To a lot of people outsourcing might seem like a waste of money and precious time, as well as an unnecessary complication. After all, why should one send business abroad when the same job could probably be done better right at home? To anyone running for office, the topic on outsourcing serves as a real objection to “taking work” away from “our citizens.” Compassion towards this topic will only elicit a couple of votes and nothing more.
But to all businessmen and women, outsourcing is a modern day boon, period. Outsourcing offers all types of businesses the liberty to dump non-core but still important sectors of their administration on firms that specialize in those individual aspects – leaving business owners the freedom to totally focus on those areas of their business that bring in the real dough.
The most alluring advantage of outsourcing is the cost effective feature. Information Technology and human resource services in Europe or the US is not exactly cheap. Let’s simply say that outsourcing is typically an alternative that provides these services at a much lower cost by providing a cheap yet highly productive work force.
Let’s take Asia (India in particular) as an example. Thousands of highly intelligent people graduate in different fields every year. The truth is that almost all of these graduates speak impeccable English and dream of earning good income in a short period of time. Thanks to the boom of BPOs in the past ten years, it has given them the opportunity to realize their dreams. It provides them with the great opportunity to stay close to their home and earn almost the same income as they would if they worked abroad. An individual would earn on average about 300 to 500 dollars each month. Yes, it may not be much to an average American but believe it or not, an Indian would be quite contented with that salary taking into consideration the conversion rate. So it is a win-win situation for your company as well as the firm that you are outsourcing to.
There is something wonderful about Americans: a lot of American business men and women will never take advantage of outsourcing if it means that it is going to mean that other people will be working their fingers to the bones without being duly compensated.
Daven Michaels Author of the book Outsource This!