6 ways outsourced IT positively affects your bottom line

In a world where technology is constantly advancing, there’s no escaping IT tasks.

If you’re a small or medium-sized business (or SMB), you may be torn between hiring someone full-time to manage your IT in house and outsourcing the tasks. You might be surprised to learn that outsourced IT affects your bottom line in positive ways.

Here are 6 of the best effects you can expect to see:

1. You can focus more money on other areas

Hiring an IT expert on a full-time basis usually means dragging financial resources from elsewhere. Depending on the experience of the person you hire, this may mean spending $65,000 to $75,000 per year. Outsourcing IT usually costs less as the professionals you outsource with will focus on areas specific to your business. As a result, you can focus your money on other areas, such as human resources or marketing.

With the money you save, you have a chance to help other areas of your business grow.

2. You save money on training expenses

When you hire an employee on a full-time basis, you need to reinvest in them. Training that person becomes your responsibility and the cost of keeping their skills up-to-date soon rises. In contrast, outsourcing tasks such as IT security means the onus falls on the outsourcing company to train their staff.

Depending on the number of tasks you need to outsource, this could save thousands each year. You may be able to rededicate the funds so you can train staff in other areas of your business.

3. You have better control of your IT costs

IT costs can soon become a financial drain when you don’t have great control over them. From upgrading your IT staff’s hardware to repairing and updating software, it all falls on your shoulders.

By outsourcing your IT, those costs soon diminish. This gives you more money to spend on other elements of your business.

4. You say goodbye to some employee benefits costs

The cost of benefits per employee is typically over $11 per hour. This includes health insurance, pension plans, and other essentials. Although you’ll need to maintain them for other areas of your business, outsourcing your IT tasks means you don’t need to dedicate them to IT employees. Instead, the organization you outsource them from covers the bill.

If you provide your employees with incentive-based bonuses, this also means their share will be higher.

5. You only pay for what you need

Although having a full-time employee is convenient in many ways, it can also result in you paying for something you don’t need. If you’re running a start-up, for example, your IT requirements may fluctuate over time.

Outsourced IT involves paying only for the tasks you need a professional to complete. When the demand changes, you can simply pay for more services or less. As a result, you’re not wasting money on someone who isn’t always performing a service for your business.

6. You avoid costly data breaches

Having a dedicated off site IT support system can help you avoid costly data breaches. Many outsourced IT companies offer an ongoing service, whereas an in-house solution may not result in consistent monitoring.

According to some statistics, the number of large-scale data breaches is growing by around 27 percent year on year. By partnering with outsourceIT you can protect your company & may avoid the fines that come with such breaches.