Outsourcing News: Small Businesses are massively Participating in the Parade of Outsourcing
Gone are the days when seeking cheap labor is something that the big businesses alone chase after. Thankfully, the evolvement and continuous growth of the online marketplaces have made it possible for even small businesses to take advantage of offshore foreign contract workers to cut back business running costs. In essence, outsourcing has also become a popularly leveraged tool by small businesses.
Recently, the National Bureau of Economic Research published working paper that contains a statement that a group of researchers made about outsourcing. In the paper, these group of researchers said that “outsourcing is a trend with the potential to redistribute global wealth.”
According to the researchers, outsourcing is favorable to just any type and size of business; whether you’re looking for contractors to execute a one-time business such as software development, marketing campaign, website design, translation, article writing/publishing and even customer service, outsourcing is a highly viable alternative to employing full-time workers. These researchers added that you no longer need to stay local as a business in terms of looking for workforce. For instance, your business in the United States can hire a website developer in the Philippines without meeting face to face. The best part is that the offshore worker will willingly accept much less pay compared to a website developer in the United States.
The greater news is that you don’t have to worry about how to find and hire the offshore contractors. In addition to outsourcing websites, there are tons of online marketplaces that arrange for offshore workers and employers to meet. On such sites, a business owner or employer can view the portfolios and skills of outsourcing contractors, including reviews by previous employers. And, these outsourcing and freelance platforms can also arrange for payment on behalf of the recruiters.
According to a professor of entrepreneurship, business owners and companies in high-income nations take advantage of these online marketplaces to hire low-income earners. The Prof, Ajay Agrawal at the University of Toronto also added that “workers in low-income countries can take advantage of those online platforms to boost their income. They can even learn skills that are in demand on those platforms just to boost their employability and income”. In fact, contractors from Philippines are earning substantially…far more than the minimum wages in their locality. Yet, in comparison, they work for far less compared to people with the same skill set in the hiring countries.”
However, quality has always been a subject of debate when it comes to offshore outsourcing. But thankfully, these websites provide ratings, reviews and feedback by previous employers, helping subsequent employers to make informed decision on who to hire for the task in question.
Daven Michaels is a New York Times Best Selling Author and CEO of premiere global outsourcing company, 123Employee. The company employs hundreds of young bright individuals on three continents. His International event, Beyond Marketing Live! inspires entrepreneurs build & grow their business with revolutionary new theories and systems allowing them to design the business and personal lifestyle of their dreams.
Paul Tobey says: 
Outsourcing News: Small Businesses are massively Participating in the Parade of Outsourcing
Gone are the days when seeking cheap labor is something that the big businesses alone chase after. Thankfully, the evolvement and continuous growth of the online marketplaces have made it possible for even small businesses to take advantage of offshore foreign contract workers to cut back business running costs. In essence, outsourcing has also become a popularly leveraged tool by small businesses.
Outsourcing Trend has the capacity to Redistribute Global Wealth
Recently, the National Bureau of Economic Research published working paper that contains a statement that a group of researchers made about outsourcing. In the paper, these group of researchers said that “outsourcing is a trend with the potential to redistribute global wealth.”
According to the researchers, outsourcing is favorable to just any type and size of business; whether you’re looking for contractors to execute a one-time business such as software development, marketing campaign, website design, translation, article writing/publishing and even customer service, outsourcing is a highly viable alternative to employing full-time workers. These researchers added that you no longer need to stay local as a business in terms of looking for workforce. For instance, your business in the United States can hire a website developer in the Philippines without meeting face to face. The best part is that the offshore worker will willingly accept much less pay compared to a website developer in the United States.
Another Great News…There are Lots of Online Marketplaces to Make Outsourcing Easier
The greater news is that you don’t have to worry about how to find and hire the offshore contractors. In addition to outsourcing websites, there are tons of online marketplaces that arrange for offshore workers and employers to meet. On such sites, a business owner or employer can view the portfolios and skills of outsourcing contractors, including reviews by previous employers. And, these outsourcing and freelance platforms can also arrange for payment on behalf of the recruiters.
According to a professor of entrepreneurship, business owners and companies in high-income nations take advantage of these online marketplaces to hire low-income earners. The Prof, Ajay Agrawal at the University of Toronto also added that “workers in low-income countries can take advantage of those online platforms to boost their income. They can even learn skills that are in demand on those platforms just to boost their employability and income”. In fact, contractors from Philippines are earning substantially…far more than the minimum wages in their locality. Yet, in comparison, they work for far less compared to people with the same skill set in the hiring countries.”
However, quality has always been a subject of debate when it comes to offshore outsourcing. But thankfully, these websites provide ratings, reviews and feedback by previous employers, helping subsequent employers to make informed decision on who to hire for the task in question.
Daven Michaels is a New York Times Best Selling Author and CEO of premiere global outsourcing company, 123Employee. The company employs hundreds of young bright individuals on three continents. His International event, Beyond Marketing Live! inspires entrepreneurs build & grow their business with revolutionary new theories and systems allowing them to design the business and personal lifestyle of their dreams.
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