{"id":5797,"date":"2022-01-03T21:35:28","date_gmt":"2022-01-03T21:35:28","guid":{"rendered":"https:\/\/bitsypixel.com\/clients\/bpo\/?p=5797"},"modified":"2022-05-03T19:48:45","modified_gmt":"2022-05-03T19:48:45","slug":"overcoming-the-great-resignation-with-co-sourcing","status":"publish","type":"post","link":"https:\/\/bitsypixel.com\/clients\/bpo\/overcoming-the-great-resignation-with-co-sourcing\/","title":{"rendered":"Overcoming The Great Resignation with Co-Sourcing"},"content":{"rendered":"<p><div class=\"fusion-fullwidth fullwidth-box fusion-builder-row-1 fusion-flex-container nonhundred-percent-fullwidth non-hundred-percent-height-scrolling\" style=\"background-color: rgba(255,255,255,0);background-position: center center;background-repeat: no-repeat;border-width: 0px 0px 0px 0px;border-color:#e2e2e2;border-style:solid;\" ><div class=\"fusion-builder-row fusion-row fusion-flex-align-items-flex-start\" style=\"max-width:1216.8px;margin-left: calc(-4% \/ 2 );margin-right: calc(-4% \/ 2 );\"><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-0 fusion_builder_column_1_1 1_1 fusion-flex-column\"><div class=\"fusion-column-wrapper fusion-flex-justify-content-flex-start fusion-content-layout-column\" style=\"background-position:left top;background-repeat:no-repeat;-webkit-background-size:cover;-moz-background-size:cover;-o-background-size:cover;background-size:cover;padding: 0px 0px 0px 0px;\"><div class=\"fusion-text fusion-text-1\"><p><strong>COVID-19<\/strong> has impacted more of our lives than we realize today; from health, family, to work, its long-term effects have revolutionized traditional approaches to each aforementioned. Forced into <strong>social distancing<\/strong>, the world adapted to <strong>WFH,<\/strong> and just as restrictions were lifted and vaccines distributed; people started to return to work and soon after, they began to leave. The major concern today for businesses across the globe is overcoming <strong>the Great Resignation<\/strong>, also termed as <strong>the Big Quit<\/strong>, which has caused talent shortage and <strong>attrition <\/strong>to go through the roof. How can your firm possibly function in this day and age if you cannot get people to stay and work? The alternate then, is <strong>offshore outsourcing or co-sourcing<\/strong>, as discussed furthermore below.<\/p>\n<p><strong>Co-Sourcing<\/strong> is defined as a type of outsourcing in which an externally hired company acts as a part of your in-house operation while promoting <strong>shared risk and reward<\/strong> values. As seasoned outsourcers can provide the necessary specialized knowledge, skills, and resources for your particular business functions, they are a perfect fit to overcome barriers during a <strong>labor crisis<\/strong>.<\/p>\n<p><img class=\"alignnone wp-image-5811 size-full\" title=\"Overcoming The Great Resignation with Co-Sourcing\" src=\"https:\/\/bitsypixel.com\/clients\/bpo\/wp-content\/uploads\/2022\/01\/overcoming-the-great-resignation-with-co-sourcing-1.jpg\" alt=\"\" width=\"880\" height=\"450\" srcset=\"https:\/\/bitsypixel.com\/clients\/bpo\/wp-content\/uploads\/2022\/01\/overcoming-the-great-resignation-with-co-sourcing-1-200x102.jpg 200w, https:\/\/bitsypixel.com\/clients\/bpo\/wp-content\/uploads\/2022\/01\/overcoming-the-great-resignation-with-co-sourcing-1-300x153.jpg 300w, https:\/\/bitsypixel.com\/clients\/bpo\/wp-content\/uploads\/2022\/01\/overcoming-the-great-resignation-with-co-sourcing-1-400x205.jpg 400w, https:\/\/bitsypixel.com\/clients\/bpo\/wp-content\/uploads\/2022\/01\/overcoming-the-great-resignation-with-co-sourcing-1-600x307.jpg 600w, https:\/\/bitsypixel.com\/clients\/bpo\/wp-content\/uploads\/2022\/01\/overcoming-the-great-resignation-with-co-sourcing-1-768x393.jpg 768w, https:\/\/bitsypixel.com\/clients\/bpo\/wp-content\/uploads\/2022\/01\/overcoming-the-great-resignation-with-co-sourcing-1-800x409.jpg 800w, https:\/\/bitsypixel.com\/clients\/bpo\/wp-content\/uploads\/2022\/01\/overcoming-the-great-resignation-with-co-sourcing-1.jpg 880w\" sizes=\"(max-width: 880px) 100vw, 880px\" \/><\/p>\n<p><strong>Co-Sourcing<\/strong> is defined as a type of outsourcing in which an externally hired company acts as a part of your in-house operation while promoting <strong>shared risk and reward<\/strong> values. As outsourcers can provide the necessary specialized knowledge, skills, and resources for your particular business functions, they are a perfect fit to overcome barriers during a <strong>labor crisis<\/strong>.