There’s been a significant uptick in demand in recent months for outsourced workers as opposed to the more traditional route of hiring in-house employees. This trend is likely a result of the ‘Great Resignation’ and a newly remote-first workplace standard, largely driven by the COVID-19 pandemic. Employers that once considered a remote work culture unfeasible began to realize the cost and efficiency benefits of working from home. Similarly, organizations that had always hired and trained in-house employees began to recognize the many benefits to offshore outsourcing, including boosts to productivity and company growth.
But there are risks associated with hiring outsourced workers, especially if you’re doing it yourself. Outsourcing, when done wrong, can be exceedingly expensive and time consuming. At Extend Your Team, we’ve often worked with clients that have tried offshoring on their own, and been burned by their experience, so much so that they had almost sworn it off altogether. Thankfully, Extend Your Team’s full-service recruiting and offshore outsourcing services enabled them to save thousands of dollars and hire top-notch outsourced workers in record timing.
Save Time & Money
When hiring through an app like Fivver or LinkedIn, hiring timelines can be anywhere from 10 to 60 days. Finding a good employee can take months or even years, depending on your requirements, and this time translates into hundreds of hours spent reviewing resumes and interviewing. But the costs don’t end there. You also have to include job platform service fees, background check costs, and other expenses that can easily add up. According to ADP, on average, hiring a new employee costs $4,100. And that number doesn’t include the costs associated with training, which can add up to six months of compensation in direct and indirect costs.
With a full-service offshore outsourcing partner, the time and costs associated with the recruiting process are significantly reduced. Extend Your Team leverages a team of Filipino recruiters and employees with vast networks in the Philippines that enable them to attract the top Filipino talent in record timing.
Eliminate Risk
Perhaps the biggest concern with offshore outsourcing is the perceived lower quality often associated with outsourced talent. Studies have shown that the average cost of a bad hiring decision is about 30% of the position’s salary. That’s a huge loss for your business, and 74% of employers admit they’ve hired the wrong employee at least once.
The risk of hiring the wrong person is especially high when you attempt to outsource on your own. As previously mentioned, the hiring process can be expensive and time-consuming, especially if you don’t have a seamless human resources process in place. Without the bandwidth, vetting experience, or recruitment knowledge to make a smart decision, you risk hiring an unqualified, poor-quality employee that doesn’t meet your unique business needs.
With Extend Your Team as your offshore outsourcing partner, you can rest assured that you’re gaining the most qualified candidates for the role. We’ve built a network of 300+ highly skilled Filipino outsourced workers, and this network continues to expand daily as we add best-in-class talent to our ranks through our rigorous recruiting and screening process.
Reduce Churn
In addition to taking on risk, hiring outsourced workers on your own leaves you without a safety net if those employees choose to leave. In the era of the Great Resignation, it’s critical to prioritize minimizing employee churn. As we’ve discussed, the costs of losing and replacing an employee can equate to 30% or more of the employee’s salary. And, unfortunately, 80% of employee turnover is the result of poor hiring decisions.
Extend Your Team’s highly efficient five-step recruitment process includes working with you to understand your unique business needs, handling the entire hiring process front-to-back to find your ideal candidate, and supporting the offshore employee after they’ve joined your staff. Every Extend Your Team partner receives an Account Manager to ensure the new team member is meeting expectations and fulfilling requirements.
Outsourced employee satisfaction equates to less employee churn, which means more money in your pocket and less time spent recruiting (again). And if for some reason your new employee isn’t working out or decides to move on, our team has the resources and network to handle the replacement process efficiently and ensure you’re back on track with a qualified worker as soon as possible.
***
Extend Your Team was founded by business leaders who recognize the power of remote staffing and outsourcing when done right. We’ve built an exceptional offshore workforce that has helped hundreds of organizations build successful remote teams. Through our five-step process, we work to understand your unique business needs and curate a qualified list of top candidates, reducing the time, costs, and risks associated with the hiring process. Then, we provide ongoing support to ensure your expectations are fulfilled.
If you’re looking to build or expand your business with highly-skilled outsourced workers, schedule a free consultation with Extend Your Team to learn more about our approach and talent pool.