After the recent global recession, cost-cutting has become necessary for survival of corporate houses. Unfortunately, the brunt of reduction of excess expenditure has been employees, with large companies firing surplus resources. However, this is far from the ideal solution, instead is a horrible blow to team spirit and employee psyche in general.
Then, what is the solution?
What these companies are now opting for – keeping the home team small and outsourcing the excess baggage.
If you are running a small/large IT firm and want to reduce operational costs, consider offshore staffing. Look for part-time employee hiring. Choose to outsource your projects for the same quality output at less prices. Offshore staffing is a hassle-free process; all you need to do is contact the service provider, discuss your projects with him, select your team, sign a contract and get the work on board.
Outsourcing is far more beneficial for your business because:
It Reduces Home Cost- A permanent employee will command a hefty pay-package and solicit appraisals, including additional benefits. An overseas employee charges you only for the work he does, not to mention, a ridiculously subsidized rate.
Valuable During Economic Slowdown- This is one of the biggest benefits of outsourcing. Consider the time when there are few projects and yet, an employee has to be paid his full salary. For one $1000 earned, you pay an employee his due of $1500. Where does the extra $500 come from? More importantly, why pay when you can, in fact, invest $700 on an offshore firm and profit $300 from outsourcing?
Ensures Quick Project Completion- A freelancer is not an alternative to offshoring. Offshore providers work as a team. Most times, these are small, but established companies providing services for outsourced projects. They have the resources – hard and soft, and the infrastructure to take care of your needs. Compared to a freelancer(s), you can be sure that project requirements will be met and within the time frame you have appointed. Besides, with services under one roof, it saves you time and effort to appoint individuals to take care of your project, part-by-part.
So, is offshore staffing a spot of green for home companies?
Yes. It is!
If you believe in maximum ROI (return on investment) offshoring is your way to go.