<\/p>\n<\/div><\/div><style type=\"text\/css\">.fusion-body .fusion-builder-column-0{width:100% !important;margin-top : 0px;margin-bottom : 20px;}.fusion-builder-column-0 > .fusion-column-wrapper {padding-top : 0px !important;padding-right : 0px !important;margin-right : 1.92%;padding-bottom : 0px !important;padding-left : 0px !important;margin-left : 1.92%;}@media only screen and (max-width:1024px) {.fusion-body .fusion-builder-column-0{width:100% !important;order : 0;}.fusion-builder-column-0 > .fusion-column-wrapper {margin-right : 1.92%;margin-left : 1.92%;}}@media only screen and (max-width:640px) {.fusion-body .fusion-builder-column-0{width:100% !important;order : 0;}.fusion-builder-column-0 > .fusion-column-wrapper {margin-right : 1.92%;margin-left : 1.92%;}}<\/style><\/div><\/div><style type=\"text\/css\">.fusion-body .fusion-flex-container.fusion-builder-row-1{ padding-top : 0px;margin-top : 0px;padding-right : 0px;padding-bottom : 0px;margin-bottom : 0px;padding-left : 0px;}<\/style><\/div><div class=\"fusion-fullwidth fullwidth-box fusion-builder-row-2 fusion-flex-container nonhundred-percent-fullwidth non-hundred-percent-height-scrolling\" style=\"background-color: rgba(255,255,255,0);background-position: center center;background-repeat: no-repeat;border-width: 0px 0px 0px 0px;border-color:#e2e2e2;border-style:solid;\" ><div class=\"fusion-builder-row fusion-row fusion-flex-align-items-flex-start\" style=\"max-width:1216.8px;margin-left: calc(-4% \/ 2 );margin-right: calc(-4% \/ 2 );\"><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-1 fusion_builder_column_1_1 1_1 fusion-flex-column\"><div class=\"fusion-column-wrapper fusion-flex-justify-content-flex-start fusion-content-layout-column\" style=\"background-position:left top;background-repeat:no-repeat;-webkit-background-size:cover;-moz-background-size:cover;-o-background-size:cover;background-size:cover;padding: 0px 0px 0px 0px;\"><div class=\"fusion-text fusion-text-2\"><h2><strong>THE GREAT RESIGNATION IS HERE AND IT&#8217;S REAL<\/strong><\/h2>\n<blockquote>\n<p><strong><em>4.5 million Americans quit their jobs in November 2021, creating a new record<\/em><\/strong> &#8211; <a href=\"https:\/\/www.cnbc.com\/2022\/01\/04\/jolts-november-2021-record-4point5-million-workers-quit-their-jobs.html\" target=\"_blank\" rel=\"noopener\">CNBC<\/a><\/p>\n<\/blockquote>\n<p>The term dubbed by the <strong>Bureau of Labor Statistics<\/strong> is \u201c<a href=\"https:\/\/www.bls.gov\/news.release\/jolts.nr0.htm\">Quits<\/a>\u201d for the highest number of resignations recorded as seen in the U.S in one month only. One may wonder, <strong>what is the Big Quit<\/strong> exactly? <strong>What caused the Great Resignation 2021<\/strong>? And <strong>why is everyone quitting their jobs<\/strong>?<\/p>\n<blockquote>\n<p><strong><em>20 million people have voluntarily left their jobs since April 2021<\/em> \u2013 <\/strong><a href=\"https:\/\/www.marketplace.org\/2021\/10\/27\/the-big-quit-isnt-going-away-anytime-soon\/\"><strong>marketplace.org<\/strong><\/a><\/p>\n<\/blockquote>\n<p>As defined by <strong>Anthony Klotz<\/strong>, Phycologist at <strong>Texas A&amp;M<\/strong>, \u201c<strong>the Great Resignation<\/strong>\u201d (also coined by him), is the mass exodus that occurred in light of life lessons people learned from the pandemic and its after-effects. As a result, everyone is reimagining their lifestyles, looking for better opportunities, and moving on to greater things.