What are the 5 Types of Outsourcing?

Nowadays, entrepreneurs and companies rely on outsourcing to cut operational costs and focus on growing their business.

If you are planning to seek outsourced help, learn how outsourcing works and what outsourcing model will give you the best benefits. The general rule is to define outsourcing based on the job to delegate and how the result will be delivered.

The most common outsourcing models are as follows:

Project-based Outsourcing

These projects have well-defined requirements as well as deliverables. Companies outsource them to a dedicated team that can deliver excellent results without disrupting the regular tasks of their staff.

Staff Augmentation

Companies often outsource help because they need a skilled workforce that can work part-time. This model is usually utilized by companies who offer add-on services like outsourced customer experience support services to expand their business.

Managed Services

This outsourcing model is commonly used to hire IT, HR, production, or daily operational support. The managed service provider (MSP) assumes the responsibilities of monitoring, problem- solving, or handling specific backend office functions.

Contracting or Out-tasking

In this model, the company transfers a specific service or process to its outsourcing partner. Meanwhile the out-tasking involves licensing, where the partner gets permission to use the intellectual property of the company. Another means is through contracting, where a third-party supplier manages a set of processes or performs a group of tasks for the client. It can be in a yearly, monthly, weekly, daily, or hourly basis.

Offshoring

This involves relocating the dedicated resources to another country where skilled and professional workers can be hired at lower compensation. It allows the foreign company owners to maintain full control over the process and delivery of services. It also opens up accessibility to new market and opportunities.

These outsourcing models provide flexibility and optimum growth opportunity for your business. To ensure the success of outsourcing your projects, choose the best-outsourced partner or BPO company in the Philippines.

Roles of Data Entry To Your Business

Business owners believed that data entry specialist is one of the essentials in a company. But as far as the other employees, and start-up founders is concern, this job is not limited. Data entry is vital when it comes to managing and updating your company information, for the clients and potential customers to get in touch with you, in case you have a new trunk line or physical address.

Aside from helping you to lessen your administrative work, they can help you in various ways such as the following tasks and responsibilities:

Uploading content and images to the website as soon as the developer has implemented the mock-up design for the client you cater. Gather and collect data like physical address, contact number, contact person, and email address for your lead process.

Keeping and laying out all the information from your survey forms. Maintain clients’ record as well as your partner companies with accurate data. Schedule your social media posts answering inquiries, and providing complete product details to potential online customers.

Compile an inventory list for the products and suppliers you have and how much revenue you have generated in a daily, weekly, monthly and annual basis. In addition to that, having a data entry specialist in your company makes transferring of data into digital storage, forms possible and easy. Whereas, these data are useful when you’d like to run a digital marketing campaign.

They can conduct a quick competitor analysis for you to know if there are features within your business need improvements, and identify the missing factors that hinder you from outperforming your competitors.

Discussing the roles of data entry is endless, vague and surprising. You just have to decide on how you can take advantage of it, and believe in the capabilities of specialists to help you build a better business.