The COVID-19 pandemic has flattened the world. Now companies CAN run their business operations with employees working from home from anywhere in the world. Because of this, it has become increasingly important for companies to realize how they can maintain or increase their profits while minimizing their costs to employees.
Employees stayed at home during COVID-19, saving almost $6000 per year by saving more than 500 dollars per month. Knowing this for a fact, companies are finding it harder to keep the same salary patterns with this global shift. Salary patterns are changing in-home allowances, fuel, and food reimbursement since everyone is now working from home.
As a result, more than 300,000 jobs get outsourced out of the USA each year since the pandemic. Indian outsourcing firms have become increasingly important to US companies to remain competitive.
In contrast to other outsourcing locations in Latin America, China, Southeast Asia, or some African countries, India is the best destination for technical and IT jobs and business processes.
Listed below are a few reasons to outsource to India.
During the pandemic, businesses have been under constant pressure to generate revenue with their currently employed home workers or keep the same volume of work. You can utilize your existing staff to manage the outsourced team and projects from India, which increases the productivity of each employee.
When you outsource to India, you'll be working with highly educated workers who may hold degrees from some of the best universities in the world. Additionally, you might find Indian professionals speaking better English than their counterparts in other leading outsourcing destinations, making them highly adaptable. Hence, it takes out the worry about language or cultural barriers when outsourcing to India.
Besides supporting your increasing customer base or researching and testing new products, you will need to continue your current growth rate as your company expands. And, it can be distracting if you cannot handle everything in-house. However, you can delegate non-core processes to Indian offshore teams while managing critical business functions. Moreover, it is possible to outsource any business activity to India, including customer support, marketing, research, and other activities.
You may not always have enough staff members with the right skills to handle unpredictable business conditions with different peak and slow seasons. The benefit of outsourcing to India is that you can access skilled people when you need them to take on such impossible business situations. In addition, outsourcing can offer your company the ability to scale, whether you need fewer or more resources.
In the United States, labour is expensive, thanks to the high cost of living. Your responsibilities extend beyond a staff member's salary to paying for taxes, computer equipment, cubicles, liability insurance, and health insurance. India can cut labour costs dramatically when you outsource to it. For example, developers in the US may charge $50 to $80 per hour. You can negotiate a competent developer in India as low as $25 to $15 per hour. When your company cannot pay high salaries, India's pricing flexibility increases your budget management flexibility.
Maintaining the right level of staff to meet business needs may be challenging. Having fewer employees puts you at risk of missing deadlines during busy periods. Conversely, a large team may result in people getting bored or missing out on challenging work, leading to a collapsing turnover. The flexibility of outsourcing to India may allow you to determine the appropriate staffing levels to solve this problem. 80% of the time, a core team will be enough to meet your end-to-end business needs. In addition, outsourcing to India can help you increase bandwidth when business activity increases due to seasonality or other reasons. Furthermore, you can save money by utilizing your full-time staff at a steady rate throughout the year.
The only steps to outsourcing to India are to find an appropriate Indian provider and to sign an outsourcing contract. Taking deliberate actions is making sure you outsource what you can handle.
Getting started with outsourcing to India can be easy with these tips:
These were our reasons for outsourcing to India, helping your business expand its reach; what are yours? Let us know in the comments below. Contact us today to begin outsourcing to India.