<\/p>\n<\/div><\/div><style type=\"text\/css\">.fusion-body .fusion-builder-column-1{width:100% !important;margin-top : 0px;margin-bottom : 20px;}.fusion-builder-column-1 > .fusion-column-wrapper {padding-top : 0px !important;padding-right : 0px !important;margin-right : 1.92%;padding-bottom : 0px !important;padding-left : 0px !important;margin-left : 1.92%;}@media only screen and (max-width:1024px) {.fusion-body .fusion-builder-column-1{width:100% !important;order : 0;}.fusion-builder-column-1 > .fusion-column-wrapper {margin-right : 1.92%;margin-left : 1.92%;}}@media only screen and (max-width:640px) {.fusion-body .fusion-builder-column-1{width:100% !important;order : 0;}.fusion-builder-column-1 > .fusion-column-wrapper {margin-right : 1.92%;margin-left : 1.92%;}}<\/style><\/div><\/div><style type=\"text\/css\">.fusion-body .fusion-flex-container.fusion-builder-row-2{ padding-top : 0px;margin-top : 0px;padding-right : 0px;padding-bottom : 0px;margin-bottom : 0px;padding-left : 0px;}<\/style><\/div><div class=\"fusion-fullwidth fullwidth-box fusion-builder-row-3 fusion-flex-container nonhundred-percent-fullwidth non-hundred-percent-height-scrolling\" style=\"background-color: rgba(255,255,255,0);background-position: center center;background-repeat: no-repeat;border-width: 0px 0px 0px 0px;border-color:#e2e2e2;border-style:solid;\" ><div class=\"fusion-builder-row fusion-row fusion-flex-align-items-flex-start\" style=\"max-width:1216.8px;margin-left: calc(-4% \/ 2 );margin-right: calc(-4% \/ 2 );\"><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-2 fusion_builder_column_1_1 1_1 fusion-flex-column\"><div class=\"fusion-column-wrapper fusion-flex-justify-content-flex-start fusion-content-layout-column\" style=\"background-position:left top;background-repeat:no-repeat;-webkit-background-size:cover;-moz-background-size:cover;-o-background-size:cover;background-size:cover;padding: 0px 0px 0px 0px;\"><div class=\"fusion-text fusion-text-3\"><h2><strong>WHY ARE PEOPLE QUITTING THEIR JOBS?<\/strong><\/h2>\n<p>Fired, furloughed, retired, taking care of long-term COVID patients, themselves, or children, not wanting to be employed, or looking to exchange careers; these were some of the reasons for not working; as discovered in a recent <a href=\"https:\/\/www.census.gov\/programs-surveys\/household-pulse-survey\/data.html\" target=\"_blank\" rel=\"noopener\">Household Pulse Survey<\/a>.<\/p>\n<p>Some other sources as cited on news forums include loan pardons, pandemic relief checks, people beginning their own startups, looking for higher pay scales, and demanding flexible work environments &#8211; (<a href=\"https:\/\/www.theatlantic.com\/ideas\/archive\/2021\/10\/great-resignation-accelerating\/620382\/\" target=\"_blank\" rel=\"noopener\">The Atlantic<\/a>). If the modern worker cannot receive these altogether in a nicely wrapped package, then they will go looking for the same elsewhere. (<a href=\"https:\/\/www.forbes.com\/sites\/robertamatuson\/2021\/11\/10\/the-big-quit-fact-or-fiction\/?sh=696abccb32e6\" target=\"_blank\" rel=\"noopener\">Forbes<\/a>)<\/p>\n<blockquote>\n<p><strong><em>According to a worldwide poll by <\/em><\/strong><a href=\"https:\/\/learnmore.monster.com\/job-index-in-the-time-of-coronavirus\" target=\"_blank\" rel=\"noopener\"><strong><em>Monster.com<\/em><\/strong><\/a><strong><em>, 95% of people are considering quitting their jobs for a better opportunity<\/em><\/strong> \u2013 <a href=\"https:\/\/www.inc.com\/marcel-schwantes\/9-out-of-10-workers-are-looking-to-change-jobs-heres-what-you-can-do-about-it.html\" target=\"_blank\" rel=\"noopener\">Inc.com<\/a><\/p>\n<\/blockquote>\n<p>And,<\/p>\n<blockquote>\n<p><strong><em>86% of employers responded that they are worried about employees resigning in a recent recruiter survey<\/em><\/strong> &#8211; <a href=\"https:\/\/www.indeed.com\/lead\/employers-and-the-great-resignation?hl=en&amp;co=US&amp;utm_campaign=IndeedLeadUS&amp;utm_content=&amp;utm_medium=organicsocial&amp;utm_source=facebook\" target=\"_blank\" rel=\"noopener\">Indeed<\/a><\/p>\n<\/blockquote>\n<p>The fact is, people have rearranged priorities to make WFH part of everyday life during the lockdown to vaccine journey. Most people have no intention to return to work full time when they can manage the routine or a second job in a remote