Business leaders want more than just lower costs when outsourcing
You may be surprised to learn that lowering costs is rarely the initial reason that business leaders engage outsourcing companies in the Philippines. These are five other common reasons that clients share with us. Are your days similarly impacted by them? If so, engaging remote employees may just save your days!
1. Endless recruitment cycles and being let down by candidates
‘After a long search and interview process, we finally found the right local candidate. Then, a few weeks before they were due to start, they declined.’
Write a job description, advertise (or pay a substantial sum to a recruiter), review a long candidate list, first round interviews, short list, second round interviews, take up references, job offers and contracts, buy new IT, set up desk, add to HR system…all destroy time that most business leaders would prefer to spend on other activities. But it can be worthwhile so long as a great new team member arrives. Increasingly though, business leaders tell us that competitive job markets mean that candidates have options. It’s not uncommon to be let down at the last minute. Frustrating, inefficient, and unpleasant.
This is how the same hiring process looks when you hire offshore IT or offshore accounting talent with Yempo:
Write a job description, review short list, second round interviews, pay one monthly agreed fee.
2. Too much time taken up with training because of staff churn
‘As a small business we can’t afford high turnover rates. Training staff takes up too much of our time and is a distraction from doing business.’
Businesses can face a critical question: which costs more? Increasing salaries to retain talent? Or the time lost (and client relationships adversely affected) by having to recruit and train new talent? Clients tell us that they prefer to spend their time focused on more productive activities than constantly having to train new team members.
This is how the talent retention process looks for Yempo’s Philippines IT and accounting talent:
Bring talent up to speed with your business once. A large percentage of the talent we recruit for our clients stays with us for four to seven years.
Every year each employee receives a 13th month of pay (at no extra cost to you). Annual rises are baked in. Healthcare is baked in.
3. A desire to build financial resilience into business models
‘Unanticipated economic changes negatively impact our business’s costs base and those of our clients. We need to mitigate financial risks.’
Business leaders tell us that their number one hate is economic uncertainty. We’re the same. We all need as near to known costs as possible so that predicted margins are realised. Unfortunately, Donald Trump is tipping global economies on their head.
This is how adding remote employees in the Philippines with Yempo builds financial flexibility into our clients’ organisations:
One guaranteed monthly fee for each team member with no surprise hidden costs. The ability to rapidly decrease team sizes (and costs) if your business is hit with an economic nasty.
4. New business opportunities exceed delivery capacity
‘Unanticipated economic changes have positively impacted our business, and we can’t hire enough talent to deliver the work.’
Business leaders often approach us with ‘good news’ accompanied by worries about their ability to rapidly find more IT and/or accounting talent to deliver new work. They know that local markets can’t rapidly fill their talent gaps OR face hiring expensive, margin killing, contractors.
This is how Yempo’s remote IT and remote accounting talent in the Philippines allows businesses to rapidly scale:
We’re currently celebrating ten years of excellence in providing offshore IT and accounting talent. Our highly experienced recruitment team can rapidly find you the right talent for your organisation. You can focus on securing new work.
5. We need to free up key personnel for higher value activities
‘We want to free our experienced and high-cost local expertise for other activities.’
Every business has its ‘A’ team that nails winning and delivery of work. Keeping this team free is key to business growth and client happiness. Clogging this team with lower-level duties makes no sense at all. Freeing them up is business growth genius!
This is how remote employees in the Philippines frees your experts to build the business you dream about:
The joy of modern IT and accounting platforms is that they are ubiquitous. It matters little where work is done. Team collaboration is simple. Your leaders can confidently ask remote yet expert IT and accounting team members to take on tasks that they might ordinarily have to complete themselves.
Fix these challenges for your business today
Do you recognise any of these issues? And want to lower salary costs by around 60%? We’ll be delighted to chat through what you’d like to achieve and share proven talent options for your consideration.
Thank you for visiting our blog! We hope you found our content informative and engaging. Stay connected with us for more insightful blogs, updates, and tips on outsourcing IT and outsourcing finance in the Philippines, or shoot us an email at [email protected]. We are happy to answer your questions!
