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Staff Augmentation In the Time of a Pandemic

The COVID-19 situation has already forced many companies to rethink their operations strategy and review spending. Most of the technologically adept ones may have successfully transitioned to “Work From Home” mode with minimal impact on cost, but sadly, many others who were not so ready are still left scrambling for ways to carry on their business.

It is imperative during these difficult times that you find smarter, more cost-efficient solutions for your HR needs. Instead of traditional recruitment, why not consider Staff Augmentation instead?

 

What is Staff Augmentation?

Staff Augmentation is a type of outsourcing solution that allows companies who need to quickly scale up manpower for a specific task or project to do so without having to hire employees permanently. In just a few weeks, you get a team of professionals who only need to be compensated during the course of the agreed contract period…no strings attached! This allows you to scale back down just as quickly when you no longer need to maintain a big team.

 

What are the benefits of Staff Augmentation?

Aside from the flexibility of scaling up and down as needed, there are other advantages to availing Staff Augmentation services. Here are some of them:

 

  1. You’re spared from the recruitment headache – it takes a lot of time, effort and money to attract applicants, shortlist the most qualified candidates, and negotiate win-win compensation packages with every hire. The good news is that this tedious task is covered by your agreement with the licensed Staff Augmentation services provider that you commission.

 

  1. No need to worry about paperwork, taxes, payroll and benefits – yes that’s right! Hiring permanent employees add up to your HR Department’s duties. Commissioning a licensed Staff Augmentation provider frees you up from the administrative burden.

 

  1. You only pay for days where work is done - If the deployed employee fails to report for duty and no reliever is provided to fill in, you don't pay for the missed day. On the other hand, if a permanent employee availed one of his paid leaves and doesn't show up for work, technically you still pay for his absences.

 

  1. Replacements will be provided - If for some reason the employee deployed can no longer continue working on your project (like if he catches the Coronavirus infection and needs to be hospitalized for several days), a replacement will be sourced to fill in as soon as a qualified resource is available. Imagine if all members of your team were regular employees and most of them get sick as the same time? That would be a nightmare scenario, but it CAN happen especially during a pandemic. Finding people who can pick up the slack of your sick employees would be your sole responsibility in order to restore business continuity.

 

Want to know more how Staff Augmentation can help your business grow without the risk of blowing up recurring cost? Ask us how. Xurpas Enterprise is licensed by the Department of Labor and Employment to provide project-based IT professionals whenever you need them.

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Build a Website For Your Business

In a COVID-19 world where people are staying at home, practicing social distancing, and entrenching themselves online, it’s an optimum time to build a website for your business and put your company on the digital map. Here are 5 reasons why:

  1. Digital penetration: Per Statista, going online is the most popular tool for Philippine consumers. If you’re a local business and you don’t have an online presence, you could be missing out on possible sales, consumer leads, and marketing strategies. All signs point to an increasingly digital world, so don’t get left behind.
  2. Brand education for consumers: Think of the Ws of your business -- the who, what, where, when, and why. What better way to show this than on your own website? Toot your own horn by publishing previous projects, highlighting partners and clients, and demonstrating that you get the job done. Ask former clients for testimonials and put those front and center. Reviews help you establish credibility and trust.
  3. Products and services showcase: A website helps you show what you can offer 24/7, 365 days a year. Expect to get questions about your products and services, how to reach you, the people behind your team, and make sure to answer as promptly as possible. Turn your offline targets into online leads.
  4. Keeping up with your competition: Assume that competitors are online or keep an active social media presence. Are you going to let them take an advantage?
  5. Professionalism: Give a brief background of your business. If you’ve got certifications, put them on your website. Case studies are also great, since it shows that you’ve completed projects -- and that’s more proof of what you can do.

 

There are many more reasons why you should customize a website, whether it’s for food delivery, e-commerce, supplies, etc. The future may be uncertain, yes. But Xurpas Enterprise can help build you a good foundation.

 

Shoot us an email at [email protected].

