The recent pandemic has proven that we are truly a globalised work-force. Boundaries around labour markets have become more flexible. Business process outsourcing (BPO) is now a huge by-product of this pandemic, as Australian companies try to cut labour costs and make the most of allowing their employees to work remotely. It’s the perfect answer … Read More
Managing business can be a tough job for entrepreneurs because they have to balance controlling their costs without compromising quality. Business owners implement strategies that target this balance. Some entrepreneurs already contract workforce talent overseas,targeting labour markets which offer highly skilled, well-educated workers at a lower cost. This is called outsourcing. Offshoring is a similar means … Read More
As a credit control expert, I often come across the accounts of “high-turnover” businesses, who are nonetheless, drowning in debt and struggling to show a profit. Usually it’s because they don’t have good systems in place to ensure bad debt is reduced or illuminated. Today I want to help you avoid getting into debt in … Read More
Business Process Outsourcing (BPO) Explained Business process outsourcing, or BPO, is a business practice in which you hire another company to perform a process task that you require for your own business to operate successfully. BPO has its roots in the manufacturing industry, with manufacturers hiring other companies to handle specific processes, such as the … Read More