{"id":15909,"date":"2024-04-09T18:02:05","date_gmt":"2024-04-09T08:02:05","guid":{"rendered":"https:\/\/www.talentforge.com.au\/?p=15909"},"modified":"2024-04-16T19:20:40","modified_gmt":"2024-04-16T09:20:40","slug":"offshore-talent-rocket-fuel-for-growth","status":"publish","type":"post","link":"https:\/\/www.talentforge.com.au\/offshore-talent-rocket-fuel-for-growth\/","title":{"rendered":"Offshore Talent – Rocket fuel for Growth?"},"content":{"rendered":"
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Leveraging Offshore Staffing – A Growth For Tactic Small Businesses<\/h1>\n

If you’re running a small businesses, it’s likely that you are going to face unique challenges that can hinder your growth.\u00a0 You’ve probably got a fantastic offering, you know your ICP inside out and the pipeline looks great – So what’s the problem?<\/p>\n

Don’t get us wrong, having the best possible talent in your organisation at a local level is critical. There are plenty of roles that require the knowledge and skills of somebody with specific experience.\u00a0 Not to mention roles that require face to face or ‘on-site’ interaction. But what about ‘non-core’ roles; we’re guessing that you might be facing some of the following dilemmas?<\/p>\n<\/div>\n

Local Talent<\/strong> is Extremely Expensive<\/h2>\n

You just can’t justify the cost – it’s very common to have individual contributors earning well into the six figures and higher.\u00a0 Even at that level there is no guarantee of success.\u00a0 Once you’ve factored onboarding, training IT costs etc, it not uncommon to have a bill that’s twice the person’s salary.<\/p>\n<\/div>\n

You can’t attract the best hires<\/strong><\/h3>\n

You know that you can offer a fantastic place to work and amazing benefits – but you just don’t have the brand reach.\u00a0 Big firms spend millions of dollars on advertising and have agencies focused on their employer brand – It’s no surprise that everybody wants to have a ‘Google’ on their CV.\u00a0 The truth is, even the best small companies struggle to compete for talent.<\/p>\n<\/div>\n

Cashflow Is Tight<\/strong><\/h3>\n

Even if you’re profitable, as the director of a small business, cash is king. After factoring super, payroll tax, onboarding and benefits it’s nearly impossible to spend less than $10k p\/m on a good local hire. Feels like a big risk, right?<\/p>\n

Performance and Retention<\/h3>\n

Signing and securing a great new hire is just the start, you’ll need to train them, keep them motivated and provide them with a challenging and dynamic environment if you want them to stay.\u00a0 it’s not uncommon to hear of local hires being described as ‘lazy’ or ‘hard to manage’. Rightly or wrongly, as a business leader you probably don’t relish the idea of having to babysit your team.<\/p>\n

Employment Risk<\/strong><\/h3>\n

Once you’re hiring staff in Australia or Zealand, you’ve got some fairly strict employment laws to stick to.\u00a0 Not to mention the potential of personal risk around staff entitlements and superannuation.\u00a0 Many great companies don’t reach their potential for this reason alone. Staying abreast of employment law is a full time job in itself – So you’ll need to hire an HR Manager!<\/p>\n<\/div>\n<\/div>\n

Why Offshore<\/h2>\n
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We think that the challenges above can be seriously inhibiting for a small businesses, especially when hiring for roles which are not necessarily business critical.\u00a0 We compiled a list of ideas which can help SMBs access even better talent offshore at a fraction of the cost.<\/p>\n

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\u00a0Offshore Staffing Offers a Cost-Effective Solution<\/h3>\n

By providing access to skilled professionals at lower wage rates compared to hiring locally. We are finding that, on average our clients are saving around 60-70% vs a local equivalent, and this is often for a candidate with more experience.\u00a0 In short, you can get the same candidate or better, for a fraction of the cost.<\/p>\n

Access to Great Talent Pools<\/strong><\/h3>\n

Small businesses often struggle to find and retain great people. Offshore staffing opens up avenues to access a diverse range of skills and expertise from specific ‘talent pockets’. Whether it’s graphic design, software development, or digital marketing, small businesses can find super folks with the specific skills they need to drive their business forward.\u00a0 And the chances are the candidates will be highly motivated and a delight to work with.<\/p>\n

Operational Flexibility\u00a0<\/strong><\/h3>\n

Having the ability to tap-in to diverse talent pools and get great candidates ‘on-demand’ is going to give you a competitive ‘edge’ on rival business.\u00a0 With the right offshore partner, you’ll be able to manage your own talent pools and access the right talent almost immediately.\u00a0 Unlike using local contractors, you wont need to worry about their entitlements or super – You pay for the work done.<\/p>\n

Free-Up time for leadership\u00a0<\/strong><\/h3>\n

As a business owner, you’re probably wearing multiple hats – from chasing invoices and managing accounts payable to running client workshops and making the tea.\u00a0 Whilst having an ‘Executive Assistant’ costing $80-$150k pa seems ridiculously extravagant, a Virtual Assistant, Book-keeper or Copywriter could save you many hours a week and cost from as little at $1600 \/ Month (full time)<\/p>\n

Culture and Diversity\u00a0<\/strong><\/h3>\n

Many of our clients have loved having a team based offshore with obvious benefits around diversity, new perspectives and a wider teams of people working together.\u00a0 Beyond just having fun and getting to know each other, teams from different cultures are know to work more effectively and build stronger connections.\u00a0 Done properly – Read this to find out\u00a0 How to build a successful offshore team <\/a><\/p>\n

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Summary<\/h2>\n

In short, if you are looking for dynamic and cost effective opportunities to grow your business, free up your time and add to your culture, offshore staffing is a great place to start.<\/p>\n

You can always register a vacancy here :\u00a0Register a vacancy<\/a><\/p>\n

Talent Forge Group – Where the best teams are built<\/h2>\n<\/div>\n<\/div>\n<\/div>\n
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Leveraging Offshore Staffing – A Growth For Tactic Small Businesses If you’re running a small businesses, it’s likely that you are going to face unique challenges that can hinder your growth.\u00a0 You’ve probably got a fantastic offering, you know your ICP inside out and the pipeline looks great – So what’s the problem? Don’t get…<\/p>\n","protected":false},"author":18,"featured_media":15920,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_seopress_robots_primary_cat":"none","footnotes":""},"categories":[1],"tags":[],"class_list":["post-15909","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorised"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.talentforge.com.au\/af-api\/wp\/v2\/posts\/15909","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.talentforge.com.au\/af-api\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.talentforge.com.au\/af-api\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.talentforge.com.au\/af-api\/wp\/v2\/users\/18"}],"replies":[{"embeddable":true,"href":"https:\/\/www.talentforge.com.au\/af-api\/wp\/v2\/comments?post=15909"}],"version-history":[{"count":7,"href":"https:\/\/www.talentforge.com.au\/af-api\/wp\/v2\/posts\/15909\/revisions"}],"predecessor-version":[{"id":15931,"href":"https:\/\/www.talentforge.com.au\/af-api\/wp\/v2\/posts\/15909\/revisions\/15931"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.talentforge.com.au\/af-api\/wp\/v2\/media\/15920"}],"wp:attachment":[{"href":"https:\/\/www.talentforge.com.au\/af-api\/wp\/v2\/media?parent=15909"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.talentforge.com.au\/af-api\/wp\/v2\/categories?post=15909"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.talentforge.com.au\/af-api\/wp\/v2\/tags?post=15909"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}