Top 10 Payroll Outsourcing Companies In India
Outsourcing is on the advance for German companies
The frontrunners in outsourcing are telecommunications, IT and media: here four out of ten respondents have already delegated processes to service providers. They consider BPO to be particularly important for corporate success (49 percent). Large companies in particular appreciate the advantages of the BPO: 44 percent of companies with more than 5,000 employees already work with a service provider. No longer just peripheral activities, but increasingly also core processes, as long as they are not decisive for competition. Whether processing expenses, payroll or a variety of administrative tasks, the most popular areas for outsourcing processes are human resources (67 percent) and finance and accounting (54.4 percent).
The most important driving factor when outsourcing processes are cost savings. External service providers can usually provide the tasks more cheaply. Because they bundle the business processes of several customers, simplify and standardize them. The automated processing creates economies of scale that reduce costs enormously. Around 46 percent of companies therefore see potential cost savings as the most important advantage of outsourcing. The associated cost reductions play a major role, especially for companies whose sales have declined in the past year. In total, 43 percent of companies expect BPO savings of more than ten percent.
In addition to many advantages, BPO also harbors risks for companies. Above all, the fear of losing know-how is cited as the main argument against outsourcing business processes: 54 percent of companies are worried about this. Legal restrictions that prevent the transfer of data, the loss of jobs, financial risks or too much effort all play a role with almost 30 percent. Despite the fears, few companies have regretted outsourcing processes. Almost 70 percent of the companies that have opted for the BPO are satisfied. However, there is still room for improvement, especially in large companies. Around 54 percent of companies with more than 5,000 employees are only mediocre or not satisfied with the implementation.
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