The Top 11 Benefits of Outsourcing For Businesses

Blog, Outsourcing in the Philippines / By DBOS

Businesses today face a multitude of challenges, from rising costs and talent shortages to the ever-increasing need for innovation. Outsourcing presents a strategic solution, offering a range of benefits to overcome these hurdles and propel your business forward.

This blog post explores the 11 key benefits of outsourcing for businesses, demonstrating how it can contribute to your overall success.

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Outsourcing in the Philippines: Your Secret Weapon for Streamlined Tasks & Higher Profits

Blog, Outsourcing in the Philippines, Tasks Management / By DBOS

In today’s competitive business landscape, efficiency is king. Every minute wasted on repetitive tasks or a lack of qualified personnel is a missed opportunity for growth. That’s where outsourcing to the Philippines comes in. With its highly skilled workforce, competitive rates, and cultural affinity for hard work, the Philippines offers a compelling solution to streamline your task management and unlock new levels of profitability.

The Efficiency Edge: How Outsourcing Empowers Your Team

Let’s face it, every business has a long tail of tasks that, while necessary, don’t necessarily require your core team’s expertise. These tasks can include:

Data entry and management
Customer service inquiries
Social media management
Content creation and editing
Administrative support
Transcriptions and translations

By outsourcing these tasks management activities to the Philippines, you free up your in-house team to focus on what they do best – driving strategic initiatives, developing new products and services, and fostering client relationships. This translates to a more focused and productive team, ultimately leading to faster project completion times and improved overall business performance.

The Cost Advantage: Stretching Your Resources Further

Beyond efficiency gains, outsourcing to the Philippines offers significant cost savings. The Philippines boasts a lower cost of living compared to many Western countries, which translates to competitive salaries for skilled professionals. This allows you to access a wider talent pool without breaking the bank.

Here’s how these cost savings can empower your business:

Invest in growth initiatives: The money saved on salaries can be reallocated to marketing campaigns, product development, or even hiring additional staff for core functions.
Scale your operations: Outsourcing allows you to easily scale your workforce up or down based on project needs, providing greater flexibility and cost control.
Boost your bottom line: Reduced operational costs and increased productivity directly contribute to a healthier profit margin.

Cultural Synergy: Finding the Perfect Fit

The Philippines is renowned for its strong work ethic, excellent communication skills in English, and a deep respect for deadlines. Filipino professionals are eager to learn and adapt to new technologies and processes, making them a valuable asset to your team. This cultural synergy ensures smooth collaboration and a seamless integration of outsourced tasks into your overall workflow.

Building a Winning Team: The Power of Partnership

Outsourcing is not just about cost savings; it’s about building a strategic partnership. Reputable outsourcing companies in the Philippines offer comprehensive solutions, including dedicated project managers, recruitment services, and ongoing training for their staff. This ensures that your outsourced team members are fully equipped to understand your specific needs and deliver high-quality work consistently.

Unlocking Your Business Potential: Is Outsourcing Right for You?

While outsourcing offers a wealth of benefits, it’s not a one-size-fits-all solution. The key to success lies in understanding how outsourcing can complement your existing business structure and optimize your task management processes.

Still unsure if outsourcing is the right fit for your company? Don’t leave your business growth to chance. Take our FREE outsourcing suitability survey! This quick and insightful assessment will help you determine your fit for outsourcing and unlock the potential to transform your task management, boost your team’s efficiency, and ultimately propel your business towards greater profitability. For more information, visit dbos.com.au.

5 Best Advantages of Outsourcing Payroll Services

Blog, Offshore Back Office, Payroll Outsourcing / By DBOS

If you want to save valuable time and grow your business a lot quicker, then you should consider outsourcing the most complicated and time-draining back-office jobs right away. Many industry experts have recommended outsourcing tasks that your company does not directly profit from, like payroll. However, it remains an essential aspect of your business.

Your employees are compensated for their hard work, and this is how you can keep them from leaving your company. So, when you decide to outsource payroll, it does not in any way diminish its importance. …

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Code Breakers Unleashed: Elevating Success with Software Development Outsourcing

Blog, IT Outsourcing Services, Software Development Outsourcing / By DBOS

In today’s fast-paced business landscape, software development plays a crucial role in staying competitive and meeting customer demands. For many companies, outsourcing software development has become a strategic move to enhance efficiency, reduce costs, and access top-tier talent. In this blog, we will explore the key advantages of software development outsourcing and shed light on how Dynamic Business Outsourcing Solutions can be your trusted partner for exceptional results.

