Recent years have seen the rapid emergence of global outsourcing as a thriving industry. As many already know, outsourcing occurs when a company contracts with another company that will provide services that can actually be performed by internal 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 Shouldn't Be Banned"? Get an original essay Most credit card companies in the US and UK partner with call centers based in India for several reasons: first, renting an office there costs much less than in a Western country and, secondly, an Indian employee costs almost a third of an American or British employee. It may seem ruthless, but, as business expert Andrew Sherman once said, in this world you have two options: die or grow. Returning to our previous topic, email and payroll services are also now being outsourced. When a company outsources, they are basically allowing a separate company that is usually, but not necessarily, located overseas, to handle different jobs in their field of expertise, such as those mentioned above. at the forefront of your business seems like a risky venture. Outsourcing involves investing your money in a satellite office located on the other side of the world while counting on those outsiders to do their job well for the benefit of your business. So you're actually walking on shaky ground. However, some of these countries that figure well in the global outsourcing arena have proven their worth, that's why companies entrust their businesses to them. You might be thinking: why do large companies feel the need to outsource to freelancers? Well, there are various reasons, but the main one is that they have realized that taking their business elsewhere, particularly to other parts of the world, helps them achieve more with less. They have understood that taking their business outside their countries is convenient for them. These large companies don't really take all their operations overseas. They decide which projects or activities to outsource, who to hire for these activities, how to manage the project, how to agree on payment terms and how to obtain the desired results. This is why they use a third-party company to vet each candidate and screen all potential workers. India, Malaysia, Singapore and the Philippines are some of the countries that benefit the most from outsourcing. Most companies in the US and UK outsource to third-party companies from these countries to perform business processes on their behalf, primarily because workers from those countries are able to do the work at significantly lower costs. Additionally, the overheads and maintenance of these outsourced tasks cost less in those countries. The owners and managers of the company attest to the fact that since they began relocating, they have been provided with only superior quality products and services. They paid much less and yet outsourcing gave them better profits. Another reason why most large companies outsource to freelancers or third-party companies is because outsourcing allows them to focus on other aspects of their business since the usually more substantial details are already taken care of. by external experts. In fact, several studies have shown that company CEOs discovered dramatic improvements in how their companies ran immediately after adopting.