Deciding whether to hire a role in-house or leverage a 3rd party company for services can be tricky. On the one hand, it’s really nice knowing that you have a staff member who is completely dedicated to working for you. But on the other hand, hiring new staff can be risky and expensive. Sometimes choosing a 3rd party provides a level of continuity you won’t get when employees leave their roles. If you’re not sure of the best things to hire out, here is a list of some common business services that are great for 3rd party companies to complete:
IT and Risk Management
Risk management encompasses everything from data security to disaster planning. Having experts on your side who know the ins and outs of planning for all the business risks you could encounter is essential. On top of that, because so many risks are tied to technology, it also makes sense to use IT experts who can give you the attention you need. Because so many companies are using cloud technologies nowadays, it makes sense to leverage the talent and expertise of IT professionals outside of your company.
In addition to risk management, outsourcing your business services to third-party companies can also provide your business with access to cutting-edge technology and specialized expertise. For instance, if your business needs to develop a new software system, partnering with an IT firm can give you access to professionals who have experience in designing and building complex software applications.
This can save your business time and money, as you won’t have to invest in hiring and training new employees to perform these tasks in-house. Additionally, outsourcing can help you stay up-to-date with the latest technological advancements, which can give you a competitive edge in your industry. By leveraging the expertise of third-party companies, you can ensure that your business is always at the forefront of innovation.
Human Resources Services
There are numerous technologies that improve HR procedures and streamline hiring, benefits, and more. Some companies may not even need a full-time HR representative. Instead, many businesses are turning to 3rd party companies to provide all these services for them. These companies can help you find employees, including C-suite-level staff. Additionally, they can manage things like OSHA compliance, benefits, and so much more.
Outsourcing HR services can also bring cost savings and efficiency gains to businesses. Third-party companies that specialize in HR services can offer scalable solutions that cater to the unique needs of your business. By outsourcing your HR functions, you can avoid the expenses associated with hiring, training, and retaining in-house HR personnel, as well as the costs of maintaining HR software and infrastructure.
This can be extremely helpful for businesses that might not have the resources to manage HR functions in-house. Additionally, outsourcing HR can provide you with access to a wider pool of talent and expertise, which can help you attract and retain top talent in your industry. By partnering with HR experts, you can focus on your core business activities and leave the HR management to the professionals.
Legal and Compliance
There are numerous legal and compliance services available to you depending on your business needs. You can pursue legal services that offer contract review, IP protection, copyrighting, employment law, and more. Using another company for these purposes can help you get work done on demand instead of having a full-time employee on staff.
Outsourcing legal and compliance services can provide businesses with the flexibility they need to manage their legal needs. Whether you require help with drafting contracts, protecting your intellectual property, or navigating employment law, outsourcing these functions to third-party companies can help you get the job done quickly and efficiently.
Additionally, outsourcing legal and compliance services can provide businesses with access to a broader range of expertise and resources that they may not have in-house. This can be very helpful for businesses that operate in highly regulated industries or have complex legal needs.
Marketing and Advertising
When you’re starting a business, many people use 3rd party contractors and companies to provide marketing and advertising services. There are many options for these services, including social media management and strategy, search engine optimization (SEO), content creation, and more. Using someone outside your company can provide numerous benefits including the ability to flex to add more bandwidth when needed.
Finance and Accounting
Finding a finance or accounting professional is imperative. But whether to use one in-house or outsource to a 3rd party is up to you to decide. If your needs are minimal, you might consider using someone outside of your company to help provide the financial and accounting services you need.
Facilities Management and Maintenance Services
Did you know you can hire a company to handle all of your facilities management and maintenance services? Facilities management is the process of managing a facility in order to meet the needs of its occupants. Facilities managers are responsible for all aspects of building operations, including planning, budgeting, and maintenance. They also ensure that the buildings are safe and comfortable for employees to work in and often work with OSHA to ensure safety and compliance. Maintenance is more related to repairs and cleaning services. Using an outside company can ensure that everything gets done to your standards without having to keep a full-time crew on your staff.
There are many different call-answering services that you can work with nowadays. They are especially helpful for remote-focused businesses or new businesses that have a low call volume. Hiring a remote receptionist service can be a great investment for your business. You can train them to your customer service standards, and you don’t need to worry about what to do if someone is off or sick. The company fills the gap for you to ensure that you always have someone to answer and direct phone calls.
While making the decision to hire your own employees or use 3rd party services can be challenging, hopefully, this article gave you some ideas on what you could easily outsource if you wanted. Your business will benefit from working with these professionals who offer a wide range of expertise and experience in their respective fields. They can help you streamline your operations, improve efficiency, reduce costs, and make better decisions faster than ever before