Did you know that approximately one in four companies in Slovakia uses outsourcing? It is both economically beneficial and efficient for companies. Many companies have already found from their own experience that leaving part of the management to specialized companies not only saves costs and time, but also means greater quality of delegated services and processes.
Benefits of outsourcing
Outsourcing services and processes that are not core to the business is becoming increasingly popular in Slovakia. There are several reasons why companies resort to this strategy. One of the most significant benefits of outsourcing is increased efficiency and productivity. When a company leaves the performance of certain activities to external specialists, it can focus more on the core of its business.
Outsourcing also allows access to the latest technologies and innovative practices without the need for significant investment in in-house development. It also has the advantage of flexibility and the ability to adapt more quickly to changing market conditions. For a successful business, it is more efficient to use the experience of companies that specialise in certain areas and have a deep knowledge of current trends and technologies than to hire in-house staff who need to be constantly trained.
Outsourcing can also lead to significant cost reductions. Instead of permanently employing a wide range of experts who are only needed at a certain time or for a certain service, with outsourcing you only pay for services as and when they are needed.
Which services are most commonly outsourced in Slovakia?
The most commonly outsourced activities in Slovakia include consulting, accounting, information and communication technology, marketing, logistics, HR and support services. Let’s take a closer look at each area:
Consulting, including legal, tax and financial, is often outsourced for a simple reason – the need for specialized know-how.
Accounting is another area where outsourcing brings significant benefits. Ensuring that all financial transactions are correctly recorded and in compliance with applicable legislation is challenging, requiring both specialised software and a high level of expertise to deal with the associated tax and legal issues.
In the field of information and communication technology (ICT), outsourcing allows companies to access the latest technology and expertise without the need for a large investment in in-house resources.
Marketing in your business can be handled by a freelancer or a firm. Marketing agencies and consultants have the latest technology, software solutions and tools that can make your marketing campaigns more effective. For example, they can properly target different types of online ads that you might never be able to set up properly on your own.
Logistics and staffing activities are another frequently delegated service area. Outsourcing logistics and warehousing services can effectively reduce operational costs.
Outsourcing HR services, for example, will provide complete HR data management or payroll processing. The company will thus get rid of the costs of HR software and also of the worries related to inspections by state authorities.
Finally, there are support services such as courier service, catering, building management, security, parking and cleaning. These are all important activities for the day-to-day running of the business, but they are not the primary business of the company.
Summary: is it worth outsourcing in Slovakia?
Outsourcing opens the door to a more efficient and flexible business and allows companies to focus on their core competencies while external specialists take care of the rest. It’s a strategy that, when set up correctly, can be the dividing line between the success and failure of your business.