The 4th topic in my series of “Ask the experts – why companies to go through transformation , focuses on: Workforce Demographics.
The level of sophistication in skills sourcing means that businesses can acquire lower cost capabilities, and have a more flexible business model, by switching business functions abroad or to specialist providers in the UK.
To make this move will involve a major transformation programme to transition these back office processes and transform the business operating model. Whether this is “offshore” or “nearshore”, there are many examples where matching skill requirements to business needs can be beneficial from not only a cost point of view, but also access to appropriately skilled staff.
The options are widespread these days: be it an outsourced finance and accounting team in Poland, an IT team in India, or an HR and payroll service in the Czech Republic. If you are a mobile phone manufacturer, the vast factories in Taiwan have the technological capability and the low cost workforce to produce components at a fraction of the price that it would cost in the West.
Next topic in the series (coming soon): New Business Strategy