The outsourcing of IT-related jobs led to the managed service market reaching over 190 billion dollars in size.

The effect of third-party technical support on the industry is immense. But why? Why are so many companies opting for third-party contractors instead of keeping work in the office, where they can manage it in a controlled setting?

Keeping work close in-house may seem like the obvious choice, but statistics tell us maybe not. Read along as we take a look at what outsourcing is and why it’s become a crucial resource in the business world.

What is Outsourcing?

Outsourcing is the process of hiring out third-party contractors to do either part or all the work for a specific department. Common with customer service and IT, companies hire contractors to fill these roles instead of full-time employees for various reasons.

If you’re wondering “how to outsource” your work, the best place to start is looking at local options. See what’s near you and if what they offer matches your needs.

Now, let’s take a look at all the benefits.

Savings

Outsourcing the IT department is one big money-saving fest, but, some key factors shine through.

No Training Costs. Hiring employees means onboarding, training, and management. Training and managing demand a lot of time and effort, and when you outsource work, you save money by omitting these tasks.

Companies only pay for what they need. Whether the project or task is big or small, you only have to pay for the work you need.

Tax Deductions. Increasing staff numbers means your business takes on more tax liability. When you outsource IT support or the entire department, you get tax deductions.

Save on office space. Renting or buying office space is a huge expenditure. Save money by choosing a more economical office space and outsource IT.

Flexibility

All companies experience certain times of the year where the business is busier than usual. Outsourcing offers the perfect solution.

Instead of hiring unqualified temps or overwhelming your in-house department, you can hire extra professional help. Third-party contractor’s flexible schedules allow them to be available when you need them. Flexibility is key to supporting departments and meeting demands cost-effectively.

More Opportunities

At some point, a situation or job will arise that your IT department is not trained to handle. Professional third-party contractors have more experience and training and thus can handle these special jobs without issue. Plus, now your permanent employees have a chance to learn new skills as they work alongside them.

This means you can take on similar jobs in the future without issue. Take a look at all the ways outsourcing promotes growth and builds your companies book of business.

Outsourcing: Don’t Work Harder, Work Smarter

From completing special projects to looking for extra help during the busy seasons, outsourcing is a modern and effective way to save your company money and deliver high-quality work. But more than that it helps your business grow, access new skills, and inspire innovation.

Interested in learning more about business trends? Well, if you enjoyed this article, then head over to our blog for more insider information on all things business and finance!

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