Offshoring Myths: Busted - PowerPoint PPT Presentation

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Offshoring Myths: Busted

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Readout this post, We will draw from our experience and talk through some of the myths and compare them to our reality. – PowerPoint PPT presentation

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Title: Offshoring Myths: Busted


1
Offshoring Myths Busted
2
  • 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 its
    either a great idea, or a terrible process. Weve
    been working with offshore team members for over
    10 years and think that its wonderful! once
    youve 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.

3
  • 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 isnt stored in one
    place. There are many MS office setups that can
    help you implement higher security for your data.
  •  

4
  • Offshoring hurts local jobs - This type of
    thinking is old-fashioned and doesnt 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.

5
  • Offshoring is not scalable - This myth has been
    used by some companies to discourage offshoring,
    but it really isnt 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.

6
  • 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. 

7
  • 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 its easier to get technical
    expertise overseas and its 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.

8
  • 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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