Red Tape Busters Volume 8, Issue 12, `Outsourcing’
Welcome to the September edition of Crab Insight
Claudia Crab’s September Focus
“If you deprive yourself of outsourcing and your competitors do not, you’re putting yourself out of business.” Ryan Khan – Founder of The Hired Group, author of Hired! The Guide for the Recent Grad, and star of Hired on MTV Networks.
Outsourcing is the business practice of hiring a party outside a company to perform services and create goods that traditionally were performed in-house by the company’s own employees and staff. Outsourcing is a practice usually undertaken by companies as a cost-cutting measure. As such, it can affect a wide range of jobs, ranging from customer support to manufacturing to the back office. Key Points
- Outsourcing can be used to reduce labour costs, together with the cost of overheads, equipment, and technology.
- Skill and knowledge gaps can be filled using third party experts.
- Outsourcing is also used by companies to focus on the core aspects of the business, trusting the less critical operations to outside organisations.
- On the downside, communication between the company and outside providers can be hard, and security threats can escalate when multiple parties access sensitive and personal data.
To make sure you do everything possible not to get let down by someone else, do your diligence before selecting an outsourcing partner. Our focus is to provide easy ways of carrying out diligence. If you need practical help please do take a look at our solutions:
The big question this month is:
How can I maintain my business reputation when outsourcing services?
Friday 10 September 2021
12 noon to 2 pm
Future F2 Business Huddle dates for your diary
Friday 8 October 2021
Friday 12 November 2021
Friday 10 December 2021
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Until next month look after your reputation!!E: email@example.com | W: www.crimsoncrab.co.uk
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