
Mondays with Rick: Pros and cons of outsourcing vs. hiring
Dr. Rick Franza, Professor of Management at the Hull College of Business, discusses a different, timely business topic each Monday in this column. This week, he talks about the pros and cons of outsourcing vs. hiring. The interview has been edited for clarity and impact. ABD: One of the difficult decisions facing many small and medium-sized businesses is whether to hire a new employee for a specific task or to outsource it to a freelancer. What are some of the pros of outsourcing as opposed to hiring someone? Rick: Certainly,