Can slow growth boost Outsourcing?
It is no secret that more and more companies are moving their
projects outside of the company walls by using outsourcing and
freelance services to complete the projects. This move has made
it possible for companies the world over to remain profitable in
the face of economic downturns. This speaks directly to the
benefits to be had when outsourcing projects to freelance
professionals from all over the world. So many people are
skilled in certain areas that they hardly ever use, mostly
because they took a job in the world that was outside of their
qualifications in order to survive in the failing economy that
is plaguing the world. This is not uncommon. Those with degrees
in electronics and their inner-workings are especially prone to
this because of the cut throat market that reigns. Upon
graduating, these people will most often take a job that has
little to do with the education they have received. This is a
huge waste of resources as many companies will not hire such
persons because they have little or no skills in the real world.
Barring a complete and total makeover of the way that companies
hire professionals, the only chance these people have is to take
on freelance jobs that have been outsourced by a company in need
of such services. This is becoming common place in this world as
freelancing takes a hold and makes it mark on the professional
world. Outsourcing is rapidly becoming the best way for
companies to save money in light of the downturn that the
economy has taken. Little can be gained by these companies when
they attempt to keep the projects in house. Moreover, they stand
to lose substantial amounts of money by attempting to hire and
train someone for the project when you take into consideration
all the benefits and salary that must be paid to persons that
work inside the company. Outsourcing does away with the need for
such benefits by hiring professionals from outside the company
walls to make certain that the project is completed in a timely
and efficient manner without the large costs involved in
training someone for the project.
The beauty of outsourcing lies in the simplicity of it all. The
freelance professionals that are available for outsourcing the
projects are already trained in the inner-workings of the
project. This saves the company not only time but money in the
long run. The fact remains that hiring a professional for full
time work is not productive in most cases when the project is a
one time thing that may lead to the possibility of more work but
does not guarantee as such. This means that a company may only
benefit from a person's knowledge once and never again. Then if
they have already hired such a person then they are required to
put into place a full time salary and benefits package that will
cost them more than the project is worth in the end. So in
essence the company has wasted the valuable resources they have
when it comes to a one shot project that is not guaranteed to
bring in any long term profits for the company. That is where
the outsourcing of projects comes into play. Instead of hiring a
full time employee with long term pay and benefits, the company
takes part in outsourcing by opening the bidding floor to
qualified freelance professionals who will bid for a one time
flat fee for the project.
Under the outsourcing system, freelance professionals bid and
are awarded the project based on their individual merits and the
price that they have bid for the project. If they have the
skills required then they simply complete the project in
exchange for the pay that is agreed upon. That is the only
connection that the freelance professional that is hired for
outsourcing has to the company and can make no claims to the
company for more than the agreed upon pay. This is all done in
the comfort of outside locations. This means that the person
does not have an office inside the company and is not subject to
any benefits that the other employees of the company enjoy. This
in itself has saved the company a lot of money.
When you take all the factors into consideration you see that
outsourcing is the way to go for a lot of things. Many companies
are finding that they can run with a surprisingly low number of
employees on their payroll as compared to previous years when
they use outsourcing as their main method of completing projects
especially when it comes to those things that require special
training and knowledge that is not taught in the base education
of the employees that they regularly hire. There is the
possibility that many companies will find improved profit
margins in relation to the former bottom lines that they once
thought to be too low. In the essence of good business
decisions, more and more companies are outsourcing their
projects in an effort to streamline their business with an eye
to the future.
There is much to be gained by outsourcing the projects that a
company needs completed. All over the globe there are people who
are highly skilled but not using those skills in their normal
jobs. This is a tragedy to many who know that these
professionals can be tapped to provide valuable services to the
companies all over the world that are spending millions of
dollars more than they should be to get the work done that is so
vital to the company.
Most of the knowledge that can be found in the freelance
professionals of the world that take part in outsourcing is
mandatory for the companies of today. So much is relied upon by
these companies and it is of the utmost importance that they
work to maintain a higher profit margin in an effort to boost
the world out of the recession that it currently is in to
provide the best work possible for their customers. In the end
if there are no customers than there is no business and they
need to find cheaper ways in which to maintain an airtight
business without harming that which is important to them.
Outsourcing is the only solution to the problem as more and more
companies are struggling and laying off workers in an effort to
remain profitable. They will notice a 50% decrease in costs when
outsourcing takes place on the projects that can be completed by
freelance professionals. If the economy continues on the
downward spiral than a great loss of jobs is not far off in the
horizon. This speaks directly to the need for outsourcing of the
projects that companies need to the freelance professionals of
the world who can get the job done at a fraction of the cost and
normally within a shorter amount of time than originally
conceived. To maintain this type of business most companies will
benefit in a short period of time when they outsource the
projects to those who do not operate in house.
Furthering the cause of outsourcing is of vital importance to
all those who need the work completed in a timely manner and
with the professional quality that so many can bring to the
table.