In light of the current economic crisis in Lebanon, many multinationals are seriously looking to outsource part of their services or departments to Lebanon. Why would they do outsourcing and how easy it is to have an outsourcing setup in Lebanon?
Lebanese have been known for having a solid education, for being skilled and multilingual an for belonging to an open culture easy to adapt and to adjust. This made them valuable human assets for many regional companies banking on their talents in order to develop their business and expand their business horizons.
This being said, the economic crisis in Lebanon made Lebanese people an easy target for said companies, because the local Lebanese economy, deeply affected by the drastic currency devaluation, had a significant impact on the salaries being paid locally by local companies as well as on the personal and corporate savings in local banks.
In addition, foreign companies, while outsourcing to Lebanon, do not have to make any massive investment in Lebanon or to pay any local corporate taxes and will not be subject to any type of operational taxes, mainly also because they are having recourse to the services of an outsourcing company.
It also noteworthy to mention that the best part of this outsourcing setup is the speed at which the company can start and have its employees in Lebanon ready to operate within an organized structure through the outsourcing company. We often inform clients that they can start being operational out of Lebanon within 24 hours.
Let us not forget that outsourcing helps foreign companies to focus on their main business and as such they will not need to get busy with admin work that can be provided to them by a third party and for a cheaper fee!
Finally, please note that outsourcing helps companies to do business while increasing the diversity of their team and by doing this companies would have a better understanding of the regional market, a more expanded presence and a smarter approach to local and regional business problems.
Newton Workforce has so far assisted more than 70 companies to operate in Lebanon through outsourcing services over the last 10 years and the experience has been so far flawless.
This is mainly because our company knows well what foreign companies are looking for, has access to local talents, and has well-developed internal system allowing to handle management of human resources in the most structures manners.
One last noteworthy explanation: many companies use the term outsourcing and employer of record interchangeably, and many approach us by using the term manpower or the word staffing, whenever they need us to list their staff under our name and do the payroll.
Well, there is no much difference, after all. They are all to some extent the same. Some companies still look to pay salaries directly to employees listed on our payroll, while others task us to do so and to pay any other remuneration types (bonus, overtime) or expenses. Whatever the case, as long as the employee is outsourced to our company and is officially listed under our company’s name, this will be considered as outsourcing, or employer or record, or staffing solutions, all the same!
Newton Workforce can assist you in order to discover further the current outsourcing environmental context in Lebanon with more facts and details that would certainly encourage you to have recourse to this setup option in Lebanon, especially now because this is the leading international trend as well as the best location to do so. Please contact us in this respect, we are simply one email or one call away! You can reach us here CONTACT US – Newton Workforce
Newton Workforce is a leading outsourcing and HR solutions agency based in Lebanon, it is part of Newton Law Group which is a leading regional law firm specialized in corporate and international affairs. For more details about the law firm, please visit Law and consultancy company | Newton Law Group
