By outsourcing different operational tasks of your company, you can save a lot of money and can expand your business. However, to get these benefits you should have proper knowledge of outsourcing, and should know which tasks should be outsourced. Just not that you will save money you will also get many other advantages from outsourcing.
How can you save money by outsourcing?
According to the living standard of different countries, wages vary significantly. Developed countries like USA, Australia, Japan, or Germany provide higher living standard than the least developed countries. Certainly you will have to pay more to hire workers from the developed countries. Due to the development of technologies, now a company can hire skilled people from India, Pakistan, Bangladesh and other least developed countries at a fraction of the cost that you will need to hire the same quality workers from developed countries. Most of the outsourcing tasks are originated from companies or people of developed countries.
Another reason is this – to do outsourcing jobs an internet connection and a computer are needed, sometimes some more accessories may be needed. The worker or employee can work from anywhere of the world. As the workers get facilities to do tasks from their home environment, they demand lesser cost than usual official jobs. People can do outsourcing jobs even at their leisure time. Hence, if your company is thinking to save money without reducing the work load or quality, then outsourcing can be a good solution.
When you need extra tasks to be done by your employees, you have to pay more according to the overtime rules. As for example, your company is in the USA or Japan. You will have to pay extra overtime cost to your employees if they do overtime. In such cases, if you outsource the task to a person in India or Pakistan, you can get the things done without bearing the extra cost. By taking this time-zone facility you can run your company 24 hours a day, 7 days a week.
Staffing flexibility will also allow you to save money. By outsourcing you can hire workers for a specific period; you need not to employ them for the whole year. As for example, accounting departments need more people in the tax season. You can hire some people for that season and can release them after finishing the period.
Tasks which are suitable for outsourcing:
Almost all the internet related tasks can be outsourced, such as web development, SEO research, graphic design, writing, or research. Other tasks are equipment, buildings, or grounds maintenance; manufacturing; shipping, packaging, or order fulfillment; delivery; call center or customer service; marketing and public relation etc. Outsourcing can be cost effective to these areas.