ON “VIRTUAL EMPLOYEE â€‌ .. Alternate to Conventional Offshore Outsourcing and Hiring In-House

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ON “VIRTUAL EMPLOYEE ” ….. Alternate to Conventional Offshore Outsourcing and Hiring In-House. PRESENTATION. WHAT IS “VIRTUAL EMPLOYEE”?. Virtual Employee (VE) means your employee not physically located with in your own office in home country but located in offshore locations and - PowerPoint PPT Presentation

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  • ON

    VIRTUAL EMPLOYEE

    .. Alternate to Conventional Offshore Outsourcing and Hiring In-House

  • WHAT IS VIRTUAL EMPLOYEE?Virtual Employee (VE) means your employee not physically located with in your own office in home country but located in offshore locations and works for you remotely under your complete control and management as if he/she is your own employee, with no employee liabilities.

    FEATURES

    VE is employee of service provider legally but in practice it is clients employee.

    VE works with the client and the client gives instructions on daily basis, allocates daily tasks, responsibilities and duties, time line exactly the way as if the client does with own employee in its own office.

    Client is responsible for the work output and delivery from VE.

    Client retains ownership over the IPs and work product, produced by VE.

  • WHY HIRE A VIRUAL EMPLOYEE FROM INDIA

    Saves more than 70% of your Recruitment Budget.

    Saves more than 70% of your Payroll Budget

    Best Talent Pool in India (Multi-Disciplined)

    Over 3.5 million Graduates and Post Graduates are added annually to the Talent Pool

    Strong Economic Fundamentals.

    Young Demographic Profile - 60% of Population in the Age Group of 24-26 Years.

    Work 24X7

    Excellent English Language Skills

    Intelligent Infrastructure.

    Gives you flexible hoursBest Talent Pool In India***Source :- NASSCOM ATKEARNEY Strategic Review 2009

    Literacy Rate(Youth Literacy Rate)82 % (2001)No of Graduate per annum ***3.5 Million (25% increase in 4 years)Average Increase in Number of engineering students ***20 % (Per Annum)

    Number of Engineering Graduates ***350,000 (Per Annum)

    Number of Graduates from non technical stream including science, commerce and arts***2.9 Million (Per annum)No of universities***369Number of Higher Educational Institute***18064

  • HOW DOES IT WORK?Recruitment and Selection

    Payroll Management

    HR Management

    Dedicated Work Stations & IT Infrastructure

    IT Help Desk

    Support Services / Back office Operation

    Instructs their Employee on Daily Task, Responsibilities and Duties

    Decides How to Implement and Execute Work

    Decides What hours Employee will Work

    Sets Work Deadline

    Supervises and Monitors Work

    Responsible for Work Output and Delivery

    Training and Development of VE

    Formulation of HR Policy, Work Ethics Guidelines and ProceduresClient We

  • VIRTUAL EMPLOYEE PROCESS FLOW1. Requirement AnalysisIn dept discussion with our client to ensure our complete understandingof the position & responsibilities requiredof the successful candidates. 2. Identify Prospective VEUsing our network of contacts,our database and advertisingwe start to build a list of prospective candidates.

    3. Initial Screening and InterviewScreening of potential candidatesprior presentation to client. Thisstep includes in-dept evaluationinterviews, attitude 7 aptitude tests,language level assessment and problemsolving ability test4. Presentation to clientPresentation of final candidatesis made to our client in writing via a detailed confidential reportcontaining our summary appraisalof each short listed candidate. Thisis followed by introduction of candidates to the client.5. Reference CheckingIn practice to directly, contactsupervisor, peers & subordinatesof past and if possible, currentemployerFormal Employment

  • WHAT IS REQUIRED & WHAT WE OFFERDedicated Virtual Employee

    Work StationFurniturePersonal ExtensionWhite BoardStorageTask LightMusic PortNetworkingExecutive CabinProject Manager Room-cum-Meeting RoomExtension with only Incoming FacilitiesDesktopPrinterIndividual Voice & Data PortPSTN LinesProvisions for UPS RoomProvisions for Server RoomIndependent Access Control

    HR Services

    IT Help Desk

    Support Services

    What is RequiredWhat we offer Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes YesNote: In case, you require 8-10 virtual employees, we can provide you with Private Modular Facilities comprised of 8-10 workstations with executive cabins & project meeting room having Independent access control.

  • SERVICES

    Following are the functional areas in which we provide Virtual Employee servicesAccounting, Finance, Tax

    Architecture, Interior Design

    Banking, Insurance

    HR

    Administrator

    IT software

    ITEB / BPO

    Legal

    Sales & Marketing / Business Development

    Purchase / Logistics / Supply Chain

  • ADVANTAGES OF VEVery Cost Effective - Workforce and IT Infrastructure just at 1/5th of the cost with improved efficiencies

    No employee liabilities

    No set up time

    Offshore Presence without setting up Corporation or Branch Office

    Best Alternate to Conventional Offshore Outsourcing and Expansion In-House

    Save time, effort and money and hassles in sourcing, interviewing and recruiting workforce

    No Payroll management and HR management activities.

