Business Innovation
Why Innovate
• Increased competition
• Cost concerns
• Globalization
• Rapidly growing internet technologies – the
social ...
Digital Imperative
• Web 2 and the proliferation of internet
technology – the big bang theory
http://www.facebook.com/imsd...
Traditional Business Model for
Recruitment Companies
Transaction Based, No Major Differentiator
Key Need – Cost Optimizati...
Why Offshore Outsourcing
• Global offshore outsourcing business for IT
and other services is estimated at $55 Billion –
20...
Why Outsource
6%
3%
8%
6%
17%
3%
16%
12%
3%
12%
2%
2%
4%
5%
0% 5% 10% 15% 20%
Take Advantage of Capabilities
Share Risks
R...
Processing
Costs when
performed
in-house
Off-shore
Processing Cost
Additional Cost
for Remote
Services
Total Cost for
Off-...
How can it be
made
successful
4%
5%
4%
3%
10%
8%
2%
14%
12%
7%
5%
21%
5%
0% 5% 10% 15% 20% 25%
Near Term Financial Justifi...
http://www.facebook.com/imsdigital http://twitter.com/imspeople http://in.linkedin.com/in/imsdigital http://www.youtube.co...
What is being outsourced
68%
48%
46%
21%
19%
13%
12%
0% 10% 20% 30% 40% 50% 60% 70% 80%
Payroll
Tax Compliance
Benefits & ...
Changing Role of Staffing Companies
Vendor Approach
Demand Based
Generalist
Database & Active Candidate Mode
REACTIVE STRA...
About IMS
http://www.facebook.com/imsdigital http://twitter.com/imspeople http://in.linkedin.com/in/imsdigital http://www.youtube.co...
http://www.facebook.com/imsdigital http://twitter.com/imspeople http://in.linkedin.com/in/imsdigital http://www.youtube.co...
http://www.facebook.com/imsdigital http://twitter.com/imspeople http://in.linkedin.com/in/imsdigital http://www.youtube.co...
Business innovation for recruitment industry
Business innovation for recruitment industry
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Business innovation for recruitment industry

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Business innovation for recruitment industry

  1. 1. Business Innovation
  2. 2. Why Innovate • Increased competition • Cost concerns • Globalization • Rapidly growing internet technologies – the social media network http://www.facebook.com/imsdigital http://twitter.com/imspeople http://in.linkedin.com/in/imsdigital http://www.youtube.com/user/imsdigital
  3. 3. Digital Imperative • Web 2 and the proliferation of internet technology – the big bang theory http://www.facebook.com/imsdigital http://twitter.com/imspeople http://in.linkedin.com/in/imsdigital http://www.youtube.com/user/imsdigital
  4. 4. Traditional Business Model for Recruitment Companies Transaction Based, No Major Differentiator Key Need – Cost Optimization and Process Efficiency http://www.facebook.com/imsdigital http://twitter.com/imspeople http://in.linkedin.com/in/imsdigital http://www.youtube.com/user/imsdigital
  5. 5. Why Offshore Outsourcing • Global offshore outsourcing business for IT and other services is estimated at $55 Billion – 2008 • Estimated annual growth rate 20%+ over the next five years http://www.facebook.com/imsdigital http://twitter.com/imspeople http://in.linkedin.com/in/imsdigital http://www.youtube.com/user/imsdigital
  6. 6. Why Outsource 6% 3% 8% 6% 17% 3% 16% 12% 3% 12% 2% 2% 4% 5% 0% 5% 10% 15% 20% Take Advantage of Capabilities Share Risks Resources not available internally Reduce time to market Reduce and control operating costs Make capital funds available Improve company focus Gain access to wold class capabilities Function difficult to manage or out of contro.l Free resources for other purposes Cash influsion Asset transfer Accelerate re-engineering benefits No response http://www.facebook.com/imsdigital http://twitter.com/imspeople http://in.linkedin.com/in/imsdigital http://www.youtube.com/user/imsdigital
  7. 7. Processing Costs when performed in-house Off-shore Processing Cost Additional Cost for Remote Services Total Cost for Off-shoring http://www.facebook.com/imsdigital http://twitter.com/imspeople http://in.linkedin.com/in/imsdigital http://www.youtube.com/user/imsdigital
  8. 8. How can it be made successful 4% 5% 4% 3% 10% 8% 2% 14% 12% 7% 5% 21% 5% 0% 5% 10% 15% 20% 25% Near Term Financial Justification Cultural Compatibility Access to Outside Expertise Open Communication with Affected Individuals and Groups Understanding Your Firms Goals and Objectives Strategic Vision and Plan Careful Attention to Personal Issues Ongoing Management of Relationships Properly Structured Contract Proper Mix of Retained Inhouse Staff and OS Operations Senior Executive Support and Involvement Selecting the Right Vendor No response http://www.facebook.com/imsdigital http://twitter.com/imspeople http://in.linkedin.com/in/imsdigital http://www.youtube.com/user/imsdigital
  9. 9. http://www.facebook.com/imsdigital http://twitter.com/imspeople http://in.linkedin.com/in/imsdigital http://www.youtube.com/user/imsdigital
  10. 10. What is being outsourced 68% 48% 46% 21% 19% 13% 12% 0% 10% 20% 30% 40% 50% 60% 70% 80% Payroll Tax Compliance Benefits & Claims Administration Internal Auditing Accounting Human Resources Asset Management http://www.facebook.com/imsdigital http://twitter.com/imspeople http://in.linkedin.com/in/imsdigital http://www.youtube.com/user/imsdigital
  11. 11. Changing Role of Staffing Companies Vendor Approach Demand Based Generalist Database & Active Candidate Mode REACTIVE STRATEGY Partnership Approach Planning Based Specialist Research & Passive Candidate Mode PROACTIVE STRATEGY http://www.facebook.com/imsdigital http://twitter.com/imspeople http://in.linkedin.com/in/imsdigital http://www.youtube.com/user/imsdigital
  12. 12. About IMS
  13. 13. http://www.facebook.com/imsdigital http://twitter.com/imspeople http://in.linkedin.com/in/imsdigital http://www.youtube.com/user/imsdigital
  14. 14. http://www.facebook.com/imsdigital http://twitter.com/imspeople http://in.linkedin.com/in/imsdigital http://www.youtube.com/user/imsdigital
  15. 15. http://www.facebook.com/imsdigital http://twitter.com/imspeople http://in.linkedin.com/in/imsdigital http://www.youtube.com/user/imsdigital

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