Control Your Cost
Cost control is one of the notable benefits of offshore outsourcing
Partner with the right offshore outsourcing company to improve your cash position. A company’s effectiveness, efficiency, and cost management should always be priorities for any business.
Four ways you can reduce your staffing costs by taking advantage of offshoring benefits.
Offshoring can reduce your staff turnover
It costs a lot to find, hire, and train a new employee and the more frequently you do it, the more it is going to cost you. Here are some of our offshoring strategies to reduce your employee turnover:
- We have a comprehensive recruitment process
- We offer competitive compensation
- We provide opportunities for advancement
- We monitor employee motivation and engagement
- We understand the reasons for staff turnover
- We offer a healthy work-life balance
Retaining long-term staff not only saves costs, but their accumulated experience in your business significantly boosts efficiency and productivity. Prioritize recruiting high-quality employees and tailor your incentives and benefits to align with what is most important to your team. This approach is key to maintaining their happiness and engagement.
Offshore outsourcing can improve your business workflows
Are you interested in improving your business workflows and gaining a competitive advantage? We can help! Our services provide access to top-tier talent at a fraction of the usual cost. We specialize in project management, software engineering, and design services, enabling businesses to optimize their resources, maximize their profits, and achieve greater success. Our team of experts has helped hundreds of clients streamline their processes and increase efficiency. Discover the value of offshoring with us today!
Inefficiency wastes time and money, which are two of the most important resources for a business, and such problems are often caused by bottlenecks, disorganized processes, and a lack of structure. At Intogreat, we will help you to meet with your staff to see where the biggest issues lie and then review your processes and workflow with them. Not only will this deliver significant savings, but it will also increase staff productivity and efficiency.
Offshore outsourcing can automate some of your processes to focus on high-priority tasks
We live and work in a technological world where intelligent tools are constantly being created to make life easier. There are now software applications you can utilize to handle almost everything from accounting and marketing to customer service.
This does not mean that you will replace your employees with these applications, but they can benefit from them by streamlining their workflows, thus giving them more time to work on high-priority tasks. This in turn will increase their productivity.
Work from home more often and reduce office space
Another big expense for small- and medium-sized businesses is rent, and if it is possible to transition to remote workspaces to save rent then you should certainly give it serious consideration. You do not have to transition all your staff, but you have the option of redeploying some of them, thus allowing you to occupy a smaller office space and pay less rent—which is another advantage of offshoring.
Flexible work options also improve staffing issues like retention and turnover because they provide your people with an improved work-life balance, which will also help to attract top talents.
Aside from cost savings, SMEs can also improve their productivity in several ways if they take tasks and responsibilities offshore that would otherwise be devouring valuable time, such as basic administration jobs. They can laser-focus on their clients, and cost savings can be allotted to business development programs in need of funding. They can also transfer tasks and projects that require higher and more technical competencies without compromising budgets.
Sample cost computation for US and PH
| ACCOUNTANT in US | Annual in USD | ACCOUNTANT in PH | Annual in USD |
|---|---|---|---|
| Salary | $62,000 | Salary | $21,000 |
|
Government Mandated Benefits (Social Security, Medical Care, Home Development Fund, Health Insurance, 13th month pay) |
$3,550 | ||
| Total Salary & Wages | $62,000 | Total Salary & Wages | $24,550 |
Offshore outsourcing might just be the answer to all your labor shortage and cost challenges because:
With the right offshoring partner, you can hire highly qualified offshore staff to plug your human resource gaps, while saving costs on salaries, wages, and office space.
Doing away with physical office space will not only save you money on rent bills, power, and water charges but you will not be buying any IT equipment either—so alleviating the impact of inflation on your operating costs.
When you plan your staff capacity with your offshoring partner you don’t have to worry about having insufficient numbers to support the business.
There are no compliance worries surrounding staff as they are not legally yours.
Consider what will work for your business and strategize how to meet your human resource needs with the right offshoring partner to help you fill the labor gap and slash your expenditure. These tips might just set you on the road to sustained, pain-free business growth and increased revenue without requiring much hands-on action from you.
