Outsourcing in the Philippines, or any other leading offshore delivery location, is a smart move for any company. It will allow them to save on costs while still maintaining productivity – in some cases, even increasing productivity – and meeting deadlines. These and other benefits help companies gain a competitive edge over other businesses in the same or related industries.
Hate it. Dislike it. No need for it in America. Needs to be eliminated. American employers need to find a way to make to make to make to make the jobs, salaries and benefits work in America. It can be done. Big tasks, so is America.
It's a Brilliant Idea.
I am Mika Edword, working as a service associate in Cogneesol i.e. A Business Outsourcing Company. So, I have a healthy opinion about Outsourcing.
A number of US based business owners do not have enough time as well as resources to perform their all core and non core business activities, resulting errors, inefficient time management and data loss. Thus, they have to outsource their non-core activities to the business outsourcing companies like cogneesol, isw etc.
Taking an Example of Insurance Companies; The Core tasks of Underwriters in an insurance company is to deal with agents, finalizing policies etc. This is a huge work, So, To Manage all his/her tasks efficiently, The underwriter outsource their non-core
procedures starting from quotes creation, policy issuance, policy checking, loss runs, endorsements and renewals; to the Insurance Outsourcing Service Providers.
Not only non-core activities, Business Agencies are relying upon Outsourcing companies for their 99% of Data Management and Technical Support aspects.
Outsourcing is a very widespread practice in the most of developed countries, big corporations want to save their money and outsource a part of working activities to poorer countries, providing a lot of people with earning opportunities. I guess such countries like India and Ukraine are the most popular destinations for outsourcing, here is a great post on this topic https://diceus.com/software-development-companies-ukraine/ .
The term ‘outsourcing’ simply refers to contracting an outside agency or service provider for carrying out those office tasks and functions for which you either lack in-house expertise or the time and resources. The outsourcing vendor can be in the same city or even country of residence.
Typically, the decision to outsource stems from a desire for efficiency and cost-saving for the company.
In today’s global scenario, almost every organization outsources in some way. Typically, the function being outsourced is considered non-core to the business. For example, an electronics goods company might decide to outsource its customer care operations to those firms that specialize in such types of work. Many large companies now outsource jobs such as call centre services, e-mail services, and payroll.