When you start with the outsourcing, it can be a bit daunting in the very beginning. But if you seek some help on the perfect way of building it from some professionals it can increase economies of scale and efficiencies too. There are progressive owners who realize the non-stop power of outsourcing to handle all the areas of their business that may be important but do not make any sense for them to deal with it personally. Small business conducted by the global pool of human capital can actually give a direct competition to the biggest players in the market and will certainly win.
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With emerging profits and efficient services coming from outsourcing, this trend became viral across the globe. No matter the region, today every little organization is involved in one or another kind of outsourcing.
Outsourcing Companies in the USA
Outsourcing include shifting the tasks, operations or the processes to some external third party service provider for a particular period of time. Businesses generally do this to lessen the costs and improve efficiency. Under this, the outsourced functions may be performed by some third party either onsite or offsite the business as well.
If we talk about outsourcing companies in the US, it is controversial and is politically manipulated so as to claim the job losses in the US with little or even no discussion. It’s a surprise that no discussion takes place om job creation from outsourcing by U.S companies. But, whatever is the scenario outsourcing by U.S companies offers advantages to the foreign economy and to the U.S economy as well. The U.S economy gets involved in international trade. Through this, the country gets the required goods at a very low cost which may result in the investment and more economically priced goods for the U.S citizens. There are several components produced through outsourcing and are also incorporated into large products in the US. This leads to the demand for highly skilled jobs in the United States. Sadly, these advantages often remain buried in some stories that may refer to the job losses without any clarity.
In the end, foreign products land in the market as US consumer products at very reasonable prices which boost the economies of the foreign countries and US as well.
List of companies that outsource
Despite all the political nuances, U.S has got a hub of outsourcing companies that are successful today. So here is the list of companies that outsource in the U.S:
Clarion is one of the best outsourcing organization based in U.S. This outsourcing firm offer dedicated development resources that cover a wide range of technologies. This outsourcing company in the U.S has got the experts in the field. The professional and skilled developers hit the ground running with their updated knowledge in coding and its related concepts. The major services you can hire this company for are: web development. Mobile development, Internet of things, cloud strategy and development, application testing, agile project management and more.
Spericon is another big outsourcing organization in the U.S. This is called the global leader in innovative technology. This outsourcing organization has got experts who communicate well about your requirements and then take the responsibility of making it a final hit. Its major areas of expertise are healthcare solutions, banking solutions, logistics solutions, media and entertainment, educational solutions and retail solutions as well. The experts working with the outsourcing brand use futuristic technologies to advertise the digital revolution.
This outsourcing organization has got its headquarters both in U.S and India. They have experts who take the responsibility of creating market-leading digital products, experiences, and platforms that help in transforming your business. Cmarix has got a wide team to offer the wide range of services across the globe. You just name the IT outsourcing service, and they do it.
PLaxonic is a famous name among the outsourcing companies of U.S. this outsourcing company is known for redefining the excellence by delivering end-to-end solutions. Its core services are IT support, inbound/outbound, app development, IT staffing, 360-degree branding and digital marketing.
As the name suggests Accelerance accelerate the results that you expect to get out of your outsourcing organizations. This company is known for giving the best advice on outsourcing and fetching the required results within the desired time period.
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IT outsourcing companies in India
With internet and technologies hiking up every year, the business industry is experiencing a tremendous growth. One of the key reasons for it could be outsourcing. Outsourcing is now the process of getting all your work done by some other company dealing in the respective areas. No matter the state or the country, you just need to pay them and get your work done effectively. It can be any task like designing, manufacturing, accounting, etc.
In past few years, there are a lot of IT Outsourcing companies that have flourished in India. There are a lot of companies that are offering different services to the companies based across the globe. All these services include from Business Process Services (BPS) to web development. In fact, India and Philippines have become two major countries where people from all around the globe choose to outsource.
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Genpact established in the year 1997. It has become the largest business process outsourcing (BPO) company in India. It successfully provides it’s services to around 800 clients across the country. In India, it offers services like research and analysis, consulting, coaching, risk management, etc.
Tata Consultancy Services BPO
TCS BPO stands second among the outsourcing companies in India. It is a subsidiary of TATA group in India. It has got around 34000 skilled professionals working in it. SO far it has achieved a new position in the market by simply passing $ 1 billion of its revenues.
