Breaking down Yempo Solutions clients by sectors reveals which industries most consistently engage offshore accounting in the Philippines or IT outsourcing companies in the Philippines. The top eight are:
1. IT
2. Engineering
3. Finance
4. Retail
5. Health
6. Marketing
7. Business Support
8. Real Estate
Reasons for engaging remote employees vary widely by sector. Of course, the sector norm of cost savings applies to all but managers’ decisions to engage overseas talent typically go far beyond this simple metric.
Let’s explore each sector in turn.
Why do IT companies choose to outsource IT to the Philippines?
Our IT clients are a mix of specialist IT firms that service a particular niche and Managed Service Providers (MSPs) that provide IT support to their own network of clients.
The top three reasons that our IT clients choose to outsource IT to the Philippines are:
1. Availability of quality IT talent. Most find it difficult to recruit and retain the IT talent they need from within the Australian and UK marketplaces. The Philippines has a deep pool of experienced IT talent.
2. Widening business offers and/or business hours. Managed Service Providers that want to provide weekend and out of hours support to their clients engage remote IT talent in the Philippines so that they get their evenings and weekends back! Lower costs enable businesses to turn a margin on opportunities that would not otherwise be profitable.
3. Lower costs and flexibility. Our IT clients seek to build a level of flex into their business models so that they can scale up or down at speed. Lower costs enable them to retain margin that they can invest in research and development or business growth activities.
“We wanted to find local staff but couldn’t. Yempo gives us the senior IT expertise that other outsourcers cannot provide.”
Ron R., Yempo IT client
Why do engineering companies choose to outsource IT and outsource accounting to the Philippines?
In some ways it’s surprising to discover that the engineering sector is Yempo Solutions second biggest engager of offshore talent in the Philippines. When we asked our engineering clients why they chose to engage remote employees they said:
1. To fund core engineering talent. IT and accounting are not the core activities of these firms. They want to find ways to fund core engineering talent that can grow their business and service their clients. Lowering the costs of IT and accounting talent by outsourcing these activities to the Philippines provides a 60% salary saving on these roles that they can plough back into engineering talent.
2. Save management time. Engineering clients tell us that competition for IT and accounting talent in Australia and the UK has led to high staff turnover rates and them being ‘ghosted’ by candidates in the gap between job acceptance and start date. As non-IT and accounting specialists they can appear less attractive to candidates. They want to break this time- wasting cycle and get on with doing business.
“Yempo offers a very cost-effective way to add to your team. You don’t just get given people – we recruit for our own team even though, technically, team members work for Yempo.”
Andrea H., Yempo Engineering client
Why do finance and accounting companies choose to outsource accounting to the Philippines?
Accountancy is the fastest growing sector among Yempo’s clients. Most of our clients are small to medium-sized accounting businesses that provide accounting and bookkeeping services to their own network of SMB clients.
The top three reasons that our accountancy clients say they chose offshore accounting in the Philippines are:
1. Availability of quality accountancy talent. The Philippines has vibrant marketplace of accounting talent that helps them overcome talent shortages in the Australian and UK marketplaces. Connectivity and shared accounting platforms make team working across countries simple and invisible to their clients. It’s not unusual for remote accounting talent in the Philippines to provide front of house customer services for our finance clients.
2. To free local senior talent to pursue business growth. Many accounting activities are procedural and repetitive; tasks that don’t make good use of local senior (and highly paid) talent. These tasks are easily completed by remote accounting talent in the Philippines for a fraction of UK or Australian salary rates.
3. To provide out-of-hours support and services. Many of our accounting clients provide services for small and medium-sized businesses. Owners of these businesses appreciate that their accounting providers’ remote team in the Philippines can support them during bank holidays or out of hours periods since it’s these ‘gaps’ that allow them to catch up with their business administration activities.
“Yempo provides a necessary response to the shortage of quality, Australian, labour.
Yempo’s fully integrated model means they are an extension of our local team. Our clients don’t know difference. Cost is simply an added benefit.”
Simon J., Yempo Accountancy client
Why do retailers, healthcare providers, marketing agencies, business support and real estate companies chose to outsource IT and outsource accounting to the Philippines?
1. Lower costs. IT and accounting are non-core activities for these sectors, so they want to complete these tasks in the most efficient and effective way. Saving +60% of IT and accounting staff salaries is a big win for them.
“Yempo reduces our costs. Their complete recruitment, HR and regulation service protects our business from risk.”
Lizzie R., Yempo Healthcare client.
2. Focus specialist talent. They wish to ensure that their sector specialists aren’t distracted by the constant merry-go-round that is trying to recruit and pay for sufficient local IT and accounting talent. It makes sense for them to let Yempo Solutions find the best talent for them.
“Our offshore team members free up local team members for other activities.
Our offshore team works UK business hours, which is very useful.”
Katie W., Yempo Healthcare client
Find out what outsourcing to the Philippines can do for your business
Our client analysis demonstrates businesses operating in IT, engineering, finance, accountancy, retail, healthcare, marketing, business support and real estate all gain by adding remote IT or remote accounting talent to their teams.
To explore the benefits that your business can gain:
Book a meeting with Michelle.
Complete our contact form and we’ll come back to you within 24 hours.
Thank you for visiting our blog! We hope you found our content informative and engaging. Stay connected with us for more insightful blogs, updates, and tips on outsourcing IT and outsourcing finance in the Philippines, or shoot us an email at [email protected]. We are happy to answer your questions!
