Leveraging Offshore Staffing: Rocket Fuel for Small Businesses?
If you're running a small businesses, it's likely that you are going to face unique challenges that will hinder your growth.? You've probably got a fantastic offering, you know your ICP inside out and the pipeline looks great - So what's the problem?
Don't get us wrong, having the best possible talent in your organisation at a local level is critical. There are plenty of roles that require the knowledge and skills of somebody with specific experience.? Not to mention roles that require face to face or 'on-site' interaction. But what about 'non-core' roles; we're guessing that you might be facing some of the following dilemmas?
Lets Delve In
Local Talent is Extremely Expensive
You just can't always justify the cost . Once you've factored onboarding, training IT costs etc, it not uncommon to have a bill that's twice the person's salary.
You can't attract the best hires
You know that you can offer a fantastic place to work and amazing benefits - but you just don't have the brand reach.? Big firms spend millions of dollars on advertising and have agencies focused on their employer brand - It's no surprise that everybody wants to have a 'Google' on their CV.? The truth is, even the best small companies struggle to compete for talent.
Cashflow Is Tight
Even if you're profitable, as the director of a small business, cash is king. After payroll tax, onboarding and benefits it's nearly impossible to spend reasonably on a good local hire. Feels like a big risk, right?
Performance and Retention
Signing and securing a great new hire is just the start. You'll need to train them, keep them motivated and provide them with a challenging and dynamic environment if you want them to stay.? It's not uncommon to hear of local hires being described as 'lazy' or 'hard to manage'. Rightly or wrongly, as a business leader you probably don't relish the idea of having to babysit your team.
Employment Risk
Once you're hiring staff you've got some fairly strict employment laws to think about. Many great companies don't reach their potential for this reason alone. Staying abreast of employment law is a full time job in itself - So you'll need to hire an HR Manager!
Why Offshore
We think that the challenges above can be seriously inhibiting for a small businesses, especially when hiring for roles which are not necessarily business critical.? We compiled a list of ideas which can help SMBs access even better talent offshore at a fraction of the cost.
Offshore Staffing Offers a Cost-Effective Solution
By providing access to skilled professionals at lower wage rates compared to hiring locally. We are finding that, on average our clients are saving around 60-70% vs a local equivalent, and this is often for a candidate with more experience.? In short, you can get the same candidate or better, for a fraction of the cost.
Access to Great Talent Pools
Small businesses often struggle to find and retain great people. Offshore staffing opens up avenues to access a diverse range of skills and expertise from specific 'talent pockets'. Whether it's graphic design, software development, or digital marketing, small businesses can find super folks with the specific skills they need to drive their business forward.? And the chances are the candidates will be highly motivated and a delight to work with.
Operational Flexibility
Having the ability to tap-in to diverse talent pools and get great candidates 'on-demand' is going to give you a competitive 'edge' on rival business.? With the right offshore partner, you'll be able to manage your own talent pools and access the right talent almost immediately.? Unlike using local contractors, you just pay for the work done.
Free-Up time for leadership
As a business owner, you're probably wearing multiple hats - from chasing invoices and managing accounts payable to running client workshops and making the tea.? Whilst having an 'Executive Assistant' can cost ridiculously extravagant, a Virtual Assistant, Book-keeper or Copywriter could save you many hours a week and lots in costs .
Culture and Diversity
Many of our clients have loved having a team based offshore with obvious benefits around diversity, new perspectives and a wider teams of people working together.? Beyond just having fun and getting to know each other, teams from different cultures are know to work more effectively and build stronger connections.
Summary
In short, if you are looking for dynamic and cost effective opportunities to grow your business, free up your time and add to your culture, offshore staffing is a great place to start.
At Qore , we bring valuable time back on your side to do more of what you love and what you are good at.
Experience the difference of an affordable, quality remote team member. Change the way you operate today !