I hired my first remote employee from the Philippines in February 2013. There is one obvious reason why companies, large and small, implement offshore outsourcing: the significant wage difference. If you consider that labor is usually the biggest cost of businesses, the overall difference in operations expenses could be very significant.
The cost to hire my first virtual employee from the Philippines was 2 US Dollars ($2.00) per hour. Yes, $2.00 per hour. That is less than 1/5th of the minimum wage in the state of Oregon right now. If you add in all the other costs to keep an employee in Oregon (employer taxes, workers comp insurance, benefits, office space, office equipment) that could be close to 1/8 to 1/10 of the true, total cost of an employee.
I will share my story of how I came to find my first employee in the Philippines. As well as how I found and hired more.
I will share some of the many things I’ve learned from my experience of recruiting, hiring, training and managing virtual employees. And I will share my experience of having to fire or layoff employees.
Finally, I understand there are differing opinions when it comes to hiring offshore, remote workers. I’ll discuss my opinion on this topic in a future blog post.
There’s a lot that I have to say and share about offshore outsourcing. More to come…