Number of companies globally are increasing to outsource their work. The leading countries to which work is being outsourced is India, followed by China, Malaysia and Thailand. These are currently the top nations for outsourcing work, whereas, nations like Brazil, Indonesia, Bulgaria and Philippines are also coming up strong in this sector.
A few different sectors in outsourcing are BPO’s, KPO’s, Data entry, IT sector, Health sector outsourcing and Financial sector outsourcing.
What we really want to talk about here is, Outsourcing with Consulting and Implementation. This refers to outsourcing of work by a company, by consulting it with an outside party. This brings in the importance of an Recruitment Process Outsourcing (RPO). When a third party takes the responsibility to recruit or hire resources for a business it is known as RPO.
A third party can be vested with all the hiring responsibilities for a business or only some of it. While outsourcing, the third party becomes directly responsible for the outcome of the recruitments done by them. The advantages for a business or a company while outsourcing with consulting is that, they are relieved from the headaches in identifying the right resources and can also be assured that they are hiring professionals for recruiting the right people for them. ..Read full blog here- Recruitment Process Outsourcing Explained
John has been working in the HR industry for the last 20 years and has worked with various small to mid-size corporations in the US. For the last 6 months, John has been mulling over an idea for a software development product. He has been searching for the available products in the industry and found nothing that satisfies him. He can clearly see a gap and an opportunity for a great product. John discussed this idea with a friend Harry and he also seems to be very positive about it. John has no idea where to get this product developed or how to get it developed and what it will take. Harry has been working in a company which has outsourced a project and suggests John to try outsourcing the development of his idea. John likes it very much and started his search for the right company to develop his idea.
Outsourcing the development
of a software product can be a great idea and it can yield excellent results in a very cost effective way. But the first step to get product development through outsourcing services is the key to success. This first step is consulting and finding the right partners for that. A great consulting partner can help you in many ways.
- Market research – When you thought about the idea, you must have done a preliminary market research. But a professional consulting partner can help you with a thorough research for your idea. He can help with competitor analysis, gap analysis, product positioning, target demographics and give you a clear picture of how useful your product can be.
- Converting an idea to a business case – Once you are convinced that your idea has the space and potential to fit in and do well, the next step is to give your idea a shape. The consultant can help, put your idea on pen and paper. This gives a concrete shape to your idea. When it is written, the idea converts to a business case…Read more about- Consulting – First step to Outsourced Product Development
By outsourcing an app development project you no longer need to keep a dedicated team of your own, which is a strong cost-linked factor. The best part is, you will be rest assured that the app development task is being carried out by experts who have years of experience and passion for app development. It’s certainly a big sigh of relief as it takes all your worries related to efficiency, timely delivery, quality, etc at the cost of divided attention and distractions from your core business.
Imagine a likely situation whereby a new technology makes it way to app development. Now, if you have created and deployed your own team, you would be required to arrange a trainer to help your team learn the new technology. This is a loss for you in terms of both time and money. However, outsourcing your app development project prevents all such losses and troubles, and you remain rest assured about the progress and quality of the project.
Advantages of outsourcing app development project are as follows:
In today’s globalized business environment, outsourcing is the order of the day. It is very difficult to think of a business that outsources its end to end requirements. One of the most respected and used model is ‘fixed cost outsourcing’. In this model, the project is executed within a fixed timeframe and within a pre-negotiated price. Both the parties carry out a detailed project study before the budget and the deadline are set. Both the clients and service providers prefer this model due to the transparency involved. There is very little room for renegotiation in this model.
Once you plan to outsource your project to an offshore development center, you will be offered a quote along with a project completion date. This will take into account the amount of work your project requires, its complexity and your urgency regarding delivery. You can sign the document once happy with the cost and delivery of your custom development project. It is always good to ask quotes from multiple firms before zeroing in on one as you are likely to get the best deal.
India has emerged as the global hub for outsourcing. No matter whether it is software, websites or mobile apps you can get it all developed in India cost effectively.know more about-Advantages of Fixed Cost Outsourcing Model