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  • Essay / Credit Card Company Outsourcing to Freelancers

    Recent years have seen the rapid emergence of global outsourcing as a thriving industry. As many already know, outsourcing is when a company contracts with another company that will provide services that can actually be performed by in-house employees. Call center services are one of the most popular outsourced jobs. Say no to plagiarism. Get a tailor-made essay on “Why violent video games should not be banned”? Get an original essay Most credit card companies in the US and UK work with call centers based in India to several reasons: firstly, renting an office there is much cheaper than in a Western country and, secondly, an Indian employee costs almost a third of an American or British employee. It may seem callous, but, as business expert Andrew Sherman once said, in this world you have two options: die or grow. Coming back to our previous topic, email services and payroll services are now also outsourced. When a company outsources, it essentially lets a separate company, usually but not necessarily located overseas, handle multiple tasks within its area of ​​expertise, like those mentioned previously. Being at the forefront of your business seems like a risky business. Outsourcing involves investing your money in a satellite office halfway around the world while relying on these strangers to do their job well for the benefit of your business. So you are walking on fragile ground. However, some of these countries that feature well in the global outsourcing arena have proven their worth, which is why companies entrust their businesses to them. You may be wondering why big companies feel the need to outsource to freelancers? Well, there are several reasons, but the main one is that they realized that by expanding their businesses elsewhere, particularly in other parts of the world, it was helping them do more with less. They realized that it was profitable for them to export their activities outside their country. These large companies are not really outsourcing all their activities. They actually decide which projects or tasks to outsource, who to hire for these tasks, how to manage the project, how to agree on payment terms and how to achieve the desired results. This is why they use a third-party company to review each candidate and screen all potential workers. India, Malaysia, Singapore and the Philippines are among the countries that benefit the most from outsourcing. Most companies in the United States and United Kingdom use third-party companies in these countries to run business processes for them, primarily because workers in these countries are able to perform the work for pay. considerably lower. Additionally, the overhead and maintenance of these outsourced activities costs less in these countries. Business owners and managers attest that since they began outsourcing, they have only been provided with top quality products and services. They paid much less and yet outsourcing earned them better profits. Another reason why most large companies outsource to freelancers or third-party companies is that outsourcing allows them to focus on other aspects of their business since the usually most important details are already taken care of ..