Uploaded on Jun 13, 2022
Readout this post, We will draw from our experience and talk through some of the myths and compare them to our reality.
Offshoring Myths: Busted
Offshoring
Myths: Busted
Offshoring has been a common practice in the business
world for a long time, but it's something that has
become accessible to smaller businesses in recent
years. There are plenty of passionate views as to why
people think it’s either a great idea, or a terrible
process. We’ve been working with offshore team
members for over 10 years and think that it’s
wonderful! … once you’ve got your processes nailed.
In this blog post, we will draw from our experience and
talk through some of the myths and compare them to
our reality.
Offshoring is unsafe - This is a common myth that has
been spread around by those who do not understand
the concept of offshoring. By outsourcing to an offshore
company, you can be assured that your data and
information will be safe from hackers as it isn’t stored in
one place. There are many MS office setups that can
help you implement higher security for your data.
Offshoring hurts local jobs - This type of thinking is old-
fashioned and doesn’t consider the global economy.
Offshoring creates jobs as it grows the economy. It
helps business reduce costs and attain greater
disposable income to grow and intern create more
onshore jobs.
Offshoring is too expensive - This may have been true
in the past, but offshoring has become more affordable
over time. You can now get high-quality work done at a
fraction of the cost. There are several websites that
help you connect with outsourcing companies. These
companies already have the infrastructure and talent
pool set up.
Offshoring is not scalable - This myth has been used by
some companies to discourage offshoring, but it really
isn’t true. In fact, many outsourcing and offshoring
experts have stated that scaling your business with a
global team can help you grow faster than ever before.
Offshore workers are underpaid - This myth is often
used to discourage offshoring, but the truth is that an
average Indian/Philippine worker averages up to
$15/hour while an Australian worker average up to
$30/hour.
Offshore workers are unqualified - This myth has also
been debunked by experts who have stated that many
offshore companies employ highly educated and skilled
professionals. There are several controls in place that
ensures that the resources have globally recognised
qualification.
Only big businesses outsource - This myth is also
untrue. Small businesses can outsource and offshore
their work to get the same benefits as large businesses.
There are even dedicated freelance resources available
that are highly cost effective.
The only aim of outsourcing is to cut costs - You can
outsource to improve your processes, increase your
revenue, and scale your business. For several business
it’s easier to get technical expertise overseas and it’s a
big reason for outsourcing.
Outsourcing is not meant for small businesses - small
businesses can outsource their work just like large
enterprises. The only difference is that they will have a
smaller team compared to big companies with
dedicated teams focusing on each task individually.
Outsourcing is only for low-skilled work - This myth
has been debunked by many experts who have stated
that the type of work you outsource depends on your
goals and needs, not the skill level required to complete
a task. For highly technical works including IT support it
is a necessity to outsource.
By debunking these myths, we hope that you will be
encouraged to build your global team. We also manage
a team of offshore bookkeepers that help us provide
excellent service to our portfolio of over 200 businesses
Australia-wide. Contact us today for more information
about our outsourced offshore bookkeeping services.
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