Reliable and trustworthy access to the global workforce isn’t just for big companies in established industries. Small businesses can benefit from offshore staff in several ways.
Outsourcing certain tasks and services can save money, help you scale quickly, and improve productivity.
Not to mention give you more time to focus on running your business, rather than your business running you.
Every small business owner can benefit from more time.
Let’s take a deeper dive into the benefits of offshoring for small businesses.
High-quality candidates beyond your local market
Small businesses have a difficult time finding the right talent due to a lack of resources, limited time, and a small local talent pool.
A recent poll taken by the US Chamber of Commerce found that nearly 50% of small businesses were having difficulties finding hires with the skills needed.
Working with offshore staffing providers opens up a much larger talent pool which increases the chance of finding high-quality candidates.
There’s a misconception that offshore talent will not meet the performance standards of your in-house team.
It’s actually quite the opposite. Companies have been outsourcing to countries like India and the Philippines for decades and over that time have built large communities of highly skilled talent.
Being part of the outsourcing industry is a desirable career path, so business owners are often surprised at the level of education and experience on their offshore team.
This doesn’t mean you need to replace your whole in-house team with offshore talent, quite the opposite.
By outsourcing specific tasks and functions you free up your in-house team to be more productive.
They will probably be happier, too.
Reduce overhead costs with offshore staff
Cost savings are often the driving reason to outsource.
Salaries and the cost of living in other countries can be much less resulting in lower payroll costs compared to hiring for the same tasks in-house.
We’ve had clients’ payroll costs reduced by as much as 60% in some cases.
It’s not just about cost savings in payroll. Hiring an in-house team also includes many indirect costs like facilities expenses, furniture, IT- the list goes on and on.
Offshore outsourcing service providers will employ the staff directly and manage HR, payroll, IT, facilities, and benefits overhead resulting in additional savings.
Focus on core business
Who doesn’t want more time to focus on what’s important?
Small businesses can benefit from offshore staff in several ways but being freed up to focus on the core business is often the most beneficial.
Anyone that has started a business understands how many hats you end up wearing day-to-day.
Business owners often end up spending more time on non-core functions than tasks that will actually help grow the business.
This additional time enables in-house staff to focus more on critical tasks resulting in increased productivity and efficiencies.
Scale quickly with offshore talent
A company’s ability to grow often hinges on the scalability of its operations, but recruiting and hiring new employees is a timing-consuming and expensive process.
Smaller companies and startups just don’t have the bandwidth to recruit talent and it can often seem like a burden.
This is another area where offshoring shines brightly as businesses can rapidly ramp up (or down) their offshore staff as needed.
Offshore service providers are constantly engaging a large pool of talent so that they can quickly service client needs.
Depending on the job requirements, positions can often be filled in a matter of weeks.
24/7 Availability
Some consider different time zones a challenge when considering overseas staff.
The reality is that for outsourced staff In India, the work day finishes when the US work day begins.
Some businesses could benefit from processing the previous day’s work overnight to set up the business for the next day.
Outsource providers typically offer 24/7 availability.
Having flexibility in the offshore team’s work hours gives small business owners the ability to be more creative with how their teams work together.
The result is higher productivity and improved customer service.
More Control
Traditional offshore outsourcing models are typically a hands-off approach where the client doesn’t have a lot of control over the process and end result delivered.
New generation outsourcing partners like Forma, use a managed operations approach.
We recruit and hire the team and take care of IT, facilities, HR, Payroll, and labor laws.
Unlike traditional models, our clients have full control over their dedicated team with our support.
Our clients get the benefits of offshoring with all the control of having an in-house team.
Bottom line
Hiring offshore staff can be an effective way for small businesses to scale their operations strategically.
Using a reputable staffing provider like Forma which specializes in cost-effective custom offshore solutions empowers entrepreneurs to reach their full potential.
Discover how offshore staff can benefit your small business- contact us today!
