Still having hiccups in outsourcing? Come lets start sailing

“Outsourcing/Co-sourcing” words that we hear so often, but still we are sceptical regarding the same. Where comes the word outsourcing, we find us sitting in a boat on the edge still in a dilemma whether to start pedalling or not. It’s just the initial hiccup of outsourcing but once we begun sailing; we go on to reap its benefits, by diligently setting up a mechanism to govern the operations and make it work efficiently. So here we go…

Year 2020 has been one of the most unexpected year in the near past; full of challenges that popped up all across the globe. The entire world is figuring out how to overcome the challenges posed by the ongoing pandemic. COVID-19 has impacted each and every industry in some or the other way. All businesses are trying to revise their operational costs in order to subside the effects of pandemic and are continuously striving to attain financial stability. This is where the outsourcing comes in.

Foresighted companies already battened down the hatches and have been taking significant benefits by outsourcing services for quite some time now. This is particularly relevant for small to medium-size enterprises, who have limited resources (funds/space) for in-house departments like accounts, finance and payroll. Outsourcing is a business practice in which services or job functions are farmed out to a third party. Through outsourcing, businesses can create a pool of additional funds, cutting down its overhead costs incurred from non-core activities, further generating possibilities for growth. Outsourcing helps businesses to eliminate the need of hiring/training new staff for HR, accountancy or admin etc. By Outsourcing, companies can instantly scale their workforce without incurring any additional costs of hiring/training new full-time employees giving them ample of time to concentrate on their core activities and business development. Also, use of contracted workforce not only improves the morale of the existing employees but promotes creativity and enhance their overall value to the company. Further outsourcing of certain operational functions allows access to the latest technology as well as best-practice in certain activities. Thus creates a win-win situation. Just the way the wind and the waves are always on the side of ablest navigator. Its rightly said by David Sedaris “You haven’t lived until you’ve sailed..” 

#happyoutsourcing

Published By : Aanchal Garg on  02 Feb 2022 11:55:57am

Still having hiccups in outsourcing? Come lets start sailing

“Outsourcing/Co-sourcing” words that we hear so often, but still we are sceptical regarding the same. Where comes the word outsourcing, we find us sitting in a boat on the edge still in a dilemma whether to start pedalling or not. It’s just the initial hiccup of outsourcing but once we begun sailing; we go on to reap its benefits, by diligently setting up a mechanism to govern the operations and make it work efficiently. So here we go…

Year 2020 has been one of the most unexpected year in the near past; full of challenges that popped up all across the globe. The entire world is figuring out how to overcome the challenges posed by the ongoing pandemic. COVID-19 has impacted each and every industry in some or the other way. All businesses are trying to revise their operational costs in order to subside the effects of pandemic and are continuously striving to attain financial stability. This is where the outsourcing comes in.

Foresighted companies already battened down the hatches and have been taking significant benefits by outsourcing services for quite some time now. This is particularly relevant for small to medium-size enterprises, who have limited resources (funds/space) for in-house departments like accounts, finance and payroll. Outsourcing is a business practice in which services or job functions are farmed out to a third party. Through outsourcing, businesses can create a pool of additional funds, cutting down its overhead costs incurred from non-core activities, further generating possibilities for growth. Outsourcing helps businesses to eliminate the need of hiring/training new staff for HR, accountancy or admin etc. By Outsourcing, companies can instantly scale their workforce without incurring any additional costs of hiring/training new full-time employees giving them ample of time to concentrate on their core activities and business development. Also, use of contracted workforce not only improves the morale of the existing employees but promotes creativity and enhance their overall value to the company. Further outsourcing of certain operational functions allows access to the latest technology as well as best-practice in certain activities. Thus creates a win-win situation. Just the way the wind and the waves are always on the side of ablest navigator. Its rightly said by David Sedaris “You haven’t lived until you’ve sailed..” 

#happyoutsourcing

Published By : Manpreet kaur on  02 Feb 2022 11:55:57am