Top Five Reasons to Outsource in 2021

The COVID-19 pandemic created a big shift in the way businesses are operating across the world. The start of the pandemic witnessed layoffs in a majority of sectors with the permanent employment situation fluctuating for a long time. Companies then reassessed their overheads, especially manpower costs and recruitment efforts to stay afloat in the pandemic. 

 As per the latest 2021 Global Managed Services Report, businesses now have to be agile and respond to change quickly.  In such a scenario, companies are increasingly opting for outsourcing due to tight budgets and an uncertain future rather than spending time and effort on in-house departments. An outsourcing model cuts down  IT costs by 25-45% and increases operational efficiency by 45-65%. Organizations can handover critical time-driven and big-ticket tasks to the experts. 

Advantages of Outsourcing in the Present Times 

Management and employees can focus on their core business 

After the initial dip, global competition has become fierce. Pandemic has challenged everyone and eaten up reserves that have resulted in losses.  Increasing efficiency in the daily workflow while scaling productivity is the main focus of businesses to remain competitive. Working with an outsourcing expert will help organizations handover non-core activities to them. Businesses have to focus on their core business, improve efficiency and reduce costs. 

Outsourcing - the way to bringing expert knowledge from the outside

Pre or Post-Covid, outsourcing always provides an organization easy access to the best minds in the industry. They get access to the right set of talented individuals according to their technological needs and the required skill set. Hiring experts bring better flexibility and agility to work. Especially in the current COVID-19 crisis, many companies suspended their activities or slowed down their projects. It opened the talent market to many smart and experienced professionals available at affordable rates. Hence, companies can hire resource experts for their projects at effective pricing during this time. 

Improving Risk Management 

Working with experts guarantees the reduction of risks like a product crash or a service is down since a dedicated resource will always be available to handle and fix bugs during a time of crisis. Also, if businesses are launching a new offering (product or service), an outsourced team can quickly meet the increased demands as compared to in-house teams that have other tasks at hand. 

Flexibility to ramp up and down 

The disruption caused due to the pandemic has caused the businesses to reassess their strategies and their operating model. Businesses can resort to an existing talent pool and ramp up resource experts. The outsourcing model also helps in controlling costs by eliminating the need to hire or train new employees and increase occupancy costs and investment in office space and equipment. Also, businesses can make better use of existing talent, getting the most out of their current workforce. 

Access to the latest technological trends 

One needs to know the latest technologies to fulfill unique requirements that arise over time. Outsourcing to an expert in the required field will help you get easy access to their knowledge and tools. A technology-driven business is more responsive to the latest technology trends. Tie up with the outsourcing experts will help you get access to new technologies at a reduced cost.  

Concluding Thoughts 

Many companies have their own team but lack the latest updates and technology trends. We, at PLM Nordic, are a dynamic and growing team, committed to identifying gaps in your existing systems and processes and use technology and innovation to provide smart and intelligent solutions. We offer Scandinavian quality and expertise gained from working with different customers on diverse projects. So, do let us know if you are looking for skilled contract resources. You can contact us at info@plmnordic.com or visit us at www.plmnordic.com.