The Cyber Security in your organisation should be a thing of major concern. These days, most of your information is saved in virtual storage that we call “clouds”. Even our most private, personal, confidential information goes over cyber walls, and is said to be encrypted. The questions are – how exactly? Which cloud do you trust enough to secure your data? Do you save randomly in this cloud and in that, as it comes to you? Or do you have criteria for choosing your cloud? It has become more imperative by the decade that your information is secure and accessible by only by designated persons.
When you think about all the work that you do, you think of all the extra hours you wish you had in a 24-hour day, or the extra hands you could add to your two hands, just to get more things than you already can, done, that’s a thought towards outsourcing. Our ability to do it all does not erase the fact that if we had a helping hand in this, we would be more effective in that. In other words, when an aspect of your task is outsourced to someone else to do, you are able to focus on a major task, and effectively deliver, and you may also expect effective delivery from those you outsourced to.
Outsourcing could be said to be the same concept as division of labour – the more items you have to do, the further shared your attention is, and therefore ineffectiveness may be anticipated. However, it is easier to pay attention to fewer items, especially those in your area of specialty, and outsource other items. Like an IT company is to a CyberSecurity firm.
Outsourcing your Cyber Security
Assuming you are abreast with the need for cybersecurity, are you able to identify your business with one cloud brand, and can you say without a doubt that your data is secure? If yes, then you are on track; if no, then you are at the risk of a range of cyber insecurities. Outsourcing your CyberSecurity needs to an organization that keeps you covered for decades, or as long as forever, without having to figure out cost and know-how implications of setting up a cybersecurity firm, or department.
CyberSecurity Outsourcing Services
If you have come across the words “cybersecurity outsourcing services”, you may want to check it out and exploit the potentials, for your data and cyber security; saving yourself risks of cyber-attacks, and loss of data. You may also want to save yourself the various implications of trying to secure your data by yourself.
Daven Michaels is a New York Times Best Selling Author and CEO of premiere global outsourcing company, 123Employee. The company employs hundreds of young bright individuals on three continents. His International event, Beyond Marketing Live! inspires entrepreneurs build & grow their business with revolutionary new theories and systems allowing them to design the business and personal lifestyle of their dreams.
We can compare technology with the ever-growing property of the universe. In fact, it will be impossible for a business to survive with technology. Technology has actually improved the way companies work. It will get tasks accomplished as fast as possible, thereby saving time and effort.
The availability of the Internet through tablets, Smartphone, laptop, and PCs will be out-of-date. Everything you can envisage as far as business transaction is concerned will be digitized and networked. This renovation will reorganize the operations of sectors such as analytics, retail, healthcare, and transportation. 212 billion gadgets will be connected to the Internet by the year 2020 in the opinion of International Data Corporation (IDC).
2. Predictive analytics will be at the forefront
Cities will receive smart makeovers by tying together the power of predictive analytics and intelligent sensors. Programs like IBM’s Smarter Cities will prompt us concerning a range of forthcoming civic troubles. Predictive analytics will be used for all business types, and will delineate the prospect of retail.
3. View everything in three dimensions
Another area where revolution is ready to happen is the 3D printing. It was estimated that the sales of 3D printers will see a rise of 75% by the end of 2015. 3D printing is impacting the way research is conducted, designs are discovered, and how prototypes are made. Many more are still coming.
4. There will be noticeable changes in the global IT hiring patterns
The IT hiring model for businesses will take a major shift in 2015. As far as hiring western IT professionals is concerned, the Asia-based companies will contribute the most.
5. The Wearable technology would be the Zeitgeist
Despite the fact that Google Glass and others have ushered in the body-hugging coup already; the wearable electronics will be at reach in the near future. By the year 2020 according to statistics, wearable technology will place itself as the top sources from which revenues will flow from fitness gears, virtual reality, aural communication gadgets, athletic footwear, automatic medical procedures, and a $34 billion industry.
6. Cloud technologies will surge at an unprecedented rate
Personal cloud computing will focus more attention on services instead of the gadgets. The syncing of public and personal clouds or hybrid cloud will become a burning issue for organizations. The occurrence of hacking will come into view in large extent with a larger degree of interoperability.
7. Technology with Context
Technology professionals forecast that there will be an astonishing large number of personal assistants and contextually sensitive smart machines by 2020.
Exceedingly developed cognitive computing systems such as IBM’s Watson will generate replies to our queries in our normal language. Our doctors will be able to cure various ailments by thorough DNA level investigation. All these will force folks and companies to invest, prompting the messiest period in the IT history.
