How outsourcing can help you grow your business

Most businesses in Guernsey have found the past year a little tougher than usual. However an uncertain economy does, arguably, encourage more effective working practices. One example is outsourcing. Chris Gnapp of Leapfrog looks at how outsourcing allows businesses to focus more on business growth and how, in the long-term, many can even save money.

The past year has been tough for Guernsey businesses. Some have had to cut back on staff and spend less on activities that don’t directly drive growth. However as we emerge from this recent dip, many businesses are prospering once again.

Business growth presents its own challenges, albeit welcome ones. One challenge is staying focused on maximising business growth, while still maintaining existing business activities such as HR, tax returns and payroll.

Throughout this recovery time and beyond, it’s vital to not get caught up in day-to-day tasks that avert your focus away from this all-important growth.

Reduce your administrative burden

One way to achieve the focus you need in order to drive business growth is to remove yourself from administrative tasks that take up valuable time and resource.

It’s easier said than done – or is it? When you clock up the hours you spend on administration rather than on profit-driving activities, you’ll start to realise the actual cost this represents to your bottom line.

This is where outsourcing can help. When you outsource administrative activities to professionals, the job gets done. That is, outsourcing tackles the administrative burden, giving you more time and resource with which to drive your business growth.

Outsourcing has become increasingly popular – and the reasons vary. For smaller businesses, outsourcing is more cost-effective than employing another full-time employee. For larger companies, outsourcing to experts can provide a fresh approach. However the key objectives at every level are the growth, expertise and savings that outsourcing can achieve.

How to ensure your outsourcing meets its objectives

The majority of Guernsey companies could benefit from outsourcing – and it’s easy enough to arrange. But if you want to maximise your business growth and savings, ask yourself some key questions first.

Do your figures. Will outsourcing be more cost-effective than your current solution?
Experience is key. Can the outsourcing company work to the high quality you expect – and even deliver additional expertise?
Gauge your growth. What difference will outsourcing make to your company in the short, medium and long term?

When you forecast your savings and growth before you employ an outsourcing company, you will get what you expect – results, growth and savings.

It’s also important that the outsourcing company you choose really understands your business – and is passionate about the service they provide. After all, you need people to share your drive and determination in order to really take your business to the next level.

Why it pays to outsource payroll

Payroll is increasingly being outsourced – especially to local experts. Firstly, as payroll is a huge administrative burden, outsourcing it can free up big chunks of time every month.

Ensuring your team is paid on time, every time, is fundamental to happy and motivated employees.

Outsourcing payroll can also be incredibly cost-effective. The right company can do your annual returns and provide insightful reporting on your payroll expenditure.

Leapfrog expands its services

As the demand of outsourcing grows, Leapfrog has identified a gap in the market for bespoke payroll services. And, as we’re already at the forefront of permanent, temporary and contract recruitment services, payroll is a natural progression for us. As with our recruitment services, we take time to understand your business and tailor our payroll service to exactly what you require.

Our ever-growing range of services is aligned to your key objective – driving your business forward.