capacity. According to a survey by Harvard Business School:<\/p>\n<blockquote>\n<p><strong><em>81% of people working remotely during the pandemic do not want to return to work or desire a hybrid schedule<\/em><\/strong> \u2013 <a href=\"https:\/\/www.cnet.com\/health\/over-80-of-workers-dont-want-to-go-back-to-the-office-full-time-survey-finds\/\" target=\"_blank\" rel=\"noopener\">cnet<\/a><\/p>\n<\/blockquote>\n<p>According to a survey by <a href=\"https:\/\/wfhresearch.com\/\" target=\"_blank\" rel=\"noopener\">WFHresearch<\/a>,<\/p>\n<blockquote>\n<p><strong><em>31.2% of respondents want 5 days of WFH post-COVID to be the work norm<\/em><\/strong><\/p>\n<\/blockquote>\n<p>Recruiters are doing their best to keep up with hiring challenges; with some putting <strong>AI<\/strong> adaptation to the test and others deeming a more empathic ear towards applicants to be effective. Some feel that the modern worker\u2019s primary concern today is safety, inclusion, and remote work allowance &#8211; <a href=\"https:\/\/www.hrdive.com\/news\/how-recruiters-are-keeping-up-with-unprecedented-workloads\/602077\/?utm_source=Sailthru&amp;utm_medium=email&amp;utm_campaign=Issue:%202021-12-29%20Top%20Talent%20Trends%20%5Bissue:38834%5D&amp;utm_term=HR%20Talent%20%2B%20Weekender\">hrdrive<\/a><\/p>\n<p>Certain experts state that employers are also to share the blame; as they cannot find relevant talent because of unwillingness to pay what applicants demand (<a href=\"https:\/\/business.time.com\/2012\/06\/04\/the-skills-gap-myth-why-companies-cant-find-good-people\/\" target=\"_blank\" rel=\"noopener\">TIME<\/a>), requirements of highly-experienced personnel for every role, and not following up enough with applicants to avoid ghosting (<a href=\"https:\/\/www.hrdive.com\/news\/ghosting-is-on-the-rise-and-employers-share-the-blame-indeed-says\/595452\/?utm_source=Sailthru&amp;utm_medium=email&amp;utm_campaign=Issue:%202021-12-27%20Top%20Talent%20News%20%5Bissue:38826%5D&amp;utm_term=HR%20Talent%20%2B%20Weekender\" target=\"_blank\" rel=\"noopener\">hrdrive<\/a>).<\/p>\n<\/div><\/div><style type=\"text\/css\">.fusion-body .fusion-builder-column-2{width:100% !important;margin-top : 0px;margin-bottom : 20px;}.fusion-builder-column-2 > .fusion-column-wrapper {padding-top : 0px !important;padding-right : 0px !important;margin-right : 1.92%;padding-bottom : 0px !important;padding-left : 0px !important;margin-left : 1.92%;}@media only screen and (max-width:1024px) {.fusion-body .fusion-builder-column-2{width:100% !important;order : 0;}.fusion-builder-column-2 > .fusion-column-wrapper {margin-right : 1.92%;margin-left : 1.92%;}}@media only screen and (max-width:640px) {.fusion-body .fusion-builder-column-2{width:100% !important;order : 0;}.fusion-builder-column-2 > .fusion-column-wrapper {margin-right : 1.92%;margin-left : 1.92%;}}<\/style><\/div><\/div><style type=\"text\/css\">.fusion-body .fusion-flex-container.fusion-builder-row-3{ padding-top : 0px;margin-top : 0px;padding-right : 0px;padding-bottom : 0px;margin-bottom : 0px;padding-left : 0px;}<\/style><\/div><div class=\"fusion-fullwidth fullwidth-box fusion-builder-row-4 fusion-flex-container nonhundred-percent-fullwidth non-hundred-percent-height-scrolling\" style=\"background-color: rgba(255,255,255,0);background-position: center center;background-repeat: no-repeat;border-width: 0px 0px 0px 0px;border-color:#e2e2e2;border-style:solid;\" ><div class=\"fusion-builder-row fusion-row fusion-flex-align-items-flex-start\" style=\"max-width:1216.8px;margin-left: calc(-4% \/ 2 );margin-right: calc(-4% \/ 2 );\"><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-3 fusion_builder_column_1_1 1_1 fusion-flex-column\"><div class=\"fusion-column-wrapper fusion-flex-justify-content-flex-start fusion-content-layout-column\" style=\"background-position:left top;background-repeat:no-repeat;-webkit-background-size:cover;-moz-background-size:cover;-o-background-size:cover;background-size:cover;padding: 0px 0px 0px 0px;\"><div class=\"fusion-text fusion-text-4\"><h2><strong>THE GREAT RESIGNATION IS LEADING TO HIGHER COSTS OF EMPLOYING