What are Co-sourcing Services?
Co-sourcing is a new spin to traditional outsourcing. It can even be thought of as an international Professional Employer Organization (PEO) service, just a little bit extra. Co-sourcing was created to address the pain points in both traditional outsourcing and International PEO models. Co-sourcing is the closest companies can get to creating their own offshore subsidiary at a scale that makes sense for them.
Services: payroll, tax, insurance, benefits, compliance, IT support, HR, recruiting, co-management support, facilities, turnover co management
Strengths
Access to global talent
Ability to start at any scale
Maximum control, visibility, and flexibility
Easily scalable
Some of the management cost is shifted
IT and facilities support
Co-management to help ensure success
Month to month, flexible contracts
Weaknesses
Initial training and management involvement
In this model there is more involvement required, than a traditional outsourcing model, from the client at the start to ensure success.
Turnover Risks
Turnover is still a felt challenge for the client in this model. It is alleviated because of vendor support but still exists.
Co-sourcing allows you to have a partner who will work with you to improve the bottom line and unlock business growth. With Co-sourcing you have dedicated team you can utilize. You have 100% visibility and control and supervision of the structure, training, activities, and deliverables of the dedicated team. This follows for customizing productivity metrics to fit your preferences or requirements. Read more on co-sourcing in our previous article.
Connext Global Solutions helps companies build custom, dedicated support teams in the Philippines.
Co-source with Connext today.
Follow us on:
Facebook: Connext
LinkedIn: Connext
Instagram: @connextglobalsolutions_
Twitter: @ConnextPh
