The Benefits of Offshoring Your Non-core Business Functions

In today's hyper-competitive business world, businesses are always looking for strategies to gain a competitive edge. One strategy that has gained popularity in recent years is offshoring - moving some business functions to another country where labor is cheaper.

To get the gist of what offshoring is all about, it is the kind of strategy where you outsource certain operational roles to other companies overseas, such as the Philippines.?

As someone new to offshoring, you might be wondering, how is it possible? With the advancement of technology and globalization, it has become easier for businesses to outsource their work to other countries. This allows them to take advantage of the lower labor costs and higher skill levels available in other parts of the world. Furthermore, offshoring also helps companies to focus on their core competencies and free up resources for more strategic initiatives

In this article, we'll explore the benefits of offshoring your business functions in 2024 and why it could be a smart move for your company.

1. Cost saving

One of the benefits of the two business strategies is cost saving. For outsourcing, if you, for example, decide to outsource some of your business functions, you can reduce both your operating and labor costs, as you are not responsible for providing the infrastructure, equipment, and other staff necessary since the staff who will be working in your outsourced function is not yours officially, rather the third-party provider’s staff. On to offshoring, you are actually hiring full-time staff in a country that has lower labor costs to work solely for your business. The primary focus of this business strategy is to reduce labor costs and potentially lower operating costs.

2. Access to Talent

Every business puts great emphasis on finding the right staff for their business, as they are a crucial part of the organization. Not only because they are the driving force behind the day-to-day business operation, but also one of the most important assets that a business must have in order to gain a competitive advantage over its competitors. Outsourcing and offshoring both allow you to tap into a wider pool of talents not limited to your home country and with that, the potential for you to find and have the right workers with specialized skills and experience is much higher compared to just local hiring.?

3. Increased Efficiency

Delegating some of your business functions whether through outsourcing or offshoring, can help you to have more time to focus on your business’s core competencies. You can free up your resources and focus on planning how you can achieve your set business goals.

Guerilla Staffing Solutions is an innovative solution for your staffing needs.?

At Guerilla, we understand your business needs and curate solutions to help you streamline your operations and increase efficiency. We have a talented staff that is experienced in several industries and a wider pool of talents you can select if you decide to add more people to your team. Be rest assured that your full-time offshore staff will be working with you every business day onsite from our 1,000m2 facility. We provide managed operations recruitment, human resources, payroll, labor compliance, staff retention, performance management, facilities, technology, fast internet, and IT support so you don’t have to worry about unnecessary stuff.

Best of all, clients who work with Guerilla Staffing Solutions can save anywhere from 50% – 70% on their labor costs.

Related article: Different Types of Outsourcing