The Race for Global Talent: The Divergence Between MNCs and SMEs

By Team VE Oct 13, 2024
The Race for Global Talent The Divergence Between MNCs and SMEs

The way small to medium-sized businesses (SMEs) and large MNCs approach offshoring differs significantly, particularly in terms of:

1. Access to Talent:

Traditionally, SMEs have been restricted to the in-house talent pool of outsourcing vendors. In contrast, large organizations have the leverage to assemble offshore teams by cherry-picking the most qualified individuals from across the country, regardless of their current employment.

At Virtual Employee, we’re changing this dynamic. Beyond offering our in-house talent, we give SMEs the option to headhunt and collaborate with top-tier talent from blue-chip organizations. Considering that India hosts 1,400 multinational captive units and over half of the Fortune 500 companies have R&D centers here, we’re redefining what ‘access to talent’ means for our clients.

By tapping into larger talent pools, we empower SMEs to work with niche, high-caliber professionals typically accessible only to global corporations. Our bespoke and premium service democratizes access to talent, enabling SMEs to experience the best of what outsourcing has to offer for the first time.

2. Talent Reach & Diversity:

The existing gap in offshoring capabilities means SMEs often can’t tap into the diverse expertise that larger counterparts leverage, limiting their potential in building comprehensive, global teams.

Virtual Employee changes this by enabling SMEs to establish their offshore teams from scratch, just as MNCs do. This broadens their horizons considerably. Instead of being confined to a few specific verticals, SMEs can now create extensive captive units, unrestricted in scope, all under one roof. The fundamental difference lies in the scope of outsourcing: while SMEs usually focus on specific fields, MNCs have the freedom to incorporate talent from any domain or profession, similar to their local operations.

3. Branch Office:

Unlike MNCs, which view their offshore centers as integral extensions of their local offices, SMEs often perceive these as third-party entities. This difference in perception significantly influences the dynamics, synergy, and relationships between local and offshore teams.

At VE, our objective is to empower SMEs to establish their own offshore offices, whilst completely eliminating the complexities and investments typically associated. To achieve this, we focus on the entire ecosystem – not just the delivery teams. This includes infrastructure, facilities, tools, processes, and values, as well as support departments that function as extensions of your local team. We customize every aspect to align with your company’s ethos and brand identity, ensuring your offshore office resonates as a true branch office rather than a remote team. This approach enables SMEs to significantly expand their global reach and capabilities and rapidly scale up operations with zero overhead investment.

In summary, we aim to change the way small to medium-sized businesses engage in offshoring. We pioneered the VE offshoring model and continue to be the sole providers of this service in its most comprehensive and authentic form.

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