When should We Outsource the Work

Outsourcing the work and choosing an outsourcing partner is an important decision. Here we should be clear why are we doing the outsourcing. The first point generally comes in mind is that outsourcing is done to save the money by outsourcing the work to some company which can do it cheaper. However, this is not the first motive of outsourcing. Outsourcing is/should be done for strategic benefits keeping in mind the strategic directions of Organization goals. Here are few points explaining these factors:
  • When we don't have required expertise- It is a good idea to outsource the work when we don't have the required expertise. Then outsourcing to a right partner, who has the required expertise in that specific field, can help a lot. Otherwise, we shall be investing a lot in learning new skills and keep on building the expertise for that domain which may not be useful in longer term as per the strategic direction. Moreover, we are not sure that how good we shall be able to perform in initial days of learning. That can cost us our valuable time along with investment of money and still may result in loosing the opportunity window due to delay in achieving the right level of expertise. So outsourcing is useful when we find some tasks which is not in line of our strategy and skill building is demanding a good amount of investment. Here outsourcing that piece of work to a partner which has proven track record in doing that kind of assignment can actually help you to move faster and utilize your time for core activities of your Organization.