There’s no doubt that cost is a large factor when considering building an offshore team. Companies have seen significant cost savings in moving their operations and back-office processing offshore.
These days, with highly educated and skilled staff, the cost is less of a factor making way for being able to scale and grow rapidly, as well as removing the overhead costs of managing staff.
In general, outsourcing to the Philippines can be incredibly cost-effective, with rates being between 50% and 70% of local salaries. In specialist areas, where local employees are attracting six-figure salaries, this can be a significant factor.
Vault’s costing model is transparent and open, with the client paying a fixed amount that covers the staff member’s salary and benefits.
Vault will always be transparent with costs and can provide you with a breakdown of how this is made up.