Everything You Need to Know About Offshore Staffing
Concerned about the rising costs in your business? Want to grow your business while potentially cutting expenses by up to 70%?
Enter offshore staffing – a way to hire top professionals from other countries by offering them full-time jobs. These experts can handle a variety of online tasks, from web design and graphic arts to bookkeeping and customer support.
We're staffing experts known for our handpicked network of the top 5% of remote talent. Over time, we've matched numerous businesses with these professionals, consistently achieving exceptional results.
In this article, we'll dive into the ins and outs of offshore staffing and guide you on how to nail it. Eager to see how offshore staffing can elevate your business? Let's get started!
What is Offshore Staffing?
Offshore staffing is a type of outsourcing. It’s when you hire employees from a different country than yours to work for your company. They may have a different culture and language from yours, but they may offer lower labor costs and higher skill levels. You can hire them directly or through offshore staffing companies, like MultiplyMii, that provide cost-effective offshore services.
It’s important to remember offshore staffing’s differences from other types of outsourcing, which are:
Onshore staffing
Onshore staffing is when you hire employees from the same country as yours. Basically, they are your local talents. They may work in your office or from home and are subject to the same labor laws and taxes as you.
For example, you have an accounting firm in California and want to grow your team. Instead of hiring people from other countries or distant places, choose onshore staffing.
This means you’ll hire employees who also live in California, where the company is based. This approach encourages real-time collaboration, face-to-face meetings, and alignment with the company's local business hours.
Nearshore staffing
Nearshore staffing, on the other hand, is when you hire employees from a neighboring country or a country that shares the same time zone as yours. They may have a similar culture and language as yours, but they may have different labor laws and taxes.
Nearshore staffing fills positions that could be filled with local workers but can be challenging because of the lack of talent.
For instance, the US Bureau of Labor Statistics has projected that in 2029, demand for developers will grow by 22%. Still, there aren’t enough qualified developers to fill the gap. The worldwide shortage of full-time software developers is expected to increase from 1.4 million in 2021 to 4.0 million in 2025.
So, now that you know what offshore staffing is, you can start gauging if it suits your business.
What Are the Benefits of Offshore Staffing?
By hiring offshore staff, you can enjoy many benefits for your business.
1. Avoid missing opportunities
Did you know that if you work 55 hours per week, it means you’re overworked? A study from the World Health Organization says this is considered a health hazard.
One of the biggest challenges of running a business is meeting the demands of your clients. Sometimes, you may have more work than you can handle. Other times, you may need a specific skill set you don’t have in your team.
Offshore staffing can help you fill in that gap and free your hands from the non-core processes of your business! With this strategy, you can deliver work on time and with quality. You won’t have to turn down any project or client because of a lack of resources or expertise. Instead, you can grow your business!
Just make sure to manage your offshore team wisely with the help of remote management and productivity tools.
2. Reduce fear of losing employees
Another challenge of running a business is retaining your employees.
Employees may leave a company for various reasons. It can be to seek better opportunities, get higher pay, address personal issues, or express dissatisfaction. But no matter the reason, when you lose an employee, you also lose their knowledge, skills, and experience. This can affect your productivity and quality of work.
Offshore staffing can help you reduce this risk. Some companies can provide you with a backup team that can take over the work just in case. Some offshore staffing firms can give you a replacement guarantee and assign a dedicated recruiter to help you all throughout the recruitment process.
3. Tap the top 5% talent
Offshore staff are usually highly qualified and experienced in their fields. They can provide you with quality work that meets your standards and expectations.
Moreover, if you hire through an offshore staffing company, they will also provide you with quality assurance and control services.
A good example is MultiplyMii. From our discovery call up until a candidate’s onboarding, we monitor the performance of the offshore staff and ensure that they are the perfect fit for your organization.
4. Offer something extra to your clients
Offshore staffing can also help you offer something extra to your clients. This can help give you an edge over your competitors.
