Outsourced Staffing: What Is It and Why Is It Good for Your Business?
If you’re a small business, chances are you need to manage almost every minute of your time to keep your business running smoothly. After all, you are your own IT, marketing, sales, and HR department. But as your company grows, so does the need to recruit new talent to your team to help you reach your business goals.
We know recruiting can be a long, time-consuming process. That’s why we have the right solution for you: outsourced staffing.
What is Outsourced Staffing?
Outsourced staffing is a third-party service that handles every step of hiring the talent your team needs. In other words, it’s a service that does all the talent hunting, interviewing, and onboarding process to find your new teammates.
Outsourcing comes way back from 1989, at a time when companies were struggling with a lack of agility and bloated management structures. Now the outsourcing industry has become a growing industry. It’s valued at USD 261.9 billion in 2022 and is projected to expand at a compound annual growth rate (CAGR) of 9.4% from 2023 to 2030.
From big companies like Google and Facebook to small businesses, they all benefit from outsourced staffing.
But why have over half of all businesses turned to outsourcing their staff? We’ll go through some of the many benefits of outsourcing below.
Benefits of Outsourced Staffing
Timesaving
We can all agree that time is our most valuable asset. That’s why embarking on the hiring process can be a time-consuming task that you most likely can’t spare, especially if you’re wearing multiple hats.
That’s where outsourced staffing comes in handy: your efforts are fairly minimal. You simply indicate what you are looking for, explain your requirements and needs, and pay them a monthly fee for their services. The service provider will oversee looking for the candidates, scheduling interviews, overseeing the onboarding journey, integrating them into the payroll system, and facilitating their management.
According to a poll by Clutch, 24% of small businesses said increasing efficiency was their top reason for outsourcing. Outsourcing services make the whole hiring process faster and more reliable. It also gives you more time to deal with the core activities of your business.
Cost-Saving
Outsourced staffing can also help your bottom line. By using an outsourcing company, you can avoid many of the typical expenses of hiring new talent. Why? Because your outsourced staffing provider handles all the new hire’s benefits, equipment, salaries, and other possible costs.
Overseas or nearshore outsourcing can be a great option if you’re on a tighter budget. You can benefit from lower labor costs while still getting specialized and experienced workers.
In the case of working with nearshore companies, it can be more convenient for travel expenses and time zones than hiring someone across the world.
Skilled and Specialized Staff
Outsourcing your staff won’t compromise the quality of talent that your business needs. A trusted outsourced staffing company will find specialized people in whatever area of expertise you need.
Another advantage of outsourcing companies is that they often have access to a much larger talent pool where they can find the right candidates for the positions you’re trying to fill. What’s more, outsourcing companies specialize in finding the right talent, which means you won’t have to sift through a pile of unqualified applicants.
This also comes in handy if you’re unsure what you are looking for. Let’s say you’ve been in sales your whole life, but your business needs an IT guy to develop a new product. The recruitment team can help you define your requirements based on their experience filling similar roles.
Find The Perfect Fit for Your Team with OSI Nearshore
If you’re considering expanding your team with outsourced staffing, OSI is the ideal partner!
Our experts are committed to providing tailored solutions that meet your unique needs and help you achieve your business goals. Do you need temporary customer support? Maybe a contract-to-hire sales specialist! Or perhaps a direct hire to help you develop products. Whatever your needs are, OSI gets the job done.
Contact us today to learn more about our outsourced staffing services. Enjoy its benefits and take your success to new heights!