Double Your Workforce and Slash 50% of Your Cost - The Top 8 Reasons For Offshore-Ownership For As Few As 3 Employees
Ann Arbor, MI (ContentDesk) October 26, 2005 -- iToom, an Ann Arbor, Michigan based business incubation service, reveals a new business building process that allows small companies to start their own offshore operation (subsidiary) in India with as few as 3 employees without an upfront investment."iToom stands for IT-Offshore-Ownership-Model. It was created to give small companies a no-risk alternative to using offshore outsourcing contractors. Until now, the upfront investment, required overhead and the time to get started were a huge obstacle for small businesses to start a subsidiary in India. Many businesses know they have to consider some offshore activity for competitive reasons, but don't feel comfortable using offshore contractors," says Thomas Schramm, VP of Business Development at iToom. "The iToom business incubation process lets a small company respond to globally changing markets just like a Fortune 100 company does."iToom's services can be used by companies in need of IT services, software engineering, web design, help desk, call center, managed services, database administration, application deployment, QA, telemarketing, sales, etc.The top 8 advantages for ABCorp, an iToom client, on its way to establish ABCorp (India) using the iToom business incubation process:? ABCorp saves 78% over U.S.
costs. The savings would be 45% or less using an offshore contractor. ABCorp starts with 3 offshore software engineers and will save over $937,000 over U.S. costs over 5 years. Savings would be less than $545,000 if ABCorp would use an offshore contractor.? From the beginning, the workforce in India is under ABCorp's management.
The workforce is on iToom's payroll until ABCorp (India) is legally established, then transferred onto ABCorp's payroll. If ABCorp would use an offshore contractor, the contractor might reserve the right to reassign employees to another client's project.? The software engineers' work is at all times ABCorp's intellectual property. Contractors transfer intellectual property rights usually at the end of the project or contract.? ABCorp implements their data security and safety procedures. They decide to keep all critical data on their servers in the U.S. at all times.? ABCorp extends its employee manuals, evaluation procedures and incentive programs to the new subsidiary to make the new employees a part of the organization.
Additionally, communication guidelines to minimize misunderstandings between the different cultures are added to the employee handbook. Contractors usually have their own management style, company culture and communication guidelines. They also serve many customers at the same time.? After 5 months, ABCorp decides to expand the operation in India with QA, additional help desk to offer 24/7 support to its U.S. customers, and database administration services. A contractor may specialize in software development or business process outsourcing.
They cannot accommodate all of their customer's needs.? ABCorp (India) applies for and receives a 10-year income tax exemption from the Indian government. This saves additional money that is used to develop new products to make the company more competitive, profitable and a market leader. The income tax exemption is not available to companies working with contractors.? iToom initially started ABCorp's offshore operation within 1 week. iToom provides the infrastructure and puts the people on its payroll until the client's subsidiary is legally established. iToom will then rent the office space to ABCorp, additionally, payroll and other administrative services are provided at local rates to keep the offshore overhead for ABCorp to a minimum.ABCorp plans to double its workforce in the U.S.
and in India. The iToom white paper "13 Offshoring Pitfalls and How to Avoid Them", which can be downloaded for free at http://www.itoom.com, was used as a template to write ABCorp's communication guidelines.iToom, LLC is an international marketing and business development firm based in Ann Arbor, Michigan. We strongly believe in the importance of a competitive, innovative and profitable small and midsize marketplace. Contact: Thomas Schramm, 734-846-1950, iToom, LLC, 3118 Tiger Lily Ct, Ann Arbor, MI 48103.
Do You Need an Automated Timekeeping System for your Cleaning Business?
Copyright 2006 The Janitorial Store
As your cleaning business grows and you add employees, keeping track of time sheets and adding up hours can be a big headache. If you have just one or two employees a paper time sheet where employees "clock in" and "clock out" for each location they clean may be all that you need to track their hours. However, deciphering data and adding up hours from numerous time sheets can take time away from other profit-making activities as you burn up your time doing payroll.
There are options available to your cleaning company other than hiring a full-time bookkeeper. Telephone timekeeping systems are ideal for cleaning companies. They allow employees to call from any location they are working at and "clock in" and "clock out" by using their employee pin number and location pin number.
These timekeeping systems have many time-saving benefits and features:
1.
Tracks each employee's time down to the minute.
Payroll > Do You Need an Automated Timekeeping System for your Cleaning Business?
Mypayrollquote.com Announces New Service Offering
Minnetonka, MN (ContentDesk via HRMarketer) May 2, 2006 -- Mypayrollquote.com announced today it is expanding its service offerings.The company which provides payroll leads in real time to payroll providers,has now added custom appointment setting for payroll service bureaus across the country."This is a natural extension of our lead generation services for payroll providers" states David Dashow founder and president."Our clients now have the ability to receive custom appointments set for them with payroll prospects, in geographical markets they choose to target."
About mypayrollquote.com: mypayrollquote.com is a internet based lead generation company. They provide payroll leads in real time, and custom appointment setting programs for payroll providers across the USA. The company is headquartered in Minnetonka, Minnesota.Contact: David Dashow#1-800-449-2468mypayrollquote.com This press release was distributed through eMediawire by Human...
Payroll > Mypayrollquote.com Announces New Service Offering
Mypayrollquote.com Announces New Service Offering
Minnetonka, MN (ContentDesk via HRMarketer) May 2, 2006 -- Mypayrollquote.com announced today it is expanding its service offerings.The company which provides payroll leads in real time to payroll providers,has now added custom appointment setting for payroll service bureaus across the country."This is a natural extension of our lead generation services for payroll providers" states David Dashow founder and president."Our clients now have the ability to receive custom appointments set for them with payroll prospects, in geographical markets they choose to target."
