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Deciding what to outsource

Posted on August 21st, 2013 Read time: 1 minutes

Companies experiencing a period of rapid growth may find certain organizational tasks are falling to the bottom of their to-do lists. However, these things are often essential to the function of a business and can't be ignored. One solution to this time crunch that does not involve making new permanent hires is outsourcing.

According to VentureBeat, small-and medium-sized businesses experiencing growth should give serious consideration to outsourcing functions that do not fall under the core competencies of the company. A great example is employee benefits administration. Few companies have the capacity to handle this in-house. Additionally, outsourcing this function to an experienced firm can allow a business to offer its employees better benefits than it would be able to manage on its own. Not only can this take pressure off of in-house human resources employees, but it can also help attract new candidates with the incentive of great insurance.

Other human resources administration tasks can also be outsourced with no damage to mission-critical areas of business functioning. Payrolling, for example, can be taken care of by an experienced outside firm with no detriment to the company itself. Indeed, it can save existing employees time that they can then use to support the organization's growth.

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