You are probably wondering about how much outsourcing cost. Let’s talk about how savings you can have from switching to outsourcing.
Two of the questions that are frequently asked by potential clients are: what do Filipinos sound like and how much does cost it costs to employ them. For this episode, we’re going to discuss outsourcing costs first. We will talk about the savings you could make from switching to the outsourcing model and how much they are estimated to cost.
Based on our research, the average annual US income is about $48,600 while the average cost of an outsourced employee is around $14,400. That’s like 1/3 of the price of a US employee with exact or similar skillsets.
In that $48,600 annual average income, the benefits and other costs are not yet included which could easily ramp up their price to about $60,000. While in the $1,200 per month cost of an outsourced employee, all the benefits are already included or computed.
Even if you require a targeted technical skillset, it will still give you at least 50% savings compared to employing a US staff.
I hope this episode was able to enlighten you on how much outsourcing can benefit your business from a financial perspective. Don’t forget to watch the video below and also check out our outsourcing-related content.
Join us weekly as we tackle most of your outsourcing questions! Feel free to ask away in the comment section and we’ll be sure to answer them on upcoming episodes.
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