Marie Pegram - Virtual Business Source - Sept 26th
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Marie Pegram - Virtual Business Source - Sept 26th

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Marie Pegram - Virtual Business Source - Sept 26th Marie Pegram - Virtual Business Source - Sept 26th Presentation Transcript

  • HOW OUTSOURCING CAN UNLOCK YOUR BUSINESS POTENTIAL Marie Pegram Website: www.virtualsource.co.uk Tel: 01462 687 339
  • Website: www.virtualsource.co.uk Tel: 01462 687 339 • All important functions of a business but do not directly generate sales to drive the business forward. Outsourcing – The overview Outsourced Services Human Resources PayrollBookkeeping Management Accounting I.T.Marketing
  • Website: www.virtualsource.co.uk Tel: 01462 687 339   Spend the time on what you do best!  Remember why you went into business in the first place. How do you use your time? Time spent on the mundane day-to-day tasks of running your business Time spent on generating new business or fulfilling current opportunities VS
  • Website: www.virtualsource.co.uk Tel: 01462 687 339 Reduction in costs  Employing people is an expensive business: • Level of knowledge and expertise • Management • Training • Office space • Holiday and sickness payments  Deciding when to add people to the payroll when business activity increases and coping with the increase in cost can be extremely tough.  Not to mention possibility of redundancies if the increase in business activity is not sustainable.  Access to the best technology and software without the expense and training. Level of Activity Cost (£) Staff costs: In-house Outsourced
  • Website: www.virtualsource.co.uk Tel: 01462 687 339  Regulatory burden increases year-on-year.  Regulations change and new requirements are introduced.  Understanding regulatory requirements and keeping up-to- date with developments is essential, for example:  If outsourced this would be handled by specialists with up-to-date knowledge and wider sector experience. Managing Risk and Compliance Auto-enrolment AWR RTI
  • Website: www.virtualsource.co.uk Tel: 01462 687 339  Accurate and up-to-date management information is essential in making those business decisions and keeping control of the business.  Quality and timely management information ensures better informed decisions.  Recruitment sector is a highly competitive market, therefore keeping track of competitors is important.  Finding the time and expertise to produce this information is very difficult.  If this business function was outsourced:  Instant access to expert systems and processes  Information produced on time and to a high quality  Allows you to spend time focusing on more business related tasks  Specific KPIs that are useful to your business  Keeping ahead of competition with up-to-date information and benchmarking Management Information
  • Website: www.virtualsource.co.uk Tel: 01462 687 339 The main advantages of outsourcing are:  Reduction in time spent working ‘in’ your business than ‘on’ your business.  Reduction in costs with instant access to expertise and software.  Costs increase gradually as business activity increases instead of a large ‘step up’ from employing more staff.  Reduction in risk of not complying with regulation requirements.  Up-to-date, accurate management information to make informed business decisions.  Value for money without losing control. Summary
  • Thank you Marie Pegram Website: www.virtualsource.co.uk Tel: 01462 687 339