Business People Club

What are the advantages of outsourcing?

0 like 0 dislike
271 views
by BumblingBee
What are the advantages of outsourcing?

Your comment

Your name to display :
Privacy: Your email address will only be used for sending these notifications.
Anti-spam verification:
To avoid this verification in future, please log in or register.

1 Comment

0 like 0 dislike
commented by FatKomodoDragon
To a layman, outsourcing would seem like a waste of time and money, as well as an unneeded complication. After all, why send business abroad when the work can probably be done better right at home? To a politician, the issue of outsourcing serves as a fortified objection to taking jobs away from ‘our own countrymen’. Sympathy towards this issue may elicit a few votes, but nothing more.

But to a businessman, outsourcing is a modern day boon. Outsourcing grants businesses the freedom to dump non – core, yet important sectors of its administration on companies specializing in those very individual aspects. Thus, leaving the businessman free to wholly concentrate on those areas of the company that bring in the real moolah.

The most enticing advantage of outsourcing is the cost effective factor. Human resource and IT services in the United States or Europe are not exactly inexpensive. Let’s avoid complicated business jargon and say that outsourcing is basically an option that offers these services at a much, much lower rate i.e., a cheap but highly productive mass work force. Let us take India as an exemplary illustration.

Thousands of highly intelligent people graduate in a variety of fields each year. Almost all of them speak English better than the English, and have dreams of making big money in a short period of time. The boom of BPO’s in the last 10 years has given them a chance to realize those dreams. It provides them with the opportunity to stay close to home and earn almost as much as they would if they took up a job abroad. On an average, an individual would earn $ 300 to $ 500 per month. A small sum to an American, but an Indian would be quite happy with that salary considering the conversion rate. It’s a win – win situation for your business as well as the company you’re outsourcing to.

There is no dearth of candidates willing to suffer incessant night shifts. Due to a constant effort of having to prove themselves, you can be assured of enhanced quality and productivity at all times. The company you outsource to will always be sure to reach your targets, deliver on time, ensure stringent security and maintain a level of productivity which won’t tempt you into taking your business elsewhere. Employees are regularly evaluated and terminated if found wanting in any aspect. The entire process of recruitment and the hassles involved with finding (and sustaining) the right person for the job is taken off your shoulders.

By 2006, in addition to human resources and IT services, companies that take on offshore contracts will also offer tax preparation and back office services. Hundreds of commerce students graduate in India each year and go on to become chartered accountants in a country where there is no dearth of them. Offering these services to countries abroad would be lucrative for both parties. The most advanced security procedures will be employed in this regard.

It all comes down to the money. Let’s face it; we live in a material world. And the technical term for material is moolah. So until the day the cons of outsourcing outweigh the monetary factors (read pros), outsourcing; as a legitimate and lucrative way to do business, is here to stay.

Related posts

0 like 0 dislike
0 comments 800 views
Advantages Of Outsourcing Infrastructure Management Services

Managing vital operational components, such as policies, processes, equipment, data, human resources, and external contacts, for a far-reaching effectiveness of an organization's information technology essentially constitutes infrastructure management services. Effective infrastructure management ... . By automating corrective actions, IT organizations decrease problem resolution time and improve system availability and reduce downtime.

by PerfumedNecromancer
0 like 0 dislike
2 comments 479 views
What are the Exit Strategies for Businesses?

How to get out of the business if its not working?

by Octopuppy
0 like 0 dislike
1 Comment 256 views
What to look for when Outsourcing projects offshore?

What to look for when Outsourcing projects offshore?

by Tomatoad
0 like 0 dislike
0 comments 199 views
Business systems – what are they?

You may have heard about them before, but never quite thought about how they can help you personally. They seem to be an ambiguous element of the business world, and when they are discussed, always seem to be this thing that other companies and organizations do. What I am referring to is Business Systems ... to depend on will not be wasted. Others can continue doing exactly the same thing, in exactly the same way, for many more years to come.

by Sassassin
0 like 0 dislike
0 comments 1,476 views
What are the Benefits of Business Loan?

Finance is always a main issue, when it comes to start a new business. You can have various innovative ideas and plans, but you just cannot think to move ahead, if you do not have enough funds. New business loan is a specifically made loan option to help all those, who want to begin ... applying for new business loan. Besides that, a borrower should do a comprehensive research about a new business loan, to avoid any sort of perplexity in future.

image
by VoyageHooper
0 like 0 dislike
1 Comment 249 views
0 like 0 dislike
1 Comment 306 views
What are the advantages of joining a forum?

