Facing talent and capital crunch? Outsource the worry!
A report claims that “….U.S.-based small and medium sized businesses face an almost 12 percent chance that they it will be hit with an employment claim, with their chances much higher in certain states.” If you own a small and medium business, how many times have you been left frowning at inflexible labor laws and rising remuneration costs? Especially in recent years? Get this, while American firms were downsizing in 2010, the U.S, Equal Employment Opportunity Commission saw a record 99,922 discrimination claims filed in the fiscal year ending September 30. It was the highest number of cases brought in the agency's 45-year history. And according to EEOC, the average payout in such cases exceeded $ 2, 35, 000. An amount like that is enough to kill or at least cripple a small or medium sized business, resulting in even more job losses. And that’s why, businesses have started looking abroad, not just to cut down costs, but also escape rather debilitating federal laws. The ...