21/09/2022
Rising labor costs, cost of goods, and employee turnover are seriously hindering multi-unit companies' ability to grow.
If you haven't considered outsourcing your in-house operations, here are 3 reasons you need to consider it now:
1. Reduced Labor Costs
Whether you have an in-house Accounting or Payroll team or you're working with a CPA or Payroll firm, chances are you're paying premium for basic Accounting and Payroll maintenance. Outsourced services delivers the expert team, best practices, and full Accounting and HR operations optimized to not only save you money, but also deliver timely financials, access to leading technology platforms, and resources to focus on other strategic priorities.
2. Eliminate Turnover
With an Accounting and Payroll team already in place, you eliminate the cost of turnover in in-house operations. Your current team can transition from task managers to strategic leaders using high-value skills to drive business goals. Who doesn't want to focus on more meaningful work?
The right HCM technology can help reduce turnover for your front-of-house by providing an improved employee experience with self service tools, training and people development, career management, easy scheduling, and more.
3. Increase Profitability
Right now, multi-unit operators across all industries are seeing lowered business earnings, even after increasing their prices of goods and services. Outsourcing reduces overhead costs by up to 40%, and allows leaders and teams the time to focus on higher-priority initiatives and drive growth.
These are only a few benefits multi-unit leaders realize with outsourced services. Outsourcing provides many opportunities to improve operations and achieve success. If you're not considering outsourced solutions, you're missing out on massive growth potential.
