How does outsourcing reduce costs and save money?
For many business owners, there aren’t enough hours in the day. The reality is if they want to grow their business, they need to increase their resourcing. However, labour costs can be prohibitively high.
More employees may also mean the need for a bigger office space, more IT equipment and other associated overheads, which will increase fixed costs. Even if you consider remote work, there may still be a need to invest in data security measures or provide technology to facilitate a work-from-home model. These additional staffing costs can be crippling and quickly outweigh the increased sales or revenue that having additional employees may generate.
Outsourcing allows additional work to be completed, at significantly reduced costs, especially when outsourcing offshore to a lower cost economy, such as the Philippines, where employment costs are up to 70% less. Hiring new staff is an expensive process.
Beepo’s outsourcing model takes care of all these costs including recruitment, human resources, new office equipment, superannuation, payroll tax, workers compensation, IT and overall management supervision. Apart from the engagement costs, you would only be sacrificing your time to train your new employees, which is a long-term investment for your business.