Virtual Captive: Balance between Risk and Control
A large, multinational company can decide to set up offshore operations immediately through the virtual captive model. Virtual captive operations are large, offshore operations managed by a BPO service provider in behalf of a client-company. The BPO service provider provides infrastructure, manpower, and allied resources in a virtual captive operation, while the client-company provides operational mechanisms and even technology for their offshore operation.
In a virtual captive model, instead of the client-company laying out capital, the BPO service provider invests for infrastructure and manpower. The familiarity of the BPO service provider with the nuances and needs of the location makes for a great advantage, too, as it reduces valuable time spent in establishing operations. Even eventual expansion is made easy with a BPO service provider already in place. A client-company can quickly and easily establish a whole offshore division with a reliable BPO service provider.
Most experts recommend the virtual captive model for mid-sized companies who want to have offshore operations but do not have the capacity and the resources. If a client-company has not made a significant presence within the region, hiring a BPO service provider to set up virtual captive operations can make recruitment easier and attrition rates lower.
A virtual captive in the Philippines is a reliable investment for mid-sized and large companies. The country has been considered by industry experts as one of the top offshoring destinations, competing with India, China, and Russia. The country boasts of an affordable, skilled, and highly educated workforce, aside from the numerous multinational companies that have contracted the outsourcing services of Philippines-based BPO service providers.
Setting up a virtual captive in Manila with a reliable BPO service provider reduces costs and lessens risks for a client-company. The latter also benefits from the quick turnaround and the balance between risk and control.
In a virtual captive model, instead of the client-company laying out capital, the BPO service provider invests for infrastructure and manpower. The familiarity of the BPO service provider with the nuances and needs of the location makes for a great advantage, too, as it reduces valuable time spent in establishing operations. Even eventual expansion is made easy with a BPO service provider already in place. A client-company can quickly and easily establish a whole offshore division with a reliable BPO service provider.
Most experts recommend the virtual captive model for mid-sized companies who want to have offshore operations but do not have the capacity and the resources. If a client-company has not made a significant presence within the region, hiring a BPO service provider to set up virtual captive operations can make recruitment easier and attrition rates lower.
A virtual captive in the Philippines is a reliable investment for mid-sized and large companies. The country has been considered by industry experts as one of the top offshoring destinations, competing with India, China, and Russia. The country boasts of an affordable, skilled, and highly educated workforce, aside from the numerous multinational companies that have contracted the outsourcing services of Philippines-based BPO service providers.
Setting up a virtual captive in Manila with a reliable BPO service provider reduces costs and lessens risks for a client-company. The latter also benefits from the quick turnaround and the balance between risk and control.