WORKERS<\/strong><\/h2>\n<p>Since the work dynamic is permanently altered now (<a href=\"https:\/\/www.cnbc.com\/2021\/11\/01\/great-resignation-may-be-altering-workforce-dynamic-for-good.html\" target=\"_blank\" rel=\"noopener\">CNBC<\/a>), organizations have no choice but to provide better incentives, more pay, health insurance, <strong>WFH <\/strong>capability, and more on-job perks to <strong>retain employees. <\/strong>Even with millions of job openings (<a href=\"https:\/\/fortune.com\/2021\/05\/18\/many-workers-reluctant-to-return-old-jobs-covid\/\" target=\"_blank\" rel=\"noopener\">Fortune<\/a>) and the government pushing to increase <strong>minimum wage <\/strong>up to $15 an hour in many states, employees are refusing to return.<\/p>\n<p>It massively consumes money, time, and resources to replace an employee, especially in light of a mindset to not work. Although it makes sense to opt for a higher-paying job; it is not the only deciding factor anymore.<\/p>\n<blockquote>\n<p><strong><em>It takes between 32 &#8211; 46 days to hire an employee in the U.S. on average and six months for a company to recoup the cost of a new hire<\/em><\/strong> &#8211;\u00a0<a href=\"https:\/\/www.zippia.com\/advice\/cost-of-hiring-statistics-average-cost-per-hire\/\" target=\"_blank\" rel=\"noopener\">Zippia<\/a><\/p>\n<\/blockquote>\n<p>And,<\/p>\n<blockquote>\n<p><strong><em>The cost to replace an employee ranges from one-half to two times their salary<\/em><\/strong> \u2013 <a href=\"https:\/\/www.gallup.com\/workplace\/351545\/great-resignation-really-great-discontent.aspx\" target=\"_blank\" rel=\"noopener\">Gallup<\/a><\/p>\n<\/blockquote>\n<p>Also,<\/p>\n<blockquote>\n<p><strong><em>The overall costs of replacing an employee (turnover, training, attrition, etc.) range between 90% to 200% for any organization <\/em><\/strong>&#8211; SHRM via <a href=\"https:\/\/www.enrich.org\/blog\/The-true-cost-of-employee-turnover-financial-wellness-enrich\" target=\"_blank\" rel=\"noopener\">enrich<\/a><\/p>\n<\/blockquote>\n<p>Nowadays, to engage an employee in the office, you have to pay extra and provide added perks that were previously not necessary. A recent Robert Half survey revealed that one in three workers would look for a new job if asked to return full-time \u2013 <a href=\"https:\/\/www.hrdive.com\/news\/survey-1-in-3-remote-workers-would-seek-new-job-if-asked-to-return-to-offi\/598201\/?utm_source=Sailthru&amp;utm_medium=email&amp;utm_campaign=Issue:%202021-12-27%20Top%20Talent%20News%20%5Bissue:38826%5D&amp;utm_term=HR%20Talent%20%2B%20Weekender\">hrdrive<\/a>. Consequently, large enterprises started increasing salaries from the baseline to retain employees, topping with additional benefits and health packages.<\/p>\n<blockquote>\n<p><strong><em>30% salary increase was announced by Goldman Sachs for entry-level employees in Aug 2021<\/em><\/strong> &#8211; <a href=\"https:\/\/www.wsj.com\/articles\/goldman-sachs-is-giving-entry-level-bankers-a-nearly-30-raise-11627930285?mod=mktw&amp;mod=article_inline&amp;adobe_mc=MCMID%3D59122175810353966270556621113361983773%7CMCORGID%3DCB68E4BA55144CAA0A4C98A5%2540AdobeOrg%7CTS%3D1641535197\" target=\"_blank\" rel=\"noopener\">WSJ<\/a><\/p>\n<\/blockquote>\n<p>And,<\/p>\n<blockquote>\n<p><strong><em>Deloitte is offering a $500 WFH subsidy compensation package with 15 paid holidays, mental health benefits, and annual boosts to employees<\/em><\/strong> &#8211; <a href=\"https:\/\/www.hrdive.com\/news\/deloitte-rolls-out-500-work-from-home-subsidy-in-expanded-comp-benefits-p\/616566\/\" target=\"_blank\" rel=\"noopener\">hrdrive<\/a>.<\/p>\n<\/blockquote>\n<p>After so much effort is put in, whether the employee chooses to stay or not; organizations still have to bear the cost. With global competition, large companies can go above and beyond to snap up remaining talent; but what of those mid-size companies that can\u2019t afford to? Paying bonuses or incentives for showing up for an interview may not work for everyone; which makes it nearly impossible for those companies to recruit who can\u2019t resort to such measures.