Today, outsourcing has evolved into a behemoth of an industry across the globe. After it’s widespread popularity followed by a string of successes, many now wonder if businesses should still aim towards outsourcing their business.
New developments and technological innovations such as automation, robotics, and even talk of artificial intelligence (AI), has long since threaten the need for outsourcing today.
Ultimately these fears at this point in time still dwarf from the benefits businesses can reap from the very idea of outsourcing. Below are five foundational advantages that makes outsourcing a primary tool and a necessary step to an business organization’s process.
1. Focus on core activities
For most startups and growing SME’s there is only so much hours a day to handle various tasks. Outsourcing allows business owners and key people to relinquish various hats and delegate tasks so they can dedicate themselves to pressing, sensitive, and essential core duties.
2. Cost and efficiency savings
Outsourcing to countries such as the Philippines can greatly cut costs due to the country’s rates allowing businesses to pay a fraction of what they would pay regular contractors or employees. Being able to outsource also eliminates the need for additional staffing expenditures such as recruitment, training, and maintaining tools of the trade and other infrastructure.
3. Access to resources
Business owners no longer need to invest on the latest resources and technological innovations for the mundane and day-to-day tasks that they can outsource. Reduced overhead is a result of being able to delegate the stress usually allotted in ramping up or scaling your workforce for improved productivity. Outsourcing enables businesses to streamline their budget to a complete all-in service package.
4. High-quality leaders and team
Because of the economic climate in the Philippines, outsourcing companies are able to hire well-educated and highly experienced employees at a fraction of the cost in the US or Canada. These employees are highly competent in various verticals as most have experience in health, finance, technology, and other relevant disciplines. Add to that excellent English communications skills in which Filipinos are well-known for due to their colonial history and good educational system.
5. Scalability and flexibility
With dedicated teams to handle sourcing, recruitment and training, outsourcing companies are well-equipped and highly invested in taking on ramping up your workforce in a considerably short time. This added with the ability to be flexible in terms of outsourcing options creates a great opportunity for businesses to take on bigger projects which in turn can increase their profitability. Being able to leverage on BPO’s to scale up can be very useful in landing high demand and high paying projects and contracts.
Outsourcing makes business sense even up to today. It’s a testament of how the world has fully globalized connecting more people from across the world. The Philippines has been one of the best countries to outsource because of its people, values, and economic situation.
Learn more and avail the right kind of outsourcing through Six Eleven Global Services. Click this link to connect with a trusty outsourcing consultant today.