Daven Michaels is a New York Times Best Selling Author and CEO of premiere global outsourcing company, 123Employee. The company employs hundreds of young bright individuals on three continents. His International event, Beyond Marketing Live! inspires entrepreneurs build & grow their business with revolutionary new theories and systems allowing them to design the business and personal lifestyle of their dreams.
An ecosystem entails an intricate sequence of communications between organisms and their environment. Globalization is the innate progress of business into some ecosystems that are mutually dependent on each other to be fit, sustainable, prolific and growing.
Business ecosystems have passed through drastic changes with the introduction of the Flatworld and internet-enabled, echelon playing field of the 21st century. They are serene of virtually networked teams that mingle, accomplish a goal, break up and mingle again, but with different members this time, in different time zones, to accomplish different objectives.
The members of the team may rarely or in no way meet personally, they may be living in different locations and even speaking different languages. In order for the performance of the whole to be greater than the sum of its parts, virtually networked teams operate synergistically.
Outsourcing and the Growing Business Venture
Business process outsourcing has proved itself to be an international mainstream policy for business development, and major components of the business processes of a company have been moved to secluded places, managed by third party players. This has in turn spun off the benefits of outsourcing towards:
This is a one-stop shop providing a wide range of services focused on dedicated business process outsourcing services in diverse types of industry verticals such as mortgage, finance, insurance, logistics and healthcare. The services in each vertical of the BPO holarchy of holarchies are the holons –i.e. the wholes having their individual exclusive uniqueness, which are integral parts of the bigger wholes or the holarchies. The full basket of service hand-outs in each industry is referred to as a holarchy.
If you are a customer, you will have access to more than a few dedicated holarchies in the Flatworld Solutions banner. New opportunities will emerge for you as you keep doing business and you will find out that the scope is endless for new innovations or processes that add value to your customers, and make procedures easy for your staff or cut cost burdens for your partners.
Consolidated service offerings under one roof
You would have known now that for outsourcing to be successful, you must invest both time and effort. In other word, you must work hand in hand with the outsourcing company so that you can achieve your outsourcing goals in the most resourceful and lucrative way.
You will have access to a lot of specialized services all over the industries when you work with Flatworld Solutions. This will in turn save you precious time in building trust, establishing a mutual relationship, negotiating contracts, sizing up vendor capabilities, and ironing out SLA and legal issues.
Daven Michaels is a New York Times Best Selling Author and CEO of premiere global outsourcing company, 123Employee. The company employs hundreds of young bright individuals on three continents. His International event, Beyond Marketing Live! inspires entrepreneurs build & grow their business with revolutionary new theories and systems allowing them to design the business and personal lifestyle of their dreams.
Vendor selection process is very important any business operation. Choosing a perfect outsourcing vendor is one of the vital decisions that can be made by any organization. The process is not as easy as hiring a nearby vendor or the one offering low cost services. It is all about fulfilling all the vendor selection conditions and process by the ideal vendor.
While outsourcing any service, A lot of businesses go for the cheapest service provider without giving much consideration to other criteria, while outsourcing any of their services. Evaluating a particular vendor from all areas will guarantee a successful vendor selection.
Here are the steps you need to take for choosing a perfect outsourcing vendor for organization.
1. Business Requirements Examination
Careful examination and analyzing your business requirements is the initial and imperative of the steps involved in outsourcing vendor selection process. As a business owner, you should be very clear about the services you want to outsource to a third-party. You can forge ahead with your search once you have established this fact.
2. Conduct Research for Vendor Research
The team you have vested with the duty of selecting the outsourcing vendor can start vendor research by listing all the possible organizations and ventures meet all your business requirements as listed and analyzed. The team can further reduce the number of selected vendors or companies after a scrupulous background check.
3. RFP and RFQ
Once you have got the list of capable of vendors for the required assignment, your team can then ask for a RFP, which is the abbreviation for Request for Proposal or RFQ, which is the short form for Request for Quotation. This particular request should have information such as a preface, synopsis of the requirements, a short background of the business, specifications, and the essential terms and conditions
4. Choosing of Vendor
Before selecting a vendor, make sure you analyze all the proposals you collected from different vendors carefully. In addition, thoroughly examine the actual nature of the service to be provided for the price quoted. Then weigh each of the requirements being considered, based on their importance.
Make sure you check the price quoted critically. Select the best proposal which best suits your business requirements and have a reasonable cost.
5. Contract to Hire
Drafting the contract is the final step after choosing the outsourcing vendor. You need to plan the contract negotiation strategy in such a way that it will properly sort out the priorities of the required services in order to prevent future complications.
