BOSS - Back Office Shared Services New Zealand

When You Need NZ Quality and Complete Control

Call 0800 14 14 50

Outsourcing Accounting Work Provides a Better Work/Life Balance

The American Psychological Association did an online poll back in 2011 in which only 57% of the polled workers felt satisfied that their company was allowing for a balanced work/life ratio. Outsourcing accounting work allows you to fix this balance, and this can have significant benefits for your business’ bottom line.

A balanced work/life ratio matters

The work/life ratio is a major factor in the level of happiness and loyalty of your employees. Happiness relates directly to productivity – Google “happy employees” with “productivity” and you’ll find a plethora of studies citing how happiness leads to:

  • boosted creativity
  • loyalty
  • increased analysis perception
  • better branding (someone who is happy with their job obviously works some place that has their act together)
  • lower overhead (less time lost to sickness caused by stress)
  • increased customer relations
  • increased proficiency in making deals

Happiness is of course a product of attaining a healthy ratio between the time spent at work versus the time you get to spend on your life outside of the office. Outsourcing accounting work is a profitable way to gain that healthy balance while not only not losing work hours, but in fact gaining time and savings in overhead.

How outsourcing accounting work will let you better your life/work balance

So fine, as the big boss you want to make your employees’ lives happier (and pull in the above named benefits for yourself in the process). But at the same time you’re trying to build up a small or medium-sized business; it seems like it’s crunch-time seven days a week as you struggle to keep your fledgling business afloat.

If you give your in-house people time off you might fall behind. But hiring additional in-house people costs an arm and a leg.

Outsourcing to the rescue. Outsourcing accounting work can have you saving up to 42% in overhead costs almost immediately (it takes about a week to set up). So you can quickly ease up on your money fears.

How outsourcing accounting work will let you better your life/work balance

So fine, as the big boss you want to make your employees’ lives happier (and pull in the above named benefits for yourself in the process). But at the same time you’re trying to build up a small or medium-sized business; it seems like it’s crunch-time seven days a week as you struggle to keep your fledgling business afloat.
If you give your in-house people time off you might fall behind. But hiring additional in-house people costs an arm and a leg.
Outsourcing to the rescue. Outsourcing accounting work can have you saving up to 42% in overhead costs almost immediately (it takes about a week to set up). So you can quickly ease up on your money fears.

You won’t have to hire in-house team members to do your bookkeeping or basic accounting number-crunching. That’s more money saved and more free time at your disposal. It’s also a load of work taken off the plates of your in-house people, allowing them to spend far more time on their special areas of interest (leading to happiness and feelings of being useful) and not having to do basic compliance number-crunching, substantially easing their workloads.

Both you the boss and your employees are going to have more time for each other. Outsourcing accounting work will free up time, some of which can be scheduled for regular meetings. Here your employees can bring forth new ideas, and if you implement them they’re going to feel like they’ve contributed something important to the growth of your company. This leads to increased employee loyalty.

Even though reduced stress leads to improved health, if you or an employee does happen to fall sick you don’t have to panic, the workload is going to be handled since you’re outsourcing accounting work.

When it comes down to it, you set the example for your employees. If you’re constantly working yourself to sickness, or if you’re always miserable because you don’t get to see your family or set time aside for socialising, then your employees are going to think that they have to follow suit.

So what’s the perfect ratio for work hours versus private life hours? That depends on you, and it will be different for each employee. Whatever the ratio, the first step is giving yourself the ability to choose the balance. Outsourcing accounting work gives you the chance to set the ratio to your preference.

BOSS (Back Office Shared Services Pty Ltd) is New Zealand’s premium outsourced accounting provider - helping you maintain quality and control while outsourcing accounting work. To discuss your needs and how we can help, Book a Consultation NOW!

Subscribe to BOSS - Receive monthly articles and special white papers

Sign up to receive monthly articles and special white papers and learn:

  • Tips to Market Your Business
  • How to Increase Your Profit
  • And More!

BOSS,
BACK OFFICE SHARED SERVICES PTY LTD.
@2018 ALL RIGHTS RESERVED.
Liability Limited By a Scheme Approved
Under Professional Standards Legislation