Outsourcing

What is outsourcing?

Outsourcing is a business practice in which a job or services within a job are completed by a third party. An example of outsourcing is temp staffing, which is when a manager outsources a shift to a third party that is not directly employed by their company.

Why is outsourcing important?

Outsourcing is a great way to fill openings caused by emergencies, seasonal demands, or employee leave. Business managers in need of labour would be unable to carry out operations at the level expected from customers without outsourcing. Alternatively, other team members on duty must take on extra work, which decreases employee satisfaction. Outsourcing helps managers fill in needed positions with temporary staff and avoids overworking other team members.

Who does outsourcing benefit?

Outsourcing benefits managers, employees on the payroll, and the temp staff themselves. Managers benefit by saving time and money on recruitment, allowing a third party to vet qualified temp staff. Employees on payroll can benefit from temp staff to support the team when they are on leave, supporting a better work-life balance. This ensures co-workers do not have to cover the extra labor of an individual who is absent. Temp staff is offered flexible work that helps them gain experience and make professional connections.

What are the options available to managers for outsourcing?

Temp staff can be obtained through traditional temp staffing agencies, which charge employers around 40% of the contractor’s rate. Hyre’s temp staffing marketplace is an innovative platform that connects qualified temp staff and agency vendors with local businesses that need temp workers. Hyre charges no more than 20% of a contractor’s rate. Unlike traditional agencies, no contractors are needed on the payroll in order to use Hyre’s temp staff. Temp staffing agencies typically work 9 am-5 pm, while Hyre is available 24/7 with customer support for any emergencies organizers may face.