Onshore Accountants vs. Outsourced Virtual Talent: Navigating a Competitive Market with 3.6% Unemployment
In a competitive job market with a 3.6% unemployment rate, hiring onshore accountants can be challenging and may result in settling for mediocre talent. As businesses strive for efficiency and cost-effectiveness, outsourced virtual talent has emerged as an attractive alternative, offering skilled accounting professionals at a rate of $19 an hour. This article explores the benefits of opting for outsourced virtual talent over onshore accountants and how this approach can help businesses stay
competitive and access top-notch accounting expertise. Let’s jump into onshore accountants vs. outsourced virtual talent.
1. Outsourced Virtual Talent Gives You Access to a Superior Talent Pool
One of the primary advantages of outsourced virtual talent is the ability to tap into a global pool of accounting professionals. This allows businesses to select from a broader range of candidates, increasing the chances of finding the right fit with the desired skill set and experience. In contrast, hiring onshore accountants may limit a company’s options due to the competitive job market and low unemployment rate.
2. No One Will Be Able to Compete With You and Your Outsourced Accountant
Outsourced virtual talent often comes at a significantly lower cost than onshore accountants. With an average rate of $19 an hour, outsourced virtual accounting professionals can provide substantial cost savings compared to the salaries and benefits required for onshore employees. This cost-effective approach allows businesses to allocate resources to other areas, such as growth and innovation.
3. Increased Flexibility Allows You To Scale or Contract Easily
Onshore accountants vs. outsourced virtual talent sees one big difference: flexibility. The latter offers increased flexibility for businesses, as they can scale their accounting team up or down based on current needs.
This is particularly beneficial for small and medium-sized businesses that may not require full-time onshore accountants. Additionally, virtual accountants often have the ability to work outside of traditional business hours, providing round-the-clock support and ensuring that financial tasks are completed in a timely manner.
4. Overcoming the Talent Shortage With Outsourced Virtual Employees
As the unemployment rate remains low, businesses may struggle to find qualified onshore accountants, leading to settling for mediocre talent. Outsourced virtual talent can help overcome this challenge, as companies select from a vast array of experienced professionals. This ensures that businesses have access to top-notch accounting expertise, regardless of the competitive onshore
Did we help you decide who wins in the battle of onshore accountants vs. outsourced virtual talent? In the face of a 3.6% unemployment rate and a competitive job market, outsourced virtual talent presents an appealing alternative to hiring onshore accountants.
Virtual accounting professionals can provide businesses with the expertise they need at a fraction of the cost. By embracing outsourced virtual talent, businesses can stay competitive and ensure they have access to exceptional accounting support.