Outsourcing Pros and Cons: What You Need to Know

Outsourcing is hardly a new concept but it’s taking a whole new shape with the rise of the on-demand economy.

Offloading tedious, time-eroding tasks on to someone who gets paid to help us is how we keep up with our to-do lists and the ever-increasing demands of modern life.

Why should it be any different at work?

Putting out Fires, Task by Task

By outsourcing everything that isn’t essential, we’re able to work on everything that is.

We’re able to stop putting out fires, switching from reactive to active mode. We’re able to free up time to develop our strengths and headspace to focus on core, revenue-generating activities. Our impact is infinitely bigger.

This shift is already happening. Most net job growth in the last decade is in what researchers are calling “alternative work arrangements” and the number of freelance workers is growing quickly, making up over 35% of the American workforce.

So what does this mean for corporate leaders and hiring managers?

Becoming More Productive via Outsourcing:

It means we finally have permission to stop wasting 40% of our days on admin tasks that could be easily outsourced. It means we can be more productive and our teams can be much more agile.

Soon, we won’t even have this choice to make: as a company grows in today’s fast-paced environment, the ability to respond to change by quickly turning available budgets into a flexible, on-demand workforce might be not only an optimization strategy, but a matter of survival.

Regain 40% of your day — take Stoke’s revolutionary platform for a test run.

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The Key Roles you should Outsource

If it sounds like a daunting task, it needn’t be: deciding which roles to outsource is a simple process.

  • You can outsource the tasks you or your team aren’t as strong at, such as admin, sales or marketing
  • You can outsource the tasks that work out as a waste of your time/money — if your time costs X, and to outsource it would cost half of X, it’s cheaper to outsource
  • You can outsource the tasks that aren’t full-time jobs or roles, and that would cost more to employ someone.

The above three examples will vary from business to business, however, there are several part-time, intermittent roles and categories that can almost universally be outsourced:

  • Procurement — checking product inventory, manufacturing details and equipment, shipping, packaging and all related details.
  • Professional and legal fees: setting up anything legal or accounting-related is almost always more cost-effective when outsourced (unless you have ongoing, daily legal or accounting issues — here’s hoping that’s not the case!).
  • Technological-related costs: anything computer hardware or software -related, including IT-related issues.
  • Admin-related tasks
  • Sales and marketing: neither of these need to be full-time roles (unless things are going very well!) and are often difficult to find experts in… which, if you’re lucky enough to find, will be very expensive.
  • Payroll and benefits: these are recurring, monthly — but not full-time tasks.

Find the right team for your outsourced tasks: try Stoke’s easy to use platform today!

A 1–2–3 Guide to Outsourcing

Buying in to the idea of outsourcing, and actually executing your vision are two different matters. There are several steps you need to go through in order to outsource effectively:

  1. Assess what you want to outsource — whether that’s for time, skill or cost-related reasons
  2. Define the role, project and timelines of what you are looking to outsource
  3. Vet and hire the right outsource team

Sounds simple and straightforward, right? It can be.

Luckily, with outsource talent management platforms, such as Stoke Talent, all of the above can be both automated and outsourced, saving you hours of time, work and headache.

Stoke’s on-demand platform allows you to simply match your needs with unlimited high-quality pools of talent — exactly when you need them.

Take Stoke for a test drive today — and outsource your team to the best it can be.

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Written by
Stoke Talent