What are the advantages of joining a forum?

by DreamBaby
0 like 0 dislike
1 Comment 250 views
What are the advantages of writing eBooks?

What are the advantages of writing eBooks?

by Sassassin
0 like 0 dislike
1 Comment 310 views
What are the advantages of switching credit cards?

What are the advantages of switching credit cards?

by LoyalChief
0 like 0 dislike
1 Comment 271 views
What are the advantages of Barcoding and Barcode scanners?

What are the advantages of Barcoding and Barcode scanners?

by AfternoonFay
0 like 0 dislike
1 Comment 302 views
What are the Advantages of Low Interest Credit Cards?

What are the Advantages of Low Interest Credit Cards?

by MysteryWasp
0 like 0 dislike
1 Comment 258 views
What are the Advantages of a Home Equity Loan?

What are the Advantages of a Home Equity Loan?

by OpinionOwl
0 like 0 dislike
1 Comment 243 views
What are the Advantages Of Long Term Trading?

What are the Advantages Of Long Term Trading?

by SleepyFledgling
0 like 0 dislike
1 Comment 320 views
0 like 0 dislike
0 comments 1,336 views
Equipments necessary for starting a business in the production of labels

The labels cover a large range of products for which they are destined, and this determines the existence of several types of label creation according to the type of printing used. From the point of view of the printing type used, the labels are of two types: self-adhesive labels which, ... which don't have a rectangular form, a tunnel puncher whose maximum dimension of processing must be chosen according to the target market that we refer to.

by FatKomodoDragon
0 like 0 dislike
0 comments 1,220 views
The Importance of Call Centre Staff

Most businesses invest fortunes in any way they think will make their company thrive, from advertising and brand management to environmentally and socially sound operations, but there is one aspect of that latter business trend that is of particular significance. While many consumers familiarize themselves with a ... a non-viable way of working, as staff members realize that they can earn more money, and be treated with more respect, elsewhere.

by Knighthawk
0 like 0 dislike
0 comments 284 views
The Importance Of Business Plan

Do you need more money to expand your business? If yes, you need a business plan. If you are starting a business, despite the work involved, a business plan can prepare you for the obstacles ahead and help ensure your success. Creating a business plan forces you to contemplate possible obstacles ... your guide and silent business partner - indicating where you need to improve. Make it a priority to have this crucial road map for your business.

by MammothMoth
0 like 0 dislike
0 comments 1,405 views
The Benefits of Business Improvement Programs

By attending to an effective, well-structured Business Improvement Program (BIP), business owners are able to learn elaborate, reliable marketing and business management techniques with minimal time and effort. A solid, coherent Business Improvement Program can easily make the difference between ... correct emerging problems. Business Improvement Programs are the best means to rapidly enhance the efficiency and the prosperity of your business.

by OpinionOwl
0 like 0 dislike
0 comments 1,296 views
The changing face of self made business

How does young, dresses casually, rich sound to you? Even to a casual observer it is perfectly clear that today's entrepreneurial environment has changed a lot over the past 20 years. At the age of 25, a young person can very well be manager of his/her own company or, if the person is not ... internet traffic to us, and they are paid up to $175 for the sales made. Earning money online doesn't get any simpler nor easier , said Ben Lloyd.

by Madept
0 like 0 dislike
0 comments 1,495 views
The Basics Of Business Incorporation

If you are a business owner, even if it is a small business, you want to be successful. You are undoubtedly aware of the work it takes to make a business profitable. You might also be aware of the different tax penalties and other ways that the government makes it difficult for a small, ... incorporation is a great way to turn your little business into a legitimate organization, and it is not nearly as complicated as it might sound to you.

by Conjursa
0 like 0 dislike
0 comments 312 views
The Power of Joint Venture

What is a joint venture? Although it is the key to increase your profit and your time off (you sell while you are doing nothing), joint venture is the biggest unused marketing technique. It is a complete win-win situation, and it can be your most powerful tool to succeed online. The ... that other people in your niche are not competitors, but actually they are your partners. Remember: other people is the way to succeed in your business.

by GreedyPig
0 like 0 dislike
0 comments 219 views
Quiz - The Ego Of Your Team Member

A team is formed to achieve a goal, and for that all the team members have to combine and pool their abilities to achieve different tasks and achieve that single goal. Many times it is seen that a team with high performance individuals fails to achieve the given targets. There may be many reasons for ... also play havoc. Control the ego of the team members and you will get fabulous results. Quiz your team about all these aspects and you will win.

