A common obstacle in scaling a company is expanding its workforce but offshoring is a convenient solution
Key takeaways:
- Offshoring involves hiring workers or service providers in other locations to meet specific business needs and/or save expenses.
- It can help you scale your business quickly and effectively.
- It saves you time and money over traditional hiring processes.
- Companies tend to over-hire when trying to scale but offshoring can mitigate this problem.
- You’ll have access to global talent via this practice and specialized skill sets that might not be available through your in-house team.
Scaling a business involves risk but offshoring provides a streamlined and convenient alternative to traditional hiring methods.
Offshoring involves utilizing talent from a separate location from your office, such as manufacturing a product in another country to sell in the U.S. or the U.K.
Offshoring is not just about manufacturing, though. Companies can choose to use it for a number of administrative tasks and job functions – everything from customer service to data entry to digital marketing.
Many businesses look to it to save on operational costs. Hiring employees in other cities can reduce the overhead expenses involved in hiring someone in-house. The cost of living is often less expensive in the hiring country and therefore businesses can offer lucrative salaries while boosting their bottom line.
Another reason a business might consider offshoring is to secure global talent. Sometimes, the local talent pool doesn’t offer the unique skill sets required for a certain task, and exploring options beyond hiring locally can help a company find exactly what they’re searching for. Whether you’re interested in saving costs, finding the right talent, or both, offshoring can help you scale your business easily and effectively.
How offshoring scales your business
Growing a business is no easy feat but offshoring can take away some of the headaches that come with expansion. Hiring in-house employees can be time-consuming and expensive whereas offshoring can save you hours and expenses.
Offshoring can help you grow your business in the following ways:
1. Save valuable time and money on the hiring process
Once you’ve decided to offshore, strongly consider working with a Business Process Outsourcing (BPO) firm. Some agencies specialize in certain functions like payroll and billing or customer service, making it even easier to find an organization that can meet your specific business needs. Your chosen firm should handle all aspects of the recruiting process on your behalf and present you with a few viable candidates, saving you countless hours of sifting through resumes and scheduling meetings/interviews.
2. Offshoring may prevent you from over-hiring
It can be tempting when growing a business to hire several employees at once. There’s often a fear that client demands won’t be met or that your current team won’t be able to handle the expanding workload. Hiring too many employees at once can create problems that stifle growth, however. Full-time employees need to have enough work to keep busy and will likely expect long-term job security.
With offshoring, you don’t need to worry about hiring too many or too few employees. You can begin by outsourcing certain tasks or job roles. Outsourcing various administrative functions can free up your current staff to take on a larger workload and solve more complex issues.
3. You’ll enjoy access to global talent
Sometimes it’s difficult for a company’s products and services to keep up with growing demand. When scaling your business, it’s important to make sure that whatever you’re selling can match the rate of growth. This is where global talent comes in. Your company may find itself in need of particular skill sets your current team doesn’t have or you may discover you need to save on manufacturing or development costs to profitably expand. Offshoring can help you meet your needs and goals easily and cost-effectively. An agency can recruit top global talent for the specific role you need or you might consider moving production and development to a different country to save costs.
The bottom line is that offshoring can help your business grow while bypassing the typical barriers to expansion. Expanding the workforce is a common problem when scaling but offshoring can help you build a global team without the hassles of in-house recruiting.
Offshoring with DOXA
Doxa7 gives local businesses access to global teams that can help them scale up. Built by entrepreneurs for entrepreneurs, we can help your company grow and save you time and money in the process. Our team of experts will deliver tailored solutions to meet your specific business offshoring needs. Contact us today to learn more.
