Costs Associated with hiring additional Staff
Investopedia estimates that costs associated with hiring a new employee can reach upwards of $70,000. With each new team member, you bring on you’ll need to not only pay a salary but also provide a benefits package that will attract the type of talent your company needs to be successful. On top of these major expenses, many companies also offer pensions, travel allowances and subsidies for their employees– and that’s only scratching the surface.
How does Outsourcing boost cost efficiency?
Outsourcing companies provide the employees that you need without the hassle of managing an in house team. When you make the decision to outsource a business process, the outsourcing company assumes all of these responsibilities. Your only responsibility to pay for the work completed.
When employing a local workforce, your company is responsible to monitor individual performance and address any issues as they arise. This requires an entire department in and of itself: human resources. Human resources will almost always be necessary for any company, but like any other department, their time and resources are valuable. When you choose to outsource, the human resources department at the outsourcing firm is responsible for its own employees. This leaves your local HR staff to focus on on-site issues.
Contracting your business processes to a third party firm boosts cost-efficiency and also comes with the added benefit of job flexibility among employees. For example, many small companies have alone accountant responsible for keeping the organization’s financial records. This is both expensive and incredibly risky. What would happen if something were to happen to the accountant and he or she is no longer available to assist with the record-keeping or retrieval? This would be quite a predicament. Outsourcing allows you to grow your business, boost cost efficiency, and develop a talented team of individuals at a much lower cost than employing the same number of local workers.
It’s common knowledge that those looking to outsource are wanting to reduce their labor costs. While this certainly can be achieved through outsourcing, you often get what you pay for. Telegenisys is a leader in the Business Process Outsourcing (BPO) field, offering a variety of back-office services to clients such as customer care, tech support, lead generation, and medical claims processing to name a few. We serve a global clientèle and quickly and efficiently incorporate ourselves into whatever task you need to run.
Regardless of the project, we here at Telegenisys work towards three core deliverables for your clients:
- Increased efficiency
- Reduced costs
- Provide a talented workforce
Increased Efficiency, Reduced Costs, Quality Talent
Inefficiencies in organizations can stem from a variety of sources. A lack of quality talent can make tasks take longer than they should and can reduce the quality of the deliverable. Companies can approach this one of two ways: use their resources to hire a talented local individual or use a lesser amount of resources to hire another talented employee to work remotely. At Telegenisys, we provide only the most talented agents to ensure your work is completed in a timely and accurate manner. We don’t cut corners on talent simply for the purpose of providing a lower quote. Experience the best of cost efficiency with affordable quality here at Telegenisys.