Covid-19 has disrupted virtually every industry worldwide, and businesses have had to scramble for short-term solutions in order to continue operations. But surviving in the long-term is the real challenge that we face now.
How long will the pandemic last before business savings and assets are exhausted? And in what ways can we thrive through this period and beyond?
In this article, we offer you the offshore outsourcing solution to continued business growth despite the current situation. You can outsource pretty much any business function you need help with, from repetitive administrative tasks to expert support and solutions. Here are the advantages you gain when you obtain the services of an outsourcing provider offshore:
Reduced Labor Costs:
Salary can consume up to 30% of revenue. When you offshore to top destinations like the Philippines, you obtain qualified staff for a fraction of the price. For example, an American software engineer gets paid an average of $105,000 per year, whereas a software engineer in the Philippines earns around $9000 annually. Imagine the savings you gain from employing more offshore staff!
Reduced Capital and Operating Expenses:
Because the Philippines has been in the BPO industry for almost 3 decades now, outsource providers have the latest software and technology… which means that you won’t have to shell out investments in such. Outsourcing your IT needs alone can save you up to 31% in operating expenses. Additionally, you’ll have fewer onsite workers, which reduces rent and utilities expenses.
Stable Supply of Workers:
Because the outsourcing industry is one of the top economic drivers of the Philippines, outsourced operations are allowed to continue in the country. Philippine call centers have made ways to operate under safety guidelines. Employees are provided by these contact centers with private transport and housing to continue work while adhering to health and safety measures.
Access to Expertise:
Outsource providers have a large pool of available talent, which means that they can provide experts dedicated to specific business functions, depending on what a client company needs. This type of dedication creates the most efficient results.
Companies can choose to hire as many or as little outsourced staff as they need, since outsourcing offers flexible work contracts. And during uncertain times, this kind of scalability offers a sense of business security in the way of continued operations, whether you need to upgrade or downgrade.
Core Task Focus:
With a rapidly changing business environment and consumer behaviors, it’s imperative to be able to focus on core business strategies toward growth. Outsourcing your repetitive business functions such as back office tasks allows you to focus on those strategies to keep a competitive edge.
Through the pandemic, offshore outsourcing has provided a lifeline for businesses large and small to continue thriving. It is today’s answer to long-term business survival because of its ability to offer services through advanced technologies that counter physical limitations. Its ability to provide cost reduction in many areas of business allows companies to make the most efficient use of their resources.
For reliable and expert outsourcing in the Philippines, you may get in touch with us at Ezy Outsourcing Hub. We assure you, we have the solutions you need to keep your business growing and thriving, even through these volatile times.