With companies strategizing their paths to steer fast and effortlessly through the jagged routes to success, they more than often face times where their otherwise efficient staffs engage in tasks which are unproductive but necessary and consume a lot of otherwise valuable time. Under such circumstances it is wiser to use the “outsourcing of manpower/tasks” which in simpler terms means letting another professional organization to take up the responsibility in exchange of a fixed sum which can be for the manpower oriented / task oriented responsibility that the latter company accepts.
Outsourcing can be preferred for a varied spectrum of company tasks some being crucial for company’s sustenance while some being social/corporate obligation. From skilled to the unskilled manpower, outsourcing can be a highly efficient tool to multiply the effects of strategic planning.Outsourcing can ease out the entire process of recruitment by providing with profile-specific manpower within specified time. It can help develop team spirits and can increase the pace of work. Specifically trained and skilled people form a great source of future employee prospects and come in handy when hiring for experienced and responsible profiles.
Outsourcing greatly reduces the training man-days while increasing the training man-hours which means more efficient people in less time. Outsourcing also reduces the burdens on HR dept. as many of its unproductive tasks like payroll processing, temporary staffing, background checks, statutory audits, compensation management, retirement benefits and other activities can be outsourced to another professional outsourcing organization which saves time and increases productivity. While outsourcing can add to an organization’s overall growth, it does come for a price and organization’s opting for outsourcing solutions should check for the ROI when thinking of such tools.
To understand the need of outsourcing the first thing that the concerned department has to do is to figure out the process which require a considerable amount of specific sets of knowledge, unavailable within the organisation or huge man-hours with very little productivity and high costs. Then the management should identify, screen, select and develop staffs for specific skills or look for inexpensive alternatives within the organisation and see if it can be a fitting alternative for the issue, then the selected alternative should be tested and if not found satisfactory then the next step is to consider “outsourcing”. Selection of a professionally managed outsourcing company should be done with care and a clear understanding of the latter’s proficiencies and past records, an investment vs ROI study and feasibility of entering into a contract with the latter.
Despite the economic slump this world is facing today, “outsourcing” still continues to grow owing to newer and economical alternatives that the outsourcing solution have to provide in a varied spectrum of tasks including abatement of direct expenses in unproductive tasks and higher involvement of skilled manpower in productive tasks which together generate higher profits and take the company closer to attainment of its goals. Outsourcing, if well planned and executed properly with adequate monitoring can help save the revenue of organisation and provide organizations the benefits of outside specialized expertise when needed.