You might have heard the name of outsourcing or offshoring many times,
and might have wondered what it is all about. For the clarification, the
term “outsourcing” refers to contracting a company to perform some
specific work tasks for you. This same outsourcing is given the name of
“offshoring” if the hired BPO services
company is in another country. Mainly, outsourcing was known to the
firms that manufactured, but lately IT outsourcing has started to emerge
on scene too. There have been a number of advancement in the field of
IT sourcing in past decade, and it has gained rapid popularity in past
five years. Here are a few reasons why businesses outsource:
• One reason why companies have outsourced in recent past is because of drowning labor. When they outsource or offshore to another company, the cost is much lower, hence a great help in the survival of the business.
• It might not be possible to get expertise locally, hence companies hence on a larger scale, especially in the field of Information Technology, to get access to professionals around the globe.
• Another famous reason for outsourcing is saving time for core activities. Some companies merely outsource back office tasks and release a lot of burden off their heads.
While these are all the right reasons to outsource, there are a few things to be kept in mind. Many companies have a notion that they can simply outsource the whole process to another company and that’d be just fine. This isn’t right. The right way is to hire a team of professionals who have a knowhow of your outsourced work, so that a check can be kept and communication can be made easier. So the question falls to whether one should outsource or not? Regarding that, yes, you should outsource, but only when you have everything planned out and know all the pros and cons. Good luck with it!
• One reason why companies have outsourced in recent past is because of drowning labor. When they outsource or offshore to another company, the cost is much lower, hence a great help in the survival of the business.
• It might not be possible to get expertise locally, hence companies hence on a larger scale, especially in the field of Information Technology, to get access to professionals around the globe.
• Another famous reason for outsourcing is saving time for core activities. Some companies merely outsource back office tasks and release a lot of burden off their heads.
While these are all the right reasons to outsource, there are a few things to be kept in mind. Many companies have a notion that they can simply outsource the whole process to another company and that’d be just fine. This isn’t right. The right way is to hire a team of professionals who have a knowhow of your outsourced work, so that a check can be kept and communication can be made easier. So the question falls to whether one should outsource or not? Regarding that, yes, you should outsource, but only when you have everything planned out and know all the pros and cons. Good luck with it!
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