    No investment in infrastructure thereby saving huge Capex.

    Leveraging of global resources to cut down cost and improved efficiencies.

    No Compliance cost

    Highest Level of Confidentiality, Privacy and Secrecy of Information.

    Full Ownership on IPs and Work Product produced by VE

    High Level Quality Governance

  • PRICEPrice of the VE depends on :- Experience Skills Expertise

    Price Includes:Manpower & HR ServicesDedicated Intelligent Workstation & IT InfrastructureShared Facilities & ServicesIT Help Desk Back Office Services / Support Services

    Minimum Price USD 899 Per Employee Per Month

  • DETAIL BREAKUP OF SERVICES INCLUDED IN PRICEManpower & HR ServicesIdentification & Short listing of Desired ResourcesPreliminary InterviewFinal Selection and Interview by ClientTraining and DevelopmentDeployment of Dedicated Resources as per the Skill, Experience and Expertise.Payroll Management Benefits & Compensation ManagementPerformance ManagementSeparation ManagementImmigration & ExpatriationWorkforce ManagementHR AnalyticsDedicated Intelligent Workstation & IT Infrastructure Work StationFurniturePersonal ExtensionWhite BoardStorageTask LightMusic PortNetworkingExecutive CabinProject Manager Room-cum- Meeting Room Extension with only Incoming FacilitiesDesktopPrinterIndividual Voice & Data PortPSTN LinesProvisions for UPS Room Provisions for Server Room Independent Access ControlTechnical ServicesHelp DeskTechnical SupportNetwork ServicesDesktop ServicesBack Office / Support FunctionConference RoomInternet / BandwidthTelecommunication InfrastructureState of the Art AuditoriumInterview / Visitors RoomsHigh End Training RoomsCafeteria & Pantry (Chargeable)GymnasiumIndoor & Outdoor Games100% Power Back UpCommon Facilities& Services Common Visitor / Interview RoomMaintenance General House KeepingMaster ReceptionFull Air Conditioning Model Fire Detection & Restraint Systems with SprinklersFire & Smoke DetectorsWater BodiesGymnasiumWaiting Area on each FloorParking 200 Inside and 500 Outside (chargeable) Centralized Air Conditioning Lifts Green Areas Water Bodies Staircase

    Tax Tax Calculation and Analysis Preparation of Tax Returns Tax Filing Tax Accounting Tax Planning VAT Support Service Tax Support Foreign Tax Credit Preparation of Tax SchedulesAccounts & FinanceBook Keeping Invoicing Budgeting & Control Accounts Payable Management Accounts Receivable Management General Ledger Accounting Fixed Assets Accounting Financial Reconciliation Inter Company Accounting Management Reporting Statutory Reporting Banking & Treasury Preparation of Financial StatementsShared FacilitiesAdministrative ServicesSecretarial ServicesTime SheetsRelocation ServicesTravel DeskLiasioningStaff Cab ServicesLegalIncorporation & Registration Services Contract Drafting, Review and Management Litigation Support Services Compliance and Regulatory Services Corporate Secretarial Services Patent and other IPR Support Services Due Diligent Services Immigration Services Document Management Services

  • COST SAVING AND CALCULATOR ATTORNEY / LAWYER (3-5YRS)Net Savings: 18,500 - 4000 = 14,500 per Virtual Employee (B) IT PROFESSIONAL / SOFTWARE ENGINEER / PROGRAMMER (EXP. 3-5 YRS)Net Savings: 12,950 - 3,500 = 9,450 per Virtual EmployeeNet Savings: 9,250 - 2,500 = 6,750 per Virtual Employee(C) ACCOUNTANT (3-5 YRS)

  • VE FACILITY LOCATIONLocated in Chandigarh, 160 miles (towards North) from New Delhi (Capital of India) - the only planned city in India designed by World leading French Architect, in the foothills of the SHIVALIK Range of HIMALAYAS in North-West India.

    Chandigarh has been declared as one of the most preferred IT destination (3rd Slot). Chandigarh, being Tier-III city, ensures lower labor costs, lower real estate costs and reduced Staff attrition rate (Source: Jones Lang La Salle Leading Real Estate Management Company).

    Our Facility located in State of the Art Rajiv Gandhi Chandigarh Technology Park a venture of Chandigarh Administration, Government of India.

    Our IT Facility adjacent to Infosys, Airtel, IBM, Tech Mahindra, DLF, The Grand Hyatt, Pride Asia-Asias self contained intelligent township.

    10 Km from Airport, 3 Km from Railway Station, 8 Km from City Centre and 8 Km from the General Bus Stand.

  • VE FACILITYPlot size 7260 Sq. mtrs (one and half acres).

    Total covered area of more than 80,000 Sq. ft