One obvious advantage of outsourcing is saving money. In fact, 59% of businesses say that reducing operational costs is the main reason they outsource (Deloitte Global Outsourcing Survey, 2020). This is because labor costs are lower in some countries (like the Philippines), leading to big savings.
Outsourcing provides companies with access to world-class talent and specialized skills that may not be available in-house or even locally. This high standard of service enhances overall efficiency and productivity because outsourcing firms employ and train industry experts in their respective fields. Having access to specialized talents also leads to the development of new ideas, helping customers to stay competitive and up-to-date. In a survey conducted by Deloitte, 81% of executives use third-party vendors for their cybersecurity skills (Deloitte Global Outsourcing Survey, 2020).
Are you a small business owner tired of doing routine tasks? Outsourcing non-core functions (such as administrative) can redirect your focus on more important aspects of your business. It also helps you delegate mundane or repetitive tasks, freeing up valuable time.
Outsourcing gives you the scalability to upscale and downscale, allowing you to quickly adapt to new opportunities and unexpected market changes. About 60% of companies say outsourcing helps them scale operations quickly in response to market demands (Deloitte Global Outsourcing Survey, 2020). In addition, outsourcing firms have the flexibility to tailor their services to address unique business needs and timelines. Either way, you can count on consistent, reliable support from your service provider.
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