image
by OpinionOwl
0 like 0 dislike
0 comments 978 views
Franchising - The Licensing Of Trademarks And Methods Of Doing Business

Franchise is a method of doing business by licensing trademarks. A recurring royalty fee being the prime source of income, the advent of franchise business dates back to the 1850s. The earliest example being the bars of New South Wales, the agreements between these bars and the breweries ... in the 1950s rendering United States a franchise business dominion to the point where proprietorship business has become the exception rather than the rule.

by Tabooccaneer
0 like 0 dislike
0 comments 253 views
Key Employees can and will leave your Business, are you prepared?

Very few businesses can claim to be prepared for the loss of key employees. Quite often it is an unexpected and unplanned for event that causes quite a bit of disruption to 'business as usual'. It is quite a gut wrenching experience to see an employee you have worked with over ... following these steps for all positions in your business you will insulate yourself from some of the problems that occur when key employees leave your business.

image
by nicejone
0 like 0 dislike
1 Comment 256 views
Are Business Consulting Companies Worth Your Time And Money?

Are Business Consulting Companies Worth Your Time And Money?

by TrustyKitty
0 like 0 dislike
1 Comment 225 views
How to find the best outsourcing company?

How to find the best outsourcing company?

by Cybora
0 like 0 dislike
0 comments 224 views
What to Look For in a New Franchise

Want to buy a franchise opportunity? Great idea! Here is a high-level overview on what to look for: Operating History - A long history of success is the #1 thing to look for. If many other franchisees have been successful over the years, your chances are probably pretty good that you will be ... a section on their web site for franchise re-sales. Beware if there are a lot of re-sales relative to the total number of franchises in existence.

by HairySeahorse
0 like 0 dislike
0 comments 238 views
Process Analytical Technology: What Is It?

Process Analytical Technology is a system for designing, analyzing and controlling manufacturing processes through timely measurement during processing. With the goal of ensuring final product quality, it analyzes raw and in- process materials. The PAT is now being deployed in the pharmaceutical ... end of manufacturing process. When all critical sources are identified and explained properly, then a process is generally called well understood.

image
by HairyFoal
0 like 0 dislike
1 Comment 329 views
What to look for when working with a partner?

What to look for when working with a partner?

by GraveGrass
0 like 0 dislike
1 Comment 255 views
What should i know about A Retail Merchant Account?

What should i know about A Retail Merchant Account?

by HarmlessRose
0 like 0 dislike
1 Comment 300 views
0 like 0 dislike
0 comments 1,182 views
What are the business start up costs?

If you are considering starting your own business, then you have no doubt considered the investment required for various business start-up costs. The first thing you need to do is find a market that your business can be successful in. Next you must look at approximately how much it will cost ... that offer an abundance of information on business start-ups costs and links to essential sites that can help you get your business up and running!

image
by AfternoonFay
0 like 0 dislike
0 comments 216 views
7 Simple Steps to Get More Out of Your Day

Let's face it - time is probably our greatest resource. We never seem to have enough of it and it seems to pass so quickly. Well we won't get any more of it and we can't slow it down. What we can do is make the most of the time we have. Here are some simple steps you can take to get the most out of ... I want to get to?" if the answer is "no," change what you're doing. This is the easiest way to more out of your day and more out of your life.

image
by MysteryWasp
0 like 0 dislike
0 comments 230 views
Benefits of Incorporating Your Own Business

If you have a small business or starting one in the near future, it is important to look into the benefits of incorporation. The government provides benefits to companies that incorporate their businesses with tax breaks, limits in liability and benefits for employees. Here are some tips to benefiting ... save on the considerable costs to provide it. So if you have a small business or are thinking of creating once, look into corporations.

by Octopuppy
0 like 0 dislike
0 comments 210 views
Important Features of Business Improvement Programs

There are various reliable training centers on the World Wide Web that allow business owners to actively participate to various professional Business Improvement Programs. Such professional training programs account for a wide range of features including business management, innovative sales ... business. Thanks to their proved efficiency and reliability, Business Improvement Programs are recommended by thousands of business owners worldwide!

by MammothMoth
0 like 0 dislike
0 comments 241 views
Thinking of selling your company?

