Knowing When to Move Your Operations Overseas
Knowing what operations to ship overseas is as important – if not more – than knowing when to move abroad. How do you know when the time is right for outsourcing your jobs? Recognize these signposts so that you don’t move jobs in a hurry, or worse, for the wrong reasons at the wrong time.
When you find yourself spending too much time on tedious tasks that can be easily done by someone else
This scenario usually gets played out if you are a start-up trying to wear too many hats at the same time. You are the CEO, accountant, telecaller, data entry expert, and IT troubleshooter, all rolled into one. Unless you want to head for an early burn-out, this is the time to stop, and take a breath. Allow someone else to take over the tedious and repetitive tasks so that you can concentrate on the more critical processes of enhancing the profits for your business.
When you lack the technical know-how to execute certain crucial tasks
You may have great business acumen and you know just exactly where you wish to take your company in the next five years. However, you may not know the nitty-gritty involved in developing your website or creating those great animation videos. Learning a new technology not only would eat into your precious time and resources but may not even give the desired results. So, why not let experts in that field handle what is obviously critical to your business. They have spent years mastering their craft and can execute the work in far less time and more efficiently.
Despite your best efforts, you are unable to find the suitable talent locally
The Organisation for Economic Co-operation and Development (OECD) found shocking statistics in a major study it conducted recently. When it came to literacy and numeracy skills, England’s youth aged between16 and 24 were far behind their Asian and European counterparts. Similarly, countries like the UK, the US, and Australia are reeling under huge skill shortages. So, if you are unable to hire locally because the skills you want simply aren’t available, then job shipping is your best bet to fill that vacuum.
The local resources that you wish to hire are way beyond your budget
Given the huge currency differences between the West and the developing nations, it is not surprising to find that a software developer from India or the Philippines costs a fraction of what a similarly qualified professional would cost in the US or the UK. Since most companies in the West are battling a talent crunch, the ones that are available may be beyond the budget of the average start-up. But, job shipping immediately puts you within hiring reach of the best brains in the business – and at affordable costs.
You wish to expand your business and employee strength but without stretching your overheads
Expansion is the next logical step for any growing business. However, whether it is adding new employees or extra hardware and software, expansion brings with it its own set of expenses and increased overheads. Not to mention legal issues and mounds of paperwork. Hiring remote professionals who work from the well-maintained offices of reputed service providers is the most cost-effective way of expanding one’s business in these globally connected times.
So, if you find yourself agreeing to two or more of these situations, then, yes, this is the right time to send jobs abroad!