subject: Outsourcing And Its Impacts [print this page] Outsourcing is an important cost cutting strategy. By signing contracts with service providers the company outsourcers certain operations. This helps the company to concentrate on the core business functions. In spite of reducing costs the company can achieve high professional excellence and provide quality services. Information technology Outsourcing, Business Process Outsourcing and Knowledge process Outsourcing are the most common forms of this process.
The Business Process Outsourcing involves services like business consulting, human resource services, book keeping, financial services, legal services, call centre and web designing. Knowledge Process Outsourcing includes database development services, writing and content development, intellectual property research and medical services. Certain portals are also outsourced. Designed to attract a large range of users these portals are informative and useful. IT Match Online is a popular outsourcing portal. Offering services like internet marketing, software development, writing, web development and translation this portal acts as an important service provider.
Language barriers, cultural differences and a variation in time zones do not impede outsourcing to offshore countries. To attain increased levels of productivity firms are taking resort to global outsourcing. Israel, Russia, India and China are the favored choices of global outsourcing. Capitalizing skilled labor at decreased costs proves beneficial to the clients. A bulk of employment opportunities are generated by global outsourcing.
Global outsourcing has led to a growth in freelance employment. A study reveals that firms are making a gradual shift towards recognizing freelance talent than hiring professionals traditionally. Certain portals like Elance.com, Craig List .com and Guru.com allow skilled freelancers to compete on a global platform. Buyers can seek services of local, national and global freelancers. Guru.com has witnessed a 25% growth in the number of freelancer profiles. With global outsourcing skilled workers can explore economic opportunities within a free market. New innovative features have made it easier for clients to select freelance talent over the net. Advanced searches are useful to the vendors. Facilities to place quotes help the providers and the buyers. Spaces for reviews and authentic ratings provided by some portals like Freelancer.com confirm the credibility of the professional. This positive impact of Global Outsourcing on Freelance Employment will lead to a favorable growth of freelance work economy.
