Jaco Swanepoel’s Post

With more and more companies shifting towards a global team, the trend of offshoring is also increasing. But that doesn’t mean employers aren’t hesitant to make the switch. In our latest article, we take an in-depth look at the benefits of offshoring, and how UK companies can beat the talent shortage by tapping into South Africa’s pool of talent. 🌎 Read it here! 👇 https://lnkd.in/dcC_NVGV #NewBlogPost #Offshoring #HireFarOut #BeatingTheTalentShortage 

Despite the fact that offshoring is a super viable option for so many businesses, employers are still hesitant to take the leap. That’s why we put together a piece that breaks down everything you need to know about offshoring — and why South Africa is becoming a go-to for UK employers. Read it to find out more! 👇 #Offshoring #FinanceTalent #BeatingTheTalentShortage #HireFarOut https://lnkd.in/dita-iUi

Top 5 Mistakes When Offshoring Accounting 1. Neglecting Due Diligence: Failing to thoroughly vet potential offshore providers. 2. Overlooking Communication Barriers: Ignoring potential issues with time zones and language differences. 3. Choosing Cost Over Quality: Selecting the absolute cheapest provider without considering the skill level and expertise. 4. Ignoring Data Security: Not ensuring robust data protection measures are in place. 5. Lack of Cultural Awareness: Failing to understand and navigate cultural differences. At Selective Offshoring, we help you avoid these pitfalls and ensure a smooth transition. Learn more (https://lnkd.in/e25rQAEg). #Offshoring #Accounting #BusinessGrowth #SelectiveOffshoring

How a small event helped me understand human behavior and cultural differences: A Key to Building Trust in Offshoring? 🌍 Offshoring —it’s about building bridges between cultures, understanding unique perspectives, and fostering trust. Recently, I experienced this firsthand when a colleague from our Australian accounting firm visited our offshore team in Nepal. ▶ For a week, he stayed with my family, enjoying Nepalese food, culture, and even taking in the breathtaking views of the Annapurna range. To celebrate his visit, I invited the team for a farewell dinner. To my surprise, they not only brought souvenirs but came dressed in traditional cultural attire—a wonderful gesture of warmth and respect. However, what struck me most was a small, yet telling moment at the dinner. When I asked my colleague to cover the cost of the meal as a reciprocal gesture, his response was, “I am happy to pay only for what I consumed.” This replayed in my mind for days. I realized this wasn’t about the money but a reflection of different attitudes toward spending.🔎 In Nepal, it's common for teams to share meals, cover costs collectively, or take turns treating each other. It’s a way of bonding and building community. In Australia, however, such expenses are often viewed as private or subject to Fringe Benefits Tax (FBT), and team activities like dinners are seen differently. This small exchange opened my eyes to how deeply cultural differences can influence business dynamics. (Thanks my colleague 🙂 ). ▶ A month ago, I was asked to submit detailed costs, splitting the business and personal use of these expenses, which came as a surprise and, frankly, felt a bit restrictive. In Australia, there’s a clear requirement to split expenses for private and business use. Only the business portion can be claimed as a deduction or charged to the company’s profit and loss account. In Nepal, we don’t generally have this concept of splitting expenses. As long as there’s documentary evidence and the vehicle or services are under the company’s name, we typically charge the full amount to the profit and loss account. This difference in approach reflects not just compliance rules but also varying cultural perspectives on how business expenses are treated. These small, seemingly insignificant details have a profound impact on how we work together. When offshoring, it’s important to recognize and respect these differences—not just in compliance or operations, but in the simple, everyday behaviors that define us. Understanding and respecting these differences can go a long way in building trust, strengthening relationships, and ensuring long-term success for any offshore collaboration. 🤝 🤟 #Offshoring #CulturalDifferences #TeamBuilding #TrustInBusiness #GlobalBusiness #Accounting #Nepal #Australia #Leadership #Diversity #BusinessCulture

📉 The accounting talent shortage is real, and firms are finding innovative solutions! Did you know that 25% have already embraced offshoring, and another 12% are gearing up to join them? Offshoring isn't just a trend—it’s a strategic move with incredible benefits: 💰 Cost Savings: Access skilled professionals without breaking the bank. 🌍 Global Talent Pool: Tap into diverse expertise and fresh perspectives. 🕒 24/7 Operations: Leverage time zones for round-the-clock productivity. Is your firm considering offshoring? Let's discuss how this strategy can transform your operations! #Accounting #Offshoring #GlobalBusiness https://lnkd.in/gQWNvgzx

Offshoring can be a game-changer for firms needing to cut costs and improve efficiency. Many people know about the benefits of offshoring, but aren't sure how to get started tapping into the global pool of top-tier, budget-friendly talent that offshoring delivers. To help demystify the process, we’ve created a visually intuitive infographic explaining it all: “How to Offshore in 8 Easy Steps”. In this infographic, we break down key steps like selecting the right partner, recruiting top talent, and managing your offshore team seamlessly—all designed to help you boost productivity while slashing labor costs by up to 70%. It's another free resource EVES is making available as part of an education campaign to help companies learn about options to overcome the current shortage of accountants in the US market. https://lnkd.in/gSAmist2