For example, if you are a digital marketing company, you can offer graphic design services by hiring offshore graphic designers. This way, you can provide a complete package to your clients and increase their satisfaction and loyalty.
5. Hire offshore staff suiting your business cycle
One of the advantages of offshore staffing is that it is flexible and scalable.
You can hire offshore staff according to your business cycle and needs. Increase or decrease the number per the volume and complexity of work.
You can also opt to hire staff for short-term or long-term projects depending on your requirements. This way, you can optimize your costs and resources.
Avoid overstaffing or understaffing. Easily scale up or down with offshore staffing.
6. Increase profitability without extra efforts
Save on labor costs, overhead costs, infrastructure costs, training costs, and other expenses that come with hiring local staff! You can also increase your revenue by taking on more projects and offering more services to your clients.
Improve your efficiency and productivity by delegating non-core tasks to your offshore staff and focusing on core tasks yourself. All these factors can boost your bottom line and help you grow your business.
How Much Can You Save With Offshore Staffing?
The amount of money you can save with offshore staffing depends on various factors. The type of work, the skill level, the location, the duration, and the staffing company can contribute to how much it’ll cost you.
But to give you a general idea, here are some examples of how much you can save with offshore staffing compared to hiring local staff in the US.
There’s no fixed amount on how much you can save with offshore staffing. But for these roles alone, you can save up to 78% on labor costs.
These are just some examples of the potential savings you can achieve with offshore staffing. The actual savings may depend on the specific details of your project and the remote staffing company you choose.
Points To Remember While Choosing an Offshore Staffing Company
If you hire offshore staff through an offshore staffing company, you must be careful and choose a reliable and reputable one.
1. Core expertise
You need to make sure that they have experience and expertise in the type of work you want to hire for.
For example, if you want to hire a remote web developer, you need to choose an offshore staffing company with a portfolio of successful hires in web development. You must also check their technical skills and tools to see if they match your requirements.
2. Hiring strategy
The next thing you need to do is check their hiring strategy.
See how they source, vet, and evaluate their offshore staff. You need to ask about their recruitment process, qualification criteria, training programs, performance evaluation system, and retention rate. Don’t forget to check how they communicate with you and how they ensure their accountability should you be unhappy with their services.
3. Costing and services
The third thing you need to do is compare their costing and services. You need to see how much they charge for their offshore staffing services and the inclusions and exclusions.
Do they offer any discounts or packages for bulk or long-term projects? Are there any additional services they offer, such as payroll and administration?
4. Experience
How long have they been in the business, and how many clients have they served? Don’t be shy to ask for any testimonials or reviews from their previous or existing clients. You also need to see if they have any awards or certifications that prove their credibility and quality.
5. Reputation and reviews
The last thing you need to do is check their reputation and reviews. What are other people saying about them online and offline? Check for any positive or negative feedback from their clients or employees. See if they have any complaints or disputes with any authorities or organizations. This can give you some insights into how they will be to work with.
Offshore staffing is a great way to grow your business without increasing overhead costs. It can help you access a global talent pool and offer high-quality services to your clients. At the same time, it helps you save money, time, and effort and increase your profitability.
However, before hiring your offshore staff, you need to research and choose a trustworthy and professional staffing company that can provide you with the best offshore staffing solutions for your business.
Explore the Numerous Benefits of Offshore Staffing
Now, you've got the inside scoop on how offshore staffing works!
Whether you're looking to scale up, reduce costs, or access remote talent, offshore staffing offers a world of possibilities.
Explore it with MultiplyMii!
We’re not your average offshore staffing company. We have a track record of assisting more than 250 clients in finding the perfect fit for their needs.
Imagine having access to our pool of talented remote Filipino professionals, all vetted and ready to bring their A-game to your team.
So, if you're ready to take your business to the next level, let Multiplymii be your trusted partner on this exciting journey.
Say goodbye to staffing headaches and hello to a brighter, more efficient future.
Book a discovery call today to get started!
