Other studies show that despite woeful economic conditions, small and midmarket companies are still looking to take on new staff. As more businesses outsource work they used to do in-house, new opportunities will open up for smaller companies and employment growth will start with small business. It happens in almost every cycle.
Randy Ellison
of TN
@
Jan 05, 2009 10:09:16 AM
It makes good fiscal sense
I've been practicing this srategy for years. As a business owner, I outsource my taxes and accounting to a CPA for a fraction of the cost of an employee to perform the task. My clients enjoy the same benefits when they hire me as an advertising consultant and media buyer: they get an expert on-demand, who gets paid by the job, which saves them a bundle.
The Media Fairy
of FL
@
Jan 03, 2009 12:05:15 PM
Re: starts with you
This article is about outsourcing, not offshoring. The two are different, despite some overlap. In the context of this article, an example could be a small business outsourcing payroll processing and benefit administration to a local firm specializing in such services. The small business may not have the resources to hire a full time expert or manage this non-core activity with existing staff. The outsourced benefits firm has the volume crime multiple clients to operate efficiently and negotiate better rates with providers. Their expertise from specialization is also valuable. This arrangement does not necessarily nor likely include offshoring of jobs.
Blair S.
of TN
@
Jan 01, 2009 18:05:25 PM
start with you
So the writer thinks "cost-saving measures like outsourcing may be in order." Why doesn't US News start with him and pay some guy from India $9 an hour to do it.
Matt Bandyk, a reporter for U.S. News, explores capitalism from where it all begins, with the entrepreneur, whose risk taking and experimentation provide the roots from which the rest of the economy grows. As much courage as it takes to create one's own business, even the entrepreneur needs some help, and this blog will look at news, trends, and practical advice for starting and running a small business.
Randy Ellison of TN @ Jan 05, 2009 10:09:16 AM
The Media Fairy of FL @ Jan 03, 2009 12:05:15 PM
Blair S. of TN @ Jan 01, 2009 18:05:25 PM
Joe of NV @ Dec 31, 2008 02:06:50 AM
Back to blog