When you decide to outsource, there are 10 things that you instantly won’t have to worry about…
1. NO STAFF
If you don’t have staff, you don’t have to worry about staff illness, health and safety regulations or staff morale! With absenteeism said to be costing around £598 per employee (according to ACAS), this could potentially be a big money-saver.
2. NO SALARY COMMITMENTS
Outsourcing means that you have more control over the money you spend. Without being committed to a monthly payment, you have the flexibility to control your cashflow to match your business activity.
3. NO STAFF SICKNESS
It isn’t just the statutory sick pay that costs a business money. Having a team member off sick can cost a business its reputation as other workers are overstretched or deadlines are missed. Outsourcing prevents business losses associated with absenteeism.
4. NO HOLIDAY DOWNTIME
Holiday pay and absenteeism costs a business in the same way as sickness does, but at least it is planned and accounted for! If you aren’t spending money on holiday pay, you can spend it instead on growing your business, and making more money!
5. NO MATERNITY/PATERNITY OBLIGATIONS
Having to support staff members during this time is a big burden on a business. As well as having to pay statutory pay, and being a member of staff down, you will also incur the costs of training a temporary member of staff. Expensive!
6. NO MASSIVE RENT BILLS
The bigger your team, the more space you’ll require, and office space is not cheap to come by. Even a small business could find themselves forking out £2,000 per month. Outsourcing allows business owners to run operations from a smaller space, which could be a room in their home, or even a garden office.
7. NO BUSINESS RATES
On top of office rental comes business rates, which in many cases match or exceed the rest itself! It is also a cost that is overlooked by many businesses. If you only have one property and it has a rateable value of less than £12,000 you may be eligible for Small Business Rate Relief.
8. NO UTILITIES
Running an office racks up bills. Lights, heating, air con, servers, computer equipment, a kettle and fridge… it all adds up. Outsourcing, especially from a home office, keeps your operations small and costs affordable.
9. NO EMPLOYERS NI TO PAY
Another legal obligation for employees that incurs costs in time, effort and real-time cash-money. Paying for an outsourcing service negates this responsibility, which is as big on admin as it is on cost.
10. NO PENSION COMMITMENTS
With new pension laws coming into place, the costs to small businesses are set to rise. If you outsource your work, you certainly won’t have to worry about how your business will survive this change!
You can say NO to all these costs too, simply by saying YES to outsourcing. Call 01268 411269 to find out more.