There are often extra tasks that need to be done in a business. To determine whether it is best to do them in-house or outsource them, it helps to know what your employees’ time is worth. Here is a straightforward calculation you can use.
In small and midsized businesses, there are often tasks that need to be done but they do not warrant hiring an employee to perform them. For example, a business might need someone to clean the office once a week, back up files every evening, or complete a one-time project.