I thought I would do a follow-up to my cost benefits of outsourcing article post because the previous one was a little vague. In this article, I hope to break a few benefits down into their own section as well as explaining why they are beneficial. So without further ado here it goes:
No Additional Office Equipment: If you have to buy a new computer you are looking at approximately $1000 (that’s conservative). Then along with that computer, you have the printer, which you can get a cheap one for approximately $40, but that is just a basic printer no other amenities. If you want a printer, copier, and scanner all in one then you are looking toward at least another $100. Don’t forget the technical support in case something happens to the computer. Then you have to consider where you will put the computer and printer so you need to buy an office desk, there’s another $300. Then where are they going to sit? Buying an office chair, another $100. That’s just the tip of the iceberg, not to mention additional paper, ink cartridges, pens, software etc. That all adds up.
Legally required fees such as Worker’s Comp, Unemployment, and FICA: We’ll say you pay your employee $10/hr. So for Worker’s Comp you are looking at approximately $127/yr, Unemployment Tax (Federal), approximately $56, FICA, approximately $1591/yr. Not to mention, hiring a CPA to take care of all these things for you.
No imposing of your workspace: Well what can I say about this. How much is your ability to be as clean or as messy as you would like worth? $100, $500, or more. My guess is it’s priceless.
Of course, there are a lot of other expenses that go into hiring somebody in-house such as slack time (coffee break, restroom break, chit chat time etc) you have to continue to pay even during these times. Also, vacation time, sick time, training time etc. The list goes on and on.
So there you have it, a few of the cost benefits of outsourcing your administrative work. Once you break it down you realize just how much an in-house employee is costing you. So why not save yourself a lot of headaches by outsourcing your administrative tasks?
