With MYCPE ONE Offshoring – Large Teams, you won't incur any upfront costs to initiate your offshore operations; however, a deposit may be required to establish the partnership
You gain immediate access to our fully functional infrastructure and IT setup across 19 cities in India and the Philippines. This "ready-to-go" infrastructure is designed to support your operations from the start, saving you the costs associated with establishing and maintaining physical office spaces, technology infrastructure, and support systems.
If your infrastructure needs align with our existing setup, there wonʼt be any big capital expenditure (CAPEX) requirement. However, if you have any specific or unique infrastructure needs, we can work with you to design and build a tailored solution to meet those requirements. This flexibility ensures that you get exactly what you need without unnecessary costs, while still having the option to customize as needed.
There is no obligation to sign long-term leases or binding contracts. You have the flexibility to scale your operations based on your business needs without being tied to fixed, lengthy commitments.
MYCPE ONE Offshoring – Large Teams provides you with ready access to in-house support services, including recruitment, HR, administration, IT, and other operational support. This means you don't need to build your own infrastructure, hire support staff, or manage overhead costs associated with running a full-fledged operation. You can focus on your core business while we handle the operational aspects efficiently
Leverage our network of over 200,000 professionals. You have the ability to cherry-pick from a pre-vetted pool of candidates from our staffing marketplace, ensuring you find the right talent for your needs.
Our expert recruitment team specializes in rapid team building, providing you with access to skilled talent quickly and efficiently. We specialize in recruiting talent for US & CA Accounting Industry.
We offer talent access to offices across 19 cities in India and the Philippines, giving you a geographical advantage and access to a diverse talent pool.
With over 9 years of experience working closely with accounting firms, we possess deep domain expertise, allowing us to understand and meet your unique business needs effectively.
We have a proven ability to quickly hire and onboard fresh talent. Our robust training programs and structured onboarding allow us to rapidly transform new hires into productive team members, ensuring they are ready to deliver value in the shortest possible time.
Utilize our established network of 40+ offices across 19 cities in India and the Philippines, complete with IT infrastructure, Data Security and operational support.
Access comprehensive HR policies and guidelines to effectively manage and operate your team, ensuring consistency and compliance. While we help you customize it as per your need that reflect your firm's culture.
Leverage our Standard Operating Procedures (SOPs) designed to streamline team management and operational workflows, enhancing productivity and efficiency.
Benefit from our HR technology platform to manage your workforce effectively, including streamlined reporting and workforce analytics.
Gain immediate access to our team of recruitment experts who specialize in sourcing and onboarding top talent quickly.
Access our team of administrative professionals to support your operational needs, ensuring smooth and efficient back-end processes.
Participate in events and engagement activities hosted by us, fostering team building and providing opportunities for your staff to connect and enjoy various programs.
For compliance purposes, we will act as the official employer of the offshore staff. However, you retain full control over all key decisions related to teams
This structure allows you to exercise direct control over your offshore staff operations while we handle the administrative and support aspects
You have the opportunity to seamlessly integrate your firm culture with your offshore team, fostering a unified work environment across locations.
While you have complete access to our HR and Operations playbook-developed over the last 9 years through extensive learning and experience a - we provide ongoing guidance and recommendations to support your operations. However, you retain full freedom to draft and implement policies tailored to your firmʼs unique needs.
This flexibility allows your offshore teams to operate seamlessly in line with your business practices and standards. You can have your policies, You can have your policies related to Overtime, Leaves, Bonuses, Hiring, Retention, Overlap, Late working, etc., as long as they are compliant with local laws. We shall help you successfully implement those policies.
Our setup allows us to remain the employer on record, while you maintain control over team management and other related aspects. Since we are the employer on record, we handle all legal responsibilities, including compliance, claims, and litigation.
This arrangement ensures you have zero downside or risk associated with these matters, which is why most firms prefer this approach - it provides both flexibility and peace of mind. The traditional model of setting up and owning your own entity is becoming outdated.
The practical goal now is to have control through agreements while Offshoring – Micro Teams non-core activities, enabling you to focus on scaling, expansion, and doing what you excel at. We've provided a list of the major compliances you'd need to manage if you were to set up your own entity.
