With nearly 28 million small businesses in the United States, how does your company stand out from the crowd? What do you offer your clients and your employees that makes your business indispensable? If you’re searching for a way to increase your value (and decrease your spending), we have a solution to fit your needs: Outsourcing.
We’re not suggesting you outsource your core business functions. After all, that’s why you started your own business in the first place. You know what’s best for your business and by outsourcing mundane and often time-consuming HR tasks, you can find more time to focus on your business. Here’s a list of ways that outsourcing can help your business stand out from the crowd.
1. Stand Strong
While approximately 543,000 new businesses get started each month, more than the same number of businesses are also closing their doors. The good news is that businesses who outsource their back office functions have a proven 50%-lower failure rate.
2. Increase Growth
For small businesses struggling to keep up with startup demands and competitive industries, finding time to increase growth can seem impossible. When you offload your back office responsibilities to trusted experts, you gain valuable time to focus on things like growth and development. Research confirms a 9% higher growth rate for companies who choose to outsource their back office tasks.
3. Reduce Turnover
Outsourcing your Human Resources gives you access to exclusive benefits and trained HR professionals who treat your employees like their own. They manage your payroll, human resources, and compliance needs with expertise. Studies show reduced turnover rate (up to 33%) in companies who choose to outsource these services.
4. Increase Client Focus
Perhaps one of the greatest benefits to outsourcing your back office is the opportunity that it gives you to focus on your client needs. With all of your back office responsibilities covered, you have an opportunity to redirect your focus to the thing that matters the most. Your clients!
Consider Outsourcing your HR to Lightsource HR
Outsourcing your HR and back office needs can help you stand out from the crowd in significant ways!