The general misconception about the high-growth firm is that they have some secret business recipe for the success. However, it’s not the case in reality. They have to face the similar set of challenges as that of a normal firm. Despite routine problems such as cash-flow and retaining the talent, they have to keep innovating to improve their processes and cut the operational cost.
|The 4 Benefits of Outsourcing to India|
The project outsourcing model lacks transparency in the pricing structure. Outsourcing firms never reveal the actual number of resources working on the project. They charge for the whole team. Thus, you even pay for the employees that don’t work for you. However, the virtual employee model works on the pay-per-use model. Therefore, you are never overcharged. Therefore, it helps you keep a tighter control on the project-cost.
During the high-growth period, companies often generously hire people, which results in a flab in the manpower team over a period. It not only increases the manpower cost, but also reduces your ability to act fast. But, it’s not the case with the remote virtual employee team. You can alter the team-size according to your requirement. You just need to share your concerns with your vendor. It better prepares you to react fast during the adverse time.
Getting the right talent
Ask any HR person and she will tell you how hard it is to hire the right talent at the right price. Todd Palmer, Owner and President of Diversified Industrial Staffing “The biggest challenge faced by fast-growing firms is a lack of employees with the skill sets needed to continue to drive revenue.” Outsourcing to offshore vendors solves this problem. It opens the door to global talent pool that is also cost-effective.
Quick launch time
A fast-growing company has to constantly launch the latest versions of the product. And, they have to be always ahead of their competitors in this game. Outsourcing to remote offshore vendor allows you to achieve this goal. It helps you build your team quickly. They can shortlist resumes and conduct interviews quickly because of their better understanding of the local job market. You can immediately start work on the project since your remote local team does not need training.
Adopting the virtual employee model is a sound business decision that allows firms to deliver much more efficient services. It’s an asset for any high-growth firm that wants to deliver a true next-generation customer experience.