Research conducted by the International Data Corporation (IDC) indicates that the role the Human Resources and Financial sectors play are becoming increasingly complex, and is thus sparking a need for outsourced services. New technologies, globalisation strategies and lack of a skilled employee pool are some of the factors complicating these roles, IDC says, and many companies are outsourcing some of their functions to help deal with these challenges.
Further research on the benefits of outsourcing abounds and has been conducted by companies like the Gartner Group, the Bureau of National Affairs and Accenture. In the recent Accenture survey of more than 800 executives in the US and Europe, 86% said outsourcing gives them more control over business results in a variety of critical areas, the most important being the ability to plan. According to a leading Accenture partner, “Industry leaders are beginning to view outsourcing as a prescription for change versus an antidote to rising costs.”
to Gartner Research conducted in 2003, the “out” in outsourcing is to
be replaced by “strategic” as the nature of business evolves to meet
an ever-faster changing pace.
Benefits of strategic sourcing through TPB include:
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