39 questions to ask any potential outsourcing provider to be able to drill down on their operations.
33 questions to ask any potential outsourcing provider to be able to drill down on their operations.
Key factors impacting the industry and the rising trend in outsourcing
33 questions to ask any potential outsourcing provider to be able to drill down on their operations.
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Save up to 70% on employment costs
Expert supportA reputable outsourced provider can help ensure your outsourced journey is optimised for success
Improve staff satisfactionIncrease employee satisfaction and decrease staff attrition rates
Business growthFoster sustainable business longevity by reinvesting into the growth of your business
Flexibility and availabilityHelp your business become more agile and flexible by opening up 24/7 availability
Access a global talent poolGive your business the ability to tap into a global talent pool to source candidates from anywhere in the world.
The financial services industry continues to navigate changing regulatory frameworks and the increasing need to monitor cybersecurity threats, while also embracing the technology required to meet customer expectations. Businesses need to identify strategies to keep up with these market changes while improving the quality of their service and achieving business growth.
On top of this, a current global talent shortage has left almost 69% of businesses1 with difficulty sourcing and retaining skilled talent. It’s fair to assume that employers might have their ‘pick of the bunch’ from a large pool of quality, skilled workers with global unemployment hitting well over the 200 million mark2. However, despite the sudden employment losses or financial turmoil experienced by employees during this time, there is research to suggest that applicants are now in control3, wanting more value-based benefits from potential employers rather than just financial gain.
Considering alternative resourcing strategies, like outsourcing, is a way finance businesses can open up to a global pool of quality talent and reap the following benefits:
TALK TO US
At Beepo, we offer support across a variety of finance functions, roles and tasks. Our professionals are tertiary qualified and have the capacity and willingness to work hard on delivering the outcomes you require. Identifying the tasks you want to send offshore can come with its challenges. Most organisations tend to outsource the back-office, process driven tasks - the tasks that usually consume a lot of time. However, we’re increasingly seeing many organisations looking to fill more complex and technical roles offshore.
We’ll find a team or an employee to support your business in whatever capacity you require.
There are an array of finance tasks you can outsource in your business including, but not limited to:
Choosing the wrong outsourcing provider can be detrimental to your success.
Selecting a provider with values that align with your business objectives is the ultimate goal. Doing so will ensure your outsourcing journey is nothing short of successful. How do you know you’re choosing the right outsourcing provider? Start by asking the right questions. These questions should drill into their operations so that you’re left with a thorough understanding of how they operate. Some of these questions may include:
This step is absolutely crucial in ensuring your outsourcing journey is a success. Remember, not all outsourcing providers are the same. They all have different protocols, facilities, T&Cs and contracts. Analyse, compare and choose the provider that resonates with your firm the most.
References:
1 ManpowerGroup Employment Outlook Survey Q3 2021
2 COVID crisis to push global unemployment over 200 million mark in 2022
3 COVID-19 and the employee experience: How leaders can seize the moment
At Beepo, we understand the hardships our clients face when it comes to dealing with ever-increasing labour costs and staff attrition. It’s why
we offer small, medium and large businesses a competitive advantage with outsourcing.
Supercharge your business for growth through outsourcing, speak to us today about a customised solution for your business.
At Beepo, we offer support across a variety of finance functions, roles and tasks. These include:
The financial services industry continues to navigate changing regulatory frameworks and the increasing need to monitor cybersecurity threats, while also embracing the technology required to meet customer expectations. Businesses need to identify strategies to keep up with these market changes while improving the quality of their service and achieving business growth. Considering alternative resourcing strategies, like outsourcing, is a way finance businesses can access a global pool of quality talent.
Businesses can benefit from the following by investing in outsourcing for finance:
Outsourcing for finance means your business sends finance tasks to a dedicated offshore team member(s) who is based outside of your business. For example, if you decide to outsource your finance tasks with Beepo, your team member would be based in our office in the Philippines.
This is completely dependent on the outsourcing provider you choose to partner with. 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.
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