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Research:
Our
research team works towards gathering and studying trends in the
markets and surveys information to base our business decisions.
Here are the
top 10 reasons why companies outsource
- Harvard
Business Review has identified outsourcing as one of the
most important management ideas and practices of the past 75 years.
- Spending
by U.S. organizations on outsourced business services will triple
from $100 billion to $318 billion.
- Studies indicate
that outsourcing is increasingly viewed positively by executives
and top management alike, at both US and multinational companies.
Empowering
Executives to Outsource:
We conducted
research this year with more than 500 executives and found that:
- One in four
organizations plan to increase their outsourcing spending by 25%
or more.
- Outsourcing
will represent 19.5% of the typical executive's budget, up from
16.4% today.
- Firms in
dynamic markets such as telecommunications, high-tech products,
and professional services, already source more than 40% of their
operations outside.
- Innovation
is now seen as the key strategic benefit of outsourcing.
Top US companies
are turning to business process outsourcing, according to a study
released by Pricewaterhouse Coopers, based on interviews
with senior executives at more than 100 U.S. companies averaging
about $4.4 billion in yearly revenue.
Frequently
outsourced business processes:
| Benefits
management |
51% |
| Payroll |
49% |
| Human resources |
26% |
| Internal
auditing |
26% |
The study defines
business-process outsourcing (BPO) as the long-term contracting
of a non-core business processes to an outside service provider.
For an in-depth
research analysis please contact us at marketing@renisworld.com
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