The future of the build-operate-transfer model
Dane Vignjevic
Co-Founder @ Digitanity | Build-Operate-Transfer IT Recruitment / Employer of Record Services / Staffing
The global workforce outlook is expected to be positive in the coming years. Companies will continue to expand their operations and hire new employees. Those who can obtain the necessary skills and qualifications will be in a solid position to find employment.
Moreover, Companies need to consider which regions are cost-effective and have top tech talent before expanding their businesses. They also need to be able to attract that talent from these regions. The key to success in the global marketplace is to have a workforce that is knowledgeable about the latest trends and technologies and also has an agency that understands and supports them in this endeavor.
A growing trend in sourcing top talent is the build-operate-transfer model or "BOT." In this model, a company such as Digitanity will supply the backend infrastructure to a company, for recruitment, HR, legal, payroll, etc., and operate it for some time. After the team has matured, the company will transfer ownership to the client. This model allows companies to get their operations up and running quickly and efficiently while providing opportunities for the local workforce as well as not having a large upfront investment to do so.
It also allows companies to avoid the pitfalls of expanding their businesses into new markets. When done correctly, the BOT model can be a win-win for the company and the local workforce.
The global marketplace is constantly changing and evolving. To stay ahead of the competition, companies need to be able to adapt quickly, and BOT offers them a way to do just that.
Recruiting efforts can be costly, and the BOT model offers a way to control these costs.
Key advantages of BOT for companies:
领英推荐
The BOT model is not without its challenges. One of the challenges is finding the right partner to operate the backend services can be difficult. Several agencies specialize in this area, and companies need to do their due diligence to find the right one for their needs. Another challenge is that once the company transfers ownership of the backend services, it may no longer have control over how they are operated. This can be a risk if the new owners do not maintain the same standards and quality of service.
Despite these challenges, the BOT model offers many advantages that make it an attractive option for companies looking to expand their operations into new markets. Those who can overcome the challenges associated with this model will be well-positioned to succeed in the global marketplace.
Employee retention is another area overlooked in today's job market
Companies need to offer competitive salaries and benefits packages to retain top talent. They also need to create an environment conducive to employee satisfaction and growth. This includes providing opportunities for training and development and offering flexible working arrangements.
These and other areas are closely examined when our team at Digitanity engages with our clients to brainstorm and uncover needs to provide a solution tailored to their specific requirements.
Digitanity is a digital agency that helps companies expand their businesses into new markets. We offer a range of services, including build-operate-transfer (BOT) models, which can help companies reduce costs, quicker time to market, and avoid the pitfalls associated with expanding into new markets. If you're interested in learning more please schedule a time with our team here.