Legal Compliance | Status |
---|---|
Companies Act 2013 or LLP Act 2008
|
Ongoing |
Income Tax Act 1961
|
Ongoing |
Goods & Service Tax Act 2017 |
Ongoing |
Professional or Commerical Tax Compliance Statewise |
Ongoing |
Payment of Gratuity Act 1972 |
Ongoing |
Employee Provident Fund Act 1952 |
Ongoing |
Employee State Insurance Act 1948 |
Ongoing |
Shop and Establishment Act 2019 (Statewise) |
Ongoing |
Fire Safety Act and Regulations 2005 |
Ongoing |
Workmen Compensation Act 1923 |
Ongoing |
POSH (Prevention of Sexual Harassment) Act 2013 |
Ongoing |
Occupational Safety, Health and Working Conditions Code 2020 |
Ongoing |
Minimum Wages Act 1948 |
Ongoing |
Maternity Benefit Act 1961 |
Ongoing |
Industrial Establishments (National and Festival) Holdings Act, 1974 |
Ongoing |
The Factories Act, 1948 |
Ongoing |
Contract Labour (Regulation and Abolition) Act, 1970 |
Ongoing |
Payment of Wages Act, 1936 |
Ongoing |
Paid Time Off, Public Holidays and Leave Encashment |
Ongoing |
ISO 27001 Compliance |
Ongoing |
FCPA Compliance and Disclosure in US |
Ongoing |
Right of Women to Menstrual Leave and Free Access to Ongoing Menstrual Health Products (Proposed) |
Ongoing |
RBI & FEMA (Being Subsidiary to a Foreign Company)
|
Ongoing |
We've helped over 40 accounting firms from the Top 200 build their offshore teams effectively.
Our focus is exclusively on working with accounting firms, enabling us to understand and cater to their unique needs.
Our core strength lies in talent acquisition, management, and retention specifically for the accounting industry.
With extensive experience working alongside CPA firms, we are well-positioned to meet their requirements effectively.
Our ready-to-go model allows you to quickly onboard and begin working with offshore talent.
Easily expand your team and scale up operations with our support.
We ensure no dependency on any single individual, providing easy replacements and maintaining continuity in your operations.
Firms Managing Operation on their own often end up spending 25% to 30% more money, time and resources. How ?
Overpaying is common when there is a lack of local market expertise and awareness of appropriate salary benchmarks.
Inefficient management of offshore operations and the absence of economies of scale can drive up operational expenses.
Managing offshore operations can demand significant investments of time, resources, and money, especially when not managed efficiently.
Partnering with an inexperienced provider or trying to build offshore operations on your own can lead to significant delays, impacting project timelines and profitability.
Making mistakes in critical areas such as legal agreements, talent hiring, policy formulation, or choosing the wrong office location can lead to costly consequences, including lawsuits and operational challenges.
Handling non-core activities can divert attention away from primary business goals, leading to inefficiencies, increased costs, and delays in strategic initiatives.
Many firms that have faced significant operational challenges often struggle due to dependencies on a specific set of individuals or groups. This can result in those individuals either exploiting their position as US leadership has limited control or employees switching jobs and taking crucial talent away.
Additionally, inefficiencies in office management further exacerbate these issues. Considering all these factors, MYCPE ONE makes your offshore operation more resilient as
Our operations are designed to be resilient and not reliant on any single individual or a specific group, ensuring continuity and seamless performance.
With access to a vast talent pool across multiple offices in India and the Philippines, you are not tied to any single location, allowing for flexibility and risk mitigation.
We handle all compliance and legal obligations, so you can focus on your core business without the burden of regulatory requirements.
There is no reliance on external consultants or advisors; we provide end-to-end support to meet all your operational needs effectively.
if we donʼt meet your expectations, shifting becomes easy. You have the flexibility to retain your offshore employees and take them with you, ensuring a smooth transition without disrupting your operations.
We help accounting firms hire talent across all domains. While our primary focus is on accounting, advisory, tax, audit, and assurance, we also specialize in secondary areas and go beyond traditional roles. Our expertise extends to helping firms hire for niche and specialized positions, as well as non-technical roles. Many accounting firms are expanding into areas like cybersecurity, technology solutions, and risk advisory, and we have the expertise to help them build teams in these emerging sectors.
