“2W” Outsourcing: What and why?

What is outsourcing?
Outsourcing is the act of onecompany contracting with another company to provide services that mightotherwise be performed by in-house employees. Often the tasks that areoutsourced could be performed by the company itself, but in many cases thereare financial advantages that come from outsourcing.

 Many large companies nowoutsource jobs such as call center services,e-mail services, and payroll, virtual assistant, Online relatedtask... These jobs are handled by separate companies that specialize in eachservice, and are often located overseas.

Why we should outsource?
Thereare many reasons that companies outsource various jobs, but the most prominentadvantage seems to be the fact that it often saves money. Many of the companiesthat provide outsourcing service are able to do the work for considerably lessmoney, as they don't have to provide benefits to their workers and have feweroverhead expenses to worry about. Depending on location, it may also be moreaffordable to outsource to companies located in different countries.
Outsourcing also allowscompanies to focus on other business issues while having the details taken careof by outside experts. This means that a large amount of resources andattention, which might fall on the shoulders of management professionals, can beused for more important, broader issues within the company. The specializedcompany that handles the outsourced work is often streamlined, and often hasworld-class capabilities and access to new technology that a company couldn'tafford to buy on their own. Plus, if a company is looking to expand,outsourcing is a cost-effective way to start building foundations in othercountries.

Source: “2W” Outsourcing: What and why?