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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.
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