[vc_row][vc_column][vc_single_image image=”9897″ img_size=”full” alignment=”center”][vc_column_text]While businesses closed all over the world, the major impact on employment is the abundance of jobs lost. Our economy is composed of businesses that range from personal care services, retail, restaurants, hotels, and large events to name a few. Money didn’t flow in their bank accounts for several months. A decision to lay off employees is the first answer to cut the losses.
While the economy slowly regains its strength and companies get back on their feet again, one area that can serve as a solution to stop the bleeding is to outsource office support that can be performed remotely. As employees quickly adjusted to work from home, many executives recognized that there are various jobs that can be completed while working offsite. This opened new doors for outsourcing or offshoring. MCVO Talent Resource Services can offer a solution and help transition your workforce into an outsourced location.
What is the economic benefit of offshoring?
As is commonly realized, the leading motivation for offshoring is that it reduces labor costs. There are very large differences in the wages paid for equivalent skills between the U.S. and developing countries such as India and the Philippines.
For example:
An average salary of a Sr. Accountant (not a CPA) earns $70,000. But, with taxes and benefits, companies pay a total of about $87,000. The same job of a Sr. Accountant in the Philippines averages about $25,000 all-inclusive cost. A large savings of 70% labor cost.
MCVO Talent Resource Services can be an interim (or permanent) solution to your needs to reduce operating labor costs until your company gets back on track.[/vc_column_text][/vc_column][/vc_row]
