Outsourcing to India is the new normal.
For a fraction of the cost it takes to hire a full-time employee, there’s a legion of talent all over the world available for businesses to tap into, especially with the rising growth of outsourcing services. Hiring is not as hard as it should be anymore. Thanks to the rise of smart devices, cloud computing, and the human cloud, outsourcing is the new way to find skilled talent for your business.
Today, it’s about remote/dispersed teams and office-less possibilities. The nature of work has changed. There are no geographical boundaries, and the world is truly an oyster.
Consider this: In the U.S alone, businesses spent nearly $1billion in the year 2014 on remote hires, remote teams, and freelancers. If you thought it was just a fad, Virtual assistants earned $50 million in 2014, and that number is expected to increase by 50 percent in 2015. Those numbers are for independent freelancers.
But then businesses have distributed employees working full-time, but on a remote basis. Plus, there are full-fledged outsourcing solutions — houses, agencies, and an entire legion of outsourcing companies — already setup to manage support services for clients all over the world.
Small businesses have a level playing field with major companies. The only thing left for businesses to do is to tap into what exists.
We now have a technological and demographic marvel with regards to the talent on our hands. All businesses — small, medium, or big — have access to it.
“”Most entrepreneurs have great talents but many times they think they can do it all,” Laura Lee Sparks says. “That can really stall the growth of the business. By outsourcing the day to day back-office tasks, the business owner has more time to focus on generating income.”
David Walsh — entrepreneur and author of Source Control — an e-book on effective small business outsourcing writes
“Small business, augmented by a global pool of human capital, can compete directly with the biggest players in their space, and win.”
Every business benefits from outsourcing — it keeps your costs low, helps you manage attrition better, and you end up with a more experienced talent for the cost you incur.
Nasscom states that the global sourcing industry grew at about 9-10% last year with countries like India taking the lead as primary outsourcing destinations for some of the largest companies in the world.
Research & Development, customer service, IT and related services, accounting services, virtual assistant services, graphic design services, virtual finance management, bookkeeping services, technology, web development, and many other business functions now have specialist-outsourcing companies handling it all for global conglomerates.
To make business outsourcing happen, our team of specialists is handpicked from 5.8 million people who make up the digital skills, technology, and IT skills slice of talent in India where 150,000 digitally skilled people are employed in India and more than a million technical output engineers work to keep this value up each year.
In short, outsourcing is everywhere and it’s for every business out there. Outsourcing is profitable when you do it right. Our company stands testimony to this fact.
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