Australian accountants are looking to a 6-12 month business slowdown, and possibly longer, and are starting to cut fixed costs.
Those fixed costs which can easily be released are the offshore full time labour force, which usually require 1-3 months notification to let the staff be returned to the offshore labour firm.
Those firms will still need resources for ad-hoc overflow workload, and so those offshore firms that are geared to the provision of offshore ad-hoc workflow will dominate during the period of the downturn.
Economically this makes sense. Whilst there may be a higher average cost for a job when using ad-hoc work, the real cost savings come with commit to full time resources during the unstable economic conditions. Eliminating the fixed cost resource requirements make sense in an environment where the future to forecast of workflow in an ever changing economy is unstable.
At the same time, being able to send whatever work is needed, whenever it is needed, assists Australian accounting firms who have clients who might not be able to easily pay their bills in 3-6 months. Work received should be promptly processed and completed, allowing the firm a low “work in progress”, and immediate recovery. It’s no longer possible to assume work that existed last year will happen in much the same way this year. Whatever work arrives needs to be immediately signed up, paid, and completed.
Odyssey’s ad-hoc model is ready to assist with your ad-hoc demands during this difficult time.
Please reach out to us if you’d like a discussion on how we can assist with your ad-hoc resourcing requirements