Globalization has flattened the world. You already have noticed that. But, do you know what an essential business strategy is for the companies?
All the big shot organizations are outsourcing their services to reputed third-party companies.
It’s straightforward. You can’t stay competitive when you try to do all the operations yourself.
Many countries have been the destination to outsource the services. Still, the majority of the top gun companies choose India to outsource their work.
Why is that?
Let’s find out the reasons.
What is outsourcing?
It is a business practice that every company implements nowadays. They hire an external service provider company to get their job done.
That third-party company handles all the non-core business operations. The delegator company works as a partner and takes responsibility to provide the work on time.
What are the reasons for outsourcing?
- It increases the quality of work.
- Companies can reduce their overall expenses.
- The third-party companies provide a dedicated team of experienced professionals.
- When the experts perform a task, you will get the best work.
- You don’t have to worry about finishing the task within the deadline.
- The owner can focus on the core activities when the efficient virtual employees do the non-core tasks.
What are the best countries to outsource services?
The business sages have done a lot of researches and analysis on this topic. Firstly, it depends upon the company that is outsourcing its services.
Suppose, according to country B, country A has a good people score. People score means the people’s skills as per language diversity, education, ethics, and the sector of information technology.
Now, companies located in Country B will consider country A to outsource. Isn’t it?
Along with that, the political and economic environment of the country also matters. None wants to do business with someone whose government doesn’t provide a stable and favorable political environment.
We also have to consider the cultural exposure and the infrastructure of the country before outsourcing. Here is the list of the best ten countries to outsource your business based on all those things.
- India
- China
- Malaysia
- Thailand
- Brazil
- Indonesia
- Bulgaria
- Philippines
- Chile
- Japan
Why is India the best country for outsourcing?
All the business tycoons around the world consider India the most suitable country to outsource their business. There are a few reasons. Firstly, the government is full of honest, efficient, intelligent, and hard-working people.
India has the second-highest population in the world. It means you are getting a lot of options of efficient but affordable virtual assistants.
The government of the country secures a considerable fund for education. So, the citizens are well educated and skilled. Besides, English is the official language of India. Almost every Indian is good at speaking English. You don’t have to face any communication problems while outsourcing to India.
5 Advantages of outsourcing to India:
World-famous companies like Vodafone, IBM, Telstra, BestBuy, etc., send their back-office jobs to India. According to Hexagon consultation, the outsourcing business in India stands at nearly $US 118 billion.
It clearly shows that India is dominating the
1. Get more, spend less
More or less, all companies are under constant pressure to stand out in the market full of competitors. It would help if you produced a vast volume of work to gain expected profit. It becomes hard to time when you are trying to fulfill this requirement with your in-house employees.
If you belong to a first-world country, the local employees will charge you a lot. But, you can get the same efficiency and productivity when you outsource to India. And, the cost will be notably less.
Only outsourcing in India can get you massive productivity of quality work at less expense.
2. Access to a large talent pool
Having a team of qualified professionals with expertise and skillsets is a dream for every business leader. When you outsource your business to India, you get to work with highly educated people.
You might be working with employees who hold degrees from some of the finest universities in the world. You can never feel any barrier that could be created because of cultural and linguistic diversities.
The academic institutes of India always pay attention to teaching English. So, your virtual employees from India will have a good command of English. You will always have smooth communication with them.
3. Core business competencies
You will get a more extensive customer base when your business grows. Therefore, you will need some people to handle your customers and keep them happy.
Along with that, you need resources to do market research and experiment with new products. You can’t make your existing in-house employees take this extra workload.
You can delegate those non-core activities to an Indian reputed outsourcing agency. It will give you a vast amount of free time to work on the functions that expand your organization. Moreover, finding an efficient service provider is very easy in India.
4. Adaptability
Business is always unpredictable. Every company has some ups and downs. Sometimes, you have to go through slow seasons.
Business owners usually can’t avail the right amount of resources with the required expertise to handle the current workload. Indian outsourcing companies are best at running your business operations in all challenging business situations. They provide you the correct number of employees with appropriate efficiencies whenever you need them.
5. Cost-saving
European and American resources are expensive as the cost of living in those countries is high. But, the cost of living in India is low when compared to those countries.
Managing an in-house team of local employees in the US and UK will make you pay for the computers, cubicles, taxes, higher salaries, and various insurances.
The cost can be drastically decreased when you outsource your business to an Indian service provider.
The charge of an experienced developer in the US is between $50 and $90 per hour. On the other hand, you can hire a highly educated and experienced developer in India at a $15 hourly cost. You can explore more benefits here.
The bottom line
The procedure of outsourcing your business to India is effortless. As there are so many resourceful service providers, you can easily find a suitable one. All a business owner needs are to take deliberate steps to make sure that they are delegating only what they can handle.
