As economies continue to move toward globalization, companies continue to be on the lookout for new and better ways to expand their reach, establish their products and services and leverage skills, talents and resources to improve and save on their operations. Offshore staff leasing has become an integral part of this phenomenon.
Offshore staff leasing is increasingly becoming a popular option for businesses looking to ensure efficiency in their workforce. Since leased staff can handle numerous back office functions, including data entry, accounting and recruitment, businesses are able to focus on handling and improving their core competencies, while also saving time and money.
It should be noted, however, that offshore staff leasing is not a one-size-fits-all solution for all business woes. So if you are considering using it as a part of your business toolkit, you would be able to get the most out of the deal if you apply these three best practices.
You need to have the right reasons before you decide to lease staff offshore. Just because your competitors are doing it does not mean you should, too. In order to know if this is indeed the best solution for your business do not just look at the costs you can save. Instead, you should evaluate your existing resources that include your infrastructure and employees. Are they enough to keep operations going? Or, more and better systems and hands are necessary to ensure your business growth? The result of an assessment like this should give you a good idea whether you need to lease an offshore staff or not.
Apart from your resources, it is equally important to assess what you want an offshore staff leasing deal to bring to the table. Is it to reduce overhead costs? Improve productivity and efficiency? Or, minimize workload? By doing this, you will be able to determine what you want to get out of the deal and you will also be able to establish realistic goals for your business.
A contract is important to any business deal, and offshore staff leasing is not an exemption. When drawing up a contract, make sure that it covers everything from expected output and deadlines to payment schedules, staff responsibilities and contingencies. If the outsourcer would be the one to provide the contract, do not sign on the dotted line unless everything is clear and you know what you are getting yourself into. Remember, a staff leasing deal is a big financial decision for your business, so you want to make sure that everything important to you and your company is in writing.
Ongoing Management and Performance Evaluation
Once your leased offshore team has been set up, you want to ensure they are properly guided and meet your work expectations. As such, it is necessary that you or someone in your company actually manages the team to keep your business humming. If possible invest heavily in your leased staff’s training so they will be able to properly carry out the work expected from them. Open communication should also be exercised to allow the leased staff to feel that they are actually a part of your team and prevent costly mishaps from occurring. Equally important is to regularly conduct performance evaluation to monitor the productivity and efficiency of the leased staff and at the same time determine the quality of service the partner firm is providing.