The offshoring space has become more expansive than ever with companies worldwide using it to meet their business’ staffing requirements. Because of this demand, offshoring companies now target big countries such as the United States, the United Kingdom, Australia and Canada. With such a large target market, today’s offshore staffing services have become generic and not personalised to suit each client.
As an Australian business, how can you make sure your offshore provider understands your needs and staffing issues?
Australia’s Skills Shortage
Australia is one of the biggest countries affected by the growing international skills shortage. Labour shortages in the country have nearly doubled from 2021 to 2022. These shortages are impacting more than 200 occupations throughout the country.
It is no surprise that using offshoring services in Australia has become common practice. Not only does it reduce cost, but it is also an easier and more sustainable solution to the skills shortage. This article will discuss how choosing an offshoring company that caters specifically to Australia will be more beneficial for your business.
Good understanding of needs and requirements
Australian-managed offshoring companies are equipped with the right knowledge and understanding to support your business. They know the issues you face and have designed specialised solutions to resolve them.
An offshore staffing company like The Remote Accountant (TRA), for example, is owned and operated by Australian accounting and offshoring experts. Our founder, Craig Allen, FCPA CA, is an Australian accountant and public practice owner. He has experienced staffing issues first-hand and solved this by forming his very own offshore team.
Better client focus
Offshore outsourcing companies that cater to a wide range of clients tend to focus more on quantity rather than quality of service. Using an offshoring company that only caters to a specific niche or country ensures that you and your offshore staff are prioritised and get the right support.
TRA, for one, is a boutique offshoring company that is dedicated to Australian accounting firms and businesses. By keeping our company boutique, we are able to focus on each client’s needs and help them achieve a successful offshoring journey. We treat each client as an offshoring partner rather than just a number.
Specialised Recruitment Process
Each country or niche has their own work ethic, system or culture they follow. These factors come into play when choosing the right team member. It’s best to have an offshoring provider that is familiar with these factors and has a specialised process in place to get you what you need.
In TRA, we have designed a comprehensive accounting test to help us evaluate a candidate’s proficiency in Australian tax. This test was developed by our very own founder, Craifg Allen, who has over 30 years of experience as an Australian accountant. Each candidate also goes through a personality test and a series of interviews conducted by our expert recruitment team.
Offshoring to the Philippines
The Philippines is one of the leading countries in offshore business services. Accounting in the Philippines shares a lot of similarities with Australia. They adopt the same International Financial Reporting Standards (IFRS) as their Philippines Financial Reporting Standards (PFRS). This makes it easier for them to learn about Australia’s accounting system.
General finance and accounting is also one of the most in-demand specialisations in the Philippines. From 2015 to 2017 alone, there were 23,225 accounting graduates in the Philippines. This is a huge difference compared to Australia who only has 2,000 accounting graduates a year.
Here are some reasons offshoring to the Philippines can be beneficial for your business:
- Highly cost-effective
- Large pool of skilled and qualified talent
- Excellent communication skills
- Strong work ethic
- Similar time zones
READ MORE: 5 Benefits of Offshore Accounting in the Philippines
We work with offshore staff from the Philippines as we believe they are the best fit for Australian firms. Unlike other offshoring companies, we can find you staff from all over the Philippines, not just a specific region. This gives us access to a larger talent pool than most BPOs.
Work with TRA Today!
TRA provides Australian offshoring solutions to accounting practices and business. Given our industry knowledge and offshoring experience, we can help you find and train offshore staff, as well as mentor you on how to effectively manage your remote team.
Ready to start your offshoring journey? Get in touch with us at 1300 614 110 or email info@remoteacc.com.au.
