How Offshoring Can Save Your Company During the Recession

March 10, 2023
Visual representation of recession concept on blackboard.

How offshoring can save your company during the recession?

  1. Offers operational efficiency during uncertainties
  2. Helps you save money
  3. Helps your business to easily scale up
  4. Provides their skills and experiences
  5. Helps expand your business capability

An economic decline can last for several months or even years during a recession. But why does this happen? It can be a number of reasons from reduced consumer spending, business investment, government spending, and even exports. So, the demand for goods and services decreases, leading to job losses and business closures. However, there is a way for your company to overcome these challenges.One solution is offshoring. By outsourcing some of your business operations to offshore locations, you can save costs, which can help your company navigate the economic downturn. Read this blog to learn more about how offshoring can save your company during the recession.

Offers Operational Efficiency During Uncertainties

Offers Operational Efficiency During Uncertainties

At Atticus Solutions, we understand that economic uncertainties can be unpredictable, which is why it's important to have a plan in place to weather the storm. One effective tool that businesses can use to ensure operational efficiency during trying times is offshoring. By outsourcing offshore services, companies can cut labor costs while still maintaining high-quality service levels for their customers.We specialize in connecting foreign businesses with the best Filipino offshore professionals who can provide various services for them. This means you won't have to hire additional employees because our professionals can work for you at an affordable rate.

Helps You Save Money

When operating in a recessive economy, it is crucial to make wise investment decisions. Offshoring is a valuable option that can provide significant benefits, such as avoiding extra costs, office space, and equipment as they already have these resources.What’s more, offshoring saves businesses money on roles and duties that do not require a full-time team. These cost savings can be used to retain in-house staff or offshore professionals and invest in more advanced projects.Here, we provide offshore professionals to the U.S. to help them save money. We have qualified offshore professionals in different areas that are ready to serve you at an affordable rate.

Download the Salary Guide to compare average salaries of top NetSuite ERP professionals.

Helps Your Business To Easily Scale Up

Helps Your Business To Easily Scale Up

If your company is seeking to scale up with efficiency, offshore professionals may be a valuable resource to consider, particularly during a recession. Thankfully, Atticus Solutions offers Filipino professionals to the global market, enabling foreign businesses to easily scale up their operations even if done remotely.Our offshore professionals have access to a broad range of resources, including unparalleled skills and excellent communication abilities. Therefore, communication will not be a hindrance to work. Filipinos are excellent English speakers who can relay very complex ideas in a way that you can easily understand. So, if you’re looking for the best offshoring staff in the Philippines, do not hesitate to reach out to us for assistance.

Provides Their Skills And Experiences

If your company is facing financial difficulties, it is crucial to maximize profits and minimize expenses. Therefore, you should choose an offshore team that has the expertise and dedication to ensure successful results for your company.When you partner with Atticus Solutions for offshoring, we guarantee you that the skills set by our professionals, who possess degrees, certificates, and experience, will likely make smart investment choices that will result in successful outcomes for your business in the future, all at an affordable rate.

Helps Expand Your Business Capability

Helps Expand Your Business Capability

Finally, if your business is facing a decline in demand due to a recession, reducing your working hours may become necessary to adjust to the decrease in demand. However, it affects the financial stability of your business, but with offshoring, your business can still operate around the clock.When you choose to offshore, you can expect our team to work in different time zones, allowing your business to operate 24/7. Even when it’s nighttime on your side, they can continue working to ensure your business is running smoothly and providing extended support to your customers. As a result, operating your business 24/7 can bring significant impact over time and result in a positive return on investment.

Key Takeaway

We've just discussed how offshoring can save your company during the recession. At Atticus Solutions, we recognize the challenges faced by our foreign clients and provide them with an offshore team that is fully committed to their business. We take the time to comprehend their specific needs to ensure we locate the right fit with the proper skill set for the job.With our years of experience and profound knowledge of the global market and its requirements, we can guarantee success for you and your business. If you're looking for an offshoring solution for your business, don't hesitate to contact Atticus Solutions today.

Aspect
Offshoring
Nearshoring
Outsourcing
Long-Term Costs
Cost-effective for skilled talent
Cost-effective but needs initial investment
High, offers control and flexibility
Investment
Moderate, reduces overhead
Initial training and technology
Highest initial and ongoing costs
Benefits
Access to nearby skilled talent
Large global talent pool
Maximum control over operations
Download the Salary Guide to compare average salaries of top NetSuite ERP professionals.
Key Differences
BPO
EOR
Not over PHP 250,000
Tax-exempt
Not over USD 434.49
Over PHP 250,000 but not over PHP 400,000
15% of the excess over PHP 250,000
Over USD 434.49 but not over USD 695.18
Over PHP 400,000 but not over PHP 800,000
PHP 22,500 + 20% of the excess over PHP 400,000
Over USD 695.18 but not over USD 1,390.36
Over PHP 800,000 but not over PHP 2,000,000
PHP 102,500 + 25% of the excess over PHP 800,000
Over USD 1,390.36 but not over USD 34,759.04

Frequently Asked Questions

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