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Outsourcing, Disadvantages of outsourcing:, Advantages of outsourcing -…
Outsourcing
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Exposes you to hidden costs and charges - You may sign lengthy contractual agreements without reading the terms carefully.
Compromises Enterprise Data Security - Leakage of sensitive private data - Risk of fraud and confidentiality issues.
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Shifts time frames - Makes it difficult to meet delivery schedules and synchronize meetings due to time zone difference.
Outsourcing agencies and freelancers may be serving many clients at the same time and lose focus on your work.
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Minimizes in-house growth and development : Training opportunities for and growth of local agency and workers may become limited.
Increases efficiency - Draws on the niche skills of experts in different fields - improves performance.
Saves time - Passes time-consuming tasks on to freelancers and external agencies - Helps you get things done faster and focus more on more important tasks.
Builds talent pool - Helps you get the right resource with the right experience and technical expertise for your business.
Offers better risk management Helps you plan and mitigate potential risks by experts in their respective fields
Reduces labor cost - Paid only for a specific period - much cheaper than hiring permanent full time staff.
Operates round the clock - Time zone difference helps you run your business even when your in-house resources are sleeping.
Simplifies project management offers automated dynamic and intuitive platforms to effectively manage business frees up time for more important work.
Offers a more professionalwork environment -minimizes work relationships to simple, contractual arrangements - helps guarantee that the work is done up to par.
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Offers peace of mind - reassures you that business is being done professionally, expertly and efficiently.
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