Wirral Life March 2019 | Page 83

W BUSINESS L HOW SMART COMPANIES DOUBLE THEIR TALENT POOL YET HALVE COSTS Sounds incredulous but this forth industrial revolution has opened a wealth of opportunities for smarter working. THE THEORY Many companies are split loosely into three groups of employees; the skilled professional - the principal fee generators; doctor, engineer, plumber, mechanic. There are administrators who tend to liaise & look after the skilled ones; service advisors, receptionists, administrators. Then comes the organisational framework; accountants, IT, marketing, HR; the departments underpinning the company. A company generates its turnover with the first group, the people doing the actual work. However, they couldn’t function without the admin group arranging everything or the backing of the third group handling the finances, maintaining & evolving the IT infrastructure, promoting & marketing the brand, developing business, applying strategy and so forth. Parts of the third group are often considered as a frustrating necessity by business owners. For example, IT can be viewed (and used) as repairers rather than a team with the power to develop incredible systems to evolve a business. Owners can’t be experts in all these fields. OUTSOURCING These typical issues have led to the growth of outsourced business functions in recent years. Why have an HR manager and constantly ensure that person is conversant with the ever-changing intricacies of contemporaneous law? Much easier to outsource to an HR company who are on hand 52 weeks a year with a team fully versed in employment law. This is where an outsourcing agency can collaborate with SMEs wanting to grow & develop. The agency can interlock with a company, becoming an extension of their team & reducing the necessity for a large group of non-fee producers. BENEFITS The SME has swift & easy access to a full suite of expert talent, from web developers, software specialists to marketing strategists & graphic designers. The benefits are legion; cheaper & less hassle than employing someone, full accountability, quality & results driven and easily manageable. Outsourcing digital marketing means that a business has full control of costs whilst having the competitive advantage a large team brings. It allows a company to concentrate their efforts on their core business, what they do best, rather than they to figure out the mysteries of say digital marketing. An additional benefit that an outsourcing company offers is a fresh pair of eyes. They sometimes identify areas where tech, especially automation, can produce significant time savings for a company, thus increasing profitability. This collaboration between business and expert support teams gives a company an incredible advantage over competitors, reducing employment costs, yet significantly increasing the range of talent at their fingertips. To discuss your technological, creative or marketing aspirations over a coffee, contact Nik or Justine at Revolution Four: 0151 348 7044 or [email protected] wirrallife.com 83