How can outsourcing help you save on costs?

Reducing costs can help organizations improve cash flow, become more profitable and support investment in business growth. Outsourcing has helped organizations to significantly lower these expenses without losing skills or impacting quality. The cost of outsourcing to hotspots such as the Philippines is much lower than wages in Western countries, making it possible to save up to 70% on employment costs for the same talent and quality of output.

How can outsourcing help you save on costs?

Outsourcing can also help you save on real estate and infrastructure costs. Next cost: office space and infrastructure. The more employees an organization has, the more space and equipment it requires. Quality outsourcing providers have their own workspaces and can supply the necessary equipment to their client’s offshore staff.

The very act of recruiting new employees costs money. Offshore providers are experts at cultivating and tapping into sizable talent pools. Outsourcing providers can also scale hiring activity up and down quickly and efficiently to match the needs of their clients.

How can outsourcing help you save on time?

The average time to hire for a vacant position is 42 days1, however, depending on the industry you operate in, it could vary from 14 days to two months.

Recruitment involves the cooperation of multiple departments to effectively hire a candidate, not to mention the time required to onboard train new employees. What about the time taken to keep employees motivated and engaged? This timely cost can tap into your HR department to establish job advertisements, your senior management to approve salary packages and your accounting or finance department to set up and maintain employee records.

How can outsourcing help you save on time?

Outsourcing with the right provider can save you time by handling these tasks. This in turn, ‘gives back time’ to your team and your employees to focus on tasks that are more strategic or growth-focused. Outsourcing can also offer your business the opportunity to facilitate 24/7 operations.

How can outsourcing help you save on resources?

All organizations have a shared common goal: to foster a productive working environment.  An average of 41% of employees spend much of their time handling discretionary activities that offer little personal satisfaction2.

Some studies say that the average employee is only productive for three hours a day, or an average of 12.5 hours per week3. The biggest barriers to productivity were related to tasks such as managing emails (16%), administrative tasks (11%) and wasteful meetings (10%).

Outsourcing with the right outsourcing provider can save on resources by taking care of these repetitive and tedious tasks. It means your teams can focus their time on the tasks that matter to them, increasing staff productivity and positively impacting your bottom line.

The average monthly salary in the Philippines is hard to determine due to the lack of a national minimum wage. However, based on our experience in the industry, the average salary of a Filipino can be up to 70% less than Western counterparts.

How can outsourcing help you save on resources?

Reference:
1 Recruitment metrics and accomplishments: A study with reference to information technology sector
2 Make Time for the Work That Matters
3 Working or wasting time?

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