https://padlet.com/nilsengels/9r58bsoigw42iv0k pros and cons en-us 2021-12-02 21:54:45 UTC 2021-12-08 18:03:21 UTC hello@padlet.com nilsengels https://padlet.com/nilsengels/9r58bsoigw42iv0k/wish/1926160654 the process of paying to have of a company's work done by another company ]]> 2021-12-02 22:02:19 UTC https://padlet.com/nilsengels/9r58bsoigw42iv0k/wish/1926160654 nilsengels https://padlet.com/nilsengels/9r58bsoigw42iv0k/wish/1926166268 a situation in which a company employs another organisation to do some of its work, rather than using its own employees to do it ]]> 2021-12-02 22:06:50 UTC https://padlet.com/nilsengels/9r58bsoigw42iv0k/wish/1926166268 https://padlet.com/nilsengels/9r58bsoigw42iv0k/wish/1928620147 (e.g. there are lower labor costs in other countries)]]> 2021-12-04 09:56:00 UTC https://padlet.com/nilsengels/9r58bsoigw42iv0k/wish/1928620147 https://padlet.com/nilsengels/9r58bsoigw42iv0k/wish/1928626306 Companies do not need to employ people, who do low-value tasks, so they can employ more high-skilled people working on high-value tasks = benefit for businesses ]]> 2021-12-04 10:06:34 UTC https://padlet.com/nilsengels/9r58bsoigw42iv0k/wish/1928626306 https://padlet.com/nilsengels/9r58bsoigw42iv0k/wish/1928629067 outsourcing can lead to higher wages and more job opportunities in the developing countries to which firms outsource
Some say it could close the gap more between the rich and the poor countries]]> 2021-12-04 10:11:19 UTC https://padlet.com/nilsengels/9r58bsoigw42iv0k/wish/1928629067 https://padlet.com/nilsengels/9r58bsoigw42iv0k/wish/1928631423 People in the countries, that are doing outsourcing, lose their job offers to people in other countries.]]> 2021-12-04 10:15:11 UTC https://padlet.com/nilsengels/9r58bsoigw42iv0k/wish/1928631423 https://padlet.com/nilsengels/9r58bsoigw42iv0k/wish/1929338805 The more helping hands, the quicker the job is done and the people helping, who are experts of the issue, will do the job better ]]> 2021-12-05 08:54:34 UTC https://padlet.com/nilsengels/9r58bsoigw42iv0k/wish/1929338805 https://padlet.com/nilsengels/9r58bsoigw42iv0k/wish/1931047993 Most call centers have been outsourced to India or the Philippines.]]> 2021-12-06 13:16:26 UTC https://padlet.com/nilsengels/9r58bsoigw42iv0k/wish/1931047993 https://padlet.com/nilsengels/9r58bsoigw42iv0k/wish/1931054578 American companies send IT jobs to India and China because the skills are similar while the wages are much lower. Also some companies in Silicon Valley outsource tech jobs by offering a visa to foreign-born workers.
Those foreign vendors may be individual IT professionals, consulting firms, employee leasing companies, full-service providers and CPA firms.
The common IT-functions to be worked on are e.g. data entry, data center operations, application maintenance and development, disaster recovery and network management and operations. ]]> 2021-12-06 13:19:21 UTC https://padlet.com/nilsengels/9r58bsoigw42iv0k/wish/1931054578 https://padlet.com/nilsengels/9r58bsoigw42iv0k/wish/1931304186 hiring a contractor instead of an employer who is not always on site can lead to some overseeing power being lost

