An insight into the merits and demerits of outsourcing to India

Presently India is well-developed and offering state-of-the-art telecom, cellular networks, and ISP (Internet Service Provider), in all major cities and towns

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Published: Dec 23, 2019 12:03:01 PM IST

Updated: Dec 24, 2019 03:52:01 PM IST

Over the past decade, outsourcing has become a hot topic for getting your work done timely. It is the allocation of your business task to someone outside your business. Outsourcing in India has got well-known recognition because of the reasonable cost and exceptional yields. Other than lower cost, redistributing likewise offers timely workforce and convenient conveyances to the organizations. It certainly brings about expanded productivity and ROI.

Why Opt for India?

Presently India is well-developed and offering state-of-the-art telecom, cellular networks, and ISP (Internet Service Provider), in all major cities and towns. According to the sources, 80% of US and European outsourcing firms has ranked India as their topmost destinations for getting their work outsourced. Nearly 3.1 million graduates surge every year to the workforce. Grow Your Staff, in India, is one such platform where you can get your outsourcing work done. But before deciding to take the plunge into the outsourcing world, assure that it comes with some pitfalls also.

An Insight to the Merits & Demerits of Outsourcing your work-

Merits

Get Things Done With an Ease

One of the foremost reasons why companies these days look for outsourcing is the ease in getting their work done that too in a decided timeframe. The outsourcers likewise have the explicit gear and specialized skill, the vast majority of the superiors to the ones at the outsourcing associations. Successfully the undertakings can be finished quicker and with better quality results.

Cost Advantage

It eradicates the need for hiring the in house staff and lessons the burden of their fixed salaries. It reduces the cost to a greater extent and saves the efforts and time for training the new employees.

Reduced Investment Requirements

Outsourcing will help you save your extra spending on buying the up-to-date infrastructure, technology, gadgets and this will let you give the complete work to the outsourcing team without investing unnecessary on buying the things.

Demerits

Ethical Problems

The major ethical issue is accepting ceaselessly business open doors from one's own nation. Rather than making work and riches in the starting point nation it is outsourced to another nation. This has been witnessed by a vast number of individuals as exploitative and even unethical.

Hidden Cost

No doubt outsourcing is a cost-effective way of getting the work done on time but many times there are some hidden costs are mentioned in the contracts across international boundaries and this may pose a serious threat to the person who is hiring the outsourcer. At Grow Your Staff, all the deals are done in a transparent way while signing the contracts.

Confidential Issues

Security is the utmost thing, and every company tries its best to keep the things confidential. But while outsourcing the company’s inside details are shared with the third party and this raises the question on the security issues as any vital information can be leaked, causing a major threat to the company in the worst case.

Conclusion-

According to Grow Your Staff, an India based outsourcing company believes that the business dynamics are changing rapidly and before hiring any outsourcing company you should examine all the pros and cons so as that benefit can overweight the risks. Don’t forget, if your organization has a good taste to outsourcing which is far a lot of pocket-accommodating with promising outcomes, you are most likely set out toward a superior involvement with your business set-up.

The Author is Balli Saini Outsourcing Expert

Disclaimer: The views, suggestions and opinions expressed here are the sole responsibility of the experts. No Forbes India journalist was involved in the writing and production of this article.