The hidden cost of employment
2 Minute read
There are many things to consider when adding a new employee to your team, and there are a lot of hidden costs that when added up can make a big difference to your bottom line.
There are recruitment and hiring costs, and then general employment costs. Recruiting costs include the time it takes someone from your business to either recruit directly or brief an agency. Direct recruitment means that someone from your team needs to advertise for the role, go through submitted CVs and then collate potential candidates, shortlist and finally contact them for interviews.
A lot of time can be saved by using outsourced skills for the above tasks. The recruitment fee is significantly less than Western recruitment agencies, making it an affordable exercise.
Salaries in countries such as India and the Philippines are a fraction of what they are in most Western countries, meaning that through outsourcing, you can hire more experienced staff for less.
Consider other additional benefits such as team events, celebratory events, gym memberships and/or subsidised health care.
Another cost saving feature of outsourcing is the ability to seat lease (hire a desk) in an already established office that offers infrastructure resources such as internet, servers and security features such as finger-scanned access.
Outsourcing can help businesses grow faster without having to invest in equipment and building leases. Through Deployed, clients get a dedicated account manager based in Manila who helps with all operational and personnel requirements.
This ensures your team runs smoothly and everyone remains on the same page.