Considering offshoring your business operations to lower costs and increase efficiency? Our team prepared this comprehensive guide on the business advantages of IT offshoring. We discuss why the Philippines is an excellent offshore option for businesses looking to save on labour costs and leverage specialized skills. Plus, discover the six key benefits of IT offshoring and how to prepare for partnering with an offshoring provider. #IToffshoring #Philippines #efficiency #offshoreoperations https://lnkd.in/gwJhkqBd

🔮 𝐌𝐲𝐭𝐡𝐛𝐮𝐬𝐭𝐢𝐧𝐠 𝐎𝐟𝐟𝐬𝐡𝐨𝐫𝐢𝐧𝐠/𝐎𝐮𝐭𝐬𝐨𝐮𝐫𝐜𝐢𝐧𝐠 𝐌𝐢𝐬𝐜𝐨𝐧𝐜𝐞𝐩𝐭𝐢𝐨𝐧𝐬 🔮 ⛓ 𝗦𝗹𝗮𝘃𝗲 𝗟𝗮𝗯𝗼𝘂𝗿, 𝗦𝘄𝗲𝗮𝘁 𝗦𝗵𝗼𝗽𝘀 𝗮𝗻𝗱 𝗟𝗼𝘄 𝗪𝗮𝗴𝗲𝘀 💲 This is one of the most prevalent fallacies about offshoring/outsourcing practices. It's often viewed as a means to exploit low-wage labour and enforce strenuous working conditions. Not Boomering! Our approach is rooted in creating win-win scenarios, where both clients and offshore team members thrive together. For our staff, at the heart of our operations, is a commitment to; ✔️ A Safe Work Environment Mentally and Physically ✔️ Transparency ✔️ Fairness ✔️ Genuine Long-term Relationships ✔️ Fair Compensation ✔️ Professional Work Conditions ✔️ Ethical Work Environment ✔️ Personal and Professional Growth ✔️ Economic Opportunities Nothing encapsulates this ethos more than our "flat offshore fee model" deliberately designed to be equitable, basing client fees on team size and 𝙉𝙊𝙏 individual salaries. This neutrality underscores our dedication to enriching both client and staff lives and creates the trifecta of a win-win-win scenario. By fostering a fun environment of trust, respect and mutual growth, we debunk the myth that offshoring is synonymous with slave labour. Instead, we champion a model that celebrates cultural diversity, talent and the collective success of our exceptional talents here in the Philippines. Boomering fact; 𝘛𝘩𝘦 𝘩𝘦𝘢𝘥𝘴 𝘰𝘧 𝘙𝘦𝘤𝘳𝘶𝘪𝘵𝘮𝘦𝘯𝘵 𝘢𝘯𝘥 𝘏𝘶𝘮𝘢𝘯 𝘙𝘦𝘴𝘰𝘶𝘳𝘤𝘦𝘴, 𝘢𝘯𝘥 𝘷𝘢𝘭𝘶𝘦𝘥 𝘮𝘦𝘮𝘣𝘦𝘳𝘴 𝘰𝘧 𝘰𝘶𝘳 𝘭𝘦𝘢𝘥𝘦𝘳𝘴𝘩𝘪𝘱 𝘵𝘦𝘢𝘮, 𝘢𝘳𝘦 𝘣𝘰𝘵𝘩 𝘢𝘮𝘢𝘻𝘪𝘯𝘨 𝘍𝘪𝘭𝘱𝘪𝘯𝘢 𝘱𝘳𝘰𝘧𝘦𝘴𝘴𝘪𝘰𝘯𝘢𝘭𝘴 𝘥𝘰𝘪𝘯𝘨 𝘰𝘶𝘵𝘴𝘵𝘢𝘯𝘥𝘪𝘯𝘨 𝘸𝘰𝘳𝘬. Interested in offshoring or do you have an opinion on this? Please, 💬 comment below 👇 -------------------------------------- I'm Peter, Networking and connecting Legend 💥 Helping people & businesses connect & collaborate to maximise relationship outcomes 💥 Saving clients up to 70% in operational costs If you like this post and would like to know more... Ring the 🔔 on my Profile to receive my content directly in your LinkedIn Notifications Tab. #offshoring #transparency #ethicalpractices #mythbusting

Unlock the full potential of offshoring with these essential steps for a smooth journey in the Philippines. Learn how to craft a tailored strategy, choose the right partner, and foster a conducive working environment to thrive in the global marketplace. Read this insightful article by Ivan Trajkovski, General Manager Australia & NZ at KMC Solutions now 👇 ------------- Join our newsletter for top tips on offshoring success: 🆓 https://lnkd.in/gev_UBwT 🆓 ------------- #offshoring #Philippines #globalization #businessstrategy

Is nearshoring the Key to Overcoming Challenges for Belgian Accountants?    From talent shortages and increasing compliance demands to the integration of digital tools like PEPPOL, Belgian accountants face an uphill battle. But what if nearshoring could be the game-changer your firm needs? 🔗 Read the full guide: https://lnkd.in/gNQGnc9d     In our latest blog, we debunk myths surrounding outsourcing and explore how nearshoring can:  ✅ Address talent shortages with access to skilled professionals.  ✅ Reduce your team cost with 50%  ✅ Improve accuracy and data reliability.  ✅ Ensure timely client reporting while meeting regulatory demands.  ✅ Simplify digital transformation with expert-led tech integration.    Discover how nearshoring to Eastvantage can empower your firm to scale, stay compliant, and focus on value-added services for clients.    #Accounting #Outsourcing #Nearshoring #Belgium #DigitalTransformation #FinanceInnovation