With looming threats of persistent inflation, recession, well-funded competitors, lack of affordable talent, expensive office rentals, increasing miscellaneous costs like legal fees, paid leave, unionization, insurance, taxes, compliances and many more – it’s natural and obvious for companies to search for a cost-effective alternative that helps them stay afloat and become competitive. There’s only so much capital that founders can chip in before they are forced to go to the bank or a VC or their friends and family.
We don’t want your company to be fighting for survival. Every passionate CEO/Founder deserves a fair chance to offer his customers the best possible product or service. In challenging times, this is made easy by reducing your overheads so that your company has enough resources to focus on strategic high priority initiatives. Your offering could be world class but if your business model is flawed with excessive overheads then sooner or later your company is bound to fail.
Niconium is your friendly offshore HR department. We recruit on your behalf. Here are the advantages of having an Offshore Team:
a) Talent is rare and hard to find
Talent shortage is true across the developed world. Companies are finding it harder and harder to find skilled individuals who are willing to put in the hours and contribute to their growth. Skills are no longer a commodity and are actively sought after. Earlier, customers got poached. Today, employees are aggressively getting poached. A remote offshore team prevents poaching and adds the required skill set to your team.
b) Talent is expensive
Salaries are rising across the board. For growing companies, salary costs run into hundreds of thousands of dollars. This can severely impact your operating margins and leave little room for spending on innovation. An easy way to reduce the stress is by hiring a % of your team from India where arguably better talent is available at significantly lower salaries. We recruit Indians who can work in your specific time zone.
C) Resilience is underrated
Imagine your town gets hit by a tornado or an earthquake, and all your operations get disrupted. There is no one to serve and answer their queries. Now imagine a 2nd scenario, where you also had a remote offshore team working for you. They are safe from the tornado and can easily help your customers till the time your local team is ready to return. A remote team increases your resilience.
D) Defeat the competition
If your competitor is making 20% margins and because of having offshore teams, you’re able to make 25% margins, you’re already winning the game by beating them. You can serve your local community better by remaining competitive. Business is a cutthroat survival of the fittest game. If you don’t remain competitive, someone else will eat your lunch.
Niconium recruits highly skilled Indians on your behalf to accelerate your business growth. Get in touch to grow your team.