You’ve probably seen it in the headlines—”Risk of a Recession!”
Right now is the perfect time for businesses to begin planning and be prepared for the possibility of a recession. The best business professionals know that it’s always best to be proactive vs. reactive when navigating through uncertain times.
To remain competitive in the marketplace, companies need to maximize efficiency and productivity. Satisfying stakeholders and remaining a reliable resource for customers are directly tied to your organization’s bottom line.
Managing the ebbs and flows of talent is a crucial component during uncertain economic times. By using an outsourced administrative support company, you can save money while boasting a top-notch team of specialists. We at Hamilton Raye believe that every CEO can use an outsourced admin on their team!
So without further ado, here are 4 ways utilizing a skilled admin team can help your organization sustain competency, effectiveness, and profitability on a long-term basis.
1. Increased flexibility.
Skilled administrative professionals are real-life “chameleons,” integrating themselves into a variety of projects while providing long and short-term support to executive and leadership teams.
When you hire an outsourced support admin, you can ensure that you have a robust and highly versatile team that can meet all of your growing needs. Working with a team like Hamilton Raye will mean that you will have access to trained professionals in all of the following areas and more:
- Customer service.
- Calendar Management
- Event planning.
- Data entry.
- Email marketing.
- Research.
- The list goes on.
In a time of recession, you might be struggling with a workforce or talent shortage. Adding an outsourced admin to your company will open your scope and guarantee that you always have highly skilled and specialized workers on hand.
2. Business cost reduction.
There’s no denying that full-time employees are expensive. According to the U.S. Small Business Administration, the actual cost of adding an employee to the payroll is 1.25 to 1.4 times the annual salary. This means that if you hire someone at $35,000 per year, the real cost will probably be closer to a whopping $43,750-$49,000.
Add healthcare, retirement plans, the cost of training, plus other benefits, and the money multiplies fast! When you use an outsourced administrative company, you’ll avoid all of these costs so you can put this cash to better use.
Best of all, because outsourced admin teams work on an hourly basis while being highly skilled, you’ll only pay for the work you need done and ensure that billable hours are purposeful and efficient.
3. Maintaining organization with an increased workload.
You’ve got a rapidly growing business. We get it, you’re busy. And as a successful entrepreneur or professional, you know that you just can’t do everything. Attempting to do so isn’t sustainable and will only take your company so far. True growth comes from focusing on your strengths and delegating to people you trust. In fact, a study by Gallup proved this by finding that CEOs who are strong in delegating generate 33% higher revenue.
At Hamilton Raye, we utilize a variety of project management tools such as Asana, Trello, and Monday.com to keep your entire enterprise running smoothly. Not only that, but we’ll help you organize your time, create lists, track deliverables, and manage your team so you can focus on what you do best—leading and growing your company. Hamilton Raye has your back and will guarantee that you are keeping up with your increased workload.
4. Admin teams can grow with your company.
The state of the economy may be unpredictable, but this doesn’t mean that you need to put your company’s goals on hold. With an outsourced administrative support team, you can expand your team even in the toughest of times.
Leveraging administrative professionals helps you weather economic storms while remaining in control of your financial and productive outcomes. By adding more specialized talent to your team without the price tag of a full-time salary, you can grow your team faster. And if you already have an in-house team, adding outsourced administrative support can help you retain the employees you have. Plus, an outsourced admin can even assist when hiring and scheduling interviews when you are ready to hire more people!
Our team at Hamilton Raye is ready to help you grow your business by handling your day-to-day business and boosting productivity. To learn how to bring one of our qualified professionals to your team, contact us today to schedule a free consultation.