If you’re into any
type of business, then there’s a good chance you’ve heard of staff leasing as one of the business
solutions currently growing in popularity. You may even be wondering how it is
done and what value it can bring to your business. Basically, this business
solution involves an agreement between you and another company (usually in an
offshore location) that provides you with a dedicated staff who handles the
business processes you specify. You’ll be required to pay for their services
based on a payment schedule and terms both parties agree to at the outset.
Benefits of Staff Leasing
Perhaps the biggest
value offered by leasing your employees is flexibility where the size of your
workforce is concerned. It allows you to easily add or reduce the number of
people working for your business as needed, which is something you definitely
can’t do without much hassle if you hire all of your employees in-house. Even
better news is that you retain full operational control over your staff without
being burdened by administrative processes such as payroll accounting, bonuses,
and income taxes. That’s because these processes are all covered in the agreed
fees and are therefore the responsibility of the staffing agency you hire.
Another huge benefit
offered by staff leasing is its
cost-effectiveness. The amount you pay the staffing agency is, in general,
about 70% less than the amount you’d have to shell out if you hired an in-house
team. That’s because the cost of living – and consequently the cost of labor –
in many offshore locations is considerably lower than it is in Western
countries. Considering that you’re getting the same quality of work or maybe
even better, this huge savings is definitely one of the best reasons to lease
staff from an offshore company.
Many business owners
who have chosen to lease employees did so with a Philippine-based staffing
agency and there are lots of good reasons to do so. A study conducted recently
by GlobalEnglish Corporation ranked the Philippines as the world’s best country
in business English. Yes, they were ranked even higher than the United States!
This tells you that communicating with Filipino employees wouldn’t be a problem
at all. It is also worth noting that the outsourcing industry is booming in
this country, with highly-skilled and well-trained professionals joining the
workforce each day. That should answer any worries you might have regarding
work quality.
If you’re worried
about the time difference, then you shouldn’t be. As mentioned earlier,
outsourcing is a booming industry in this country and since employee leasing is
simply another form of outsourcing, it is enjoying a boom as well. Staffing
agencies have therefore taken to operating on a 24-hour basis, with employees
working on shifts. You can be sure someone is taking care of your business
round-the-clock. So, start assessing your business needs now to see if it would
indeed be wise to lease staff instead of hiring in-house. If the result of your
assessment points to leasing as the best solution to your needs, then don’t
forget to take the Philippines into consideration in your search for the best
staffing agency.
