People usually think that companies outsource some of their functions to save on money. While this has been true in the early days of outsourcing where companies enjoyed the savings from properly implemented plans, they have also realised some additional benefits from outsourcing. Generally, when either one or more of the following occurs, it is best you consider Outsourcing as a viable option:
Vacant positions are open for a long time.
Your HR is facing a dwindling pool of qualified people for the open positions. In a tight labor market, outsourcing lets your HR source from a wider pool of potential star performers. You won’t be limited to hiring from your immediate vicinity.
Uncertainty with Market conditions.
Management would like to have a more flexible and nimble operation that is not weighed down by a high fixed headcount. Think: Peak and low seasons. It is nice if you can forecast the future growth of your operations, and maintain your staff, but what happens in a downturn? It is easy to hire, and sadly, hardest to fire/layoff people. By outsourcing your spillover work, you maintain that flexibility and are relieved of having to lay off extra workforce in low seasons.
Quicker time to Market.
Sometimes your project/s needs that top talent and you can’t wait to train/develop your in-house talents. Outsourcing enables your company to tap on the expertise and specialization of outsourcing companies in what they do best. Your in-house talents can work beside your outsourcing provider and hopefully, your inhouse talents can absorb the best practices and accelerate their own expertise.
Minimizing Operational Risks.
Sometimes, it just makes sense to ‘not put all your eggs in one basket’. Outsourcing enables your company to spread your manpower over geographic distances. This makes a lot of sense when the next global pandemic or catastrophe hits your main operating region.
Our Transcription team is proud to have done the transcripts for the sub titles for “Enemies of the People” a movie on the Killling fields that is now showing in the US. We feel proud to have been part of this video transcription project.
On June 30, Benigno “Noynoy” Aquino III will not only take his oath as the highest official in the land, but will also make history as the first Philippine president whose inauguration will be livestreamed on the Internet.
Yahoo! Southeast Asia will provide a live video stream of the Aquino inauguration, in partnership with broadcast network TV5, MediaQuest and FutureGen.
This will be made available on the Purple Thumb election site of Yahoo! Philippines, together with a live blog that will give up-the-minute updates and allow readers from all over the world to post their comments.
Just as in the Purple Thumb coverage of the first automated elections in the Philippines, bloggers and citizen journalists can take part in Yahoo!’s social media coverage by using the hashtag #PurpleThumb together with their election-related tweets. These #PurpleThumb Twitter updates will be automatically posted on the live blog, where they can be read by the millions of readers who visit the Yahoo! Philippines site.
More info: http://ph.yfittopostblog.com/2010/06/29/live-video-stream-of-aquino-inauguration-on-june-30/