Benefits of Outsourcing to Mana Medical

An in-house sales team is not your only option, hiring an outsourced team can bring you bigger and better results at a lower cost.

There are many misconceptions about outsourcing, but the belief that it’s much more costly than an in-house team seems to be the most common one.

When you factor in
  • HR Hiring costs (including time)
  • Salary
  • Workers and Public Liability Insurances
  • Payroll tax
  • Training
  • Soft Costs (Support, Management)
  • Hard Assets (Car, Phone, etc)

Cost-Benefit Example

  • Sales rep salary is at $70k a year. 
  • Add another 20% on average for taxes, benefits, etc
  • Costs an average of $84k a year.
On average, there are 16 work days a month (taking into account annual and sick days) and employees on average are most effective for only 5 hours a day. 
5 hours a day x 16 days a month is a total 80 hours a month – 960 hours a year which you’re paying $84k for. That’s $87.5 per hour or $182,000 annualised!

On average, the price you pay per hour for a part-time outsourced sales professional ranges from $50 to $80 an hour
Overall, working with a professional and experienced outsourced team means that you pay less and get more.

Core Benefits Can Include

Here are some basic benefits:
  1. Cost effective: The most important benefit is that outsourcing of work allows one to get the work done more efficiently. 
  2. Higher level effectiveness: Outsourcing work not only reduces the efficiency and quality of the work. Outsourcing is done to people or organisations which possess greater knowledge of the work and have vast experience in that field. This factor automatically raises the standard of the work, and it can be done in a fast and efficient way.
  3. Saves on investment: One does not need to spend extra on developing infrastructure. When the work is outsourced, the partner who takes over the outsourced work, make necessary infrastructural changes, as per the requirement of the work.
  4. Cost cutting on training and recruitment: When a particular type of work is outsourced, then the company or organisation does not require hiring skilled people for it. There will also be no need for arranging for training programmes for the same. The work will be handed over to people who are already experts in that trade. This will also bring in efficiency and quality in the work.
  5. Faster results: As doing everything by oneself, reduces the efficiency of the organisation, as a lot of things require attention. But when outsources its functions or work, it becomes easy, as part of the burden is shared by the outsourcing partner. This enables, the quick and fast development of ideas into concepts, and also helps in faster delivery of the products, ideas and concepts into the competitive market.
  6. Overcomes fluctuation in the workforce: Many times there are fluctuations in the workforce, when there less availability of workers to work on an assignment; this happens especially during the holiday seasons and festive seasons. 
  7. Tap Talent: In the developed countries there is a shortage of specifically skilled workers, either there is a shortage or they are available at a very high cost. 
  8. Risk Management: A hidden benefit of outsourcing is that if a company by any chance faces problems due to market fluctuations. Then the outsource partners can still keep working on their assignments. This especially beneficial in bringing back the company back on track.
  9. Improved Focus On Core Business Activities:  outsourcing can free up your business to focus on its strengths, allowing your staff to concentrate on their main tasks and on the future strategy
  10. Controlled Costs: cost-savings achieved by outsourcing can help you release capital for investment in other areas of your business
  11. Increased Reach: outsourcing can give you access to capabilities and facilities otherwise not accessible or affordable
  12. Greater Competitive Advantage: outsourcing can help you leverage knowledge and skills along with your complete supply chain
  13. To tap into experienced talent. Nurtured a rich talent pool that has delivered an increasing stream leads
  14. To build partnerships that both capture the value and reduce risk. By viewing Mana as a strategic partner tightly integrated with their operations. 
  15. To seize new local market opportunities. As new markets emerge, companies need ways to establish a presence before their competitors. 
  16. To get to market faster and boost innovation. Bringing out new products ahead of competitors is critical for consumer products companies in a rapidly changing market. 
  17. To disrupt traditional business models. 
Share by: