A lot of business has been affected amidst the covid19 outbreak. All the industries have been forced to temporarily remain closed as no work can be taken out due to the lockdown scenario. Thanks to the IT industry where they have an option to continue giving services to the clients without any hustle ie they have an option of work from home (WFH). Due to this most of the companies in the IT industry are being able to carry out their daily work. Internet being the only source right now connecting people and that is where the work is also being carried out including the meeting amongst the staff and also with the clients all over the world that are functioning right now.
While working from home one needs to be more communicative than usual. Even if you don’t have a dedicated office, try to set up a workspace and make it off-limits to the rest of the household while you’re working. Further get in a habit of sending a prompt reply whenever you get an email, even if you have to just say “Got it,” or “I’ll get back to you”.
A lot of business opportunities have been brought up through outsourcing for various countries. India is the biggest beneficiary of the outsourcing boom. When it comes to outsourcing, a large majority of IT companies prefer to choose India due to the presence of a multi-talented pool of reliability, affordable resources, and timeliness.
Outsource During Lockdown – Yes or Not.
The outsourcing debate continues over its long term sustainability.
Maintain Lower Costs
Sometimes the expense of purchasing equipment or needing a new location can be restrictive. In such a situation it’s cost-effective to outsource than to expand operations. It is efficient and less expensive than relocating.
Promote Growth
The cost of some operations is very high. Outsourcing is a good option if the cost of expanding to handle those operations yourself is too high. It will also consume a lot of time to put it into effect.
Maintain Operational Control
When your in-house programming team is occupied and you do not have the bandwidth to execute, Outsourcing the project or having an extended workforce is the best choice. By doing this the internal working is not affected at all and the work goes on smoothly.
Provide Continuity
Outsourcing allows continuity to the company work even when the office is understaffed. Outsourcing resources reduces risk and allows the company to keep operating.
When considering how outsourcing can help you grow, don’t limit yourself to looking at the cost of hiring outside contractors versus handling a task with your current staff. Focus on the value a contractor’s expertise adds to your company. Whether through expanding production, marketing your company more extensively, or disrupting the way your industry does business, outsourcing can provide an opportunity for you to innovate, grow, and rise above the competition.
References:
https://www.insightssuccess.in/future-outsourcing-trends/
https://www.thebalancesmb.com/top-outsourcing-advantages-2533765
https://www.monster.com/career-advice/article/pros-cons-of-working-from-home