Serco Global Services Ltd.
This organization is based in the UK and has its corporate office in Gurugram Haryana in India. The number of workers working here is 60,000+ all around the globe and 30,000 plus in India. Overall it has 43 delivery centers in 21 cities in India. The company receives a total turnover of about $1 USD billion. It is a quite successful company.
It is a quite big and successful outsourcing company. Aegis is owned by Essar group, an MNC from India. It has got the turnover of around $700 million. It has got its main office in Mumbai (India) and is present in over 43 locations around 9 countries with a staff of around 40,000 people.
WNS Global Services
This is headquartered in Mumbai Maharshtra. India is a global outsourcing service provide with 200+ clients locally as well as globally. It has $ 616 million annual revenue and an employee base of more than 25000 people.
Wipro is an Indian IT company that has entered the outsourcing business in 2002. Now it is headquartered in Bengaluru. The company has got $616 million annual revenue and an employee base of more than 25000 people. It stands at number 6 in the list.
Infosys BPO Limited
Infosys is a subsidiary of Infosys Ltd. This came into outsourcing business since 2002. It has headquartered its services in Bengaluru, India. It has got more than 12 delivery centers in India and stands on number 7. Nowadays it has 24K working employees and generates about $470 Mln. of revenues.
Aditya Birla Minacs
Aditya Birla Minacs (aka. Minacs) is a affiliated company of corporation. Aditya Birla Corporation acquired its stakes in Minacs in the year 2007 and changed it’s name then. In 9 years, the company reached the turnover of $438 Mln. and 21K of employees. Now it is main office in Bengaluru (India).
Successful Outsourcing Examples
Since outsourcing companies are countless in number, they certainly have the records that are hard to break. There are many manufacturers who have outsourced IT jobs to the workers in countries like Ukraine, Philippines, China and Bangladesh. This common practice is known as offshoring. It includes outsourcing to a third party companies, especially in a region different than the one where outsourcing company is based. This is done to save the labor costs. Outsourcing is not only limited to manufacturing jobs. Customer service jobs like those in call centers and computer programming jobs are also outsourced by the companies looking for the ways to reduce costs. There are a large number of companies that outsource at least some functions of human resource tasks like employee benefits management and payroll.
Outsourcing can also involve the purchasing of components from some other source like components for computer equipment. Components sometimes can be bought for less than it may cost for the companies to manufacture those components themselves only. And there are chances that those components may be of higher quality. Apple is certainly a good example in this case. Since its products are designed in the U.S, there are a lot of components that are used in those products and are purchased from third-party vendors.
Information Technology services can also be outsourced. For instance: software-as-a-service and cloud computing offer the companies an easy access to computer services and the tools that were managed once in-house by the IT departments of the companies.
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What is a outsourcing company?
Definition: The practice of having certain job functions done outside a company instead of having an in-house department or employee handle them; functions can be outsourced to either a company or an individual. Outsourcing has become a major trend in human resources over the past decade.
What are some examples of outsourcing?
Some common outsourcing activities include: human resource management, facilities management, supply chain management, accounting, customer support and service, marketing, computer aided design, research, design, content writing, engineering, diagnostic services, and legal documentation.
Why are companies outsourcing?
There are many reasons why a company may choose to outsource certain business functions. Some of the most common reasons include: Reducing and controlling operating costs (the largest driver). Sharing risks with a partner company.
Why do American companies outsource?
Job outsourcing helps U.S. companies be more competitive in the global marketplace. It allows them to sell to foreign markets with overseas branches. They keep labor costs low by hiring in emerging markets with lower standards of living. That lowers prices on the goods they ship back to the United States.
What percentage of US companies outsource?
But foreign companies also outsource to the United States. According to the Bureau of Economic Analysis, foreign businesses employed nearly seven million Americans, which accounted for 13 percent of manufacturing jobs and about 18 percent of exports in 2013.
What are the major sectors for outsourcing?
Different Sectors We Offer:
1) Call Center Outsourcing. Typically, Call Center Services include
2) Knowledge Process Outsourcing (KPO)
3) Data Entry Outsourcing.
4) IT Services Outsourcing.
5) Healthcare BPO Outsourcing.
6) Financial Services Outsourcing.
7) Engineering Services Outsourcing.