As technology continues to advance, we will continue to see a trend towards global talent acquisition. Companies around the world have realized that it’s time to open their doors and hire people around the world. This gives them access to skilled professionals with the ability to get the job done without hurting their HR budget or productivity.
But what will happen in the coming years? Is offshore staffing here to stay? Let’s dive into the world of offshore staffing, the trends, and the power of technology that is shaping its future.
Offshore Staffing is the Future of Talent Acquisition
We live in the age of digital transformation. A process that began in 2000 and has reshaped the way various industries operate while improving their cost efficiency, innovation, and competitiveness.
Today, we see that most business leaders have made digital transformation one of their top priorities, as it has proven to have a direct impact on every single aspect of their daily operations. A key part of this process is the emergence of new technologies that foster a more connected and innovative workforce.
While all of these technological changes are taking place, companies are also struggling to find skilled talent to help them increase productivity and deliver results faster and better. In short, industries are experiencing a talent shortage that’s here to stay, with no end in sight.
This is where offshore staffing comes in.
It’s the perfect marriage between companies’ need to find better-educated talent and the technological advances that make remote work possible. It’s the way out of our nation’s talent shortage and the way to build a resilient, diverse, and dynamic workforce.
Either way, offshoring has quickly become the future of work. By 2020, companies will be shifting their operations to different countries with lower labor costs as a way to reduce business expenses and maximize profits.
Key Benefits of Offshore Staffing
At Superior CS Group, we have years of experience helping companies find and hire specialized talent around the world. This has allowed us to see first-hand the great benefits that offshore staffing brings to organizations. Here is a quick summary of our key learnings.
Your offshore team is an extension of your organization
Many business owners and managers fear that working with offshore talent means they have no control over their work and how they spend their time. But the truth is, while you can’t walk around the office and monitor what they’re doing, there are many different ways you can understand if they’re doing what they’re supposed to be doing.
For starters, tools like HubStaff allow you to monitor their time. It provides you with screenshots of their work, their idle time, their active time, and more. Second, regular meetings will help you communicate with them and understand if they are struggling to meet their goals or if they are on track.
As a business owner, you need to learn to trust your employees, whether they are in the office or working abroad. And you need to internalize that they are all part of the same organization, working toward the same goals.
Each of these people will bring expertise, experience, and a different perspective to your challenges. It’s your job to let them get to work and deliver tangible results.
Hiring offshore teams gives you access to highly skilled professionals at a lower cost
Hiring people offshore not only gives you access to a larger talent pool but at a lower cost. Think about it for a moment. Say you’re looking to hire a project manager. By contacting an offshore staffing agency and asking them to help you find the best candidate to fill this position, you can save up to 40% on payroll. The hourly rate between someone in the United States and someone in Colombia or Venezuela can be so different. Yet you are getting someone who is likely more experienced, with the right training and tools to do the job.
For your next job opening, consider hiring someone from abroad. Not only will you save a lot of money on personnel costs, but you can also save on office space, supplies, and more.
Allows you to focus on your core business
Adding offshore-trained professionals to your staff allows you to free yourself from repetitive tasks and focus on the core areas of your business. In fact, in today’s world, you can run a successful business while having employees in different parts of the world.
But for this to work, you need to find the right talent. We always recommend that you move away from posting jobs on LinkedIn and work with a specialist offshore recruitment agency. Not only do they have a database of professionals, but they also have an established process for screening candidates and presenting only those who meet your criteria and match your company values.
Hiring offshore staff is more than just adding people from abroad to your team. It’s a process of identifying the best-fit candidates with the time commitment and English level to do the job right.
Offshore Staffing is Here to Stay
Companies that have hired offshore employees have all seen the benefits of this practice. However, it’s important to note that it has its challenges. It has to be done right to work. But it’s a proven way to surf the talent shortages the U.S. has seen in all industries, have access to a highly skilled workforce, and increase productivity without hurting your budget.
We live in an ever-changing economy, so to survive you need to learn to adapt. Hiring offshore is just one proven way to do this.