Technology grows from time to time—from every year releasing of Smartphone to gradually increasing of new business ideas, both scientifically and economically. A lot of businesses are done in a strategic way, and more companies are turning to deal with their business more on the online world. Of course, some are successful, some are not. That is why for every unsuccessful business attempts there comes another way to open up a new concept. Blogging, networking, internet marketing, and the most popular business hierarchy, business process outsourcing, are just a few popular business trends nowadays.
What is outsourcing
Outsourcing refers to providing services from a company to another to reduce internal hiring processes, costs of labor and other tasks handled by internal employees. Because of its popularity and continuous success, more and more people are trying to set up a company that offers outsourcing services.
When did outsourcing started
Outsourcing started way back during the Industrial Revolution dated 1750-1900. Companies started to outsource services like engineering, insurance, architecture and distribution of products to other companies. On the 20th century, companies started to implement offshore outsourcing. Succeeding years followed, IT companies, with the use of modern technology, started to invest to business outsourcing. Human resources, accounting, payroll and other labor-related and manpower services lined up to increasingly in demand jobs opening until today.
Why companies choose Outsourcing
There are only two main reasons why companies are turning to outsourcing.
1. Modernity – We are currently in the midst of dealing any kind of technology, everything is almost accessible. Businesses try to reach out potenti
al customers as possible.
2. Lower costs – Every company desires to earn more and spend less, which is why it is a great opportunity to partner into a business like this.
Those two reasons stated above are not the only things companies considered. Resources, management, time, arrangements, profits and are also taken into consideration. Choosing whether to enter outsourcing or not takes a lot of courage to decide to, but definitely worth the courage to try to.