Off Shore Contracting
Off shore contracting is an allocation of specific business processes to a specialist external service provider. This approach gives you flexibility by allowing you to expand services in which most cases an organization cannot handle all aspects of a business process internally. Additionally some processes may be temporary, or you may just want to try a services before investing more fully, and the organization does not intend to hire in-house professionals to perform the tasks. Once the task is outsourced to the service provider, he will take the responsibility of carrying out the tasks and maintaining the organization’s assets.
The most commonly outsourced streams of business include:
- IT outsourcing
- Legal outsourcing
- Content Development
- Web Design and Maintenance
- Recruitment
- Logistics
- Manufacturing
- Technical/Customer Support
Why do organizations outsource their business process?
The key factors which have led to a growing trend of outsourcing are
Lack of expert-labor in some portions of the business process
Availability of cheaper labor, whilst not comprising on the quality of output
Ability and feasibility to concentrate on the other crucial business process
These factors have specifically contributed to most of the outsourced partners across different locations in the world.
Advantages and Disadvantages of Outsourcing
Outsourcing most commonly known as off shoring has pros and cons to it. Most of the time, the advantages of outsourcing overshadow the disadvantages of outsourcing.
The Advantages of Outsourcing
- Swiftness and Expertise: Most of the times tasks are outsourced to vendors who specialize in their field. The outsourced vendors also have specific equipment and technical expertise, most of the times better than the ones at the outsourcing organization. Effectively the tasks can be completed faster and with better quality output, concentrating on core process rather than the supporting ones: Outsourcing the supporting processes gives the organization more time to strengthen their core business process.
- Risk-sharing: one of the most crucial factors determining the outcome of a campaign is risk-analysis. Outsourcing certain components of your business process helps the organization to shift certain responsibilities to the outsourced vendor. Since the outsourced vendor is a specialist, they plan your risk-mitigating factors better.
- Reduced Operational and Recruitment costs: Outsourcing eludes the need to hire individuals in-house; hence recruitment and operational costs can be minimized to a great extent. This is one of the prime advantages of offshore outsourcing.
- Expand: Workforce quickly to scale with your needs without increasing your payroll expenses with tax liabilities.
No matter what your needs are, we are able to provide you with off shore solutions to make you a better business.