Outsourcing is not a new thing. It is probably the most profitable method of getting a work done. It bypasses a bunch of expenditure like that on infrastructure, conveyance, distributing emoluments of the employees etc. The hiring company does not need to take care of the employment rules of the country of the outsourced company. Obviously, the company which outsources the works could focus on more productive issues concerned with its business, that is the core business works. So this is the way for maximum productivity with minimum risks.
According to the American Glossary, outsourcing means outside resourcing and "this concept goes back to at least 1981". It includes both domestic and foreign contracts and is of two major types, offshoring, where the business processes are relocated in a distant country and near shoring, where the business processes are relocated in nearby countries. If the costs of execution are substantially lower in distant countries, offshoring is a natural choice. India is a good destination because of this reason also.There is a big difference between the production costs among the developed countries and India.
In India, the IT professionals are well versed in English. Computer literacy rate is very high.The government policies are very much favorable for the IT industry. Also, there has almost always been a stable government here.There is world-class infrastructure in the IT companies here. The professionals here work fast and with precision. Of course, India is going to be the next IT giant in coming days. All this makes it one of the top outsourcing destinations.
In the sector of outsourcing, the concept of virtual employees is really very vibrant. The company which outsources the works gets those works done by its virtual employees in the outsourced country. The virtual employees are managed and administered by the company that gets the outsourced works. Hence a big share of the complication is offloaded as well. Still, the remote company has full control over the virtual employees and "it keeps them in touch in the entire office hour using tools like Skype, Google Doc, Wrike and other such methods". A virtual employee gets instructions in the real time. Moreover, the virtual employees work in the time zone of the hiring company to enhance the ease.
The companies are hiring dedicated virtual employees where the virtual employee works for that company during regular working hours, just like a local employee to the company. The dedicated virtual employee works from the outsourced company using its amenities. Monday to Friday for nearly 9 to 10 hours daily on an average is the work time. Even a team of dedicated employees is hired by the companies if they need. It could be a short term or long term requirement. In the outsourcing market, the solution for both the types is available.
The company that outsources decides whether the employee would be working on daily or weekly or monthly basis. As the virtual employee is as good as a local employee, the hiring company can easily train and instruct them and supervise the works done by them as well.Naturally, the improved efficiency and quick turnaround time make a virtual employee extremely beneficial for the hiring company.
Recently, "several foreign companies are hiring virtual employees directly" where the virtual employees are working from their own location, and not from some outsourcing company. They work as a regular employee, not as a freelancer. The difference is that those virtual employees are responsible for maintaining a minimum infrastructure or facilities like high bandwidth net connection, mobile, power backup systems etc. They are on the payroll of the hiring company and they are hired for a short term and long term requirement both.
Naturally, outsourcing and virtual employment have changed the world, and India has got a whole big base for growth and identity out of this.
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