How Good Outsourcing Can Benefit A Business?

Posted by Martin Jackup on June 15, 2015 in Business Outsourcing |

Outsourcing is being seen as exploitation of locals by denying what is rightfully theirs by providing opportunities to outsiders. In many countries, outsourcing has been seen as an economic stigma. Yet, the need for outsourcing cannot be totally overruled. There are many businesses that have found respite in outsourcing, for instance, housekeeping, finance companies, work from home business, tour operators and IT companies. Outsourcing is a cost saving proposition and with the advent of technology and global communication system getting better hiring talent from abroad is no harm as long as the results are delivered. When speed matters, it is ideal to outsource while you concentrate on your core business.

Outsourcing is justifiable in many ways. Outsourcing has given an opportunity for small and medium companies to compete with corporations. With competition on the rise, it has become inevitable to hire from the global marketplace to handle the pressure. Outsourcing gives job opportunities to developing countries helping them work in their own country without having to relocate to foreign countries. The industry has also created new jobs and also helps to find new markets to sell local brands. With high attrition rates, it is advised to outsource jobs to answer the unstable economic scenario. Outsourcing has both ups and downs, but there is no doubt that profits outweigh concerns. Despite the negative publicity, outsourcing does have its positive side.

While outsourcing, if you keep the following factors in mind, it will make you feel better. Always outsource to cut on cost not because labour is cheaper overseas. Do not hesitate to pay outsourced personnel as per the existing minimum wages and respect labour laws of the country you outsource. Ensure that they are treated with dignity. Always choose only reliable outsourcing companies that have a reputation in the industry. They should abide by the labour laws and run the company based on preset guidelines. An outsourcing company that is able to provide referrals should be the first choice. There are many fly by night companies that have to be avoided at any cost. Verifying the license with the commerce board could be an added advantage. Choosing a company based on reference is the best choice.

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