Outsourcing Risks to Ukraine: What Businesses Should Know
The continuous massing of troops and hardware by Russia on its border with eastern Ukraine leads to increasing possibility of widespread violence and armed conflict in Ukraine and brings back memories of the 2013 illegal annexation of Crimea. This is likely to impact the large and growing IT outsourcing services industry in the country, at least in the short term, and has caused increased concerns from customers. […]
Build Distributed Workforces by Hiring and Developing Top Global Talent
Hiring and developing top global talent can be a challenge. However, the looming global skills gap and fierce competition for tech employees will make you want to adopt a forward-thinking approach to building a high-quality, distributed workforce. Here’s why. What’s a distributed workforce, anyway? A distributed workforce is a business model where employees routinely work from multiple locations and in varying time zones. Traditionally referred to as telecommuting, this could include fully remote teams, hybrid […]
Outsourcing Examples for High Growth Businesses
For high growth businesses who are expected to become big industry players, not everything can be done in-house, and which require a number of essential business processes to be frequently contracted out to third-party companies, independent contractors, or outsourcing teams. These are the most common outsourcing examples for high growth businesses: Accounting, Business Development & Sales, Customer Service, Human Resources, Manufacturing, Marketing & Advertising, and Shipping & Logistics. 1. Accounting Accounting can be such a headache especially for first time business owners, so […]
How Outsourcing Practices Are Changing in the Next Normal
The global business process services industry has an estimated revenue of $1 trillion annually is expected to grow at an annual rate of about 5 percent over the next five years. The post-pandemic response of virtually every sector of the economy is to look towards Managed Service Providers (MSPs) and outsourcing teams for value creation, continued growth, and business resilience in the new normal. […]
Cybersecurity in the Third Wave Outsourcing
The rise of remote work arrangements and outsourcing in the new normal leads to the most significant cause of security concerns: lack of proper cybersecurity measures at an employee’s home. According to the 2019 State of the Cloud Report, 91% of companies use public cloud platforms while 72% of firms use private cloud platforms. Based on Upwork’s 2020 Future Workforce Report, 57% of teams are now at least partially remote, and 41% have […]
How to Recognize Top Talent
Many organizations lack a standardized or analytical method on how to recognize top talent. Appraisal processes and performance management are focused solely on ad-hoc observations or on the instincts of hiring personnel. However, there are tools and approaches which can help to identify high potential employees. The question everyone wants answered is, “How do you accurately recognize top talent?” Develop a […]
The Great Resignation – Time to Rethink Your Staffing
The pandemic has become the season for pink slips, layoffs, and sky-high quitting rates. In 2019, the number of unemployed people worldwide is 187.3 million but in 2021, it increased to 220 million. Meanwhile, at least 4 million U.S. employees quit their jobs between July and August 2021. That’s the highest level since the Bureau of Labor Statistics (BLS) started tracking such data in 2000. So, […]
Overpaying for Outsourcing? Why Companies Leave Money On The Table
Organizations pay for services from a wide variety of outsourced service providers – ranging from business process services, cloud services, and contingent labor to supplement gaps in skills and availability to managed services for IT applications and infrastructure, and more. Alexa Bona, research director at Gartner, revealed that outsourced operations are 30 percent more expensive than the top […]
Top Ten Tips for Finding the Best Outsourcing Team in 2021 and Beyond
Looking for the best outsourcing companies in 2021 and beyond? There are many factors that you need to consider carefully before investing in an outsourcing partnership, such as these: Define a clear scope of work It’s your responsibility to decide business goals, desired outcomes, and best possible solutions to current needs. Understand that outsourcing isn’t […]
Third Wave Outsourcing: Finding the Best Talent for your Business
Finding the best talent for your business is one of the key components of Third Wave Outsourcing. Having the right people for the job enables your organization to maximize the benefits that comes with outsourcing. These include keeping up with the demands of your diverse base, expanding to foreign markets, coming out ahead of your […]
