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samedi 22 juin 2019

Benefits Of Hiring An Outsourced COO

By Mark Schmidt


If you started a company on your own, you are likely to be the only person in charge of solving business problems pertaining to finance, operations, marketing or human resources. As your company expands, you will learn that you need more skills to solve business problems. In case you are not ready to hire an executive, you can either learn the skills yourself, or you can hire an outsourced COO. There are several advantages to this.

As your company begins, you probably take care of managing business operations on your own. As it expands, you will find that further management expertise is needed to keep things in order and to meet your goals for your company. This will be your time to look for option in hiring an operations executive. You will only hire one once you determine that your business requires someone with more experience.

Normally, when you hire people for your company, you find the ones who have the experience in the same industry that your business belongs in. While this is great in terms of having a depth of experience, there are times that the width of experience will also be valuable to your organization. By having worked in various industries, a part time or project based operations officer can understand what goes on in a number of businesses.

One of the issues of small businesses with hiring a chief operations officer is the cost of having another executive in the company. The added expense usually includes salaries, allowances and performance incentives. A small company may view this as too much, leading them to decline hiring an executive. Outsourcing the position can reduce certain expenses while still guaranteeing good job performance.

A outsourcing agency will be in charge of looking for the right persons who are qualified for the executive position. Instead of limiting your options to just the people in your industry, recruitment agencies have a list of people with enough experience who can help in leading your business. They can also recommend a chief operating officer to you based on what your current business problems are.

As a part time or project based worker, the chief operations officer will ensure that your issues gets resolved within the agreed time frame. This means that you get to maximize your time and budget. The expert can also move on to other projects once they are done with yours. If you are satisfied, you can reach out to them in the future if another business need arises.

In case your business relationship with an operations executive does not work well, you can call the outsourcing company to request for another recommendation who may be more suited to solve your issues within the business. It is easier to replace someone who is not directly hired by your business, unlike when you have offered the operations executive as a permanent post.

The executive positions in a company define the direction and the steps that the company will take to achieve its goals. These are important roles that have to be filled with care, especially that they will be have access to proprietary information and processes. For this reason, a contract must properly define the scope and limitations of the job.




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