 

 

 

 

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Working from Home: Making the Most Out of Uncertainty

In a COVID-19 world, the days of working from home are looking to be our new normal. Even with countries and territories relaxing their lockdown measures and shelter-in-place orders, there’s still a vast sense of uncertainty, and no one’s immune from that. So how do you get yourself into a good mental state while handling both your home life and work life at the same time?

 

  1. Set a routine. Use your regular office routine to establish a pace or process that’s familiar to you. That means setting work hours (e.g. 9 to 11:45 am; 1 to 6 pm), with frequent breaks in between. If you don’t feel productive, don’t be too hard on yourself. These are unusual times and your mental health, as well as your physical health, is a priority.
  2. Choose your workspace. Once you’ve decided on your routine, choose an area in your home that can function as a workspace. Look for an area with natural light -- per Harvard Business Review, natural light is the number one perk for workspaces, and cites a study where it says optimizing natural light helps improve health and wellness.  
  3. Ready your earphones or headset. It’s going to get noisy at some point, whether it be interruptions from your spouse, child, or pet. And if your spouse or family member is working from home, too, they’ll appreciate the gesture. Nobody likes hearing another call!
  4. Go outside if you can. If you’re allowed outside, take a short walk around the neighborhood (keeping social distance in mind). Get as much fresh air as possible to clear your mind and help center yourself mentally.
  5. Know when to stop. You probably haven’t felt as productive as you were when working at the office. It’s easy to reason out working for one more hour, or two more hours, because of work-related stress. The routine is important, so stick to it.
  6. Call up your work friends for an after-hours video call. We all miss our friends at the office, don’t we? Nurture that camaraderie by setting up weekly video calls to catch up on each other’s quarantined lives. Anchoring yourself in friendships can help lessen your anxiety about the world around you.

 

Remember that even though working from home wasn’t all that unusual before COVID-19, the circumstances that led us here were world-changing. Don’t beat yourself up if you feel you’re not at 100%. The only way through this is together, so take it one step at a time. Cheers to you!

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Xurpas Acquires Venture Capital Firm for P170 million

XURPAS, Inc. is acquiring a Los Angeles-based venture capital firm Wavemaker Partners US, which at the same time will get a 48% stake in the listed Philippine company.

“The board of directors of Xurpas Inc. approved the purchase of 100% equity interest in Wavemaker Partners US, a venture capital management firm based in Los Angeles with approximately $210 million of assets under management at a purchase price of approximately P170 million,” the company told the stock exchange on Wednesday.

Wavemaker US is a 17-year-old technology fund with a focus on high impact tech areas such as enterprise software, data and intelligence platforms and other technology-enabled companies in digital media and consumer.

“This acquisition brings forward our vision of expanding Xurpas’ technology mandate and gives our shareholders access to promising venture-backed early-stage companies in the US and globally…Through Wavemaker US, Xurpas shareholders can now participate in the significant potential upside from investments in the early-stage technology space,” Xurpas Chairman Nico Jose S. Nolledo said in a statement.

For his part, Wavemaker US founder Eric Manlunas said: “Despite our already rapid growth during the last several years, we intend to further grow Wavemaker US’ assets exponentially in the next 5 to 7 years and this partnership with Xurpas will enhance our chances of achieving that. We look forward to leveraging Xurpas’ access to the public markets, creating global scale and delivering outstanding investment returns.”

The two companies are expected to sign a memorandum of agreement immediately and definitive agreements within 120 days.

Also, the general partners of Wavemaker is subscribing to 1.7 billion unissued shares in Xurpas, which translates to a 48% stake in the company.

“The deal is expected to be completed by the first quarter of 2020, pending satisfaction of certain conditions and securing shareholder approvals… The Wavemaker US General Partners will continue to run, operate and control the fund,” the company said.

The deal with Xurpas does not include Wavemaker’s Southeast Asia practice.

Shares in Xurpas added 0.13 points or 13.27% to close at P1.11 apiece on Wednesday. — D.A.Valdez

 

Originally published on Business World Online

https://www.bworldonline.com/xurpas-acquires-venture-capital-firm-for-p170-million/