Accounting & Advisory
Tax
Audit & Assurance
Business Valuation
M&A Advisory
FP & A
Internal Audit
SEC Compliances
IFRS
SOC Examination
SOX Audit
International Taxes
Transfer Pricing
Sales & Use Tax
Fraud & Forensic
Tax Representation
EBP Audit
Customer Support
Digital Marketing
Sales & BD
Talent Acquisition
HR
Product & Tech
Cybersecurity
Back Office Support
Traditionally, offshoring has been viewed as a solution primarily for building teams of associates and entry-level staff, with the occasional ability to hire competent reviewers. However, we have been helping accounting firms scale beyond the traditional boundaries. Weʼve successfully enabled firms to staff director-level talent, practice leads, and even principal-level positions
These high-level professionals are responsible for
In many cases, this caliber of talent may possess a U.S. visa, allowing them to travel back and forth as needed. They are also instrumental in training and development, as well as the hiring and onboarding of offshore talent, ensuring seamless integration and operational success. (Click Here More)
Level | US Experience | Designation |
---|---|---|
Level 1 |
- |
Associate |
Level 2 |
- |
Sr. Associate |
Level 3 |
1-2 Years |
Specialist |
Level 4 |
2-3 Years |
Sr. Specialist |
Level 5 |
3-5 Years |
Senior/Supervisor |
Level 6 |
5-8 Years |
Assistant Manager/Manager |
Level 7 |
8-10 Years |
Director |
Level 8 |
10+ Years |
Principal/Partners/Practice Lead |
We have offices in Two countries and 19 cities, providing a major advantage over other service providers that are typically concentrated in one or two locations. This geographic spread offers three key benefits:
We can tap into talent from multiple regions and cities
Hiring from tier-two, tier-three, and smaller towns helps avoid the higher turnover seen in metro areas.
Talent costs in smaller cities are significantly lower, leading to major cost reductions.
Benefit from a lower cost of living, means more disposable income &Â better standard of living.
Proximity to family significantly increases job satisfaction and motivation.
Smaller cities often have shorter commute times and hence work-life balance.
The better living conditions in smaller cities result in a happier, more content workforce.
Employees enjoy a healthier balance between professional duties and personal life.
Tier 2, 3, and 4 cities offer a wealth of skilled professionals, giving firms access to a wider talent pool.
Employees in smaller cities tend to demonstrate greater loyalty, hence lower turnover & reduced costs of recruiting and training new staff.Â
Sourcing, availability, or retention, you're no longer reliant on a limited talent pool or single location.
Having your entire workforce in one location increases the risk of groupthink, where people adopt the same narratives, leading to biases and perceptions. Geo-diversified teams help mitigate these risks.
While initial cost savings are apparent, the long-term benefits of Geo Diversified Hiring include sustained cost efficiencies year over year
Tier 2 And 3 City | Metro Or Tier 1 | |
---|---|---|
Staff Turnover |
12% to 13% |
25%-26% |
Tax Manager
Exp: 5 to 7 Yrs |
||
---|---|---|
Salaries Per Annum (USD) | ||
US |
$165,000 |
|
Metro or Tier 1Â City |
$70,000 |
|
Tier II or III City |
$40,000 |
Sr. Accountant
Exp: 3 to 5 Yrs |
||
---|---|---|
Salaries Per Annum (USD) | ||
US |
$115,000 |
|
Metro or Tier 1Â City |
$30,000 |
|
Tier II or III City |
$30,000 |
Audit Associate
Exp: 2 to 3 Yrs |
||
---|---|---|
Salaries Per Annum (USD) | ||
US |
$80,000 |
|
Metro or Tier 1Â City |
$30,000 |
|
Tier II or III City |
$20,000 |
KPMG India Talent Feasibility Report 2024 Excerpts
Download"Employees tend to opt for cities having low cost of living as it reduces financial pressure on individuals. Upper management or employees with critical roles are seen to migrate to metro cities. Hence, this re-emphasizes the distribution of growing talent across industries."
"Satellite cities have lower attrition as compared to tier 1 cities, which mitigates business continuity risk and minimizes the cost of backfill."
"90% of the company's interaction indicated that tapping into the talent pool of satellite cities has been highly beneficial for them as it enables them to widen their talent base and attract high-quality candidates who are seeking opportunities close to their families or support networks."
7 of 10 leading participating firms across sectors share that maximum attrition occurs in Tier 1 cities like Mumbai, Delhi, Bangalore, Hyderabad.
The primary challenges of hiring from tier 2, 3, and 4 cities are:
However, we address all these challenges through our partnership model.
Experienced talent bases their decision on several factors
They rely on reviews/feedback from colleagues who have worked or has been working with us. Our ability to hire and retain numerous former Big Four and large firm employees has built a strong word-of-mouth reputation, helping us attract fresh and experienced talent.
They consider visibility, historical presence in the market, and its overall reputation and online reviews. (Check Reviews). We have a solid online presence with over 100 reviews and an average rating of 4.8.
This is important as it may provide them flexibility if they wish to relocate in the future. Our geographical diversity across multiple locations enables employees to relocate easily if needed, offering flexibility.
We ensure that our compensation and benefits are top of the market. While these are key, experienced talent also considers that position aligns with their personal and professional needs.
A stable and secure job is a major priority for experienced professionals. We provide them a sense of safety and security. If an employee were to be let go by one client or firm, they have the opportunity to be reassigned to another, reducing job risk. We have a strong retention record and rarely terminate staff members.
