OUTSOURCING is what we hear more often these days than before. Growing businesses that know the real productivity ideas of 21st century are getting outsourcing at their best. Outsourcing of Informatics services can be referred to in many ways today: some call it Facilities Management (FM), or Application Service Providers (ASP), Web Hosting Services, extended System Integration Services (eSIS), but most commonly it is referred to by the “catch-all” name of outsourcing. Even many only know it is Outsourcing and no more name to address it.
Observed Outsourcing in Nepal
The last few years in Nepal, companies in the Telecommunication and Network Systems like Ncell, NTC, UTL and other service providers (ISPs and NSPs), automotive, machine tools and equipment, mechanical and electronic subsystem manufacturing companies, IT organization, hospitals and medical agencies have successfully adopted manufacturing in low cost location as part of their survival strategy. Outsourcing has always been a good adaptation in saving money – what matters is what form and how to outsource your business so that your business grows fonder.
What is Outsourcing?
Outsourcing is the act of one company contracting with another company to provide services that might otherwise be performed by in-house employees. Often the tasks that are outsourced could be performed by the company itself, but in many cases there are financial advantages that come from outsourcing.
Many large companies now outsource jobs such as call center services, e-mail services, and payroll. These jobs are handled by separate companies that specialize in each service, and are often located overseas. An outsourcing deal may also involve transfer of the employees and assets involved to the outsourcing business partner. If you are still confused with outsourcing relating it with IT Outsourcing, then re-read this article from the beginning – outsourcing is wide.
Outsourcing Advantages in Nepal
There may me many reasons behind several companies outsourcing various jobs, but the most prominent advantages seems to be the fact that it often saves money. As in Nepal, we can see many companies providing their services in very less money, it is because they are adopting outsourcing jobs and they don’t have to provide benefits to their workers and have fewer overhead expenses to worry about. Besides that outsourcing jobs in remote areas of Nepal also become more affordable for new companies to expand their services wide throughout the country.
We are yet to practice at-large. Outsourcing also allows companies to focus on other business issues while having the details taken care of by outside experts. This means that a large amount of resources and attention, which might fall on the shoulders of management professionals, can be used for more important, broader issues within the company.
The specialized company that handles the outsourced work is often streamlined, and often has world-class capabilities and access to new technology that a company couldn’t afford to buy on their own. Plus, if a company is looking to expand, outsourcing is a cost-effective way to start building foundations in other countries. The question is how Nepalese company foresee the advantages with Outsourcing – either taking the outsourcing part with themselves like the IT companies or giving the outsourcing job to 3rd party vendors like hospital’s incineration.
Nepal’s approach in Outsourcing
For now, even Nepal has formed different papers Plans and Policies; it must be due to Political uncertainty that Nepal has not been able to flourish much in financial as well as ICT sectors. Despite the unfavorable political and state support, Nepal has stated a Vision of exploring its development in sector of ICT (Information and Communication Technologies) and providing outsourcing services worldwide in IT policy 2067 and beyond. Nepal has been welcoming services, IT and Telco outsourcing for long as demonstrated by private companies of big and small sizes.
Many companies like call centers, BPOs (Business Process Outsourcing) and IT industries have been providing outsourcing facilities to foreign companies. Mostly remotely feasible work process related with IT, more specifically remote management, software development, web design, customer care, helpdesk, and many more are taken care of by many outsourcing companies in Kathmandu and major cities in the country.
Opportunities of outsourcing in Nepal
Referencing the past few fiscal years in Nepal, corporate house either big or small, have started to outsource the manpower required for their organizations. Outsourced manpower can be categorized form IT consultants to Guards, apart from manpower, we can also see some big corporate houses now outsourcing machines and vehicles, too. Software outsourcing is the most adopted outsource means in Nepal for past few years in technology sector.
Apart from software outsourcing, business organizations like hospitals, telcos, network providers, banks, media houses, and delivery commerce are outsourcing their part of business and possible sources of business processing to the third party vendors. As of now, many companies are still doubting the reliability and productivity of those third party vendors – partly by the lack of rules and regulations, and partly by the lack of commercial values of the part of outsourced business.
Where is everyone going?
Quite simple to say, every Nepali in villages and rural areas dream to live their life in big cities like Kathmandu, Pokhara, Heatauda, and Biratnagar. Besides these top ones now cities like Narayanghad, Butwal, Illam and Janakpur are attracting people too. Experienced professionals, less competition, loyal employees, cost effectiveness, and ample space are some of the reasons why smaller towns and cities are attracting attention now and then. It’s not just everyone wish to live in big cities; they eventually want to involve themselves in some kind of job or business. And this business is growing in a way or the other by expansion of outsourcing of a sort.
The junkyard of Outsourcing – rightly called for South Asia, specially for India and Nepal is following the trend atleast in software (BPO) outsourcing. The reasons being cheap labor and experienced man power or educated skills available term wise – and the most important fact being one time agreement no liabilities or whatsoever. While Nepal’s internal businesses are still finding hard to develop in trust factor with vendors, Nepal is already on the top list of favorite outsourcing place. Let outsourcing opportunities rise and implement at high in Nepal growing businesses for productivity.
how can i do outsourcing??
We are a firm of Chartered Accountant and we are considering outsourcing part of our accounting and payroll functions.
Please send all the details.