Outsourcing

5 Best Advantages of Outsourcing Payroll Services

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.

Code Breakers Unleashed: Elevating Success with Software Development Outsourcing

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.

Related Article: 3 Things To Do Before Hiring A Software Outsourcing Partner

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 global BPO index ranking 2023

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

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.

  1. 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.
  1. 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.

  1. 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
  1. 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.

  1. 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?

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.  

Social Security and Insurance 

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. 

Related Article: The Philippines’ Labour Code And Holidays: How They Affect Offshore Labour In Western Countries

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 philippines

5 Frequently Asked Questions About Outsourcing Offshore

Every business seeks to be profitable while keeping expenses as low as possible. But with profit comes tax, upgrade of office equipment investments in real estate and other worthy ventures that ensure money goes back to the local economy and creates more jobs. 

However, when business owners refuse to adapt their models, profit dries up, tax and wages are no longer paid, and some even go into government benefits, which takes money out of the economy. And this is happening every day across Australia. Businesses that hold onto past models and misconceptions are bound to fail today. 

This article seeks to put an end to those misconceptions and wrong beliefs that hold people back. So let’s get started.

1. Are Jobs Being Taken Out of Australia?

Some people think that by outsourcing jobs overseas that they are stealing jobs in Australia. But this is not true. 

The truth is that everybody wins!

If a business gives a job to someone in another country, as the business grows and expands output and productivity, it can hire more hands among locals as not all jobs can be outsourced. 

Within a short while, more jobs have been created in Australia and the business pays tax and spends more money. The offshore professional wins, the business wins, and the local community wins.

2. What Can They Do?

There are endless tasks that offshore virtual staff can do. In fact, businesses are only limited by their imagination. Here are some of the simple but time-consuming tasks that can be outsourced:

  • Deal with customer enquiries and clear out junk mails.
  • Contact people when emails bounce or return to the sender to ensure data is current.
  • Update website with content, optimise new pages for search engines and reply to blog comments.
  • Post to social media and monitoring of feedback.
  • Generate marketing reports on website analytics for smarter decision making.
  • Typing minutes from meetings, creating presentation slides, doing research and sourcing images.

Related article: 4 Tasks That Entrepreneurs Should Consider Outsourcing

3. Is It Taking Advantage of Overseas Workers?

Overseas workers prefer working for Australian clients. Since the time difference between the Philippines and Australia are minimal, they can work during the day and get paid more, most of the time even more than working for clients that require workers to work on night-shift. Working in day shift allows them to have a better work-life balance and spend more quality time with their families. 

The fact that they can earn more working for international clients motivates them greatly which increase their productivity and build loyalty to your business.

So again, this is providing a great employment opportunity at a higher rate better than what is obtained working for a local employer.

4. Is It Possible To Find Good People?

Just like in every human endeavour, there are great people and there are bad ones. 

When it comes to finding the best people (And by the best people, we mean people who are highly skilled, have a degree or even double degree, speak excellent English and great work ethics), all it takes is some effort to search for the right outsourcing partner and the willingness to pay a little more than everyone else. 

Having said that, people are only as good as the system they follow, so it is crucial that new hires are trained and inducted properly into the company processes.

5. What About Business Data Security?

This may be a little tricky but it’s not any riskier than hiring local staff. All it takes here is following proper employee contact practice and if needed a non-disclosure agreement. However, this is more of an obstacle and not entirely a solution, but is pure common sense. 

When it comes to the main work, they’ll only be granted access to the core folders and systems required for their job. Cloud-based files sharing systems are the best bet and if they need access to special tools, password management tools like LastPass or RoboForm are great for this. With vital information, they can only be allowed to view them but not to delete or export data until they are tested and proven.

Given the importance of data security, a better option is to find an outsourcing partner that can help protect your data. This is what outsourcing companies like Dynamic Business Outsourcing Solutions (DBOS) have made a significant investment in infrastructure and connectivity as these are paramount in delivering a high functioning offshore team.

DBOS placed high importance on privacy and security. Our facilities and systems are equipped with both logical and physical security. Most importantly, DBOS observes the provisions set out in the Privacy Act to protect our Client’s intellectual properties. 

6. Is Managing Offshore Staff Difficult?

Any serious business willing to make money must take staff management seriously and it is not any different when it comes to offshore staffing. It is important to have the right tools and maintain consistent communication as best practice.

Here are some great tools for offshore staff as well as in-house staff:

  • Gmail, Google Drive and other Google tools
  • Asana or Trello for project management
  • Skype or Zoom for face to face communication through video
  • Voxer for sending memos on the fly
  • TimeDoctor or Toggl for time tracking on projects

Conclusion

Outsourcing doesn’t have to be the way it has always been seen. Rather than thinking that it steals Australian jobs, businesses should see it as a great way to create more jobs in the country. Business people who are ready to join the shifting tide can take the plunge now or wait to be the last man standing, which might be an undesirable position to be in the future.

b2b-companies

DBOS Receives Award for Being One of the Top B2B Companies in Asia for 2020

The current state of voice is becoming more and more widespread as technology gets smarter. This year, we’re seeing more customer data analysis, real-time translation, and enterprise voice assistants.

Here at Dynamic Business Outsourcing Solutions, we’re always on top of the latest trends and practices so you don’t have to be. You can rest easy knowing we’re providing the latest and greatest for you. We’ve been at this for a while now, and our team has been providing world-class, personalized and affordable outsourcing services to businesses of all shapes and sizes.

Our greatest product is our staff. We offer different offshore staffing services such as call centre support, back-office functions, online marketing services, graphic designing, website, software and app development.

We can even customize solutions to each individual client’s request and requirements. With this, we cater to different industries such as car finance, car rental, insurance, marketing, IT, development, and a whole lot more. We locate experienced college graduates with the perfect skills to fit our client’s requirements for whatever industry it may be.

Over the years, we’ve had many successful engagements that have brought positive results to our clients.

client-review

“Our dealings with their team have been great.” – Claims Manager, Delaney Kelly Golding Pty Ltd

Feedback such as this highlights our great customer service and the top quality of our deliverables. That’s why we’ve been recognized as a 2020 top collections service provider in the Philippines by Clutch. This award means we’re a top voice services company!

Jacqui Miller, our CEO and founder, had this to say about the achievement, “We aim to bring our customized outsourcing solutions to more SMEs not just in Australia and New Zealand but also in North America and Europe. Also, we want to provide more jobs and opportunities to well-rounded and talented Filipinos by opening more offices in key cities in the Philippines.”

We’re looking forward to what the future holds and always want to hear from you!