From the past year we’ve identified 3 tips important to making outsourcing a success: Tip 1. Select a large Outsourcing services provider who has plenty of experience in the marketplace, and plenty of resources to allow you to expand. Whilst the newer comers into the Outsourcing space might seem attractive, the lower cost usually comes at a price. The lack …
Offshore workers not equal: the importance of a good due diligence.
More recently we’ve been blogging about the desire of offshore labour providers (offshoring) to have above market remuneration and conditions, which allows them to pass on the (hidden) cost of these conditions to the client, usually the Australian accounting firm. We were recently exchanging communication with an offshore services provider in the Philippines recently related to our blog on Offshore labour …
Do Offshore BPO workers have the last laugh?
We were reading some reviews the other day of some of the Offshore workers comments on various review sites. Sites such as glassdoor.com, indeed.com or jobstreet.com can give some excellent reviews not only of the working conditions in the company, but also whether employees think they are getting a fair deal. The “fair deal” includes not only remuneration, but the …
Why outsourcing is critical for your retirement nest egg
I spotted this interesting article last year on an investment site, where some 48 experts have been asked the question: “How much money do you need to retire ?”, and for our accounting brains that are used to answers down to 2 decimal places, the answers are pretty shocking. The short answer is “it depends”, and the range of amounts …
Are fixed salaries and full-time workers soon to be a thing of the past?
Flexibility. It’s coming faster than you think. And for those resisting change, it might be time to think about re-structuring salary remuneration in line with the times in order to retain outstanding talent. The Gig economy pushes towards temporary, flexible jobs are commonplace and companies tend toward hiring independent contractors and freelancers instead of full-time employees. And though it might …
The 8 key advantages of using ad-hoc resources for Australian tax compliance outsourcing
In this blog we look at 8 key advantages of using ad-hoc resources for Australian tax compliance outsourcing. Warning: These are the secrets the “per seat” leasing people would rather you didn’t know… You cut down your overheads by only paying for Actual work done This is the most important factor. You don’t have to pay for all the overheads …
OutsourcingPhobia, shining a light on our Australian tax Compliance fears
We were looking through the phobia list the other day, which is pretty massive in itself, and decided it was about time that we put a name to the fear of outsourcing. It’s often been said that half of the journey involves shining a light on the fear, and with understanding comes an ability to work through that fear. So …
Why selecting an Outsourcing Guru is critical for Australian compliance outsourcing
With the massive influx of offshore firms now providing outsourcing and offshoring (i.e. labour hire), there is the temptation for Australian accounting firms to go cheap. What usually ends up as a cost comparison exercise normally ends up as a costly exercise. In this blog we look at why selecting an Outsourcing leader is critical for Australian compliance outsourcing. There …
Top 5 reasons why Australian Accounting firms are outsourcing overseas
Australian accounting firms are moving into cloud, automation, and outsourcing at an increasing pace. In 2012 Odyssey’s CEO presented at the IPA Conference on “Outsourcing: Out of the closet and into the Cloud”. Fast forward to today, and everyone knows about outsourcing, and it’s widely accepted amongst the Australian accounting community. Certainly Australian accounting and tax compliance outsourcing has come …
10 key reasons why Bookkeeping outsourcing is critical for Australian accounting firms
There has been a lot of movement into bookkeeping by Australian accounting firms, and this has been well documented in the past year. As compliance moves into the cloud and is automated, it is now more critical that Australian accountants extend their influence and ability into areas of current concern, where their role of trusted adviser can best be utilized. …
