Every business wants to scale its operations without increasing the cost but businesses always incur huge costs on hiring, training, and providing benefits to the employees.
So there are a lot of hurdles in scaling the operations team. To overcome this problem businesses considered hiring an offshore team. Which helped businesses to reduce costs and increase productivity and efficiency.
To understand why businesses rely on offshore teams first let’s understand the mathematics behind it
Before hiring an employee businesses are spending an average of $4700 and later on benefits, salary, and training which includes another $10000 in the first few months.
Combined it will cost around $15000 per each employee you hire before assigning the actual work.
To decrease this cost businesses are hiring skilled professionals and started building offshore teams.
Now let’s understand the cost to build an offshore team. Most of the businesses in India provide skilled resources from around $1500 to $7000 per month from less experience to senior technical professionals respectively.
And businesses that need help scaling their operations team are collaborating with an Indian company and building an offshore team.
For example: if a publisher needs 3 ad operations associates it costs them an average of $8000 to $9000 per month. Instead, they can hire an offshore team with $1500/month for each associate at a cost of $4500/month.
By this businesses can save time and increase the operations team within no time. With this approach, businesses can save 50% of the cost while still scaling their operations.
Businesses can simply make an agreement with the company and build a team within 7 days. Businesses can break their agreement by paying the due amount.
Every business has questions like communication will be tough and how can we trust the businesses that they can scale the team. To understand this read our below articles
How to improve communication with your offshore team?
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