Pros and Cons of Onshore, Nearshore and Offshore

When any company decides to outsource, one of the important decisions they need to make is where they wish to outsource. Some of the points to keep in mind while making this decision are: Cost Saving Cultural Difference Language Barriers Skill / Domain Expertise Manageability Onshore: In this, company outsources its operations in same country […]

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5 Most Common Goof-ups in RFP Development

If you decide to outsource, it usually leads to creation of a Request For Proposal, or RFP. Creating an Outsourcing RFP is not same as RFPs for goods and services which are produced by procurement or purchase department. A poorly designed RFP leads to poorly developed provider solutions. Competition brings out the best. RFP is […]

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Readiness check list for Outsourcing

Readiness check list for Outsourcing Outsourcers love to promote the many benefits of outsourcing – the labor savings, the reductions in fixed costs, and the flexibility to scale quickly or redeploy capital for high-growth opportunities. What they fail to point out is that if your organization isn’t ready for outsourcing operationally, organizationally and financially, none […]

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Ways to manage your Contracts

Contract management is the management of contracts made with customers, vendors, partners, or employees. A contract needs to be managed in order to negotiate the terms and conditions in the contracts and ensuring that those terms and conditions are being complied with. Thus the contracts are documented and agreed on by the people involved in it and any […]

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Top 5 catches when negotiating an outsourcing contract

While reducing cost is typically the primary benefit and objective of outsourcing, but an ideal outsourcing contract should also allow to realize the immediate and long-term delivery need, provide contract flexibility and ensure that the outsourcer receives maximum value for money that it will be spending. Negotiating a good outsourcing contract involves much more than […]

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Many Aspects of Contingent Workforce

“Work” – in today’s world is becoming more and more project-based and relies heavily on technical skill sets. Workforce realities, structural shifts, and a change in social norms are affecting the nature of employment. Businesses and workers need to know how to adapt to these changes. As determined, the need for sophisticated, project-based work combined […]

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Few Misconceptions of Outsourcing

Company: “How difficult can it be to outsource a process?” Outsourcing is not easy, just because you outsource a process to experts does not mean that it will work better than it did before and at a lower cost. It is essential to first decide why you want to outsource, is it because your core […]

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