In addition, there must be thorough examination of an assortment of risks and liabilities involved in signing a contract. You can go ahead and sign the contract for hire, once the suggested changes suggested, if any, are included in the final draft.
Daven Michaels is a New York Times Best Selling Author and CEO of premiere global outsourcing company, 123Employee. The company employs hundreds of young bright individuals on three continents. His International event, Beyond Marketing Live! inspires entrepreneurs build & grow their business with revolutionary new theories and systems allowing them to design the business and personal lifestyle of their dreams.
Quite a lot of businesses have engaged in outsourcing IT talent to finish tasks like cybersecurity and preparing big data in order to save costs on internal salaries and give current employees freedom to complete other assignment in the midst of a tech talent gap.
Statista revealed that the overall outsourcing market was $88.9 billion in the year 2017, and it is set to hold stable in 2018, especially for healthcare, energy, and business services.
Here are six predictions for business and IT outsourcing in 2018.
1. Quest for Soft Skills will Increase
Despite the fact that hard IT skills will keep on to be in demand, the demand for soft skills will also increase in 2018. These consist of leadership, teamwork, and communication, which all add to the achievement of IT projects.
There will be no place to hide in the lean surroundings of upcoming engagements. Developers must be ready to wholly get all the soft and hard skills, required to vie in the future marketplace.
2. The Customary Captive Centers will Reduce
Because disparity in labor costs will start vanishing and global companies are unable to offer salary increases and career development to the employees, which leads to low productivity and high turnover, businesses can expect captive centers to reduce in number.
3. Companies will pay more attention on value and focus less on cost
Despite the fact that a good number of companies outsource IT talent owing to costs, they are paying more attention on the value of services offered by these businesses. The consumers of nowadays are highly knowledgeable and fully conscious of the failures linked with outsourcing.
This and the need to provide timely IT solutions will boost the need to offer better value to the customers, with intelligibility. Although companies will need to expense more on high-quality service providers, but will see the results and value of doing so.
4. Partnerships will turn out to be more important
Business looking for technical support abroad because of lack of budget or skills need to get a partner who can understand their present needs and look forward to what they might need to meet their business goals in the future.
This will require the partner to engage workforce with technical skills, act in a transparent manner and labor with the company to accomplish the goals of the business—something that was not well thought-out in the past.
5. There will be an increase in the growth of emerging tech
Businesses will engage outsourcing providers to find a scalable key to building development teams with in-demand skill sets, as they look to implement technologies like the Internet of Things (IoT) and blockchain. This will make skilled developers to grow.
6. The IT skill shortage will intensify
Demand for experienced IT workers will keep increasing in 2018 while more businesses become driven by technology—making companies turn to outsourcing IT roles. This will lead to high demand for key skills such as Microsoft software, open source, and mobile development skills from outsourcers.
Daven Michaels is a New York Times Best Selling Author and CEO of premiere global outsourcing company, 123Employee. The company employs hundreds of young bright individuals on three continents. His International event, Beyond Marketing Live! inspires entrepreneurs build & grow their business with revolutionary new theories and systems allowing them to design the business and personal lifestyle of their dreams.
Back office functions have so much to contribute in every organization, and its importance cannot be overstated. These functions might be less appealing to some, but it is as important as any other role since it is the engine room an organization.
Apparently, back office tasks have continued to increase and offer great advantages to business owners. Also, the rate at which these functions are outsourced has continued to increase as well. Outsourcing back office tasks allows you to focus on your core business operations, brings in higher flexibility, reduces cost, and gives you time to focus on the core business functions, amongst other things.
WHAT KIND OF BACK OFFICE FUNCTIONS CAN BE OUTSOURCED?
Literally every back office function can be outsourced without having any adverse effect on the normal business operations. Here are some of the basic back office functions that can be outsourced:
Data entry
Bookkeeping
Data extraction
Payroll
Document imaging
Data enrichment
Translingual data entry
Directory services
Taxation
IT support
Invoice forms
Human resource
A lot of back office outsourcing agency are of the opinion that companies can save as much as 70% just by outsourcing their back office functions. Asides from the advantages that has been listed earlier on about outsourcing back office functions, the most important reason why you need this service is it gives you time as well as other resourcing to focus on your core business functions.
Will you totally hand over your back office functions to a freelancer so as to focus on your business? No; not at all. You need to take some time out of your busy schedule to check in on what is going on with the outsourced projects, and also to measure the level of success that has been achieved as a result. Outside of that, you have all the time to yourself to attend to the needs of your customers and prospects, and to try out new things as a way of expanding your business.
