- Outsourcing News
- Outsourcing Press-Releases
- Outsourcing Events
- Outsourcing Analytics
There are numerous connotations when we speak of outsourcing. Most often than not, it is perceived as transfer of jobs from developed countries to developing nations, where labor cost is much lower, aiming to save money. Therefore, workforce from rich countries abhors outsourcing since they tend to lose jobs.
They lobby to their government official to stop the trending because it affects their income. Maybe to their dismay since the government has started offshoring its secondary functions creating all means to cut people’s tax expenditures. It is undisputable that outsourcing appears to be a feasible way out.
The upward trending is inevitable as even emerging small business enterprises have put a great consideration of engaging into outsourcing. In fact, they are given many opportunities to cope with the demand of setting up the business.
Imagine all the energy required to set up, for instance, Information Technology department which will function as one aspect of the business, not to mention the cost of equipment and technology.
Those who loathe outsourcing should look at the different perspective. No one can deny the fact that outsourcing has greater positive impacts to the business that the harm it could deliver. And this means setting aside cost-cutting, which is one of the main contributory factor of the current trend. Losing jobs may be an opportunity to learn new things to deal with the status quo. We should understand that the success of these developing businesses means a lot of opportunities for jobseekers as well.
On the other side, many are allegedly claiming that the quality of output is substandard. It should be understood that decision making is part and parcel of outsourcing. There are multitudes of issues that are taken into considerations prior to decision making. By considering a lot of aspects, the clear view of success has been identified.
Such is what HSBC had done. HSBC had decided to do the outsourcing primarily because they need to constantly keep abreast with the technology, which is costly for the bank, and in fact, also draws away their concentration from the core financial services business. To keep the services as fast-pace as it could be, HSBC needs to be efficient. Therefore, outsourcing their IT support doesn’t only focus on cost. They wanted employ many people to accomplish things in a faster and competent manner. The end result is definitely better quality services.
Outsourcing perhaps is one of the innovations that help businesses running today amidst the threat of economic depression, and perhaps will continue to thrive to help small enterprise grow.