Handling non-core activities can divert attention away from primary business goals, leading to inefficiencies, increased costs, and delays in strategic initiatives.
For talent with more than 5+ years of experience, being closer to their home or family is often a top priority. Our presence in 19 cities allows us to attract professionals who prefer to work near their hometown.
In many cases, we can hire this talent at a salary equal to or even lower than their previous company, as the benefit of working close to family is highly valued. Additionally, their disposable income significantly increases as they save on costs like rent, utilities, and school fees.
One of our key advantages is the way we design salary packages. Our tax-optimized salary structure reduces overall talent costs while making our on-hand pay packages more competitive. This approach allows us to attract and retain top talent effectively.
Additionally, experienced employees have opportunities to travel to the U.S.
As a company with a strong presence over nine years, operating across 19 cities in India and one in the Philippines, we have been successful in attracting high-quality talent. We currently have:
This combination of strong brand visibility, geographical diversity, and a track record of attracting experienced talent has made us a preferred employer for top professionals in the industry.
Training Content | LINK |
---|---|
US Accounting - Basic |
View |
US Accounting - Intermediate |
View |
US Business Tax - Basic |
View |
US Business Tax - Intermediate |
View |
US Individual Tax - Basic |
View |
US Individual Tax - Intermediate |
View |
US Financial Audit - Basic |
View |
US Financial Audit - Intermediate |
View |
401(K) Audit - Intermediate |
View |
NPO Audit |
View |
Comprehensive Learning Platform and Culture (www.my-cpe.com)
VisitAll our talent has full access to this extensive platform, which includes more than videos. This creates a highly robust learning ecosystem, unparalleled in the market when it comes to ongoing talent development. Beyond just owning a CPE platform, weʼve embedded a strong learning culture into our policies, which is something we continually emphasize and prioritize. View Content Catalogue here
We strongly advocate for a distributed team strategy, enabled by access to our delivery centres across multiple locations. However, if you prefer to establish a physical presence in a specific location or city, we are more than happy to work with you on the same.
Our preferred approach involves keeping teams dispersed across various locations, which helps reduce attrition rates and provides greater access to top talent from diverse regions. However, we work with top 50 firms, and for some of them, higher talent costs are not a barrier. They prefer to have all staff members working from a single location, even if this increases talent costs by 40-50%. We assist them in building a team based in one location.
For teams with more than ten staff members at the workplace, we will provide a dedicated suite, ensuring that all staff can work together in one space.
Once your team size exceeds 20-25 members, we can design a dedicated office space for you, complete with access to conference rooms, private chambers, and a cafeteria. This allows all your staff to work together in a single location.
At MYCPE ONE we have core team consists of expert Chartered Accountants, and we've strategically designed their compensation packages to be more tax-efficient and increase take-home salaries. (Impact 10% to 25% depending on pay package) These tax-optimized packages offer significant advantages:
They not only increase the net take-home pay for these staff member,
It also contributes to higher retention rates by making the overall compensation package more attractive.
Example
Imagine an employee considering a job switch. Typically, a compensation increases of 20% to 25% is standard when moving to a new employer.
However, in this scenario, due to the tax-optimized structure of their current package, the employee's take-home pay remains effectively the same even with that standard raise that happens after job switch.
To truly see a 10% to 15% increase in take-home pay, the employee would need to negotiate a raise of 40% to 50% with the new employer. This requirement makes switching jobs far less attractive, thus improving retention.
This approach is particularly extremely relevant for senior managerial roles and higher, where tax efficiency can make a substantial difference in overall compensation. For example, by utilizing specific tax exemptions, allowances, and benefits, we can reduce the taxable income of these professionals, allowing them to retain a larger portion of their earnings.