<\/p>\n<p><img class=\"alignnone size-full wp-image-5998\" src=\"https:\/\/bitsypixel.com\/clients\/bpo\/wp-content\/uploads\/2022\/01\/The-Great-Resignation-US-Labor-Crisis-5-Final.jpg\" alt=\"\" width=\"880\" height=\"1503\" srcset=\"https:\/\/bitsypixel.com\/clients\/bpo\/wp-content\/uploads\/2022\/01\/The-Great-Resignation-US-Labor-Crisis-5-Final-176x300.jpg 176w, https:\/\/bitsypixel.com\/clients\/bpo\/wp-content\/uploads\/2022\/01\/The-Great-Resignation-US-Labor-Crisis-5-Final-200x342.jpg 200w, https:\/\/bitsypixel.com\/clients\/bpo\/wp-content\/uploads\/2022\/01\/The-Great-Resignation-US-Labor-Crisis-5-Final-400x683.jpg 400w, https:\/\/bitsypixel.com\/clients\/bpo\/wp-content\/uploads\/2022\/01\/The-Great-Resignation-US-Labor-Crisis-5-Final-600x1025.jpg 600w, https:\/\/bitsypixel.com\/clients\/bpo\/wp-content\/uploads\/2022\/01\/The-Great-Resignation-US-Labor-Crisis-5-Final-768x1312.jpg 768w, https:\/\/bitsypixel.com\/clients\/bpo\/wp-content\/uploads\/2022\/01\/The-Great-Resignation-US-Labor-Crisis-5-Final-800x1366.jpg 800w, https:\/\/bitsypixel.com\/clients\/bpo\/wp-content\/uploads\/2022\/01\/The-Great-Resignation-US-Labor-Crisis-5-Final.jpg 880w\" sizes=\"(max-width: 880px) 100vw, 880px\" \/><\/p>\n<\/div><\/div><style type=\"text\/css\">.fusion-body .fusion-builder-column-3{width:100% !important;margin-top : 0px;margin-bottom : 20px;}.fusion-builder-column-3 > .fusion-column-wrapper {padding-top : 0px !important;padding-right : 0px !important;margin-right : 1.92%;padding-bottom : 0px !important;padding-left : 0px !important;margin-left : 1.92%;}@media only screen and (max-width:1024px) {.fusion-body .fusion-builder-column-3{width:100% !important;order : 0;}.fusion-builder-column-3 > .fusion-column-wrapper {margin-right : 1.92%;margin-left : 1.92%;}}@media only screen and (max-width:640px) {.fusion-body .fusion-builder-column-3{width:100% !important;order : 0;}.fusion-builder-column-3 > .fusion-column-wrapper {margin-right : 1.92%;margin-left : 1.92%;}}<\/style><\/div><\/div><style type=\"text\/css\">.fusion-body .fusion-flex-container.fusion-builder-row-4{ padding-top : 0px;margin-top : 0px;padding-right : 0px;padding-bottom : 0px;margin-bottom : 0px;padding-left : 0px;}<\/style><\/div><div class=\"fusion-fullwidth fullwidth-box fusion-builder-row-5 fusion-flex-container nonhundred-percent-fullwidth non-hundred-percent-height-scrolling\" style=\"background-color: rgba(255,255,255,0);background-position: center center;background-repeat: no-repeat;border-width: 0px 0px 0px 0px;border-color:#e2e2e2;border-style:solid;\" ><div class=\"fusion-builder-row fusion-row fusion-flex-align-items-flex-start\" style=\"max-width:1216.8px;margin-left: calc(-4% \/ 2 );margin-right: calc(-4% \/ 2 );\"><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-4 fusion_builder_column_1_1 1_1 fusion-flex-column\"><div class=\"fusion-column-wrapper fusion-flex-justify-content-flex-start fusion-content-layout-column\" style=\"background-position:left top;background-repeat:no-repeat;-webkit-background-size:cover;-moz-background-size:cover;-o-background-size:cover;background-size:cover;padding: 0px 0px 0px 0px;\"><div class=\"fusion-text fusion-text-5 fusion-text-no-margin\" style=\"margin-bottom:20px;\"><h2><strong>OUTSOURCING TO SURVIVE <\/strong>THE<strong> BIG QUIT 2021<\/strong><\/h2>\n<p>Some are claiming the <strong>Great Raise 2022<\/strong> (<a href=\"https:\/\/fortune.com\/2021\/12\/01\/labor-shortage-great-resignation-raise-wages-salaries-2022-inflation\/\" target=\"_blank\" rel=\"noopener\">Fortune<\/a>) to be an acting solution to <strong>the Great Resignation. <\/strong>However, certain companies can\u2019t afford to implement it; that is why <strong>Co-Sourcing<\/strong> or an <strong>outsourcing partnership<\/strong> is their best option. Others term a more permanent solution to be changing the attitudes of managers entirely, in addition to all modern job perks (<a href=\"https:\/\/www.gallup.com\/workplace\/351545\/great-resignation-really-great-discontent.aspx\" target=\"_blank\" rel=\"noopener\">Gallup<\/a>). The issue remains the same; what would you do even after all this, if your <strong>employees don\u2019t want to work<\/strong> for you?