COVID-19 has had widespread implications and drastically affected businesses regardless of type and size. The COVID-19 paralyzed the global economy at one point in time, however, the general outlook towards offshore staffing among employers and businesses has significantly improved as a result of the pandemic.
Offshore outsourcing becomes more relevant than ever!
A lot of businesses are increasingly turning to offshore staffing outsourcing to deal with the impact of COVID-19 on offshore companies. According to a survey, 6.2% of firms had chosen offshore staffing before the pandemic struck, however, the number has increased to 41.3% as they emerge from the pandemic. One thing that’s common between Covid-19 and offshoring is that both are here to stay…
The offshoring and outsourcing sector are booming like never before. The pandemic has triggered businesses to look for cost savings and operational efficiencies while reconsidering employment norms to make it through. Offshoring can bring long-term benefits to the business and provides a fast and efficient way to bounce back as businesses start to recover from the pandemic. In the post-pandemic landscape, businesses are open up more toward automation and digitization of work processes, making offshore staffing even more relevant.
Remote working is the new norm
The COVID-19 pandemic has exhibited businesses that working remotely is a practical alternative to a localized office-based working system. Businesses are quickly realizing that offshore enrollment can save up to 70 percent on staffing costs while providing easy access to skillful global talent. Zoom conferences and better-quality audio-video connectivity & tools have revolutionized how we work and supported the rapid adoption of remote working in some conventional sectors and work areas like advertising, marketing, and IT service providers. The character of work had allowed offshore staff to work from home or any distant area even before the pandemic. It is not wrong to say that pandemic has simply pushed the already growing concept of remote working for the offshore staff.
Offshore outsourcing is countercyclical in nature and you can expect to see rise in demand during economic slumps and recessions. The acceptance of the idea of remote working and the continuous digitization of the modern-day offices are also promoting the growing shift towards offshore recruitment and a more globalized staff.
The pandemic has also contributed to changing the way most employers look in the direction of offshore staffing for work assignments. Businesses have become more flexible to deadlines and how they coordinate with offshoring partners to ensure business continuity and results are not compromised due to limitations brought in by the pandemic. Considering the advantages when it comes to time- and cost-efficient methods, employers are looking into investing in offshore staffing options for the foreseeable future.
Offshore staffing solutions: A strategic asset in a post-pandemic world
The offshoring industry will continue to expand and attract businesses into offshore staffing due to the following key factors:
- Offshoring ensures more productivity and efficiency with greater control over offshore operations, keeping businesses focused on their core areas.
- Working with offshore teams leads to fewer disruptions with business processes as they continue to function even when you are not working.
- Offshoring staffing creates access to specialized global talents looking for new job offers during the pandemic when lay-offs are high and many SMEs are shutting down due to financial crisis.
- Lower labor costs in offshore regions aid businesses get high-quality work done at lesser cost without the hassle of training or providing office equipment.
It’s time we let go of an outdated view of hiring offshore teams for cost optimization rather than dipping toes into global talent pools. Today, offshoring is about finding the skills and talent you can’t get at home rather than just about finding a price you couldn’t get onshore. And in these unprecedented times of the COVID-19 pandemic, offshoring is no longer a ‘norm’ but a necessity to survive and thrive for businesses.
While there are still some challenges to be faced, offshore staffing with a trusted partner like Virtual Employee can help alleviate issues to a great extent and take your business on board, creating high-value solutions that can help you not just during and in post-pandemic phases but also the long run. Outsource offshore staffing services to India to work with internationally certified professionals in any domain and grow your business without blowing your budget.