Difference in net take home salary if gross salary is same | ||
---|---|---|
Others (  ₹ INR) | MYCPE ONE (  ₹ INR) | |
Compensation |
5,000,000 |
5,000,000 |
Tax |
1,250,000 |
1,250,000 |
Net Take Home Salary |
3,750,000 |
4,750,000 |
Net Take Home Salary (Extra) |
- |
1,000,000 |
Difference in Gross Salary for Equivalent Take home salary | ||
---|---|---|
Others (  ₹ INR) | MYCPE ONE (  ₹ INR) | |
Net Take Home Salary |
4,750,000 |
4,750,000 |
Tax |
1,583,333 |
250,000 |
Net Take Home Salary |
6,333,333 |
5,000,000 |
Extra Salary |
- |
1,333,333 |
Features | Category | Feature Status |
---|---|---|
Hosting JD & Posting Various (Integration) |
Recruitment |
Dec-24 |
Customized Offer Letter |
Recruitment |
Live |
Customized Employment Agreement |
Recruitment |
Live |
Candidate Shortlisting, Interview & Tracking |
Recruitment |
Live |
Resume Parsing |
Recruitment |
Dec-24 |
Available Staff Hub (Staff Market Place) |
Recruitment |
Live |
Interview as Service |
Recruitment |
Dec-24 |
Video Based Interview & Assessment (AI Recommended) |
Recruitment |
Dec-24 |
Pre-Built Assessment (MCQ & Subjective) |
Recruitment |
Dec-24 |
Allocation & Managment of Training |
L&D |
Nov-24 |
Access to 13,000 hours of CPE Content |
L&D |
Live |
Access to 50+ Practice Training Courses |
L&D |
Live |
CPE Compliance |
L&D |
Live |
Learning Management System |
L&D |
Live |
Review Notes & Call Notes |
HRMS |
Live |
Feedback Loop |
HRMS |
Live |
Client Escalation/Appreciation |
HRMS |
Live |
Staff Escalation/Appreciation |
HRMS |
Live |
Leave Application, Approval & Reporting |
HRMS |
Live |
Holiday Management |
HRMS |
Live |
Project Tracking & Management |
HRMS |
Dec-24 |
Time & Attendance |
HRMS |
Live |
Exit Interview Automation |
HRMS |
Dec-24 |
Application & Approval of Loan |
HRMS |
Live |
Application & Approval of Scholarship |
HRMS |
Live |
Goal Setting |
HRMS |
Dec-24 |
Appraisals |
HRMS |
Nov-24 |
Surveys & Questionnaire |
HRMS |
Dec-24 |
Performance Evaluation |
HRMS |
Dec-24 |
Monthly Payroll Processing |
Payroll |
Live |
Salary Package Structuring |
Payroll |
Live |
Tax Withholding & Related Compliance |
Payroll |
Live |
Payslip Reporting (Monthly) |
Payroll |
Live |
Issuance of Form 16 |
Payroll |
Live |
Timesheet & Productivity Reports |
Reporting |
Live |
Invoicing |
Reporting |
Live |
Review Notes - Feedback/Call Notes/Escalation/Appreciation |
Reporting |
Live |
Customized Reporting |
Reporting |
Live |
Advance Reporting & Analytics |
Reporting |
Live |
Offshoring Resources |
Resources |
Live |
Team Coaching Resources |
Resources |
Nov-24 |
Dedicated Help Desk |
Support |
Live |
We plan to build an HR Tech platform within the next 4 to 5 months that will address all aspects of recruitment, HRMS, and comprehensive team management, covering the entire process from onboarding to exit.
All our clients' staff members will have access to MYCPE ONE communities, even if they haven't directly signed up for the platform. This access allows them to join various communities and interact with like-minded professionals.
Communities will connect you with like-minded professionals based on your specific interests.
Join a group of 30-40 professionals who share your interests. Each community will be moderated by dedicated community managers.
Participate in Zoom events and masterminds every two months, where members share insights and experiences.
Engage in meaningful conversations with thousands of professionals and industry experts.
Collaborate to tackle the most challenging HR issues with the collective wisdom of the community.
Be the first to know about the latest trends, changes, and insights in the industry.
Expand your professional network and uncover new career and growth opportunities.
In the coming 18 to 24 months, we plan to expand our offerings across various divisions while continuing to focus to work with CPA and Accounting firms. Our planned expansions include:
As we transition to a management fee model or transfer all employees where you become the employer on record, a new Employment contract will be established with clear terms.
Each renewing employee will sign this contract, which will outline the terms and conditions of their employment transparently. We will include all necessary restrictive covenants to protect firm's interests.
We shall clear all our past dues, bonuses, Overtime, leave encashment, gratuity, etc.
In constructing this agreement, we intend to ensure fairness, but we shall make sure to have comprehensive protection for the firm, as the talent landscape in India is very volatile and culture is very different.
Even if we remain the employer on record while, we will include the name of firm in the contract as the primary client to whom the talent is deployed, allowing all necessary restrictive covenants to be applicable.
Our aim is to strike a balance between employer and employee interests. However, considering the unique cultural and legal nuances of the Indian and Philippines markets, having a local partner with on-ground presence and deep connections will be crucial. This partnership will offer you the necessary support, guidance, navigation and immunity through any such challenges that may arise.
However, with us, you can scale far beyond these traditional boundaries. What We Offer is
We possess the expertise to hire and deploy experienced talent for all levels and roles, from associates to principals and practice leads. Our deep understanding of the accounting industry allows us to fill specialized roles effectively.
