In this blog you will discover about the latest twin office strategy which is helping the small and medium size accounting firms across the globe. In this strategy you will discover how the firms are maximizing their profit using offshore staffing.
Engaging local staff strategy with your offshore staff strategy
A “Twin Office Strategy” is a built-up into a good deal for accounting firms, international organizations who would love to expand capability, and rising margins and profitability.
These twin offices primarily are going to do sales, strategy, advance marketing, services management, and good deal & follows the procedure with process driven work. It gives us the way to coordinate, collaborate, communicate and influence the success of our advancement methodologies.
This blog we are reviewing, how our twin offices follow the best strategies and can maximize the integration between the onshore and offshore offices.
Leveraging Offshoring provides accountability, cost-effectiveness, scalability, talent, and also its work under government and tax laws, which makes it easy for a company to generate impressive savings while hiring offshore team. Globally offshoring develops a good deal of stimulating, and more accountable roles for your staff which helps them in getting more knowledge and earning productivity.
It will develop both - twinning of offices and help individuals to obtain, improve, retain their skills, knowledge, tools, equipment, etc. It allows both the office staff and firm to perform a greater capacity in terms of large target audience & impactfulness. We are working with 500+ accounting firms, and have a wonderful deal of knowledge on what works and helps in capacity building. At some point there's usually some level of disruption as you alter to a different strategy, the approach, the modification which stiffly influences your output results.
Managing Talent Shortage:
This is a huge issue to manage talent shortages, but we can follow a few strategies to manage our team.
Look In-House Talent:
If we look at in-house talent, it will counteract the effects of talent shortages and also help them boost for new opportunities. As per the survey, 21% say they have provided their staff with new responsibilities and 38% say they have maintained flexible working arrangements. This helps the staff to retain and also prevents emergence of the skill shortages.
Flexibility in Hiring Criteria:
As per the data, 22% of organizations rarely hire professionals who do not meet the expectations, and hold the position for weeks & months. It clearly shows that existing staff are working rigid and possibly it damages their morale and increase in attrition rate. Giving flexibility in hiring criteria can offer a wealth of benefits, boosting the workforce and results in problem solving.
This strategy gets overlooked but it can deal with talent shortages. As you have twin offices, staff can be transferred from one office to another as per the requirement and it provides easy access to a pool of staff with a good understanding of the company and its values and processes. Even as per the survey 27% organizations use internal transfers to counter talent shortages.
Balance Between Team:
Maintaining the balance and keeping them engaged evolves the implementation of your strategy. We need to remember the firm needs to embrace the change, as change comes with uncertainty. Do assure your onshore team is a wide strategy and can help in project management, new campaigns, process -driven work and many more.
Balance of power needs to be integrated between both the offices. It explains a strategy in which a huge power uses desirable regional powers to check the rise of potentially-hostile powers. It stands in contrast to the dominant grand strategy in the United States. Offshore balancing concerns an excellent power to withdraw from onshore positions and focus on its offshore capabilities.
Entigrity™ is a trusted offshore staffing partner to over 500+ accountants, CPAs and tax firms across the US and Canada. Our flexible and transparent hiring model gives helps firms of all sizes to hire staff for accounting, bookkeeping, tax preparation or any other task for 75% less cost. As a firm 'run by accountants, for the accountants', Entigrity captures the hiring needs of accounting firms most precisely, providing staff that works directly under your control and management, still you are left with least to worry about compliance, payroll taxes, overheads or any other benefits.