The Truth About Global Outsourcing:
9 Facts That Might Surprise You
If you’ve been thinking about global outsourcing, you might be a little skeptical. If you’ve never outsourced to people around the globe before, you might have heard a lot of mixed reviews from other business people.
Outsourcing overseas can be very beneficial if it is done in the right way. Don’t let yourself get stuck in a rut, afraid to make changes because you don’t have the information that you need. Continue reading this article and learn about little-known facts that might help you make your decision.
The 411 on Global Outsourcing:
Global outsourcing is when you outsource to people anywhere on the globe. You don’t hire based on location but instead, you hire based on people and companies that match your needs.
You could hire people that take care of back office outsourcing, web content, IT management and many other tasks. Use the following information to get more of an idea of how global outsourcing might work for your business.
- It’s Becoming the Norm
In 2018, the global outsourcing market amounted to 85.6 billion U.S. dollars. If you’re nervous about outsourcing to people in various places, know that this is becoming the new normal. While many companies still have in-house teams, most people also have teams dispersed throughout the U.S. and around the globe.
- Satisfaction Is High
78% of the business owners across the globe are satisfied with their outsourcing partner. Many people think that since their team will be out of the office and far away from supervision that they won’t do as good of work. While some people won’t do as good of work when unsupervised, there are others that are going to thrive and do better than anyone under your watchful eye.
- Outsourcing Can Save Money
If you outsource in an efficient manner, it can help you save money on labor costs. 59% of companies that outsource note that reducing costs is the reason they outsource.
- Organizations Plan to Increase Outsourcing
If you want to secure your talent, now is a great time. 37% of organizations say they plan on increasing the amount of work they outsource when it comes to application development alone.
It’s better to start securing your remote talent now when there is still a considerably large availability of high-quality talent throughout the world.
- India Is the Most Valued Global Talent Pool
India is the number one country for outsourcing when it comes to affordability, availability, personal skills and the ability to get the job done. There are plenty of other countries that are also highly-attractive when it comes to bringing on new talent to your team of outsourced talent.
Some of the other popular countries for outsourcing are China, Malaysia, Indonesia, Brazil, Vietnam, the Philippines, Thailand, Chile, and Colombia.
- Mobile Application Development Is the Most Popular Outsourcing Service
Creating your own application can be a stressful and near impossible task which is why mobile application development is the most popular outsourcing service. While everyone could choose to go to a website and access the information for a given company, people love apps and the people that know how to build them are easy to access through global outsourcing.
- Outsourcing Gives You an Advantage
While outsourcing to get a better price is one of the reasons to get started, you should also think about how outsourcing can give your company the advantage. When you outsource to a company that can do a task for you, you don’t have to hire everyone on the team and do interviews for days. It’s like you have an instant new team that is already trained and ready to go.
Outsourcing can allow your team to be nimble while others are still clunking away trying to get things done. At least 84% of have at least talked about disruptive outsourcing.
- 43% of UK Corporations Outsource Email Marketing
Email marketing brings in a high ROI, so why would a corporation outsource such an important task? Simply put? Because allowing a company that knows exactly what they are doing with email marketing strategies can greatly increase your ROI.
Besides an increased ROI, if you aren’t used to email marketing, it can take up a large chunk of time. Allowing someone that knows what they are doing to take over this task will allow you and your team to focus on the things that you are good at in your business.
- Organizations Using Third-Party Vendors for Security
In 2017, most organizations were using third-party vendors for 20% of their security. Many companies don’t want to risk their most important assets by caring for them with an unknowledgeable and unskilled team. Handing off the reigns to professionals that know how to deal with attacks and how to keep their information secure sounds like a good idea.
Now that you know these facts, you’ve likely got a few ideas about how you can use global outsourcing. With global outsourcing, your business has no limitations. You can hire who you want no matter where they are from which means you have access to limitless talent that can help you grow your business.