Virtual Office, Virtual Employees

Virtual Office: A remote work center with a minimal investment

Setting up an additional office to grow your business can be a real challenge. You have to make a huge investment in office space, facilities, technology and of course, human resources. As your new office location may be unfamiliar, there is a risk that you may not get it right. Your investment may not fetch you the returns you expected.

To minimise the risk involved, you may choose end-to-end outsourcing. But then, you end up losing control over processes and resources. Your business will not grow either.

What is the solution? Read on to find out how the Virtual Captive or Virtual office model of outsourcing can give you the best of both worlds - your own virtual office with virtual employees and minimal investment, combined with the services of an outsourcing provider.

Virtual Captive Office - What is it?

A Virtual Captive office is a remote work centre of a client company, set up and run by an outsourcing service provider. Unlike a captive office model, the client company makes minimal investment.

Some features of a Virtual Captive or Virtual Office are :

Outsourcing service provider sets up complete infrastructure for the client.

Service provider hires best-fit local human resources.

Service provider hirer managers if needed.

Provider delivers periodic status updates and documentation

Client company remotely manages its dedicated virtual employees.

Virtual office runs under the brand name of Client Company.

Client company retains control over recruitment and processes.

Virtual Employees

The Virtual office service provider recruits human resources according to the requirements of the client. The service provider enables the client company to access a wide-base of skilled and experienced talent, something the client may not have been able to do alone. This also enables a client company to be agile, as it can scale up quickly.

The client company is involved in every stage of the recruitment process. The clients can screen the candidates provided by the service vendor, conduct online assessment tests and take part in the interview process through web cameras and teleconferencing.

The selected candidates become dedicated virtual employees of the client company.
Virtual employees can be monitored and managed remotely via email, chat and teleconferencing. Alternatively, client companies can requisition managers from the service provider to manage virtual employees.

Online payments can be made to the employees for their remuneration via payment gateways.

The Benefits of a Virtual Office

Having a Virtual Captive or virtual office allows a business to take advantage of the services of an expert outsourcing provider, while retaining control over processes and resources. The Virtual Office functions in the name of the Client company.

Some benefits of a Virtual office outsourcing model to a business are:

Minimal investment in infrastructure and resources.

Concentration on core-competencies as service provider takes on responsibilities.

Access to wide-range of best-fit local human resources.

Active participation in recruitment process.

Remote management of virtual employees.

Access to best-practices and knowledge base of niche provider.

Ability to scale up or scale down operations quickly.

Cost-effectiveness.

Business growth with relatively less effort.

The Emerging Trend of Virtual Offices

Some sectors which have made use the Virtual Captive office are investment banks, companies looking to outsource back-office operations and web development companies. Investment banks such as Bear Stearns and Nomura Securities are exploring the virtual office model in India. A virtual office agreement was also signed between Genpact and Wachovia in 2005 for back-office operations.

Goldmine Technologies , provides Virtual Office services in the area of web design and development. Goldmine Technologies delivers best-of-breed web developers and designers along with infrastructure for setting up Virtual Offices. Small businesses seeking business growth and consultants wanting to handle extra onrush of projects can utilise Goldmine's services to set up their Virtual Office.

Go Virtual !

Virtual Captive offices can minimise your risk in setting up a remote office, as you will have to make negligible investments as compared to a captive office model. You get to retain control over the resources and processes, with the Virtual Office formally functioning under your company name, although your provider does most of the work. So now you can have your cake and eat it too!

Go ahead and set up a Virtual Office, and watch your business grow!

- Professionally Qualified Employees - Secured Development Environment - High coding standards - No hidden charges - Online 24/7 support More benefits

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