Roles we offer for your insurance business
FAQs
What should I know about offshoring and outsourcing?
One similarity shared by both outsourcing and offshoring companies is the employment of highly skilled and qualified staff to fill roles within a separate business or for another client, and it is a service that can be performed anywhere in the world. These two models have their own advantages and disadvantages: Outsourcing means that work can be done locally by another company or overseas. As for offshoring, work is done by a worker employed in another country.
In relation to staffing, the offshoring model will give you an opportunity to select your own suitably qualified staff based on your job description. This workforce will be dedicated solely to your operations and will work to and follow your processes and procedures. You will also have direct control over the people you select in terms of their performance and salaries.
Outsourcing operations are broadly similar but resource is only leased to you. Staff are placed by your provider based on the qualifications and skills to perform the outsource work. The outsourcing company manage staff performance and productivity to ensure that agreed client service requirements are met.
In an outsourcing model, the provider will use their own systems, they are the experts, they will take ownership. The provider owns the processes and procedures and they deliver an output – they take the work as that is where they have expertise. An offshoring model will use whatever system, process, and procedure you have in operation, thus making set-up and transition easier.
What marks out Intogreat from other offshoring and outsourcing companies?
Intogreat establishes strong connections between people, processes, administration, communications, and the client. This holistic approach ensures easy, rewarding, and seamless offshoring for our clients. Offshoring and outsourcing require more than just recruiting resources and setting up a team overseas. Our service provides end-to-end project management to seamlessly migrate your processes offshore, and dedicated leaders who are experts in their fields to oversee your offshore operations, ensuring that your offshore team performs to your expectations. Successful offshoring operations are about creating strong and collaborative connections between the head office (onshore) and your teams offshore.
What are the benefits of offshoring and outsourcing with Intogreat?
• Low start-up cost
• Control over your business operations
• Speed in setting up the offshore team
• Premium process efficiency
• High flexibility
• Focus on customer experience
• Big cost savings
• Elevated capability uplift
• Over 70 years’ combined experience
The highly skilled and seasoned team at Intogreat work in partnership with clients from small- and medium-sized businesses to create and deliver optimum business solutions. We work closely with our customers to gauge their business needs and provide the best offshoring resources in a timely fashion.
Is your data safe?
Data security is one of Intogreat’s top priorities. We provide strict security protocols in our network infrastructure and operations:
• IT tools + data privacy security management by an ISO-accredited IT provider. Intogreat is also an ISO 27001:2013 certified company and has an in-house IT network and data security team.
• No mobile phones/gadgets policy within workstations.
• Paperless daily operations and remote desktop access. For example, with Citrix, Practice Protect, Ready Secure, etc.)
• Implementation of website blocking policies.
• Secured data endpoints guarded by an endpoint detection and response solutions provider.
Intogreat’s business preparation service ensures that our client’s offshore staff have access to all the necessary IT tools to perform their daily tasks efficiently. Intogreat’s management team also guarantee our clients’ data privacy by implementing data security procedures and data security risk mitigation within offshore business operations.
Does the Filipino workforce have good written and verbal English language communication skills?
From primary school to university in the Philippines, students are taught English as their second language after Filipino. They are trained to understand and speak English extensively, so graduates are fluent. At Intogreat, most of our offshore staff are university graduates, which means they are proficient in English literacy and possess cognitive and communication skills. We also measure this through our rigorous recruitment process, which involves:
• A series of interviews to establish the applicant’s excellence in English communication skills.
• An aptitude test to assess the logical reasoning and English proficiency of applicants.
• Client interviews of the candidates to gauge their skills and abilities.
How will Intogreat establish my offshore team without affecting the quality and efficiency of my business?
The team at Intogreat will help you ensure and establish:
• Your processes, procedures, tools, and systems.
• SMART KPIs for your offshore staff members.
• A dedicated team manager with technical expertise to ensure productivity, constant performance reporting, and technical support for your staff.
• Implementation of measures to increase productivity.