<\/p>\n<p>With people rethinking the importance of a full work week, voluntary <strong>labor shortage <\/strong>due to separations is causing businesses to face unprecedented challenges. As they grapple to attract any form of talent new or old; <strong>outsourcing<\/strong> is the alternative that can help <strong>manage retention<\/strong> and rising employing costs at the same time. If remote work is to be part and parcel of the new work norm, then why not avail the global talent advantage?<\/p>\n<blockquote>\n<p><strong><em>83% of employers said that shift to remote work has been very successful for their companies<\/em><\/strong> \u2013 <a href=\"https:\/\/www.pwc.com\/us\/en\/library\/covid-19\/us-remote-work-survey.html\" target=\"_blank\" rel=\"noopener\">PWC survey<\/a><\/p>\n<\/blockquote>\n<p>To stay in the game, organizations need to break down work into tasks that can be allocated into different roles. A potent solution is to let an external <strong>co-sourcing<\/strong> firm evaluate your internal processes to bring on the necessary staff immediately.<\/p>\n<p><strong>Offshore teams<\/strong> provide the necessary <strong>turnkey solutions<\/strong> that help businesses stay running in these difficult times. With the potential to generate $600 bn from <strong>services outsourcing<\/strong> (<a href=\"https:\/\/www.outsourceaccelerator.com\/whitepaper\/600bn-outsourcing-service-marketplace\/\">OA<\/a>), destinations such as the <strong>Philippines<\/strong>, <strong>LATAM,<\/strong> <strong>Pakistan<\/strong>, and <strong>China<\/strong> are emerging as favorable <strong>US labor arbitrage<\/strong> locations.<\/p>\n<p>Often mistaken to be the tool of only <strong>large enterprises<\/strong> to leverage, outsourcing can be effectively applied to companies of all sizes. One of the hidden benefits of utilizing an outsourcer is that it is their responsibility to pay employee taxes on all accounts. Especially in the accelerated <strong>labor shortage in the U.S<\/strong>, <strong>offshore teams<\/strong> provide advantages such as:<\/p>\n<\/div><ul class=\"fusion-checklist fusion-checklist-1\" style=\"font-size:18px;line-height:30.6px;\"><li style=\"background-color:rgba(255,255,255,0);\" class=\"fusion-li-item\"><span style=\"background-color:#0176c4;font-size:15.84px;height:30.6px;width:30.6px;margin-right:12.6px;\" class=\"icon-wrapper circle-yes\"><i class=\"fusion-li-icon fa-check fas\" style=\"color:#ffffff;\" aria-hidden=\"true\"><\/i><\/span><div class=\"fusion-li-item-content\" style=\"margin-left:43.2px;color:#494949;\">\n<p>a highly capable, 24\/7 available, skilled, vast talent pool<\/p>\n<\/div><\/li><li style=\"background-color:rgba(255,255,255,0);\" class=\"fusion-li-item\"><span style=\"background-color:#0176c4;font-size:15.84px;height:30.6px;width:30.6px;margin-right:12.6px;\" class=\"icon-wrapper circle-yes\"><i class=\"fusion-li-icon fa-check fas\" style=\"color:#ffffff;\" aria-hidden=\"true\"><\/i><\/span><div class=\"fusion-li-item-content\" style=\"margin-left:43.2px;color:#494949;\">\n<p>lowered attrition rates<\/p>\n<\/div><\/li><li style=\"background-color:rgba(255,255,255,0);\" class=\"fusion-li-item\"><span style=\"background-color:#0176c4;font-size:15.84px;height:30.6px;width:30.6px;margin-right:12.6px;\" class=\"icon-wrapper circle-yes\"><i class=\"fusion-li-icon fa-check fas\" style=\"color:#ffffff;\" aria-hidden=\"true\"><\/i><\/span><div class=\"fusion-li-item-content\" style=\"margin-left:43.2px;color:#494949;\">\n<p>reduction of internal and overhead costs by more than 50%<\/p>\n<\/div><\/li><li style=\"background-color:rgba(255,255,255,0);\" class=\"fusion-li-item\"><span style=\"background-color:#0176c4;font-size:15.84px;height:30.6px;width:30.6px;margin-right:12.6px;\" class=\"icon-wrapper circle-yes\"><i class=\"fusion-li-icon fa-check fas\" style=\"color:#ffffff;\" aria-hidden=\"true\"><\/i><\/span><div class=\"fusion-li-item-content\" style=\"margin-left:43.2px;color:#494949;\">\n<p>excellent service quality with technical