]]> 2021-12-06 14:54:44 UTC https://padlet.com/nilsengels/9r58bsoigw42iv0k/wish/1931304186 https://padlet.com/nilsengels/9r58bsoigw42iv0k/wish/1931306479 producing something in a different country might not guarantee a quality product or service]]> 2021-12-06 14:55:35 UTC https://padlet.com/nilsengels/9r58bsoigw42iv0k/wish/1931306479 https://padlet.com/nilsengels/9r58bsoigw42iv0k/wish/1931318041 Skype hires employees on contracts in Estonia to program software (young and cheap talent)
--> Microsoft bought Skype for $8.5 billion in 2011]]> 2021-12-06 14:59:38 UTC https://padlet.com/nilsengels/9r58bsoigw42iv0k/wish/1931318041 https://padlet.com/nilsengels/9r58bsoigw42iv0k/wish/1931320003 American Express outsources customer service (call centres) to India and the Philippines]]> 2021-12-06 15:00:16 UTC https://padlet.com/nilsengels/9r58bsoigw42iv0k/wish/1931320003 https://padlet.com/nilsengels/9r58bsoigw42iv0k/wish/1931323353 contractors assemple the units in China
--> an iPhone would cost $30k if manufactured in USA]]> 2021-12-06 15:01:27 UTC https://padlet.com/nilsengels/9r58bsoigw42iv0k/wish/1931323353 https://padlet.com/nilsengels/9r58bsoigw42iv0k/wish/1932039078 … often outsource manufactures to reduce production costs and adapt to new market standards, i.e. to China.




]]> 2021-12-06 19:52:41 UTC https://padlet.com/nilsengels/9r58bsoigw42iv0k/wish/1932039078 https://padlet.com/nilsengels/9r58bsoigw42iv0k/wish/1932061587 If companies are bound to operate by seasons outsourcing can simplify hiring and releasing staff so that they don’t have to be employed all the time and through that can save costs.]]> 2021-12-06 20:05:05 UTC https://padlet.com/nilsengels/9r58bsoigw42iv0k/wish/1932061587 https://padlet.com/nilsengels/9r58bsoigw42iv0k/wish/1932069998 … has outsourced by extending operations and employing worldwide to expand capacities.]]> 2021-12-06 20:10:19 UTC https://padlet.com/nilsengels/9r58bsoigw42iv0k/wish/1932069998 https://padlet.com/nilsengels/9r58bsoigw42iv0k/wish/1933146052 Quality and price is both affordable. By searching a global talent pool, its easier to find the right talent with the right price.]]> 2021-12-07 10:01:33 UTC https://padlet.com/nilsengels/9r58bsoigw42iv0k/wish/1933146052 https://padlet.com/nilsengels/9r58bsoigw42iv0k/wish/1933151499 Since your contractor may live in a country out of your time zone, it may be difficult to get in touch at the right time for both of you. ]]> 2021-12-07 10:05:21 UTC https://padlet.com/nilsengels/9r58bsoigw42iv0k/wish/1933151499 https://padlet.com/nilsengels/9r58bsoigw42iv0k/wish/1933169440 If a product is assembled or produced in a country with lower production costs, it enables the company to sell it for a more affordable price. This serves to make products more accessible to more consumers from a wider range of economic backgrounds (See Apple example of outsourcing).]]> 2021-12-07 10:17:33 UTC https://padlet.com/nilsengels/9r58bsoigw42iv0k/wish/1933169440 https://padlet.com/nilsengels/9r58bsoigw42iv0k/wish/1933171981 As a small business, outsourcing allows you to get more done and trust important tasks and processes to professionals, without having to actually grow your full-time team in a significant way, saving costs and time. ]]> 2021-12-07 10:19:21 UTC https://padlet.com/nilsengels/9r58bsoigw42iv0k/wish/1933171981 https://padlet.com/nilsengels/9r58bsoigw42iv0k/wish/1933176191 Accounting is one of the most common areas where small businesses choose to outsource. By hiring a professional accountant to manage this aspect of running a business, companies (small businesses in particular) increase efficiency and saves money in the long run.]]> 2021-12-07 10:22:21 UTC https://padlet.com/nilsengels/9r58bsoigw42iv0k/wish/1933176191 https://padlet.com/nilsengels/9r58bsoigw42iv0k/wish/1936125570 ... bought and employed companies, such as:

• Instagram ($1 billion)
• WhatsApp ($19 billion)
• Oculus VR ($2 billion)

]]> 2021-12-08 15:25:35 UTC https://padlet.com/nilsengels/9r58bsoigw42iv0k/wish/1936125570 https://padlet.com/nilsengels/9r58bsoigw42iv0k/wish/1936495221 As an example the decreasing know-how companies]]> 2021-12-08 18:03:21 UTC https://padlet.com/nilsengels/9r58bsoigw42iv0k/wish/1936495221