There’s a big project coming up that’s mostly lots of easy but, time consuming work. Normally this kind of work is contracted out to temps. Some of the staff decided to save the money normally spent on temps and instead parceled the work out among the staff. Penny-wise right?
Hypothetically let’s say the company will save $1,600. That sounds good! But, then consider the staff time spent – in this case, approximately 160 hours about 4 weeks of work time for one person. In that one month maybe that one person could have delivered truly great customer service or developed a new product or networked with future partners – all things a temp could never do. Potentially the lost opportunity, which is hard to quantify, far outweighs the net gain of saving $1,600.
Personally, I fall down in this area all the time. What? Spend $12 to wash my car, that’s something I can do! It is hard to know when to outsource or know when to do something yourself because we have a hard time pricing our own time.
The next time you’ve got pile of easy but, time-consuming work consider the cost verses benefit of sourcing it out.