Consider Outsourcing…

Is outsourcing a paraplanner cost effective?

Money talks in the business world and it positively screams in financial services.

On average, it costs 1.5 times an employee’s basic salary to maintain employment. So that paraplanner on £50,000 a year costs you £75,000 a year – which is probably a conservative estimate because you can’t easily tag a price onto some of the more intangible costs.

Based on our rates and depending on your specific situation, we’re between half and one third of the cost of taking on an employee.

Outsourcing statistic: Only 25% of British companies have never outsourced.

Outsourced paraplanning means you can forget about National Insurance, PAYE, salaries, pensions, training, and other additional costs. You won’t need to think about holiday cover or sickness pay. By outsourcing paraplanning services, you get total value for money, nobody sitting idle costing you £75,000 a year.

In plainer language, we are a significantly more cost-effective way of getting more done, without any of the hassle of employing someone.

Is it time to start rethinking how you do things? See the outsourcing article in full at https://www.parafinity.co.uk/2023/08/08/should-you-consider-outsourced-paraplanning/