Is this option also viable for your business? This is indeed a good question to answer before you jump on the leasing bandwagon.
There are various advantages to this arrangement, which is why more and more business owners are adopting it, and one of their favorite outsourcing destinations is the Philippines, primarily because of the skilled manpower and low cost of labor.
Considerations for Staff Leasing
Here are some of the things you need to consider to determine if it is a good idea for you to lease employees from an offshore company:
1. Work Quality
Processes that don’t form the core of the business are often taken for granted. As a result, the quality of work produced by the people responsible for these processes may suffer. When you lease a team to handle these processes for you, it won’t matter how essential the processes are to your business. You are paying the outsourcer to produce consistently high-quality results and the team knows that. They also know you can choose to bring your business elsewhere if they don’t deliver, so they’re bound to keep the quality of their work high.
2. Resources
Resources don’t just mean money. You also have to take into account things like office space to house possible in-house employees and the tools and equipment they’re going to need. If your budget is only enough to pay for salaries and bonuses, and you can’t realistically afford to rent space or buy equipment for more employees, then leasing may indeed be a viable option. When you lease, the problem of providing office space, equipment, tools, and materials becomes the burden of the outsourcer, not yours.
3. Control & Flexibility
One of the biggest concerns business owners have about outsourcing is that it may take control away from them in terms of operational costs and quality. The good thing about leasing is that the team you lease works exclusively for you, though they’re officially employed by the outsourcer. This means their attention isn't divided between your business and any other client business. It also means you can still be in control of the results they deliver as well as the cost incurred, since payment for their services is already specified in the contract you sign. If you’re also concerned about the flexibility of the arrangement, then you’ll be glad to know that this strategy leaves you free to expand or reduce the size of your workforce as needed.
Staff leasing has indeed proven to be an effective business strategy for many businesses. After all, who wouldn't want to have a team of professionals lending a hand at a much lower cost? So, if you want to keep the quality of work high in all aspects of your business, if your resources somehow won’t enable you to hire a complete in-house team, and if you want to maintain control and flexibility, a leased staff may just provide the solution you need.
There are various advantages to this arrangement, which is why more and more business owners are adopting it, and one of their favorite outsourcing destinations is the Philippines, primarily because of the skilled manpower and low cost of labor.
Considerations for Staff Leasing
Here are some of the things you need to consider to determine if it is a good idea for you to lease employees from an offshore company:
1. Work Quality
Processes that don’t form the core of the business are often taken for granted. As a result, the quality of work produced by the people responsible for these processes may suffer. When you lease a team to handle these processes for you, it won’t matter how essential the processes are to your business. You are paying the outsourcer to produce consistently high-quality results and the team knows that. They also know you can choose to bring your business elsewhere if they don’t deliver, so they’re bound to keep the quality of their work high.
2. Resources
Resources don’t just mean money. You also have to take into account things like office space to house possible in-house employees and the tools and equipment they’re going to need. If your budget is only enough to pay for salaries and bonuses, and you can’t realistically afford to rent space or buy equipment for more employees, then leasing may indeed be a viable option. When you lease, the problem of providing office space, equipment, tools, and materials becomes the burden of the outsourcer, not yours.
3. Control & Flexibility
One of the biggest concerns business owners have about outsourcing is that it may take control away from them in terms of operational costs and quality. The good thing about leasing is that the team you lease works exclusively for you, though they’re officially employed by the outsourcer. This means their attention isn't divided between your business and any other client business. It also means you can still be in control of the results they deliver as well as the cost incurred, since payment for their services is already specified in the contract you sign. If you’re also concerned about the flexibility of the arrangement, then you’ll be glad to know that this strategy leaves you free to expand or reduce the size of your workforce as needed.
Staff leasing has indeed proven to be an effective business strategy for many businesses. After all, who wouldn't want to have a team of professionals lending a hand at a much lower cost? So, if you want to keep the quality of work high in all aspects of your business, if your resources somehow won’t enable you to hire a complete in-house team, and if you want to maintain control and flexibility, a leased staff may just provide the solution you need.
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