Outsourcing booming as the economy cools
Hawaii businesses are focusing more on money-generating activity
As the island economy has begun to falter, outsourcing is one aspect of the business community that is gearing up for a boom.
Although outsourcing has been a trend among Hawaii’s businesses since pre 9/11, it’s beginning to pick up steam. As the challenges to making money mount in Hawaii’s current economy, a growing number of Hawaii companies and small businesses have decided to outsource human resource functions or any other service that is not core to their product delivery.
In today’s economy, the only people who will make money in the next four years are the business owners that know how to run their business efficiently and with growth in mind, said Milan Yeager, chief executive of the National Association of Professional Employer Organizations.
"You will never save enough money to be profitable," Yeager said. "Businesses that want to succeed need to spend more time doing what they do best and making money at it."
