There is a very popular quote of Anna Quindlen which says, “When you really want to say no, say no. Because you can not do everything – or at least not well”.
This, exactly, is the core idea behind outsourcing. A team of some people can not do everything. Every person has his own strengths and weaknesses and a good product can only be released if the strengths of many people are combined well.
This is the reason that a lot of companies around the globe tend to focus on outsourcing than relying on weak resources. However, at the same time, there are many myths associated with outsourcing which makes it difficult for companies to outsource. The IT industry, however, remains one of the major players in outsourcing.
In this blog, we will look into some important global outsourcing stats and what are the reasons that companies opt for outsourcing. Moreover, to get an antithetical view, we will also demystify some popular myths associated with outsourcing.
As we have already discussed how outsourcing is getting traction, globally. Therefore, it is important to understand the reasons behind it. Because evidently there are some potential benefits associated with outsourcing, so let’s jump into it.
This is not all, but these are some very important reasons due to which companies are increasingly relying on outsourcing.
Now, let’s look into some myths associated with outsourcing.
As we have already discussed the reasons for the increasing trend of outsourcing and its global stats, now is the time to jump into some popular myths. In many cases, these myths play a crucial role in preventing businesses from outsourcing their projects.
Reality: When companies outsource tasks, they make sure that these tasks do not have any criticalities associated with them. These responsibilities neither influence the upper management of the company nor provide control over certain aspects of the project/company. Instead, these outsourced tasks are non-value added. So, it is just a myth that outsourcing compromises the control of the project.
Reality: People believe that outsourcing can only help in reducing operational costs but this is not the only feather in its cap. While it reduces the operational costs, at the same time it also allows the businesses to focus on other important and core tasks.
Reality: Another myth of outsourcing is that it is only available to big businesses. There is no doubt that most of the BPOs prefer working with larges scale businesses. But BPOs can be very helpful for strategic advising and other consultancy services to ensure the continuous growth of the company.
Reality: It is widely believed that outsourcing is unethical. Because people believe that outsourcing increases the unemployment rate and outsourced resources are also not paid well. But this is not true as the resources of the Philippines are paid exceptionally well and provide a very good culture to the workforce as well.
Reality: This myth is based on the assumption that outsourcing agencies offer only non-value-added services. However, this is not completely true because outsourcing agencies can also be hired for strategic advising, supply chain services, and so on.
Reality: It is widely believed that different time zones can possess serious challenges in cooperation and communication. But in reality, different time zones offer great help in business. Your flow of work does not stop due to varying time zones. For instance, people working in the US and the Middle East can ensure more than 16 hour service because of different time zones.
Reality: If outsourcing is contributing to the burgeoning unemployment rate, how come the unemployment rate is lower? Instead, it helps a business to expand. And when a business expands, more jobs are created at both the national and international levels.
In a nutshell, it can be concluded that outsourcing subsumes a lot of perks in it. In this article, we have thoroughly discussed a few popular myths and have debunked them. Outsourcing has become a very important aspect of tech companies. If you are looking for any services, don’t hesitate to contact us as we have exceptional resources available for your service.