Countries like India have a huge resource of young skilled manpower and with the cost of living being lower when compared to countries like Canada, Australia, UK, and USA the overall cost of such skilled manpower remains much lower.
Due to this, outsourcing companies can afford to offer services at much reduced cost compared to getting it done from local resources.
Core Activities Focused on Increasing Your Efficiency
Since the day-to-day tasks take a lot of time to from human resources locally; outsourcing allows you to focus on your core activities while day-to-day tasks are taken care of by the Outsourcing Companies.
Having stated this, it is obvious that this will increase the efficiency and productivity level of your team.
Reduce Your Capex
Through outsourcing major tasks, you will not require the same infrastructure, information technology setup and software. This will dramatically reduce your capital expenditure over a period of time, allowing you to invest your funds in your long term goals of Business Development.
At the same time you can grow in multiples as you are settled well with the outsourcing partners.
Advantages of Time Zones
Even if you hand over your work at night, you come back the next day, and your work is ready to deliver to your end clients; it seems fantastic. This is due to the time difference between the two countries. This saves you time and money in many ways.
This also reflects the efficiency of your work to your end clients. Most of the outsourcing companies work night shifts as well and try to complete work well before time, which that can be leveraged well by you.
Outsourcing Companies work for many clients and they are highly experienced and can deliver work in much less Turn Around time. Time is money which reflected through outsourcing very well.
You can cater to more clients in less time as your outsourcing company takes care of your activities.