Three Small Business Outsourcing Trends

Outsourcing isn't just for big companies — despite the stereotype of the jack-of-all-trades small business owner, more and more small businesses are handing over certain functions to cut down on costs and create efficiencies as they grow.

Here are three small business outsourcing trends for your company to consider:

Payroll

Payroll providers can take this onerous task off of your to-do list and keep things running smoothly. Payroll providers don't just help ensure that employees are compensated in a timely manner — they also help ensure that taxes, Social Security and Medicare taxes are paid on schedule. If you have two or more employees, this can save you serious time each pay period.

Legal

Complying with federal, state and local laws is a complicated matter. Turning to expert legal counsel can save you money by helping you avoid costly compliance violations and ensuring that you're taking advantage of any legislation changes, for example in taxation law.

Hiring

The average interview process takes 33 days. Why not bring in talent and get them up to speed sooner by outsourcing hiring services? You can even outsource all HR administration to save huge amounts of time.

Small business outsourcing enables you to save time and focus on what really matters: your core business offerings. And that's what can enable you to compete with the big guys.

-Via ADP

April 27,2018