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IT Outsourcing: How Businesses Can Maintain A Cost-Effective IT Workforce

IT Workforce

Whether you’re a small-medium business struggling to gain a foothold in your industry or a burgeoning organisation geared for rapid expansion, the universal problem of profitability plagues every company regardless of size or industry.

Two primary challenges – overhead costs and total cost of ownership for new assets, compel today’s key decision-makers to make tough choices between efficiency and profitability. In response, third-party solutions have emerged as the optimal approach for businesses seeking to reduce overhead while establishing a cost-effective IT workforce.

But is this solution too good to be true? Not at all. Below, we discuss some outsourcing solutions businesses should consider implementing to bolster their IT capabilities.

1. IT Outsourcing

The expense of hiring full-time staff is significant, encompassing costs for recruitment, onboarding, and training, which can range from $800 to $3500 per employee, as reported by HR Singapore. Moreover, the current labour market’s high IT professional salaries further inflate overhead costs. To counteract this, businesses are increasingly turning towards IT outsourcing to fulfil their business needs and enhance existing IT infrastructure without the overhead of additional full-time staff.

Outsourced IT solutions offer tailored and flexible options, allowing businesses to specify onsite or remote resources needed, Skill sets and contract term duration based on their IT requirements. With its ecosystem of established partners and diverse pool of tech experts, MyRepublic’s IT Outsourcing is the perfect way to help manage a wide range of technology services whenever and wherever you need.

2. Managed Experience Platform

With business growth comes increased complexity in operations, necessitating more personnel for day-to-day tasks. However, rather than immediately hiring additional staff, a more prudent approach involves leveraging technology and third-party solutions to reduce costs. Outsourced Managed Experience Platforms automate processes and simplify workplace complexities through advanced machine-learning insights.

MyRepublic’s Managed Experience Platform is designed to elevate customer and employee digital experiences, providing businesses with actionable digital experience insights that translate to heightened performance and productivity gains. By prioritising operational expenses, the platform’s asset visibility helps lower associated IT costs while helping manage the IT experience of a growing workforce.

3. Device-as-a-Service

The upfront costs of buying devices (e.g. laptops) for daily operations can often require a significant capital investment, which diverts funds away from revenue-generating activities. Additionally, these devices experience wear and tear over time due to use and negatively impact a company’s liquidity. To address these challenges, businesses should opt for Device-as-a-service (DaaS) solutions to transfer capital expenditure to operational expenses.

DaaS solutions reduce the upfront costs of business ownership through flexible support options and on-site warranties to ensure remediation in the event of hardware failure. MyRepublic’s Device-as-a-Service Solution empowers business owners to optimise their run time efficiency through ongoing management and remote access support, guaranteeing uninterrupted operations and timely resolution of hardware issues.

4. Managed Cloud Services

As businesses increasingly rely on cloud technology for their operations, managing cloud infrastructure efficiently grows in priority. However, maintaining an in-house team to handle cloud services can be resource-intensive and costly. In response, businesses are turning to managed cloud services to streamline their cloud operations and reduce overhead costs.

Managed cloud services provide expert support for cloud infrastructure, including setup, monitoring, maintenance, and optimisation. By outsourcing these responsibilities to a specialised provider, businesses gain access to a team of experienced professionals without the expense of hiring and training an in-house team. MyRepublic Managed Cloud Services offers tailored solutions to meet the unique needs of businesses, enabling them to maintain a cost-effective IT workforce without compromising the performance, security, or scalability of cloud environments.