Whether you need talent for specialized functions or non-core areas where offshoring has typically not occurred (e.g., digital marketing, billing, internal finance, and accounts), we help you source and integrate these team members seamlessly.
Our specialization in accounting firms gives us an unparalleled understanding of your needs. We assist in building SOPs, identifying gaps, and strengthening areas like review processes, talent development, workflow management, customized HR & Ops Playbook.
Without us | With us | |
---|---|---|
Hiring Associates & Seniors |
|
|
Expansion to Directors & Practice Lead Roles |
|
|
Expansion for Specialized Areas |
|
|
Expansion in Non-Core Areas like marketing, billing, internal finance, or accounts |
|
|
Visa Sponsorship facilitated by us |
|
|
Expansion across all domains |
|
|
Compensation for offshore staff is frequently approved by onshore partners who lead specific departments. This can lead to misalignments, as these partners..
May not have a thorough understanding of local market rates and conditions in the offshore regions, like India or the Philippines.
On top of that, there might be situations where partners approve higher compensation simply to retain staff for urgent projects or crucial roles.
Also, most of the time, their compensation is not compared with the fair market value in their region. Instead, they are often benchmarked against the cost of hiring a US counterpart.
This misalignment leads to overpaying offshore staff and distorts the compensation structure, affecting both budgeting and overall cost efficiency.
Also, if you have a talent acquisition team, their KPIs often lack standardization. On one hand, they are tasked with hiring new talent, while on the other hand, they are expected to meet certain budget constraints. This creates a contradictory objective, and without proper internal or external benchmarking, there's no clear standard to determine the appropriate cost for individual talent.
Consequently, this misalignment often results in higher talent costs, as the team may overpay to meet hiring goals without a proper framework to ensure fair market value.
We may not be able to provide solutions to every unique problem that our team have or Individual have with company. We try to solve problems many of them but some problem may remain considering the Industry we are working, the client we are serving or may be the company we are etc
Lack of scale means higher operational and office management costs.
Additionally, if your operations are limited to one or two cities, you face a concentration risk, which can lead to 2 scenarios: either higher attrition, resulting in increased turnover costs and productivity challenges, or paying a premium to retain talent.
Talent may sit idle if not effectively utilized, either due to insufficient training turnaround or lack of work integration, leading to wasted resources.
Hiring a wrong person or placing the wrong person in a role, such as a manager or senior manager, not only wastes salary but also leads to additional costs for rehiring, training, onboarding, a suitable replacement-often costing around 3 to 4 times the initial investment.
When positions arenʼt filled on time, it can lead to either hiring onshore at a much higher cost, losing clients, or delaying project timelines, resulting in financial and reputational costs.
Choosing a wrong location for operations can significantly increase the cost of talent. Factors like local talent availability, cost of living, and competition can drive up salaries and overheads.
Decisions made by individuals can be biased and may not reflect the best market practices.
Staff may leverage their indispensability or the urgency of client projects to secure higher pay, raising costs.
Often, there's no proper vetting, budget allocation, or established policies for appraisals, promotions, and bonuses, leading to unchecked compensation costs.
We assist you in designing the right compensation structure, which includes base pay, allowances, and both deferred and upfront bonuses like retention bonuses. Although we have a ready to go HR & Operation playbook, but we help you customize and build your own HR and Operation.
We ensure that the compensation and related details are transparent, agreed upon in writing, and free of surprises that may arise from verbal commitments.
We ensure that all policies and guidelines related to appraisals, promotions, and compensation structures are clearly defined and communicated to both current and new employees. These guidelines are designed to make the base salary, bonuses, and growth expectations transparent.
A common oversight by many firms is attempting to replicate their U.S. policies for offshore teams. However, we recognize the need to craft policies that are relevant and beneficial to the local context, which aligns better with the unique requirements of companies outside the U.S.
The talent business fundamentally revolves around operational excellence
Our track record of managing large talent pools is a testament to our operational excellence, helping partners optimize their talent costs and overcome challenges.
By partnering with us, you benefit from our experience in managing these challenges, ensuring your talent costs stay within budget and aligned with your business goals.
Beyond these, an essential aspect of our process is the culture check, which is particularly important in environments like ours. We are not looking for individuals who have an intense need for self-expression or self-appreciation.
Our business is one that values consistency, skill, and dedication to repetitive and yet value added tasks done well over time. We avoid hiring those who might seek constant recognition or require excessive affirmation. Instead, we value those who are willing to put their head down and focus on their work.