In conclusion; to answer the question “why do you need back office outsourcing services?” if you have a reliable outsourced service provider that can take care of your back office functions, you want to save money, you want to save time, and you do not want the core functions of your business to suffer, then back office outsourcing service is for you.
Daven Michaels is a New York Times Best Selling Author and CEO of premiere global outsourcing company, 123Employee. The company employs hundreds of young bright individuals on three continents. His International event, Beyond Marketing Live! inspires entrepreneurs build & grow their business with revolutionary new theories and systems allowing them to design the business and personal lifestyle of their dreams.
The best way to ensure a task is carried out is to carry it out on your own. But there are times you’ll have no option but delegate some of these tasks to others. Basic business functions can be delegated to employees, while the not so basic ones can be outsourced to external offshore vendors.
Why do man companies prefer to outsource some of their tasks?
REDUCED COST:
A very good reason why companies outsource their task is to save cost. This is the most obvious reason many companies outsource some of their tasks. An outsourced task can be done at a reduced rate and at a very good quality too. This is not to say that outsourced jobs are not well paid for, but they are way cheaper than hiring a new employee to handle the task.
Talking about hiring another employee, most of the outsourced tasks only come up where there is a temporal work overload, after which there may be no need to outsource more tasks. So, it makes no sense to outsource to hire an employee who will not have a steady work flow.
MAINTAIN BASIC BUSINESS FUNCTIONS:
You don’t want to be distracted from your actual business activities because you need to take calls on your customer care line, or because you need to constantly upload contents to your business websites. It is important to maintain quality customer care service, and it is also important to have an online presence, but these two things are not as important as the core products that make up your business.
To save time and energy for your business, you’ll have to outsource these kinds of tasks and face your business squarely. Build your brand the right way to ensure value added services and products for your customers.
EXPERT OPINION:
When you outsource some of your tasks, you are employing external bodies to help you develop your business. These external vendors come in with past experience with other companies, and a fresh and helpful perspective which you would never have thought of. Their opinion can help elevate your business and ensure greater sales.
Very good examples of this include call centers and digital marketers. While you are focused of while you are concerned with filling out demands made on your business by your customers, a digital marketer is concerned with creating an online presence for you, while a call center agent is concerned with delivering quality customer service; all at a reduced rate.
Daven Michaels is a New York Times Best Selling Author and CEO of premiere global outsourcing company, 123Employee. The company employs hundreds of young bright individuals on three continents. His International event, Beyond Marketing Live! inspires entrepreneurs build & grow their business with revolutionary new theories and systems allowing them to design the business and personal lifestyle of their dreams.
It one thing to know how valuable it is to outsource services to external outsourced service providers, it is another thing to know the right service provider to go for. It is critical to select a service provider that understands your technical requirements and also fit your cooperate culture. So if you’re thinking of outsourcing some of you some functions for your service operation, here are some tips to help you.
1. IDENTIFY THE GOAL FOR OUTSOURCING:
The first stop to outsourcing is to clearly define what needs to be outsourced, and the goal expected to be achieved at the end of the project. Are you looking to outsource because
You do not have enough time to carry out the tasks yourself
You do not have the resources required for such tasks
You want to improve or maintain your current business operations
You’re looking to implement a new strategy in your business
You want to reduce the cost of such operations
Answering these questions and more can help you decide on what should be achieved by outsourcing some of your business functions.
2. FIND THE RIGHT OUTSOURCED SERVICE PROVIDER FOR YOUR INTENTIONS:
There are many outsourced service providers, but that does not mean that all of them have what it takes to carry out your business functions efficiently. The first call to action in this case will be to find outsourced service providers that with a good history of providing the kind of service you’re looking for. Take some time to carry out some research on the internet, and thoroughly investigate reviews and references. Talk with their current and past clients to find out if they really practice what they preach.
When you contact an outsourced service provider, pay attention to how they choose to address you needs. You can tell from the way they talk if they have what it takes to help your business talking about experience and passion.
3. DO NOT BE CHEAP; GO ALL THE WAY FOR WHAT YOU WANT:
One of the most obvious reasons people outsource contents is to reduce the cost of hiring an inbound employee to handle the tasks, but this does not mean the outsourced service providers work for free. A lot of them spend good money to learn about the latest tactics for business development, and they take their time to apply them to the benefits of their clients’ businesses. They know what they’re worth, and they will not let anyone tell them or make them feel otherwise.
Daven Michaels is a New York Times Best Selling Author and CEO of premiere global outsourcing company, 123Employee. The company employs hundreds of young bright individuals on three continents. His International event, Beyond Marketing Live! inspires entrepreneurs build & grow their business with revolutionary new theories and systems allowing them to design the business and personal lifestyle of their dreams.
