It’s nearly February already! The first month of 2022 is over! Have you moved the needle for your business this month? This week we explore ideas and roles that have the potential to move the needle for your business
Save millions with offshore domain experts
Build a team of highly valuable experts, and you will save millions.
With offshore staff, people typically assume they are limited to low-caliber roles like call center agents and virtual assistants. But the Philippines is filled with highly-qualified domain experts – across any domain.
You can pick from Ph.D.s, MBAs, big data engineers, physicists, and even rocket scientists.
A top-notch employee could cost you $200,000++ per year in the US. Plus, if you add in the overhead costs of insurance, facilities, and taxes, the $200,000 becomes $300,000.
These kinds of people are typically so expensive, that only the likes of Google and JP Morgan can actually afford them. Smaller businesses are mostly excluded from this talent pool.
Think ‘offshore’.
Someone of the same caliber, based in the Philippines, might cost $60,000 or $80,000 per year. If you include all the overheads, they might cost $100,000.
This means that you can save $100,000 to $200,000 per year – on just one person! If you compare that to hiring a Virtual Assistant, you might save just $30,000.
By shooting low, you significantly cap any savings, and also cap the upside potential of the engagement. If you explore the top end of the offshore market, you will mix with the best of the best – and who knows where that will take you?
You might not need a rocket scientist, but what about a qualified medical doctor, senior lawyer, or data scientist? The roles that would otherwise be prohibitively expensive, are all delightfully affordable when you offshore.
The question for your business
Is there someone that you would love to hire for your business, but could never afford it? Make a list of three superstar roles that would take your business to the next level.
With offshore staffing, you could hire all three of those people for the price of just one onshore equivalent.