Vision Plus HR Services also caters into Outsourcing (Off-Roll Services). Outsourcing also refers to "Contractual Employment" OR "Fixed - Term contract Employment" or "Temporary Employment".
- Sometime it can just be a job work only, depending upon the clients requirement.
Currently we outsource employees with few Government Ventures and few private companies too. The benefits of outsourcing are
⇒⇒ Cost savings — The lowering of the overall cost of the service to the
business. This will involve reducing the scope, defining quality levels,
re-pricing, re-negotiation, cost re-structuring.
⇒⇒ Focus on Core Business — Resources (for example investment, people,
infrastructure) are focused on developing the core business. For example
often organizations outsource their IT support to specialized IT
services companies.
⇒⇒ Contract — Services will be provided to a legally binding contract with
financial penalties and legal redress. This is not the case with
internal services.
⇒⇒ Reduce time to market — The acceleration of the development or
production of a product through the additional capability brought by the
supplier.
⇒⇒ Cost Re-structuring — Operating leverage is a measure that compares fixed costs
to variable costs. Outsourcing changes the balance of this ratio by
offering a move from fixed to variable cost and also by making variable
costs more predictable.
⇒⇒ Improve Quality — Achieve a step change in quality through contracting
out the service with a new service level agreement.
⇒⇒ Knowledge — Access to intellectual property and wider experience and
knowledge
⇒⇒ Creating Leisure time — Individuals may wish to outsource their work in
order to optimise their work-leisure balance.
Considering the benefits more and more companies in India have started outsourcing their employees which enables them to focus on their core business. |