Most people probably did not expect for outsourcing to gain so much popularity, but how can it not be popular to businesses when it can actually help them do so much at a lower cost? Almost all outsourcing companies specializing in different fields have pitched to their potential clients the widely advertised benefits of outsourcing.
Everyone knows that the key benefit of outsourcing would be to lessen the operational costs of a company. But what is often overlooked by companies is that this is not the only benefit that they can gain from delegating their work processes to an offshore outsourcing solutions provider. Also, the benefits that are being posed by companies are interconnected - meaning, there are different aspects of a business that are affected, on a positive note, when they decide to enter a strategic partnership with an outsourcing company.
One of the benefits is that companies can be able to conduct their business operations on a 24 by 7 work week. Most outsourced businesses come from the United States and the United Kingdom region, while the top outsourcing destinations are often located in a time zone wherein the working hours are the total opposite of their businesses in the aforementioned regions. This set up promotes an opportunity because it enables outsourcing companies to continue doing the work process of a company based in the United States or within the European region after their work shift has ended. This allows for businesses to have a better leverage with their clients as the job can be done within a shorter span of time. As for companies based in countries that have the same time zone as the outsourcing destination, it is also beneficial because they can work on a project hand in hand and this gives them the opportunity to be able to check the output of the offshore team on a convenient time, if not real-time.
Also, when companies decide to outsource to a destination which has a strong Western cultural affinity, such as the Philippines, it would take lesser time in familiarizing one's self with the topic or task at hand. This is very much helpful for those businesses offering market research as one of their solutions because when they decide to seek the assistance of a market research outsourcing solutions provider who has a strong familiarity with Western, they are somewhat assured that what they will be getting is an accurate set of data output. However, having a strong cultural affinity's being helpful for a business is not only limited to those offering market research services; in fact, it is actually helpful for almost all types of businesses.
One might think that the benefits of outsourcing could only be a marketing strategy for offshore outsourcing solutions provider and could be false. But with the amount of attention being given to the industry, it is possible that most businesses who have tried outsourcing actually enjoyed their partnership and have even continued to extend their contracts with their respective trusted and preferred outsourcing partners.
Author: Jamee C.
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.