Breaking down Yempo Solutions clients by sectors reveals which industries most consistently engage offshore accounting in the Philippines or IT outsourcing companies in the Philippines. The top eight are:
1. IT
2. Engineering
3. Finance
4. Retail
5. Health
6. Marketing
7. Business Support
8. Real Estate
Reasons for engaging remote employees vary widely by sector. Of course, the sector norm of cost savings applies to all but managers’ decisions to engage overseas talent typically go far beyond this simple metric.
Let’s explore each sector in turn.
Why do IT companies choose to outsource IT to the Philippines?
Our IT clients are a mix of specialist IT firms that service a particular niche and Managed Service Providers (MSPs) that provide IT support to their own network of clients.
The top three reasons that our IT clients choose to outsource IT to the Philippines are:
1. Availability of quality IT talent. Most find it difficult to recruit and retain the IT talent they need from within the Australian and UK marketplaces. The Philippines has a deep pool of experienced IT talent.
2. Widening business offers and/or business hours. Managed Service Providers that want to provide weekend and out of hours support to their clients engage remote IT talent in the Philippines so that they get their evenings and weekends back! Lower costs enable businesses to turn a margin on opportunities that would not otherwise be profitable.
3. Lower costs and flexibility. Our IT clients seek to build a level of flex into their business models so that they can scale up or down at speed. Lower costs enable them to retain margin that they can invest in research and development or business growth activities.
“We wanted to find local staff but couldn’t. Yempo gives us the senior IT expertise that other outsourcers cannot provide.”
Ron R., Yempo IT client
Why do engineering companies choose to outsource IT and outsource accounting to the Philippines?
In some ways it’s surprising to discover that the engineering sector is Yempo Solutions second biggest engager of offshore talent in the Philippines. When we asked our engineering clients why they chose to engage remote employees they said:
1. To fund core engineering talent. IT and accounting are not the core activities of these firms. They want to find ways to fund core engineering talent that can grow their business and service their clients. Lowering the costs of IT and accounting talent by outsourcing these activities to the Philippines provides a 60% salary saving on these roles that they can plough back into engineering talent.
2. Save management time. Engineering clients tell us that competition for IT and accounting talent in Australia and the UK has led to high staff turnover rates and them being ‘ghosted’ by candidates in the gap between job acceptance and start date. As non-IT and accounting specialists they can appear less attractive to candidates. They want to break this time- wasting cycle and get on with doing business.
“Yempo offers a very cost-effective way to add to your team. You don’t just get given people – we recruit for our own team even though, technically, team members work for Yempo.”
Andrea H., Yempo Engineering client
Why do finance and accounting companies choose to outsource accounting to the Philippines?
Accountancy is the fastest growing sector among Yempo’s clients. Most of our clients are small to medium-sized accounting businesses that provide accounting and bookkeeping services to their own network of SMB clients.
The top three reasons that our accountancy clients say they chose offshore accounting in the Philippines are:
1. Availability of quality accountancy talent. The Philippines has vibrant marketplace of accounting talent that helps them overcome talent shortages in the Australian and UK marketplaces. Connectivity and shared accounting platforms make team working across countries simple and invisible to their clients. It’s not unusual for remote accounting talent in the Philippines to provide front of house customer services for our finance clients.
2. To free local senior talent to pursue business growth. Many accounting activities are procedural and repetitive; tasks that don’t make good use of local senior (and highly paid) talent. These tasks are easily completed by remote accounting talent in the Philippines for a fraction of UK or Australian salary rates.
3. To provide out-of-hours support and services. Many of our accounting clients provide services for small and medium-sized businesses. Owners of these businesses appreciate that their accounting providers’ remote team in the Philippines can support them during bank holidays or out of hours periods since it’s these ‘gaps’ that allow them to catch up with their business administration activities.
“Yempo provides a necessary response to the shortage of quality, Australian, labour.
Yempo’s fully integrated model means they are an extension of our local team. Our clients don’t know difference. Cost is simply an added benefit.”
Simon J., Yempo Accountancy client
Why do retailers, healthcare providers, marketing agencies, business support and real estate companies chose to outsource IT and outsource accounting to the Philippines?
1. Lower costs. IT and accounting are non-core activities for these sectors, so they want to complete these tasks in the most efficient and effective way. Saving +60% of IT and accounting staff salaries is a big win for them.
“Yempo reduces our costs. Their complete recruitment, HR and regulation service protects our business from risk.”
Lizzie R., Yempo Healthcare client.
2. Focus specialist talent. They wish to ensure that their sector specialists aren’t distracted by the constant merry-go-round that is trying to recruit and pay for sufficient local IT and accounting talent. It makes sense for them to let Yempo Solutions find the best talent for them.
“Our offshore team members free up local team members for other activities.
Our offshore team works UK business hours, which is very useful.”
Katie W., Yempo Healthcare client
Find out what outsourcing to the Philippines can do for your business
Our client analysis demonstrates businesses operating in IT, engineering, finance, accountancy, retail, healthcare, marketing, business support and real estate all gain by adding remote IT or remote accounting talent to their teams.
To explore the benefits that your business can gain:
Book a meeting with Michelle.
Complete our contact form and we’ll come back to you within 24 hours.
Thank you for visiting our blog! We hope you found our content informative and engaging. Stay connected with us for more insightful blogs, updates, and tips on outsourcing IT and outsourcing finance in the Philippines, or shoot us an email at [email protected]. We are happy to answer your questions!
