Employee turnover is a costly quandary. On average employees get itchy feet around the 3 to 5 year point of being with a business and for a number of reasons including:
- Job stagnation
- Job title
- Company culture
It’s vital to keep each staff member engaged and well remunerated whilst ensuring they are happy with their position and prospects. Not forgetting to keep them engaged and open minded so that they buy into the continuous changes and demands as your business continues to grow and develop.
You have to agree, it’s a tricky balancing act. Get it right and you will be the next Google or Facebook with people clamouring at the door to work with you. Get it wrong and you might as well fit a revolving door to the front of your building. Not only will your office be empty your bank account will be too. High staff turnover leads to:
- Mounting recruitment costs
- Lack of continuity for your customers
- Destabilisation of the rest of your workforce
- Lack of long term knowledge of your business amongst your team
- You spending less time concentrating on planning and implementing for the growth of your business and more on fighting fires
- Ruins your reputation as a good employer. This can have a knock-on effect, not just with potential employees but also with customers too
How can you guarantee you never lose a valued employee ever? Simply by never, ever employing a single member of staff in the first place.
You really do not have to recruit a member of staff ever. In fact, you are likely to grow more quickly, make more profit and achieve your goals sooner by doing the exact opposite and outsourcing.
There are huge benefits to outsourcing rather than employing your own team. You’ll have a team of experts to draw on just when you need them the most. Your outsourced team will also bring a wealth of expertise and experience gained across a wide range of industries.
As your business grows the challenges you face and the goals you set will change dramatically and you need to have a dynamic and flexible team you can confidently call upon to handle this for you. This is exactly what outsourcing gives you.
Here’s just a few of the benefits you and your customers will gain by working with an outsourced team:
- Their experience will see you overcome challenges and problems much quicker. In fact, in some instances you’ll never even be aware a problem had existed as they will have dealt with it before it had any impact on you, your customers and your business
- You don’t (unless you want to), have to provide office space or equipment to your team you can meet virtually using apps such as Zoom.
- You’re not responsible for your teams development, they are. Good outsourced providers will always be updating their skill set to ensure they are top of their game and delivering nothing but the best. It’s the way they keep getting repeat business.
- You only pay your outsourced team members when they are engaged in work for you. This will save you thousands of pounds each year and see your profits soar. For example, instead of hiring a full-time Marketing Manager (average salary £33k in the UK) you can outsource for a fraction of the cost.
- Your time isn’t taken up with recruiting, pay scales, holiday/sickness queries, pensions and all the other red tape employing your own team brings. This is time you can now spend on developing and delivering more services and products to your loyal customers.
The majority of high growth start-ups don’t follow the traditional model of recruiting and retaining a team they’ve already embraced the outsourcing model. Make sure your business doesn’t get left behind. Make an outsourcing plan for your business too./p>
Want to find out more? Take a look here: How Much Does Staff Turnover Really Cost.