Your decision to sell: Making the decision to sell your company is a tough one. However, when you decide to do so, make sure it's a priority in your life. A common mistake is when a seller starts the marketing process and it's not a priority, it's becomes obvious to buyers. Unlike a ... same mistakes over and over. Mistakes can cost hundreds of thousands of dollars. There is too much money at stake, and you don't get a second chance.

image
by FoolishJaguar
0 like 0 dislike
0 comments 1,367 views
The Value of Drop Shipping: How Much Are You Saving?

by Stuart Lisonbee Now let's compare the length of time we would spend on an auction if we were to use Doba. Because we are allowed to "hot link" to images on the Doba server, that saves us time right there since we don't need to upload images to an image hoster or to eBay. Let's conservatively say ... calculation we did in the previous article. For me, it's not just saving time that is of value to me. It's also less stress, and less hassle.

by GamerAlpaca
0 like 0 dislike
0 comments 350 views
10 Ways To Ensure Your Flyer Avoids The Bin

Flyers are an excellent marketing tool to promote a club night or event. They are commonly used for student promotions throughout the country. You want your flyers to travel all over town, only you'd probably prefer it wasn't in the dustcart or stuck to the bottom of someone's shoe. What steps ... the flyer yourself can maximise your budget. Your personal enthusiasm and a friendly face can work wonders. 10. Er, try not to stand near a bin.

image
by BeautifulWolf
0 like 0 dislike
0 comments 694 views
8 Great Interview questions to help you find the right Candidate

1) Do you have written goals you want to accomplish and if so, tell me about them? You are looking for indications of maturity, focus, planning ability and desire for achievement. 2) How did you earn your first paycheck, how old were you, and what did you do with the money? With this question ... answers to these and other questions you may provide, you'll have a good idea if you're ready to take the next step with this person. Good luck

by BumblingBee
0 like 0 dislike
0 comments 1,354 views
Who Has The Largest Retail Location In The World? The Internet, That's Who!

We often hear about the many thousands of locations where you can find a Wal-Mart, or a Target, or even the remaining K-Marts. But none of these retail giants can even come close to the Internet. I remember when many of us first got online circa 1997. There were only 17% of Americans online and ... can't find locally, you'll get those products at amazingly low prices, and you can do it all without leaving the comfort of your home or office.

by ForceSoldier
0 like 0 dislike
0 comments 1,041 views
The Internet is Used 24/7, But Timing Still Matters

With so much information on the net regarding Internet marketing, identifying the best approach is difficult. Following is a discussion of the timing issues you should keep in mind. The Internet is Used 24/7, But Timing Still Matters Information on web marketing is a dime a dozen. Reports and ... of Internet marketing discussed and debated on a daily basis. Take into account timing issues and you can will see an upward trend in your revenues.

by VirtualAssassin
0 like 0 dislike
0 comments 251 views
Reasons Why Information Is The Greatest Commodity In The World

There are so many reasons why information is the greatest commodity in the world. Information helps people. It spreads the knowledge of topics and subjects. It is the basis for every study, occupation, and hobby. The most important reason why information is the greatest commodity in the world, a reason ... know why it will continue to be just that. Whether you provide your information on or offline, you can earn income and even make a living.

by Octopuppy
0 like 0 dislike
0 comments 1,375 views
Facing Your Daily Stresses And Anxieties In The Business World

Everybody deals with anxieties and stresses in the business world. As a result, here is a list of techniques that a person can use to help manage their daily stresses and anxieties at their job and/or in the business world. Sometimes, we get stressed when everything happens all at once. When this ... The more control you have over your stresses and anxieties, the better off you will be in the long run at your job and other business endeavors.

image
by Oystrich
0 like 0 dislike
0 comments 234 views
Contract Manufacturing: Choosing The Right Way To Go

Choosing the right company to handle your needs for contract manufacturing is the difference between doing well and doing less than well at your project. The good news is that there are some excellent quality companies out there that will serve your needs effectively from the start. Here are some things ... on the subject. Alternatively you may try looking on Yahoo, MSN or even a decent directory site, all are good sources of this information.

image
by KeyboardPie
0 like 0 dislike
0 comments 985 views
Business Planning Help: Finding The Help That You Need

Business planning help is help that is structured to help your business in any way that you need it. It can help you to get your ideas worked out. It can help you to find the legal aspects of your business and take care of them. It can even help you make decisions that you ... same problems yourself. Business planning help is also available throughout the web a well. Get focused and get motivated to finding and implementing your business plan.

image
by HarmlessRose
Connect with us:
...