Outsourcing is a new age business idea that every company is indulging in. But before outsourcing to just about any country or any company, it would be advisable to keep a few crucial pointers in mind, to ensure your outsourcing experience becomes a pleasurable and profitable one.
From a concept that was rarely heard or even understood, outsourcing has firmly established it self as a business necessity. Almost every organization would have outsourced at least once or is planning to outsource some of its requirements to offshore destinations.
Since 2000, the Information Technology Association of America (ITAA) estimates that 104,000 technology jobs have been outsourced. In the same span of time, in an estimate by Goldman Sachs, American firms have outsourced 400,000 service jobs. Further more, a whopping forty percent of Fortune 1000 companies have jumped unto the offshore outsourcing bandwagon.
From lowered costs to accessing exceedingly skilled labor, one will find no dearth in the number of boons offered by offshore outsourcing. But before plunging headlong into the process of outsourcing, it is deemed necessary that certain guidelines be followed before you initiate collaborations with any company offering outsourcing solutions. If you begin outsourcing without conducting any background checks on the selected location and company, the results could be
something less than desirable.
When indulging in offshore outsourcing you must be aware that the transaction subject to two sets of legal systems; our country’s and the service providers country’s system. The differences in the legal systems, in some cases can become an obstacle.For example, norms regarding intellectual property will vary from country to country. A set of uniform global laws regarding the process of offshore outsourcing is yet to be passed. Until then, the best way to proceed would be to increase your awareness of the laws that apply in the destination you choose. Outsource to countries free from political instability. Countries such as not only have stable governments but also have laws that favor the growth of offshore outsourcing.
For the detailed information on all above, please visit the following link : http://www.indovance.com/outsourcing-information-resources-and-guidance
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