“If you think it’s expensive to hire a professional to do the job, wait until you hire an amateur.” – Red Adair
Too often, businesses rush into hiring decisions and do not hire the person that would be a fit for that business. The decision is usually made off the cuff due to a temporary burden of extreme busyness or in the belief that this person will help grow the business. However, many items are overlooked in a hiring decision. One option is almost left out all together: outsourcing.
Outsourcing, on its face, can seem like a very pricy option to most decision makers. We have become a very cost sensitive society. However, the decision maker hardly understands all of the “hidden costs” associated with a new hire. There are quantitative measures such as training costs in time and dollars, capacity in the amount of work that can be accomplished, as well as the overall base compensation. These are pretty common factors to consider, but what about the qualitative impacts hiring has on a business?
A new hire affects the culture of your business. This person would directly impact co-worker productivity as well as client relationships. If the new hire was not a good culture fit, then you have to go through the whole hiring process again. Would your clients really enjoy working with the “new” employee that is essentially just a revolving door? Lastly, you have the competence factor. Outsourced options can offer much more in terms of ideas, feedback and overall productivity.
Every decision maker needs to be truly aware of all of the potential costs when making a hiring decision and compare outsourcing as a viable option.