Our company culture emphasizes humility and gratitude for our achievements, both at the individual and organizational levels. Over the past 7-8 years, our talent has seen a compounded annual growth rate in their compensation of 25-30% on our platform, and thatʼs a consistent path we aim to maintain. Rather than a onetime hike and then low.
We also steer clear of hiring individuals who exhibit greed. Weʼre upfront about being the wrong fit for those looking for unusually high returns, and we avoid bringing in talent that doesnʼt align with our steady growth-focused approach.
Please check out our Vetting & Hiring Talent
List of points we communicate to staff members before they join MYCPE ONE during recruitment process for transparency and right expectation.
For Every 20 people who apply, only 1 person is selected
Resume Bank & Categorizing Talent (100%)
Profile Review & Shortlisting (63%)
Language Proficiency & Communication Skills (25%)
Math, DI, LR, Excel, AI, Microsoft Test, General Computer & Software Skills (18%)
HR Interview (9%)
Technical Assessment & Background Verification (7%)
Manager Interview (5%)
Any comparison we do with Big 4 would be biased. There is a whole lot of content available online and you can ask Individual about their experience, that would be the best source of learning for you.
Mostly everyone understands that meeting everyone's expectations isn't feasible, nor is it our goal. Instead, we prioritize making the right decisions. This involves thoughtful consideration, debate, persuasion, active listening, and reconsideration before a final decision is made.
We aim to strike a delicate balance that serves the greater interests of the team, clients, and the business. If you disagree, thatʼs fine, but once the decision is made, itʼs time to commit and support it completely.
We may not be able to provide solutions to every unique problem that our team have or Individual have with company. We try to solve problems many of them but some problem may remain considering the Industry we are working, the client we are serving or may be the company we are etc.
If you plan to build career in this Industry dealing with US/CA client, we do believe that it will bring some permanent lifestyle changes, where in you may be required to work later hours. (We may have certain flexibility to allocate client depending upon Individual situation of team members).
With automation likely handling much of the preparatory work and data entry, the future will demand increased client interaction and complex tasks, possibly necessitating more overlap in schedules as our processes evolve.
Given our non-traditional working hours, we think our team members should have good health/dietary practices for their long-term well-being. Failing to adhere to these guidelines could result in negative health consequences. We firmly believe that if one cannot commit to these practices, this industry might not be suitable for them.
We do believe that AI is here to stay and in time to come more and more jobs that we do on prep/data entry/review side would be done by machines. Therefore, we emphasize:
Even Though you may be working on particular shift timings, occasionally, at the time of client meetings or training, you may be required to work late hours. And in fact, sometimes we have to call staff to work on weekends as well. We work with Accounting firms in the US. These firms mostly experience seasonality in their workflow & hence, a lot of team members would be required to work overtime up to 55-60 hours/week during seasonal time as per client needs.
We are bunch of small team functioning together to make difference to the life of our customer.
Formal Dressing, Punch In and Out, Being respectful to others, putting your time right in timesheet, no mobile phone in work areas etc. Letʼs respect the rules of the games and ground we are playing. You may disagree with some of those, However, we respectfully agree to disagree and expect you to commit.
Our HR and Administration system is still evolving and you may face some challenges with the same from time to time. We are open to hear, resolve, improve.
Despite extensive client interactions, WFH/Hybrid working options remain generally challenging for many clients, limiting their feasibility, from a data confidentiality perspective and other reasons. However, in exceptional cases such as medical or other compelling situations, we may seek client approval and, if feasible, accommodate the request.
In general, WFH/Hybrid arrangements are not the norm, but if you were hired with a prior agreement for WFH/Hybrid that will be honored (same shall be documented in your offer letter/agreement). We'll provide updates periodically regarding any changes in this policy.
If youʼre talking about something new or novel, youʼll have to repeat yourself before youʼre heard. It will take some time before being heard.
Nothing happens in our company overnight. It take probably more time.
We are trying to implement data first approach in every decision we make to avoid interpersonal biases, favoritism, misinformation, miscommunication etc. We are getting there.
We have lot of people who work here from the same family or extended families or have got in relationship after joining MYCPE One. We try to avoid any conflict of interest in making professional decision making, objective and free from biases.
Staff who wants to work 8 hours can work 8 hours. Staff ready to work 10 to 12 hours, seasonally or otherwise we do offer them to work extra if they would like to work more and earn extra.
The tech industry is especially good at losing money. Growth is electric, but profits are elusive. We take an old school, economics 101 approach: Make more than you spend. Thatʼs why weʼve been profitable every year weʼve been in business. Itʼs the responsible way to be reliable and take care of employees and customers over long haul.
