Benefits of Outsourcing

To a layman, outsourcing would seem like a waste of time and money, as well as an unnecessary complication. After all, why send business abroad when the work can probably be done better at home? For a politician, the issue of outsourcing serves as a fortified objection to taking jobs away from 'our compatriots'. Sympathy towards this issue may elicit a few votes, but nothing more.

But for a businessman, outsourcing is a boon modern. Outsourcing grants businesses the freedom to dump non-core areas, but important part of his administration on companies specializing in those very individual aspects. So, leaving the businessman free to focus entirely on leading sectors of society in the real moolah.

The most enticing advantage of outsourcing is the economic factor. Human resources and services in the United States or Europe are not exactly cheap. We avoid complicated business jargon and say that outsourcing is basically an option that offers these services to a lot, ie much lower rate, a cheap but highly productive mass work force. Take India as an exemplary example.

Thousands of highly intelligent people graduate in a variety of fields each year. Almost everyone speaks English better than English, and have dreams of doing a lot of money in a short period of time. The BPO boom in the last 10 years has given them the opportunity to realize those dreams. It offers them the opportunity to stay close to home and earn almost as much as they would if they had taken a job abroad. On average, an individual would have earned $ 300 to $ 500 per month. A small sum for an American, an Indian, but would be very happy with that salary considering the conversion rate. This is a win - win situation for your business as the company is outsourcing.

There is no dearth of candidates willing to suffer incessant night shifts. Because of a continuing effort of having to prove themselves, you can be assured of quality and productivity at all times. The companies outsource more and be sure to reach your goals, deliver on time, ensure stringent security and maintain a level of productivity that will tempt you to take your business elsewhere. Employees are regularly evaluated and terminated if found wanting in every aspect. The entire recruitment process and the problem of having to find (and afford) 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 new offshore contracts will also offer tax preparation and back office services. Hundreds of graduate business students to India every year and go on to become chartered accountants in a country where there is no shortage of them. Offering these services to foreign countries would be profitable for both parties. The most advanced security procedures will be employed in this regard.

It all boils down to 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 profitable to do business, is here to stay .......