1. Outsource as a UK business to the Philippines: Protect profits. Counteract rising costs
The recent rise in employer National Insurance contributions adds another layer to operational costs for UK businesses. Employers will have to find another £900 per year for each UK-based employee on median annual earnings. These increases can strain cash flows, especially for businesses already contending with inflation and global market volatility. Engaging offshore talent significantly reduces these costs. Philippines-based remote employees command lower salaries due to differences in the cost of living, offering the same high-quality work at a fraction of the price.
Typically, Philippines-based IT and accounting talent costs 60-70% less than equivalent UK hires.
2. Access a skilled workforce
The Philippines is renowned for its well-educated, English-speaking workforce, particularly in IT and accounting. The country produces thousands of graduates in these fields annually, ensuring a steady supply of skilled professionals. By outsourcing IT services or accounting roles to the Philippines, UK businesses gain access to a talent pool equipped with international certifications and expertise in global standards like IFRS and GAAP.
3. Enhance business flexibility
Outsourcing accounting services or IT functions provides UK businesses with greater operational flexibility. Whether scaling up operations or managing seasonal demands, having an offshore team offers agility without the long-term commitments and costs associated with local hires. This flexibility is crucial in today’s unpredictable economic environment, allowing companies to adapt quickly to market changes.
4. Boost round-the-clock productivity
Time zone differences between the UK and the Philippines can be leveraged for continuous operations. Offshore IT teams can handle maintenance and support outside UK business hours, ensuring systems run smoothly 24/7. Similarly, offshore accounting teams can process financial data overnight, providing timely reports and insights at the start of each UK working day.
UK business hours match the popular ‘second shift’ in the Philippines. Having UK and offshore teams work the same hours isn’t an issue.
5. Focus on core competencies
Outsourcing non-core activities like accounting and IT frees up internal resources to focus on strategic growth initiatives. This shift enables UK businesses to invest more time and energy in innovation, customer service, and market expansion, driving long-term success.
Why Yempo Solutions?
Yempo Solutions specializes in connecting UK businesses with top-tier offshore IT and accounting talent from the Philippines. Our rigorous recruitment process ensures you gain access to professionals who meet your exact needs and integrate seamlessly with your team.
Key Benefits of Partnering with Yempo:
• Cost Savings: Reduce your overhead costs while maintaining quality.
• Expertise: Access a pool of highly skilled, certified professionals.
• Flexibility: Scale your team up or down based on business needs.
• Support: Comprehensive management support to ensure smooth operations.
‘’Yempo provides remote employees in a very supportive, reliable, and efficient way for your business.’’ – Lizzie R, Group Head of People and Culture, Specialist Health Solutions Limited.
Conclusion: A strategic advantage for UK businesses in tough times.
In the face of rising costs, including the recent employer NI increases, UK businesses need strategic solutions to maintain competitiveness. Engaging offshore IT and accounting talent from the Philippines through Yempo Solutions offers a cost-effective, flexible, and high-quality alternative to traditional hiring. By embracing outsourcing accounting services, offshore IT, and outsourcing IT services, businesses can not only survive but thrive in an increasingly complex economic landscape.
Discover how Yempo Solutions can help you transform your operations through outsourcing IT and accounting to the Philippines.
To discuss your goals, please contact us. Or explore fixing your talent challenges directly and book a 15-30 minute chat with Michelle.
