Outsourcing vs. Hiring an in-house
Top Reasons Why Outsourcing is Cheaper
1. Outsourcing eliminates recruitment/training costs
Outsourcing eliminates the need to spend money on job advertisements/listings and career fairs. Aside from not having to train newly hired employees, outsourcing allows you to select from a pool of highly skilled candidates who are ready to begin working for you at any time.
In some cases, a company will look for a candidate who has specific qualifications. All that remains is for you to attend the virtual interview and select the candidate whom you believe will best meet your needs.
2. Reduces your operational cost
When you outsource, you don’t have to provide a working space, furniture, computers, and other office supplies, or pay for a software subscription. The outsourced employee will already have his/her own equipment or will be provided by the outsourcing company on your behalf.
3. Lower Payroll Cost
Outsourcing costs are marginally cheaper because of the set-up and location of the employees. When compared to the cost of hiring in-house in the United States, the cost of outsourcing in developing countries such as the Philippines is significantly lower due to the country’s lower labor cost Asides that, payroll cost is cut-down because you won’t have to pay for other costs, such as taxes, mandated benefits, local employment fees, etc.
Here are some of the commonly outsourced jobs in the Philippines and their associated costs.
Note: This is only the average salary range per month. Exact pay will depend on the candidate’s skills and years of experience
As you can see, outsourcing is only half the cost of hiring an in-house employee. It is not only the lesser cost that drives businesses and startups to outsource; it also provides them with:
How To Find The Right Executive Assistant For You?
Once you’ve decided to outsource an executive assistant, the next thing in mind is how to find one. To find the right assistant that will fit you and your business needs, important things to consider are their personality and skillset. Here’s why:
Access to a large pool of talents that are not locally available
Immediate support when needed (via the outsourcing company)
Increase in business output
Ensures faster project turnaround time
Allows them to concentrate more on their core business
Outsourcing is a business solution that helps the company achieve its business goals in an efficient way and at a lesser cost. When a company outsources its business activities, it will allow them to concentrate more on its core business.
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If you want more information on the pricing structure and how outsourcing can save you money, you can reach out to us at marketing@032outsourcing.com