Even long before President Trump assumed office, there has been massive attack against sending jobs abroad (Offshore outsourcing) instead of retaining them at home. This attack got worse when the present president of the United States, Donald Trump, declared ‘war against offshoring’ in his agenda.
According to different sources and publications on President Trump’s stand on recruiting workers abroad, different measures possible, including heavy taxing would be employed in bringing offshore outsourcing to an end.
Offshoring still Waxing Stronger Regardless….
Recently, some headlines showed that“outsourcing jobs offshore is still waxing stronger regardless of the massive quest to kill offshoring”
According to the reports, “companies are still shipping jobs abroad, paying deaf ear to the threats and warnings against sending jobs abroad rather than hiring citizens for the jobs.”
The report continued to point out that ‘surprisingly, the big players in the business world are the ones who tend to be ignoring the negative opinions on offshoring, going ahead to hire qualified providers outside the shores of their business location to accomplish so much with so little (in terms of cost).”
Those Wearing the Shoe know How Hard it Pinches!
Some of the biggest beneficiaries of outsourcing (offshoring particularly) are pointing that they know how hard the shoe pinches as business men. “The ones asking us to retain jobs at home have no clue of what would become of our establishments if we continue to incur massive cost on employees’ remuneration by focusing only on full-time staffing.”
So, What are these Benefits that are Driving Offshore Outsourcing?
According to the responses from the different players involved, “you really need to weigh offshoring and onshoring/ in-house staffing closely to see the unspeakable benefits that a company/business enjoys by focusing more on qualified employees abroad to accomplish business tasks.”
“But, the summary of it all is that the cost margin is over-inflated when you decide to play the pity-party and keep all the jobs at home. On the other hand, what you save by hiring experts from other countries would be enough to even create another branch of your business on the long run.”
Small Businesses have their Say as Well
“Knowing how a small business struggles with finances, it’s as good as saying the business should crash from day one if small business owners should favor full-time staffing over offshoring.”
Daven Michaels is a New York Times Best Selling Author and CEO of premiere global outsourcing company, 123Employee. The company employs hundreds of young bright individuals on three continents. His International event, Beyond Marketing Live! inspires entrepreneurs build & grow their business with revolutionary new theories and systems allowing them to design the business and personal lifestyle of their dreams.
That outsourcing is making waves in the business world is no longer news. It’s only a novice (when it comes to outsourcing) that would run on full-time staffing in executing business tasks. One of the greatest tools in the hands of business operators to cut huge cost is outsourcing. But, be sure that the top outsourcing companies you’re exploring are qualified for the task you want to outsource.
First, let’s outline the major benefits that come with outsourcing business tasks;
Boosting Profit with the Money saved through Outsourcing
When you cut down business operating cost significantly through outsourcing, your business profit grows significantly. Subsequently, you can p lough back the additional profit into expanding your business and conquering new markets.
Your Product Gets to the Market Faster
The outsourcing company usually has a deadline in executing a task outsourced to it. Companies take advantage of this to hasten production, and as a result are able to deliver their products to the target market earlier than their competitors. As a result, they conquer a bigger segment of the target market before the arrival of their competitors.
Hire the Best Worker with Less
One of the biggest benefits of using top outsourcing companies is that you get to hire professionals inexpensively. This becomes even more critical for small and medium businesses striving to make most of available resources in growing their businesses.
Give your Valued Customers the Best Treat
This particularly benefit is specific to customer service outsourcing. Customer service outsourcing providers focus on offering nothing but the best customer service to your customers. Your customers would hardly experience busy tones, ‘not reachable’ responses and being placed on hold when a reliable help desk outsourced service takes over your help desk.
Now, to be sure you enjoy the benefits listed above and much more, you need to ascertain that the top outsourcing companies you want to choose from possess the following;
Specific Skills for the Task in Question: If you need outsourcing help on accounting tasks, check the outsourcing company’s qualification to be sure it has got the relevant skills and qualifications.
Substantial Experience: Significant experience in the area you need outsourcing help is important when interviewing outsourcing providers. Let them show proofs of such experience.
Finally, when you interview top outsourcing companies, make sure you can reach them throughout the contract period.
Daven Michaels is a New York Times Best Selling Author and CEO of premiere global outsourcing company, 123Employee. The company employs hundreds of young bright individuals on three continents. His International event, Beyond Marketing Live! inspires entrepreneurs build & grow their business with revolutionary new theories and systems allowing them to design the business and personal lifestyle of their dreams.
