Outsourcing statistics - what numbers will tell you

If you still don't know much about the many benefits of outsourcing, then you are already behind. In recent years, outsourcing has shifted from a hot trend to a commercial standard. Outsourcing statistics will tell you that the number of companies adopting this strategy is increasing every year, and that this practice has now spread to industries that traditionally do not know about outsourcing. Now, even entrepreneurs and small business entities are taking advantage of the many benefits of leasing offshore companies and individuals.

When this concept was first introduced in the 1970s [although some experts believe that the history of outsourcing can be traced back], only manufacturing companies outsource some or all of their job functions to other companies. As it is now, the biggest reason for outsourcing is to save money. To expand and realize the cost impact of recruiting new employees and creating new departments, companies simply want to outsource their trivial but still important requirements to external parties. As a result, companies are still able to pursue their growth aspirations while cutting costs.

After the globalization of the sunset and the invention of the Internet and other communication technologies, a large number of highly skilled but reasonably priced laborers in the East and other developing countries have been accepted by Western companies. Countries like the Philippines and India are just two Asian countries that have turned to cheap and high-quality jobs in developed countries. As of 2005, outsourcing statistics show that the industry has reached the $10 billion mark. Since then, it has grown exponentially, and interestingly, even in the face of the economic downturn that the US and other major economies are experiencing, it will not slow down.

Here are some of the more interesting outsourcing statistics and facts:

. Information technology is still the most outsourced type of work, accounting for almost 30% of the industry. Human resources and sales are close behind.

. The most popular sources of labor are the Philippines, India and China. The company favors these three countries because they have a stable communication infrastructure and are skilled and well-trained in English written and spoken fluent.

. It is estimated that more than 4 million jobs have been transferred from Western countries to developing countries due to outsourcing. This number is expected to increase exponentially in the coming years.

. The economic development of India and other developing countries is largely due to their ability to provide cheap and reliable labor.

I hope that these facts and statistics on outsourcing will give you an idea of ​​how big the concept is and what it can do for your business. Your hesitation in outsourcing may affect your company's chances of competing and growing in this competitive business environment. Therefore, you must seriously consider outsourcing to expand your business and make it globally competitive.

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