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Is A Double Dip Recession Around The Corner?

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The looming possibility of a double dip recession is likely to see more UK businesses striving to cut costs in 2012, with figures recently released by the Office for National Statistics suggesting the UK could be heading for its first double dip recession since 1975.

The British economy shrank by 0.2% during the three months to December and the Bank of England has warned that the private sector is planning job cuts. The accountancy firm Deloitte claimed that half of all chief financial officers in the UK see cutting costs as a priority over the next 12 months. The growing prospect of a double dip recession is set to cement this view, with more businesses taking a proactive approach by turning to freelancers and switching to outsourcing in an attempt to reduce overheads.

Chairman of the National Outsourcing Association, Martyn Hart, said recently that as well as the upfront cost savings, outsourcing jobs such as copywriting and web design to specialists allows firms to concentrate on their core business. “It is better to focus on things like customer satisfaction, outmaneuvering the competition and securing new business. Outsourcing frees up resources to be the best you can be, in the business you are truly in,” he said.

Shadow Chancellor of the Exchequer Ed Balls insisted Osborne should be blamed for putting the economy into reverse, saying: “Far from the eurozone crisis being to blame, it is only rising exports that kept us out of recession last year. By clobbering the economy with spending cuts and tax rises that go too far and too fast, the government has left us badly exposed if the eurozone crisis deepens this year.”

These poor economic growth figures have resulted in many businesses gearing up for a likely double dip recession, keen to cut unnecessary head count and overheads. Many companies are achieving this through outsourcing particular business functions to freelancers, who charge a far lower price when compared with what can be found on the high street or through employing an internal resource.

There are several online outsourcing marketplaces that offer a hassle free outsourcing service, where freelancers can sign up and offer their services to companies who post details of the work they need completing.

Helping businesses to be more robust against the looming recession, OutsourceMyProject is an example of an outsourcing website that is reaping the benefits of the outsourcing boom, with over £1 million worth of projects posted in the past twelve months.

Loren Holland, Managing Director of OutsourceMyProject said: “We have seen a significant increase in the number of companies taking proactive measures in preparation for another recession.”

He went on to say: “The service Outsource My Project provides is hassle-free and the ideal way for businesses to find the perfect freelance worker to outsource their business functions too.”

Via EPR Network
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OutsourceMyProject Breaks The £1million Barrier

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OutsourceMyProject, a UK web based marketplace which allows businesses to outsource work and business functions to freelancers and professionals in the UK and aboard, has just broken a major barrier after having £1 million worth of projects posted on the website since its launch.

OutsourceMyProject launched at the start of 2011 and has already helped hundreds of entrepreneurs and small businesses find a freelancer in service categories such as web design, e-commerce, graphic design, copywriting and administrative support.

OutsourceMyProject is a marketplace which connects skilled professional freelancers and professional service providers with UK businesses seeking to use their services. The website can be used to find and work with a variety of experts from web designers to translators, graphic designers to accountants.

Customers simply post their job on the OutsourceMyProject website, which is completely free of charge, and then receive proposals from experts within hours. The site provides the platform to evaluate and manage service providers with concerns over ability and experience of providers being mitigated by the websites comprehensive feedback and rating system. Furthermore, OutsourceMyProject.com also provides a range of web-based tools to ensure confidence in the execution of your project. These include an online payment platform, project management facility and messaging system to ensure open and clear communication between both parties, all within the safety of the OutsourceMyProject.com website.

Loren Holland, Managing Director OutsourceMyProject said: “Breaking the £1 million barrier within a year of launching the website is a major achievement and one we are all very proud of. This achievement is testament to the value proposition OutsourceMyProject offers small and SME businesses and the strength of the UK freelancing and outsourcing markets at the present time.”

The concept of outsourcing and the use of freelancers to provide essential business services have proved to be a lifeline for many companies over recent years, and this looks set to continue as we face a double dip recession. These difficult economic times have made it more important than ever for companies to tighten their purse strings and streamline their operations. Rather than employ new staff on a full-time basis, specific projects can be completed by freelancers, with exactly the right skills and experience, on flexible contracts.

The number of freelancers registering with OutsourceMyProject has tripled over the past six months. The website attracts everyone from unemployed skilled professionals looking to earn a primary source of income to retired workers and students looking to supplement their income. The website is becoming an essential platform for the UK freelance market, helping them connect with businesses seeking their skills and expertise.

One early customer looking to find a freelance web designer on OutsourceMyProject was Manchester based Edge Worldwide Logistics. Director Philip Edge said: “We posted our job on OutsourceMyProject and received over 20 offers to redevelop our company website from specialists in the UK, India and other offshore locations, all at a significantly lower price than I had budgeted for.”

Via EPR Network
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B2b, Internet, ISPs, Online, Programming, Services, Software, Web, Web Design & Development

How To Survive A Double Dip Recession

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With a double dip recession looking likely, businesses are streamlining themselves more than ever before, in an attempt to ensure the struggling economy doesn’t cause the closure of their business.

Cutting everything from staff head counts to workloads, businesses are keen to reduce costs by re-thinking their everyday operations and processes. One example of the type of change being made by businesses is that they are reducing the number of fixed staff they employ, and are instead working with freelancers. With freelancers working on flexible, short-term contracts, they are paid on a per work basis and are therefore not paid for the times when they aren’t needed, helping to minimise overheads.

