Author: FarAwayJobs
Companies are increasingly turning to KPO (knowledge process outsourcing) services to run their business operations more effectively and at lower costs. With spiraling demand for such services, running a knowledge process business is a lucrative business proposition. So if you are new to the KPO business model and looking for reliable information, we’ve got you covered. In this article, we’ll explore the KPO business model in detail and lay out a 10-point guide to establishing and running a profitable KPO company. Let’s get started. What is the KPO business model? The KPO business model revolves around value-added services related to…
Like many countries in South Asia, Sri Lanka is a rising star in the global outsourcing industry. Sri Lanka was ranked in the top 10 emerging BPO destinations by Global Services Magazine. It was also named destination of the year by the Global Sourcing Association in 2019. The country’s favorable business environment, skilled workforce, and affordability are just some of the perks of outsourcing to this country. However, there are some drawbacks of outsourcing to Sri Lanka that you should be aware of. In this article, we’ll discover the benefits of outsourcing to Sri Lanka and its main outsourcing industries.…
Tracking employee work hours has become a common practice for businesses today. While it’s crucial for an hourly employee for payroll management, tracking salaried employees’ hours can be beneficial too. It lets you determine billable hours, identify bottlenecks, simplify tracking time-offs, manage projects efficiently, and more. In this article, we’ll cover all about tracking salaried employees’ hours. We’ll discuss its legality, benefits, and ways to track time. We’ll then highlight some must-have time tracking features and the best tool to track time for your salaried employees. As a bonus, we’ll provide some smart tips to make time tracking easy. This…
Last Updated on June 13, 2023 by AIFS Abroad Getting to experience life in Europe can feel like like the ultimate dream for many young people in the U.S., and it’s no wonder why. With approximately 50 countries, each with its own incredible history and vibe, Europe is the perfect place to satisfy your wanderlust cravings. The best part? You can easily hop from one country to another and tick a bunch of must-visit spots off your bucket list — perfect for travel enthusiasts! On top of that, many countries in Europe also offer exciting opportunities for young professionals to…
President of Mexico Andres Manuel Lopez Obrador – commonly referred to by his initials, AMLO – suggested creating a new guestworker program that would allow migrant workers from Mexico and other Central American countries to work in the United States temporarily. AMLO estimated that such a program could bring 600,000 to 800,000 foreign workers to the United States. This proposal mirrors the Bracero program which existed from 1942 until Congress terminated it in 1964. The program allowed mainly Mexican farmhands access to job opportunities in the U.S. Throughout the course of the program’s existence more than 4.6 million Mexican citizens…
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Employee training and development is an important contributor to any company’s growth. Over the past few years, small and large businesses have started investing more and more in employee training. This is because effective employee training leads to numerous benefits. Some of these benefits can be increased employee retention, employee satisfaction, increased productivity, and ultimately better ROI for the businesses. In 2019, total global spending on employee training crossed $370.3 billion. Image Source In the post-COVID-era, where all companies are going remote, it is important to pivot your old employee training methods. Onboarding and training your remote employees is not…
The average annual salary in Bolivia is 102,000 BOB (Bolivian Boliviano) or 8,530 BOB/month. This equates to USD (US Dollar) 14,829/annum or USD 1,240/month according to April 2023 exchange rates. In this article, we will discuss the average salary in Bolivia by range, median, and percentile. We will also explore the average salary by the city and profession and factors that impact average salaries, such as education and experience. Lastly, we’ll look at why Bolivia is great for outsourcing, followed by the top industries to outsource to Bolivia. Table of Contents Let’s go! What is the average salary in Bolivia?…
Attracting top talent to your company is hard. You never truly know if someone is going to be a good fit until you’ve hired them, but by then it can be too late. So, what can you do to ensure you’re attracting and recruiting the right individuals? Of course recruitment isn’t just about finding the right people; you also need to find them at the right time. BPOs, contact centres, and agencies in particular are almost always under time pressure, so it’s crucial to be able to recruit on-demand so that you can scale with client needs. Proper planning and…
An offshore team – one that works for you but in another country – can give businesses access to skilled talent at an affordable cost and reduce their operating costs. But offshore recruitment can be challenging without a thorough understanding of the local employment market. In this article, we’ll discuss what offshore recruitment means and the benefits of having an offshore team. We’ll also share the 10 top offshore recruitment agencies for quicker and more efficient hiring. Table of Contents Let’s get started. What is offshore recruitment? Offshore recruitment refers to the process where companies hire local talent for their…