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Outsource or Hire?

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It's a decision YOU have to make.

According to the US Small Business Administration, 56% of US small businesses with 100 employees or fewer have fewer than 5 employees. With so many tasks involved with running a business - everything from hiring employees to administering benefits to processing payroll and serving customers, growing businesses are faced with the challenge of getting the work done. So how can they get the extra help they need? Do they hire additional staff members or outsource job functions?

To outsource or not to outsource? That is the question.

A growing solution among many business owners is outsourcing. Outsourcing is contracting any function, operation, job or process to a third party, as opposed to its being performed by a staff member. Outsourcing could be using a payroll company to process payroll or contracting with an outside vendor to help you manage your information technology. Here are some of the advantages of outsourcing:

Some of the areas that are most frequently outsourced include information technology, human resources administration, accounting, marketing and security.

The drawbacks of outsourcing.

Of course, as with any major business decision you make, it's important to consider the disadvantages, which include:

Do your homework before you make any decisions.

So how do you know if you should outsource or hire employees?

The important thing to remember is to proceed with caution. Take the time to do your homework to make the best decision. In the long run, it will save you a lot of time and headaches later on.

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