Delegating work to freelancers in this way is called outsourcing, whereby an outsider is used to provide the product or service needed by the company in question. There are many different business functions that can be outsourced to freelancers, including everything from a company’s finance and account functions, to web design and other IT functions. Outsourcing work enables companies to cut their fixed overheads, by replacing in-house teams with third party organisations and/or freelancers.

The recent economic climate has resulted in potentially the strongest freelance market ever, with many professionals offering their services on flexible contracts, as these skilled individuals look to gain or supplement their income after losing their permanent job, or having their income reduced during these difficult financial times. With today’s society facing such economic uncertainty, freelance work can provide both greater stability and flexibility than a full-time job can offer, which is just one of many reasons working in this way is as popular as it is.

OutsourceMyProject is an ideal site to find freelancers and professional service providers who are capable of undertaking projects and business functions. Furthermore, the site provides a platform to not only find, but also evaluate and manage service providers and projects. Concerns over ability and experience of providers are mitigated by the websites comprehensive feedback and rating system. OutsourceMyProject also provides users with a safe payment escrow service to provide maximum protection to its users.

Loren Holland, Managing Director of OutsourceMyProject said: “Outsourcing is an increasingly popular concept and the benefits have the capability to protect a business during the potential double dip recession. It is essential to operate a streamline business in the current economic environment whilst also maintaining access to skilled professionals who can sustain a business’s front and back office functions. ”

He went on to say: “OutsourceMyProject is a website that connects businesses with freelancers and professional companies looking to offer their services. Customers post their jobs free of charge and receive offers from experts within hours. If you need a freelance web designer or freelance copywriter, to name just a few specialist categories, then we have hundreds of experts waiting to provide their services through OutsourceMyProject, at the most competitive rates. Best of all, posting a job to find a freelancer to complete work is completely free with no hidden costs.”

One recent customer of OutsourceMyProject was Midlands based firm Stephen Gaskets Ltd, who posted their search engine optimization (SEO) project. Rex Baynton the Managing Director of Stephens Gaskets Ltd, said: “We posted our project on OutsourceMyProject and within a few days had received over 20 offers and had appointed a freelance SEO expert. After just a matter of weeks we witnessed a drastic increase in orders via Google, as a result of the excellent work completed by the freelancer we appointed.”

Via EPR Network
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Freelance Workers Are On The Increase

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With an increasing number of companies struggling and having to make staff redundant and put recruitment on hold, it’s no surprise that more people are choosing to become freelancers, and that outsourcing the services they offer are in demand now more than ever before.

Simon DeGale is a freelance web designer who uses outsourcing marketplaces to source work. After leaving his full-time job in London to become a freelance web designer, Simon has never looked back. Not only does he now have an ideal work/life balance, but he also gets to spend time with his two young daughters; something he wasn’t able to do as much whilst working in London. Working in the freelance industry has also allowed him to take charge of his own workload and to secure exactly the type of work he wants to be doing.

One particular website Simon DeGale uses is OutsourceMyProject, a UK based platform that offers various different professional services within a freelance marketplace. To date the concept of outsourcing professional services has been limited to large companies and organisations, but OutsourceMyProject enables both small and medium businesses, as well as entrepreneurs and individuals to successfully outsource business both home and abroad.

OutsourceMyProject helps businesses decrease their costs significantly, through outsourcing work to freelancers and/or low cost economies that have highly talented skill bases. OutsourceMyProject works by offering both a transparent and competitive bidding process on each project, which results in competitive bidding from UK and global service providers.

With any savings that can be made being a lifeline for many companies at the moment, outsourcing is the ideal concept to use to make such savings. Companies and individuals that use OutsourceMyProject can perform their due diligence on each service provider by viewing each their unique profile and portfolio, along with analysing their ratings and feedback for past projects. With complete freedom and flexibility in customers appointing their preferred professionals, both parties are able to work on agreed terms.

With improved communication and technology making this type of work arrangement possible, freelancers are able to improve their offering. Last month’s employer survey by the Recruitment and Employment Confederation (REC), JobsOutlook, revealed that the UK economy has discouraged permanent employment, leading more business owners to seek freelance, contract and temporary workers instead.

According to the report, 83% of employers said that their use of temporary workers will rise or remain the same during the next year, whilst four out of five of them said this will happen within the next three months. Only 49% said they expect to add to their permanent workforce within the next 12 months, and this is compared to 66% in the previous month. However, short-term permanent recruitment expectations currently stand at 67%, compared to 74% previously.

Loren Holland, Managing Director of OutsourceMyProject said: “These figures show that employers are waking up to the wealth of flexible human resources available to them. Rather than take on new staff on a long-term or full-time basis, specific projects can be completed by sourcing people with exactly the right skills and experience for each task. Whether a business is large or small, or even if someone working alone is looking for one-off assistance with a particular project, it’s possible to find a freelancer to offer invaluable support.”

A report published at the end of 2009 by Enterprise Nation, in association with British Telecom, found there were more than 2.8 million businesses operating full time from home in the UK, which represents a 16% increase from the prior year. Furthermore, home businesses contribute around £284 billion to the annual UK economy. Technology was cited as a key factor in enabling people to start and grow a business from home, with 81% of the Enterprise Nation survey respondents stating that technology is critical to the success of their home business.

These improvements in internet access have lead to a dramatic increase in the number of company employees working from home. Businesses are more flexible to staff working from home given the improvements in technology and business tools which give staff full access to servers and files from their home, such as cloud computing and drop box application.

Via EPR Network
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