As the economic downturn lingers, every business must look for a way to cut cost significantly in order to continue in business. It is important to say that the global market changes constantly and grows non-stop; boosting productivity is now a constant effort for most businesses.
Businesses are also searching for every opportunity to keep cost low and at the same time maintain top quality. As a result, both small and big businesses are increasingly embracing BPO – Business Process Outsourcing, which is a great way to stay at the cutting edge in the business world.
The Non-core Tasks are Time Consuming
Let’s call a spade a spade; the non core, yet vital processes of your business will consume most part of your time and it really does not make sense to hire and incur massive sum on workers that will take care of these tasks – seriously, these employees are only doing minimal tasks! By outsourcing these tasks to an offshore firm, you are sure of getting quality, fast and productive service.
Pay Less for More Qualified Outsourced Employees
Outsourced employees working at BPO centers are highly qualified, well trained and know how to employ the most advanced telecommunication technologies and gadgets. Offshore BPO firms are often found countries with lower average sized incomes such as the Philippines. Other countries are India, Czech Republic, Brazil, China and Russia. The reality is, the Philippines is a country where a large percentage of the citizens understand the American culture – language is simply not a barrier compared to many other countries where English isn’t even a lingua franca.
Your offshore BPO partner will offer cost cutting possibilities and you only have to spend little for the initial and even subsequent investment. For businesses that are seeking to achieve lower costs (most business want to); the help of an offshore business process outsourcing partner is one way to achieve their goals.
The most common instances of offshore BPO include:
- Real estate
- Product launch and campaign
- Medical billing and coding
- Data entry
- E-commerce etc
Businesses that Choose to leverage of business process outsourcing can indeed give their competition a good run for their money, since they can now concentrate on their bottom line instead of spending valuable time on tasks that will not bring in any income, but cannot be left undone.
The best part is that you can monitor your outsourced employee when you go through a reputable offshore outsourcing vendor, regardless of what part of the world you are. And, paying for service you did not maximize (as with traditional employees) is eliminated.
Daven Michaels is a New York Times Best Selling Author and CEO of premiere global outsourcing company, 123Employee. The company employs hundreds of young bright individuals on three continents. His International event, Beyond Marketing Live! inspires entrepreneurs build & grow their business with revolutionary new theories and systems allowing them to design the business and personal lifestyle of their dreams.