COST BENEFIT ANALYSIS - HIRING V. OUTSOURCING
Summary
Have you tried grappling with the thought of outsourcing? Look at why we suggest outsourcing v/s a hired hand.
When you have made up your mind, contact us.
ROLE-MANAGEMENT ACCOUNTANT
IF RECRUITED
| Direct Cost | Assumptions | USD p.m. |
|---|---|---|
| Basic Salary | 50% of Gross | 1,362 |
| Allowances | 50% of Gross | 1,362 |
| 2,725 |
| Indirect Cost | Assumptions | USD p.m. |
|---|---|---|
| Office | Space/PRO/It/Welfare | 381 |
| Work Visa | 2 years of Residency | 68 |
| Airfare | Home Country in Asia | 45 |
| Gratuity | 7 Days a year | 7 |
| 507 | ||
| TOTAL COST | 3,227 |
IF OUTSOURCED TO MAGAS
| Monthly Retainer-SOW | USD p.m. | |
|---|---|---|
| Prepare Monthly Management Reports | Min.4 days a | 2,000 |
| Prepare Budget & Cashflow Forecasting | Month with full | |
| Review and Monitor Banking & Treasury Operation | Remote Support | |
| Audit Financial Transactions & Review Internal Controls | 7 Days a year | |
| VAT Accounting & Filing | ||
| TOTAL COST | 2,000 |
Other Benefits
- Experienced Professionals with the flexibility to Replace
- Independent Eye directly reporting to owners
- Management Advisory & Consultancy Support
- Software License if no Accounting System
- Pay As You Go(PAYG) option with issuing PDC
- Free Promotion on our Platform
- Special Discount on any other services listed on our Platform
- Priority access to our Services Eco-System & Community Network
BENEFITS OF OUTSOURCING
COMPANY
| USD p.m. | |
|---|---|
| Net Savings Per Month | 1,227 |
| ANNUALISED SAVINGS | 14,724 |
| COST OF OTHER BENEFITS FROM PLATFORM | 2,725 |
| TOTAL SAVINGS | 17,449 |
RECRUITERS
| Fees Earned For Placement | USD p.m. | |
|---|---|---|
| Annual Salary | 32,698 | |
| % of Annual Salary(One Month Salary) | 8.33% | 2,725 |
| Fees Earned For Outsourcing if associated with MAGAS | USD p.m. | |
|---|---|---|
| Outsourcing Cost | 24,000 | |
| % of Retainer Up to One Year | 20% | 4,800 |
| INCREMENTAL INCOME- IF PLACED V. OUTSOURCED WITH MAGAS | 2,075 |
