At the present scenario it became a strategic necessity for organizations to reduce overhead expenses. Many companies prefer it as a prospect to create a base in a foreign land, where they wish to expand their operations, and the outsourcing arrangement as a means of testing the grounds.
Out sourcing is all about Quality:
Many of us think out sourcing is all about reducing overhead costs but out sourcing has it’s own prominence in improving quality of service or product. Outsourcers will realize the quality and value addition only after the outsourcing begins. Outsourcing leads to immense time savings, while maintaining productivity and Quality. As per NASSCOM, ‘India’s great attraction as the outsourcing destination is its unbeatable value proposition and the PQR (Productivity, Quality and Rate) factor.
Along with India’s strengths some key factors are strengthening the Indian ITES-BPO growth engine. India became a preferable country for outsourcing activities because of its active government support and stable political climate. According to an analysis of cyber laws, ‘India is the 12th nation in the world that has cyber legislation apart from countries like the US, Singapore, France, Malaysia and Japan.’
India, the best choice for “Out Sourcing”:
According to the National Association of Software & Service Companies (NASSCOM), almost half the Fortune 500 companies are using Indian software services. India is experiencing its growth in number of outsourcing firms. A World Bank-funded study confirmed that vendors rated India as their number one choice for offshore outsourcing.
The future of offshore outsourcing looks bright and it will only grow with time. Even small businesses are using offshore outsourcing to make themselves more competitive, especially in markets which are currently dominated by large corporations. According to a study, more than 1.3 million additional Western jobs will vanish by 2015 due to the accelerated movement of work to India and other offshore locations.
Benefits of outsource to India:
1. A pool of computer-literate and English-speaking professionals
2. The largest number of annually-graduating students compared to any other country
3. Experts in Information Technology
4. Cost factor
5. World class quality standards.
6. ISO and SEI CMM Work practices
7. Difference in time zone for flexibility in working hours
8. Advanced communications facilities and connectivity with global clients
9. Favorable political environment