The Evolving Landscape of Software Development Outsourcing

Software development outsourcing has evolved from being merely a cost-cutting strategy to becoming a transformative business solution. It allows companies to tap into a global talent pool, leverage specialised skills, and bring products to market faster. Here are some key benefits:

1. Cost Efficiency

Outsourcing software development can significantly reduce costs associated with hiring, training, and maintaining an in-house team. Companies can leverage competitive pricing models offered by outsourcing partners, ensuring optimal resource utilisation without compromising on quality.

2. Access to Global Talent

One of the primary advantages of outsourcing is the ability to access a diverse pool of highly skilled professionals. By partnering with a reputable outsourcing provider, businesses can tap into a global network of developers, designers, and engineers, ensuring that the best minds are working on their projects.

With over 1.3 million professionals in the IT-BPM industry, the Philippines is a global leader in outsourcing.

3. Focus on Core Competencies

Outsourcing non-core functions, such as software development, allows companies to redirect their internal resources and focus on core business activities. This strategic shift enhances overall productivity and accelerates business growth.

4. Scalability and Flexibility

Outsourcing provides the flexibility to scale development teams up or down based on project requirements. This scalability ensures that businesses can adapt to changing market conditions without the challenges associated with hiring or downsizing an in-house team.

Dynamic Business Outsourcing Solutions: Your Trusted Partner

Amidst the multitude of outsourcing options available, choosing the right partner is crucial for success. Dynamic Business Outsourcing Solutions (DBOS) stands out as a leading outsourcing provider in the Philippines, offering a range of services tailored to meet the unique needs of businesses worldwide.

Why Choose DBOS?

Full-Time Dedicated Teams: DBOS provides full-time and dedicated teams of highly skilled software engineers committed to meeting your project requirements with excellence.
Cost-Effective Solutions: Our competitive pricing models ensure that you get the best value for your investment without compromising the quality of work.
Proven Expertise: With years of experience in the outsourcing industry, DBOS boasts a track record of successful partnerships and satisfied clients across various domains.
Cultural Compatibility: Located in the Philippines, DBOS ensures cultural compatibility with Western countries, fostering seamless collaboration and communication.

Conclusion

In conclusion, software development outsourcing continues to be a powerful strategy for businesses seeking innovation, efficiency, and cost-effectiveness. By choosing the right outsourcing partner, such as Dynamic Business Outsourcing Solutions (DBOS), companies can unlock their full potential and achieve remarkable success in the competitive global market. If you’re ready to elevate your software development journey, consider the benefits of outsourcing with DBOS today. For enquiries and a personalised consultation, visit Dynamic Business Outsourcing Solutions. Your success is our priority.

DBOS ranked in The Global Outsourcing Firm (BPO) Index for 2023

BPO Industry, Business News, Outsourcing in the Philippines / By DBOS

16th of February, 2023, Outsource Accelerator, the world’s leading outsourcing marketplace and advisory, announced The Global Outsourcing Firm (BPO) Index.

The Global Outsourcing Firm (BPO) Index ranks BPO firms globally based on an objective and comprehensive analysis of 2,300+ firms.

What you need to know about the Global Outsourcing Firm (BPO) Index

The Global Outsourcing Firm (BPO) Index archives, analyses and compares all known outsourcing firms globally. The index delivers a great indicator of a company’s reputation and prominence.
Following 18 months of rigorous development, the methodology provides an efficient way to track companies’ headway, conduct cross-company comparisons, and establish a reliable ranking system.
The Global Outsourcing Firm (BPO) Index is a crucial tool to assist decision-makers with granular comparison and a broad but objective assessment of the industry as a whole.
Unlike the Time Doctor OA500 which focuses only on the world’s top 500 BPO firms, the Global Outsourcing Firm (BPO) Index gathers, sorts, and evaluates all known outsourcing firms globally.
The Global Outsourcing Firm (BPO) Index is an essential tool in assisting the BPO decision-making community with a broad but objective assessment of the industry at large.

The Global Outsourcing Firm (BPO) Index uses objective data to rank all outsourcing firms globally.

Assessing and ranking BPOs

Through meticulous research, the Outsource Accelerator team carried months to develop a comprehensive and objective scoring methodology to rank these BPO firms by their prominence.

The team had to gather several metadata points that pertain to different facets of the company and piece them together to deliver an integrated analysis.

The Global Outsourcing Firm (BPO) Index measures two primary categories:

Footprint – Refers to the BPO’s online presence.
Quality – Determined through a series of metadata points, including, domain authority, website traffic, employee reviews, LinkedIn engagement, and third-party analysis.

Company size and revenue

The size of an organisation doesn’t necessarily signify that it’s the perfect outsourcing partner for most firms, but it’s a strong indicator that still needs to be considered. Assessing a company’s size and revenue is the easiest way to assess its prominence.

