Ask questions which are clear, concise and easy to understand.
Ask QuestionPosted by Vartika Banerjee 5 years, 9 months ago
- 0 answers
Posted by Dashrath Arnold 5 years, 9 months ago
- 0 answers
Posted by Rajita Bhujel 5 years, 9 months ago
- 0 answers
Posted by Pushpa Devi 5 years, 9 months ago
- 1 answers
Loves Sweets 5 years, 9 months ago
Posted by Manish Agarwall 5 years, 9 months ago
- 1 answers
Neha Rose 5 years, 9 months ago
Posted by Lokesh Chandel 5 years, 9 months ago
- 1 answers
Neha Rose 5 years, 9 months ago
Posted by Laxmi Jha 5 years, 9 months ago
- 0 answers
Posted by Laxmi Jha 5 years, 9 months ago
- 2 answers
Posted by Laxmi Jha 5 years, 9 months ago
- 0 answers
Posted by Laxmi Jha 5 years, 9 months ago
- 1 answers
Himani . 5 years, 9 months ago
Posted by Nyima Choedon 5 years, 9 months ago
- 2 answers
Navya Rutia 5 years, 8 months ago
Posted by Badbeast Boyz 5 years, 9 months ago
- 1 answers
Yu Gjkgh 5 years, 9 months ago
Posted by Badbeast Boyz 4 years, 7 months ago
- 1 answers
Navya Rutia 5 years, 8 months ago
Posted by 7837749229 Arman 5 years, 9 months ago
- 4 answers
Posted by Harshit Sharma 5 years, 9 months ago
- 0 answers
Posted by Sakshi Kumari 5 years, 9 months ago
- 1 answers
Anamika Pandey 5 years, 9 months ago
Posted by Taku Neyi 4 years, 7 months ago
- 1 answers
Posted by Abhishek Bansal 5 years, 9 months ago
- 1 answers
Yu Gjkgh 5 years, 9 months ago
Posted by Laxmi Jha 5 years, 9 months ago
- 1 answers
Nitin Nainani 5 years, 9 months ago
Posted by Laxmi Jha 5 years, 9 months ago
- 1 answers
Posted by Laxmi Jha 5 years, 9 months ago
- 1 answers
Nitin Nainani 5 years, 9 months ago
Posted by Laxmi Jha 5 years, 9 months ago
- 2 answers
Posted by Laxmi Jha 5 years, 9 months ago
- 1 answers
Posted by Nanung Taggu 5 years, 9 months ago
- 0 answers
Posted by Aadith Aadi 5 years, 9 months ago
- 0 answers
Posted by Tannu Lathar 5 years, 9 months ago
- 1 answers
Yogita Ingle 5 years, 9 months ago
Outsourcing is the process of contracting a business function or any specific business activity to specialized agencies. Mostly, the non-core areas such as sanitation, security, household, pantry, etc are outsourced by the company. The company makes a formal agreement with the agency.
The agency then sends the manpower required to the company. The agency charges the company for their services and in turn pays wages to their employees. Global competition has given rise to outsourcing. With the help of outsourcing, companies can focus on their core areas which leads to better profits and increase the quality of their product.
Advantages of Outsourcing
- Overall Cost Advantage: It eludes the need to hire individuals in‐house; hence recruitment and operational costs can be minimized to a great extent. It reduces the cost and also saves time and efforting on training cost.
- Stimulates Entrepreneurship, Employment, and Exports: Outsourcing stimulates Entrepreneurship, Employment, and Exports in the country from where outsourcing is done. Look at the example of India. After the initial success of call centres, there was a sudden emergence of many small scales and medium scale BPo and KPO companies.
- Low Manpower Cost: The manpower cost is much lower than that of the host country. This is exactly the case with India. We have a very large educated workforce. And this causes the labour cost in our country to be much lower.
- Access to Professional, Expert and High‐quality Services: Mostly, the tasks are given to people who are skilled in that particular field. This provides us with a better level of service and fewer chances of errors or misjudgment.
Disadvantages of Outsourcing
- Lack of Customer Focus: An outsourced vendor may be catering to the needs of multiple organizations at a time. In such situations, vendors may lack complete focus on an individual organization’s tasks. And the reputation of the organization may suffer as a result
- A Threat to Security and Confidentiality: The inside news of the organization may be leaked to the third party, so there are security issues. The leak of sensitive information may result in losses to the company and also be an advantage to competitors.
- Dissatisfactory Services: Some of the common problem areas with outsourcing include stretched delivery time and sub‐standard quality.
Posted by Tanaya Mandal 5 years, 9 months ago
- 3 answers
Neha Rose 5 years, 9 months ago
Posted by Kunika Dutt 5 years, 9 months ago
- 1 answers
Alok Parth 5 years, 9 months ago
myCBSEguide
Trusted by 1 Crore+ Students
Test Generator
Create papers online. It's FREE.
CUET Mock Tests
75,000+ questions to practice only on myCBSEguide app
