Online Outsourcing
Posted by talentatreach on April 23, 2008
Many of you will be familiar with the terms ‘Outsourcing’ and ‘Offshoring’, both of which refer to taking a business process and contracting a third party service provider to manage this non-core part of your business and also reduce costs. When ‘Offshoring’ the service provider is located in another country.
The next evolution of this practice that I have become involved with is ‘Online Outsourcing’. The main destination is currently India; however with rising costs it is soon to be eclipsed by China which produces a huge number of qualified, keen and innovative IT and engineering graduates every year.
The main market for online outsourcing are Small and Medium Enterprises or Individual Entrepreneurs. But ther are some fortune 500 companies that are benefiting from the associated comparative cost advantage
