The concept of outsourcing services has existed in the market for over a decade now. It eventually became a common practice within many sectors to outsource services from a third party due to various reasons, such as cost savings, quality, and the lack of availability of those services locally. We see a rise in outsourcing more than ever before, which could be due to two obvious reasons: first, the success and benefits witnessed by businesses while outsourcing, and second, the rise in remote work culture.
The remote work culture opened avenues for the workforce to take on projects and assignments and accomplish them while working from the comfort of their homes. It is mutually beneficial for both parties as companies save on the cost of office spaces, hiring costs, and other expenses while employees get to perform their daily work without incurring daily travel costs and maintaining a better work-life balance.
Remote work and its growing popularity
A drastic change was witnessed during the pandemic when companies had to choose remote work as an alternative in order to continue their operations. It was a challenging time for employers and employees alike as they had entered into an unknown territory, which was remote work. Surprisingly, it turned out to be a fruitful change and led companies towards a new direction and perspective towards their daily work culture.
Working remotely not only became a successful experiment, but it also enhanced productivity, boosted sales, and saved businesses money. As a result, many business leaders are figuring out that not all jobs need to be done at the company's office. They are starting to understand the advantages of getting other companies to do these jobs. Outsourcing work to India is viewed as a rational and preferred choice by companies based in the US and UK due to the availability of a large talent pool in multiple sectors and the lower cost of labor.
Outsourcing for Small and Medium-Sized Businesses
Outsourcing has become accessible for small and medium-sized businesses because of technological advancements and better global connectivity. New businesses are able to hire talented and experienced professionals without having to put a strain on their limited budget.
A recent survey by Clutch found that 83% of small businesses plan to either keep spending the same or spend more on services they get from other companies by outsourcing. They outsource to India all necessary functions that cannot be solely handled by the local team onboard and focus on core business tasks with the help of the in-house team. Cloud-based systems and processes have made it possible for small businesses and organizations to work with a global workforce with ease and security.
Outsourcing as a cost-effective alternative
Employers who want to get the most out of their workforce nowadays and access talented individuals globally have options beyond remote work. Outsourcing work to India provides them with a virtual workforce that is equipped with the knowledge base and technology required to match up with the competition in the market.
Additionally, it is cost-effective to hire offshore team members who can be flexible as per your work requirements and save you overhead costs that are incurred while hiring locally. According to a clutch survey, 19% of small businesses with 251-500 employees reported using outsourcing primarily to scale their business. Businesses also save costs because of the low labor costs in India. It is affordable and much lower as compared to hiring locally.
To make the process of offshore outsourcing to India easier and more effective, staffing agencies have stepped into the market. Staffing agencies essentially assist international firms in hiring from the best resources available in their specific fields. They ensure that companies do not feel overwhelmed with the choices and options available to them in India. Staffing companies have a list of pre-examined candidates who are skilled and hold the required qualifications for the job. They have a database of remote workers with them who can be a potential fit for your job requirements. Staffing agencies offer onboarding support, cultural integration, credibility, and assurance to hiring firms.
Organizations outsourcing to India are rising due to the rising remote work culture because remote work setups and virtual office spaces are well established in the country post pandemic. They have delivered work successfully to clients based offshore. The outsourcing agencies have equipped themselves with the latest software and technology, along with strong connectivity networks, which allow them to successfully collaborate with international companies and deliver projects in a timely and efficient manner. The workforce in India is adaptable to changing circumstances, which gives them the right to outsource jobs as well. They are diligent, dedicated, and possess knowledge and experience in their respective fields.