Online prominence and reputation

The company’s online prominence and reputation are other important factors to consider. While these are two different aspects, their metrics and indicators complement each other.

For the Global Outsourcing Firm (BPO) Index, some metrics that were used for the rankings include:

Domain Authority (DA)
Traffic analysis
Metadata from LinkedIn, Crunchbase, ZoomInfo, and Glassdoor – among others

Employer brand and practices

Outsourcing is erroneously associated with negative labour practices, including unjust wages and subpar working conditions. One bad partnership with a BPO with a wretched track record can reflect badly on the outsourcer, which can even lead to legal and regulatory scrutiny.

In accordance with this, the Global Outsourcing Firm (BPO) Index highlights BPO providers with decent employer brands and good company cultures. Other indicators include Glassdoor rankings, community-centric portals and general media.

Exclusion of variable subjective factors

The Global Outsourcing Firm (BPO) Index strives to provide an objective and comprehensive BPO evaluation. However, some variables need to be excluded, particularly in cases where the data is not universally available or is widely lacking in relevance and authenticity.

These variables include:

Geographical location
Access to particular languages

Source: https://www.outsourceaccelerator.com/oa500/

The Cost of Outsourcing To the Philippines: How much will it cost you?

Outsourcing in the Philippines, Uncategorized / By DBOS

If there’s one benefit to outsourcing in the Philippines, it’s the low cost of labour. Outsourcing to the Philippines can save you up to 70% on your labour costs compared to hiring in-house staff in developed nations.

However, there are other costs to consider when outsourcing to the Philippines, such as the cost of doing business in the country. In this blog post, we’ll look at all the costs you need to consider when outsourcing to the Philippines, so you can make an informed decision about whether it’s the right choice for your business.

Cost of Labour

One of the biggest costs of outsourcing to the Philippines is salaries. The average salary for a Filipino worker is around $250 per month. However, this number can vary greatly depending on the type of work you need to do, and the workers’ skillset. For example, if you are looking for a web developer, the average salary would be closer to $400 per month.

The cost of living in the Philippines is also relatively low, so you don’t need to worry about your workers not being able to live on their salaries. In fact, many Filipino workers are able to save a large portion of their salary each month.

Operational Expenses

Another cost that you need to consider when outsourcing in the Philippines is the cost to operate. When you outsource to the Philippines, you will need to set up an office for your workers. The cost of renting an office in the Philippines is relatively low which can hover around $14 – $34 depending on the location.

There are 3 main CBDs located in Manila – Ortigas, Makati, and Bonifacio Global City (BGC). These cities provide the best infrastructure and amenities that an outsourcing company could ever need such as high-speed fibre-optic internet, power, and water.

In Ortigas, the average price for standard office space is $22 per square meter. In Makati, the cost is a bit higher at $32 per square meter. And in BGC, the cost is on the higher end at $34 per square meter.

Furthermore, companies must also consider the utility rates in the Philippines. The average cost of electricity in the Philippines is $0.16 per kWh. The average cost of water is $0.01 per cubic meter, and the average cost for the internet is $50 per month.

While you’re not directly going to pay for these costs, they’ll surely play a factor in your negotiations with offshore outsourcing companies in the Philippines.

Government-Mandated Obligations

There are also a few government-related factors that may affect the overall costs of outsourcing in the Philippines such as 13th Month Pay, Night Differential, Social Security, and Insurance.

13th Month Pay

In the Philippines, all workers are entitled to a 13th-month pay. This is an additional month’s worth of salary given to workers on top of their regular 12 months’ salary. The 13th Month’s Pay must be given to all workers regardless of position or length of service.

Night Differential

Another government-mandated benefit that workers are entitled to in the Philippines is Night Differential. This is an additional hourly rate that workers receive for working at night. The Night Differential rate is usually 10% of the worker’s regular hourly rate.

Like in most countries, Filipino employees are also entitled to social security (SSS) PhilHealth (Health Insurance), and Pag-IBIG (Savings Fund). It’s the employer’s responsibility to enrol all their workers in these programs and make contributions on their behalf.

The cost of social security is usually around 12% of an employee’s salary with 8% being shouldered by employers while the employee’s shoulders rest. The cost of health insurance, on the other hand, is around 3% of the employee’s salary while Pag-ibig contribution sits at around 2% per year per employee.

Final Thoughts: The Cost of Outsourcing to the Philippines: How Much Will It Cost You?

While setting up and maintaining a team of outsourced labour in the Philippines may look costly, it’s important to remember that you’re still saving a lot of money in the long run because of the low cost of labour. Outsourcing your work to the Philippines will undoubtedly help your business save on costs while still maintaining high-quality output.

Outsourcing