The overwhelming costs of retaining task-specific experts while providing high remuneration and benefits often bring down the overall profit, which could be swiftly avoided.

Imagine slashing your IT expenses by a staggering 75% while still getting top-notch service. Although it may sound impossible, it is completely plausible and proven through Outsourcing!

By tapping into global talent, you can discover a treasure trove of savings and efficiency.

Current State of Outsourcing And Do You Need One?

Outsourcing is getting your work done by someone you hire outside your office, often called a third party or freelancer working on a contractual basis.

It allows you to “borrow” a team of experts remotely from any part of the world to work for you at your desired price; usually, if you want to get it done at a lower price, need a quick fix, continue contractual work for a prescribed price, or to avoid costly hiring.

Although many businesses prefer to keep their IT services in-house, which is called in-sourcing, outsourcing is becoming very popular in both the US and Europe. To save excess expenditure, numerous companies choose to outsource their IT services.

In the US, about 300,000 jobs are outsourced each year, with 37% of them being IT operations.

In Europe, countries like Germany and the UK are leading the way in outsourcing IT services. A global survey by the Boston Consulting Group in 2020 revealed that companies spent nearly 50% of their budget on outsourcing.

This practice is so common that many local firms delegate their tasks to outsourcing agencies.

Therefore, if you feel that you are losing your essential funds and time on hiring, retaining, and paying experts, which you could have saved and reused for other important purposes, then outsourcing is for you.