The world is obsessed with Startups. We prefer to become champion Stay Ups - companies whoʼve proven their worth, figured out their businesses, and strive to stick around for the long term. Companies that endure inspire confidence. Longevity isnʼt a fluke. Along those lines, weʼre proud that 2024 is our 8th year in business.
Embrace the Joy of Missing Out. Life is enriched when you skip things that don't truly matter. Steer clear of gossip, and if unavoidable, we won't be held responsible for providing clarifications.
We've reconsidered the idea of setting targets and realized the focus should be on direction, short-term plans, and subjective long-term goals rather than rigid benchmarks. Our past practice of setting targets felt like guesswork. Instead, we aim to emphasize the direction we're moving in, short-term plans, and subjective long-term goals with flexible timelines. Long-term plans have often been based on guesswork and the farther out they go, the less accurate they become. Therefore, we're shifting our approach to shorter-term planning: turning a 3-year plan into a 3-week plan and a 10-year plan into a 10-week plan. By planning more frequently, we anticipate more accuracy. It's crucial to acknowledge that businesses and their models continuously evolve over time.
We value the hard work, ideas, and efforts you put in, and itʼs our responsibility to value and recognize them. Decision-making cannot be just emotional or based on interpersonal relationships, and we would like to keep it objective, considering all its dimensions. However, interpersonal friendship, respect, camaraderie, and helping each other personally and professionally are part of any relationship and are important for a healthy work environment.
On rare occasions, due to discipline issues, persistent performance issues, violation and misconduct or otherwise, we may need to part ways with some of team members, but we need to do so with empathy, transparency, and a grace, to help them through the transition. Our objective here is, you should get a better career path from here.
Having technical skills is imperative, but advanced English communication is equally essential. If you can't effectively showcase your expertise to the paying customer, your potential for growth will be curtailed.
We donʼt think we need to explain this any further.
We do pretty boring work day in and day out. But it definitely provides for a lot of families' livelihood and economic progress and, at the least, pays the bill. (So we respect it and try to have great ethics in doing it)
If you seek rapid career advancement, we may not be the ideal choice. Our emphasis lies on consistent, sustainable, and long-term growth, which we have achieved and delivered in over a period of time.
Our HR/Admin and Marketing team would be putting together a lot of events/activities, those are important. But donʼt join us just because you find great online/social media portrayal of the same.
If you seek rapid career advancement, we may not be the ideal choice. Our emphasis lies on consistent, sustainable, and long-term growth, which we have achieved and delivered in over a period of time.
Our HR/Admin and Marketing team would be putting together a lot of events/activities, those are important. But donʼt join us just because you find great online/social media portrayal of the same.
Our Floors are phone free zones. Itʼs a simple commitment made to client for data security. If your phone is like your shadow, brace yourself; we're a bit old school here.
Here at MYCE ONE, ‘exclusive commitmentʼ isnʼt just a fancy term; it's our love language. We're all about undivided attention - no freelancing flings or gig moonlighting. If youʼre a jack-of-all-trades and master of side gigs, we might not be your perfect match. Weʼre looking for full-time, all-in kind of people.
No Matter how competent or intelligent a person is, if you donʼt treat others with respect or have a negative influence or have no respect for the rules of game, then they do not have a place at MYCPE ONE.
Our approach entails collaborating with multiple clients, providing you with the opportunity to work alongside various CPA firms and clients for an extended period. This offers a unique chance to diversify your experience, which may differ from being narrowly focused within a single department in a larger firm. Embracing this approach is beneficial for those with a long-term mindset, seeking to gain diverse experiences and expertise over time.
Productivity in our work is crucial. In the past, there was a belief of working seasonally and then enjoying leisure time for the rest of the year especially in tax, not anymore. However, our approach has evolved, and our primary focus is now on maximizing productivity. We aim for individuals to deliver over 1800 productive hours. If someone isn't able to achieve this with one client, they might need to work with additional clients to meet our productivity targets. For Seniors/Reviewers number may be less but Productivity is Important. While productivity is key, quality in doing working is equally important.
Empowering employees by trusting them to make decisions. Instead of layers of approvals, which can slow down processes and stifle innovation, employees are trusted to take actions that they believe are in the best interest of the company. In a "less approval but review" culture, decisions are made swiftly without being bogged down by bureaucracy. Instead of seeking permission for every little thing, teams move forward confidently, knowing they have the trust of the organization.
However, this is counterbalanced by regular reviews to ensure that the decisions being made align with company values and objectives. Itʼs not about eliminating checks and balances but rather about trusting employees while also learning from their actions. So if you come from a culture where you usually want to save your skin we may not be the best fit.