About mypayrollquote.com: mypayrollquote.com is a internet based lead generation company. They provide payroll leads in real time, and custom appointment setting programs for payroll providers across the USA. The company is headquartered in Minnetonka, Minnesota.Contact: David Dashow#1-800-449-2468mypayrollquote.com This press release was distributed through eMediawire by Human...
Payroll > Mypayrollquote.com Announces New Service Offering
VeriTask Software Announces Version 2.0 of its Improved Time and Attendance Solution
Irving, TX (ContentDesk)January 17, 2006 - Fingerprint, Bar-code, PIN support, Network compatibility and more detailed Reports, make Biometric Employee Punch Clock" 2.0 a very powerful tool for accurate Time and Attendance Control.
Biometric Employee Punch Clock" is an affordable solution for small, mid-size and large companies. The use of fingerprints to identify each employee prevents time theft and avoids buddy-punching," a factor that by itself could cost the company up to 10% of its total annual payroll. The associated expense of printing badges and auditing paper-based timesheets is also eliminated. Additionally, the solution saves time by reducing the necessity of modifying passwords or PINS when the employees forget them and provides Door Access Control, improving the security on each facility.New and more detailed reports can be...
Payroll > VeriTask Software Announces Version 2.0 of its Improved Time and Attendance Solution
DIRECTO, INC., Paycard User Study Reveals Key Customer Needs--First Study of its Kind in the Paycard Industry
(ContentDesk) March 28, 2006 -- Directo, a leading provider of paycards for unbanked consumers, announces the completion of a customer study fielded by multivariable testing firm QualPro, Inc.The four month study of Directo customers revealed key insights into what account holders need from their paycards and from their service providers.According to Bob Howe, President and CEO of Directo, the study validated the firms understanding of the market while providing new insights into consumers needs. Were very encouraged by the results of the study. Early results have confirmed that we are on the right track as far as marketing to our customers, but the greatest value is clarifying further what card holders want from their cards. Historically, industry studies have focused on the paycard functionality and HR and payroll needs rather than on the consumer. By focusing on the consumer, Directo now has a firmer understanding of this growing market from the end users point of view. There...
DIRECTO, INC., Paycard User Study Reveals Key Customer Needs--First Study of its Kind in the Paycard Industry
Payroll > DIRECTO, INC., Paycard User Study Reveals Key Customer Needs--First Study of its Kind in the Paycard Industry
Caribbean Books introduces ?Patriots Vote for Guaranteed Medical and Full Salary Retirement? by Jim Johnston. Promising the aging a guaranteed income retirement commensurate with their life style of today
(ContentDesk) May 2, 2004--In this book, the primary objective of the author is to make Americans aware of the message contained in chapter 12. This chapter describes a proposal now before congress that may provide full salary retirement income to those who retire under this plan and in the process save Social Security and Medicare.The problems of concern to Social Security and Medicare are projections; it is projected in the very near future these social programs will not have sufficient income to support the benefits that must be paid to future recipients.The solution is simple, either increase income or reduce projected future recipients and the plan described in the book reduces future recipients by offering retirees full salary retirement income in lieu of benefits paid from these social programs.The plan is paid for by the employers and while paying for this plan the employers convert 40% of their current payroll expenses into new taxable net gain and most importantly the employers...
Caribbean Books introduces ?Patriots Vote for Guaranteed Medical and Full Salary Retirement? by Jim Johnston. Promising the aging a guaranteed income retirement commensurate with their life style of today
Payroll > Caribbean Books introduces ?Patriots Vote for Guaranteed Medical and Full Salary Retirement? by Jim Johnston. Promising the aging a guaranteed income retirement commensurate with their life style of today
What does a Registry Cleaner Do?
The registry was designed to speed up the operating system but this very intention and design by Microsoft could prove detrimental to your system is the registry is not serviced and maintained by regularly using a good registry cleaner software to clean the registry of useless entries that are slowing down the system and taking up disk space.
There are many registry cleaners such as the PC
Mantra's registry cleaner, the PC registry cleaner and the Windows XP registry cleaner...
Payroll > What does a Registry Cleaner Do?
World Leaders Bring Back Electric Cars
The fate of electric cars seems to be sparking still and not completely gone. This is primarily because soon enough, electric cars would again be on the streets and roads. Well, not exactly for every day use and for ownership, but at least, they would be used by world leaders of leading industrialized countries and democracies. Maybe there is hope, after all.
These leaders would include those who lead countries like the United States, Russia, Britain, France, Japan, Germany,...
Payroll > World Leaders Bring Back Electric Cars
Free Contact Lenses
Contact lenses are a good substitute for bulky glasses that keep getting misplaced all the time. Even though there has been a dramatic evolution of newer, classier, and more stylish glasses frames, more and more patients are leaning towards using contacts lenses presently.
Contact lenses are expensive compared to regular glasses that are sometimes a onetime investment. Disposable contacts or even permanent contacts need to be changed either once day or a week or in matter of months....
Payroll > Free Contact Lenses
Toyota Corolla: Still One of America?s Most Trusted Cars
A carryover from the previous year, 2005, the 2006 Toyota Corolla is a four-door, 5-passenger family sedan, or sports sedan. It is made available in four trims, which ranges from the CE to the XRS. When this vehicle was introduced, the CE has been equipped with a standard 1.8 liter, I4, 126-horsepower engine that has the capability to achieve 32-mpg when in the city, and 41-mpg if driving on the highway. Standard for the line is a 5-speed manual transmission with overdrive, however, a...
Payroll > Toyota Corolla: Still One of America?s Most Trusted Cars
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