{"id":4922,"date":"2021-01-15T20:44:35","date_gmt":"2021-01-15T12:44:35","guid":{"rendered":"https:\/\/www.sixelevenbpo.com\/?p=4922"},"modified":"2021-01-15T20:44:35","modified_gmt":"2021-01-15T12:44:35","slug":"outsourcing-services","status":"publish","type":"post","link":"https:\/\/sixelevenbpo.com\/?p=4922","title":{"rendered":"Outsourcing services your company can take advantage of"},"content":{"rendered":"\n

Outsourcing definition<\/h2>\n\n\n\n

Outsourcing is the act of transferring some or most of your company\u2019s business functions to a Business Process Outsourcing (BPO) provider. A business makes an agreement with a third-party supplier to provide goods and services, which is a more convenient operations strategy than hiring in-house.<\/p>\n\n\n\n

One of the most attractive selling points of outsourcing is its cost-effectiveness. When hiring a BPO provider, companies all over the world can save up to 70 per cent on employment costs. They also wouldn\u2019t have to worry about office spaces, equipment, training costs, taxes, insurances, and other work-related miscellaneous expenses.<\/p>\n\n\n\n

In addition, outsourcing is flexible. It offers customizable solutions for businesses of all sizes. Whether you\u2019re a solopreneur, a small business owner, or a large corporation, outsourcing can offer various plans and packages to fit your business needs.<\/p>\n\n\n\n

Outsourcing can be categorized into three: offshore outsourcing, nearshoring, and domestic outsourcing. Each option has their own advantages. All of which are more clearly defined in this article.<\/a><\/p>\n\n\n\n

Reasons to outsource<\/h2>\n\n\n\n

A company\u2019s reasons to outsource depend on what their business needs in order to survive and thrive. Outsourcing can be done through various methods, and for a variety of reasons. Generally, businesses outsource parts of their processes to BPO providers to avoid the fuss of managing and supervising day-to-day operations. <\/p>\n\n\n\n

In addition to that, here are other reasons why companies continue to choose outsourcing as an effective business strategy:<\/p>\n\n\n\n

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Reasons to outsource<\/figcaption><\/figure><\/div>\n\n\n\n

Reduced employment cost<\/h3>\n\n\n\n

Firstly, companies can save up to 70% on labor costs by offshore outsourcing, and around 35% by outsourcing to nearshore BPO suppliers.<\/p>\n\n\n\n

Improved efficiency<\/h3>\n\n\n\n

BPO companies usually specialize in certain areas, like call centers, information technology, telemarketing, lead generation, or content writing. Since there\u2019s a wide pool of talent available in outsourcing destinations, they wouldn\u2019t have a hard time finding the right talent and training them to suit your business needs. In turn, this will result in increased productivity and improved efficiency.<\/p>\n\n\n\n

Focus on core business<\/h3>\n\n\n\n

Most companies focus on one or two business functions, the rest are just non-core operations. However, though \u201cnon-core,\u201d these tasks still take a lot of time, effort, and company budget.<\/p>\n\n\n\n

By outsourcing these non-core responsibilities, every team can now focus on their main obligations \u2013 those that directly contribute to the company\u2019s growth, development, and profitability. <\/p>\n\n\n\n

Outsourcing to the Philippines<\/h2>\n\n\n\n

The Philippines is one of the leading outsourcing destinations in the world. Strategic Advisory firm for Global Outsourcing and Investments Tholons ranked the country as the top sixth out of 50 Digital Nations in its Tholons Global Innovation Index 2020<\/a>. The country is also widely known as an elite outsourcing destination all around the world.<\/p>\n\n\n\n

Further, global companies choose Philippines as their preferred outsourcing location due to the following reasons:<\/p>\n\n\n\n