support<\/p>\n<\/div><\/li><li style=\"background-color:rgba(255,255,255,0);\" class=\"fusion-li-item\"><span style=\"background-color:#0176c4;font-size:15.84px;height:30.6px;width:30.6px;margin-right:12.6px;\" class=\"icon-wrapper circle-yes\"><i class=\"fusion-li-icon fa-check fas\" style=\"color:#ffffff;\" aria-hidden=\"true\"><\/i><\/span><div class=\"fusion-li-item-content\" style=\"margin-left:43.2px;color:#494949;\">\n<p>customized business solutions<\/p>\n<\/div><\/li><li style=\"background-color:rgba(255,255,255,0);\" class=\"fusion-li-item\"><span style=\"background-color:#0176c4;font-size:15.84px;height:30.6px;width:30.6px;margin-right:12.6px;\" class=\"icon-wrapper circle-yes\"><i class=\"fusion-li-icon fa-check fas\" style=\"color:#ffffff;\" aria-hidden=\"true\"><\/i><\/span><div class=\"fusion-li-item-content\" style=\"margin-left:43.2px;color:#494949;\">\n<p>flexible and instantly scalable teams<\/p>\n<\/div><\/li><li style=\"background-color:rgba(255,255,255,0);\" class=\"fusion-li-item\"><span style=\"background-color:#0176c4;font-size:15.84px;height:30.6px;width:30.6px;margin-right:12.6px;\" class=\"icon-wrapper circle-yes\"><i class=\"fusion-li-icon fa-check fas\" style=\"color:#ffffff;\" aria-hidden=\"true\"><\/i><\/span><div class=\"fusion-li-item-content\" style=\"margin-left:43.2px;color:#494949;\">\n<p>data-redundancy, and much more.<\/p>\n<\/div><\/li><\/ul><div class=\"fusion-text fusion-text-6\" style=\"margin-top:20px;\"><p>With the labor shortage showing no signs of easing up, corporations need to evaluate the use of the global offshore advantage to keep the proverbial lights on (<a href=\"https:\/\/www.outsourceaccelerator.com\/articles\/the-great-resignation-and-how-businesses-are-fighting-back\/\" target=\"_blank\" rel=\"noopener\">Outsource Accelerator<\/a>). The <strong>Great Resignation<\/strong> has created a <strong>labor shortage<\/strong> that can only be addressed with a <strong>global talent pool<\/strong> offered by <strong>offshoring<\/strong>. As businesses are sometimes skeptical of the well-established benefits of an <strong>outsourcer <\/strong>or co-sourcing partner, Premier BPO provides the critical insight that only a true, seasoned <strong>partner <\/strong>can offer. Becoming your guide in all things outsourcing, we focus on mutually beneficial outcomes based on <strong>shared<\/strong> <strong>risk and reward<\/strong> models, while we give proactive advice regarding your business. Visit our <a href=\"https:\/\/bitsypixel.com\/clients\/bpo\/\">website<\/a> to get a free customized consultancy, our <a href=\"https:\/\/bitsypixel.com\/clients\/bpo\/services\/\">services<\/a> to see what we do, or our <a href=\"https:\/\/bitsypixel.com\/clients\/bpo\/blog\/\">blog<\/a> page to find out more about <strong>outsourcing<\/strong>.<\/p>\n<\/div><\/div><style type=\"text\/css\">.fusion-body .fusion-builder-column-4{width:100% !important;margin-top : 0px;margin-bottom : 20px;}.fusion-builder-column-4 > .fusion-column-wrapper {padding-top : 0px !important;padding-right : 0px !important;margin-right : 1.92%;padding-bottom : 0px !important;padding-left : 0px !important;margin-left : 1.92%;}@media only screen and (max-width:1024px) {.fusion-body .fusion-builder-column-4{width:100% !important;order : 0;}.fusion-builder-column-4 > .fusion-column-wrapper {margin-right : 1.92%;margin-left : 1.92%;}}@media only screen and (max-width:640px) {.fusion-body .fusion-builder-column-4{width:100% !important;order : 0;}.fusion-builder-column-4 > .fusion-column-wrapper {margin-right : 1.92%;margin-left : 1.92%;}}<\/style><\/div><\/div><style type=\"text\/css\">.fusion-body .fusion-flex-container.fusion-builder-row-5{ padding-top : 0px;margin-top : 0px;padding-right : 0px;padding-bottom : 0px;margin-bottom : 0px;padding-left : 0px;}<\/style><\/div><\/p>\n","protected":false},"excerpt":{"rendered":"","protected":false},"author":6,"featured_media":5811,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[252,251,250,253,249],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v19.13 - 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