Why You Should Disregard These Six Outsourcing Myths?
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Global outsourcing is a two-decade-old phenomenon, and now it is a $300 billion market. Despite, there are lots of myths prevail around the whole process. These are the most prevalent myths.
It is just for big business
Core work outsourcing is not advisable
It results in job loss
Time-zone differences create problems
You lose project control
Managing remote workers can be challenging
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It Is Just For Big Businesses
May people may think that way. It is because they always read about million-dollar outsourcing contracts. So, they have the perception that outsourcing is not suitable for smaller and individual businesses.
However, the fact remains that outsourcing is beneficial for any business irrespective of their size. Even smaller companies can equally reap benefits.
It is possible to outsource a single job or you can even hire remote part-time resources. Sounds unbelievable!
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Outsourcing Businesses Models
A new outsourcing business models have emerged keeping in mind the requirements of startups and smaller businesses. A dedicated remote offshore employee is the best example. It is suitable because of the following reasons.
Saves overhead costs such as office infrastructure, insurance, healthcare
It is borne out by a vendor
You can focus more on work
Feel big while remaining small
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Core Work Outsourcing Is Not Advisable
It is perfectly possible to outsource the core work. In fact, many startups prefer to keep an offshore development team
If you have prior experience of outsourcing work, you can outsource your complex tasks as well
It all depends on your comfort
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It Results In Job Loss It is the biggest lie about outsourcing spread by the anti-
outsourcing lobby
There is no proof that it reduces jobs for natives
According to Forrester, a leading business research firm, outsourced work has been just 0.71 percent of total jobs available in USA
• On the contrary, cost-efficiency helps organizations to remain sustainable
A survey conducted Line Economics proved that 34 percent outsourcing is done because of the unavailability of resources
Another research conducted by Economist W. Klein established that benefits of outsourcing far outweigh the cost
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Time Zone Differences Create Problems
On the contrary, it is an opportunity
Since, outsourcing stretches your working hours
When your San Francisco office is closed, your Bangalore office is bustling
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You Lose Project Control
Many businesses improperly assume that they lose control by outsourcing
Your service provider merely supports your strategy, he cannot take a final decision in many areas
New models such as remote dedicated model provide 100 percent project control
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Managing Remote Workers Can Be Challenging
It is not true as they are managed by an offshore service provider
Your remote resource work in a professional office environment
Their work is properly monitored
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