Reported Offshore Headcount
142+
reported 31 Dec 2024 — Iress Annual Report 2024 - 142 employees in South Africa
Estimated % of Workforce
~7.9%
illustrative — not directly reported by the company
Destination Countries
Modern slavery statement: uses offshore partners with minimum skills requirements. Preferred supplier panel for on and offshore labour hire.
Financial Context
Market Cap
$1.3B
Revenue
$600M
Net Profit
$50M
Estimated Wage Differential
~$12M/yr
CEO — Marcus Price
$2,800,000
36x avg Australian worker
Illustrative wage differential: if the 142+ reported offshore roles were instead employed in Australia at average local rates, the additional cost could be in the order of ~$12M/yr (~24% of reported net profit). This is an estimate based on industry averages, not company-specific data.
Would this company be profitable without offshoring?
Every dollar paid offshore leaves the Australian economy — reducing local wages, tax receipts, and economic circulation. Why it matters
Financial data: FY2024. Estimate uses avg AU employment cost of $110,000+/yr (incl. super and on-costs) vs offshore $25,000/yr (salary + on-costs). Actual figures vary by role, seniority, and location.
In Plain English
- In 2024, Iress was reported to have 142+ offshore contractors and staff.
- This represents ~7.9% when compared to its current workforce of 1,800 (illustrative comparison only — not directly reported by the company).
Based on data from public sources at the dates reported. Figures may not reflect current headcount. See sources below for full attribution.
Other Technology Companies That Offshore
Other companies in technology with reported offshore operations.
| Company | ASX | Reported Offshore | Offshore Destinations |
|---|---|---|---|
| Atlassian | 1,700+ | 🇮🇳 India | |
| Seek | SEK | 1,500+ | 🇲🇾 Malaysia |
| REA Group | REA | 1,187+ | 🇨🇳 China🇵🇭 Philippines🇮🇳 India |
| Canva | 1,000+ | 🇵🇭 Philippines | |
| WiseTech Global | WTC | 428+ | 🇮🇳 India |
What Public Sources Say
All information below is sourced from publicly available documents and reporting. Excerpts are direct quotes. Click source links to verify.
Additional Sources
This profile is based on publicly available information at the time of publication. It may not reflect current operations and should not be treated as a complete picture. We publish what we can verify — not everything that exists.
Is something wrong or missing? Submit a correction. We welcome input from companies, employees, and researchers.