As the business owner, to grow your business and to stay focused, you must be thinking of outsourcing your non-core activity. You are well aware with advantages of outsourcing, but there are some facts you must be aware about outsourcing. Here three basic R of outsourcing-Reason, Risk, and reward of outsourcing. Before you outsource, give a look to all these three aspects.
The reasons why organization outsource
- With the aim to reduce operating costs to a great extent
- To stay more focused on core activity
- To expect more return on investment
- To make use of latest cutting edge technology and software
- To utilize the in house resources for other important task
- To get the leverage of talent of offshore people
- To get rid of training and other seminar expenditure
Various risk related to outsourcing
Every coin has two phase, there is no doubt deny in fact that outsourcing has its own tremendous advantages, but also some risk is there in hand over your part of project to some service provider. It is always advisable to aware of possible risk involved in outsourcing
- Communication gap can result in inefficiency in whole project.
- Risk of late delivery
- Inefficient team handling your task
- Quality issue
- Insecurity of data and confidential data
To avoid all such risk, one must make proper transparent communication, and ask for timely report and do cross check the quality of work done at each level, that will ensure the quality of product
The rewards the come with outsourcing
- Access to best latest technology
- High quality work done by experienced professional
- Highly affordable service
- One can expect 60% saving in total cost of project
- Can take the leverage of 24* 7 services
- Stay more focused on core job
- Save huge amount on organizing training and seminar for in house staff
Outsourcing has its tremendous advantages; all you need to understand your requirement, the whole sole process and grab the tremendous advantages of outsourcing to elevate your business.