When I hear the word "outsourcing" the first thing that pops into my head is Call Centers. But there is more to outsourcing than just call centers. The basic definition of outsourcing is an act of one company contracting with another company to provide services that might otherwise be performed by in-house employees. Often the tasks that are outsourced could be performed by the company itself, but in many cases there are financial advantages that come from outsourcing.
Some business take it a step further in outsourcing where they outsource all their work to vendors from other countries. Doing so saves more money as they end paying up comparative less wage as they would have in their home country. There are some drawbacks to outsourcing as well. The major criteria is that most vendors may not understand English and communication becomes difficult which may lead to bigger problems.
The other known disadvantages is that it often eliminates direct communication between a company and its clients. This may prevent a company from building strong relationships with their customers and often leads to dissatisfaction. There is also the danger of not being able to control some aspects of the company, as outsourcing may lead to delayed communications and project implementation. Any sensitive information is more vulnerable, and a company may become very dependent upon its outsource providers, which could lead to problems should the outsource provider back out on their contract suddenly.
This is just my point of view on outsourcing. But i am still not 100% sure whether OUTSOURCING should be considered as "Blessing" or "Curse" to India, though it has given a lot of job opportunities but at the same time I have seen people giving up studies because some vendors have a Job Requirement of just 12th pass and are willing to pay handsomely.
Some business take it a step further in outsourcing where they outsource all their work to vendors from other countries. Doing so saves more money as they end paying up comparative less wage as they would have in their home country. There are some drawbacks to outsourcing as well. The major criteria is that most vendors may not understand English and communication becomes difficult which may lead to bigger problems.
The other known disadvantages is that it often eliminates direct communication between a company and its clients. This may prevent a company from building strong relationships with their customers and often leads to dissatisfaction. There is also the danger of not being able to control some aspects of the company, as outsourcing may lead to delayed communications and project implementation. Any sensitive information is more vulnerable, and a company may become very dependent upon its outsource providers, which could lead to problems should the outsource provider back out on their contract suddenly.
This is just my point of view on outsourcing. But i am still not 100% sure whether OUTSOURCING should be considered as "Blessing" or "Curse" to India, though it has given a lot of job opportunities but at the same time I have seen people giving up studies because some vendors have a Job Requirement of just 12th pass and are willing to pay handsomely.
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