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by Rajen Kumar
No Escaping Social Media
Running a magazine concentrating on issues of small and medium enterprises and managing with limited resources is a like living life on the edge. In this rush of meeting deadlines,...
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Apr 2012EMRC, Brussels Associates with SME WORLD as its New Media Partner
EMRC has promoted business partnerships with the developing world and has organised dozens of business forums in key decision-making cities, such as Amsterdam, Rome,...
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Interviews
Outsourcing Means Importing Best Practice in Cost Effective Ways
SME WORLD Bureau
Apr 2011
Apr 2011
Page 1 of 4
Entrepreneurs often found to be trapped in multiple tasks of their daily business operations and one of them is human resource management. They always have to eye for the right skilled talent that can meet the expectation of the owners. Every entrepreneur wants to retain his best performers but it is getting tougher day by day as the open economy provides more opportunities.
There is a shortage of skilled-professionals for small companies. And who are working in small companies keep on trying to get job in large corporate in greed to get fatter salary. If the company wants to retain their best performers, it has to give fatter salary sometimes while compromising with the budget. In such instances SMEs have two options either to give the desired salary to them or suffer in terms of the productivity due to lesser skilled professional or semi-skilled professionals.
But there could be other options as well and the best one is the Outsourcing. SMEs can outsource their works or requirements to perfectly skilled professionals who can complete it according to the desired quality level within the time-frame. In this way SMEs can import the best practice for their job requirements and of course on lesser cost than employing and retaining a quality professional.
Getting Right Talent
Finding the right candidate could be another problem after deciding to outsource the works to be done in desired quality level. The common questions could be where the skilled professionals can be found, what would be their charges, will they suit the budget for the projects and so on.
Peopleperhour.com could be right platform to find the suitable candidate to outsource the projects. It is a new generation online marketplace matching freelance or self-employed professionals with Job work, usually in small or medium-sized businesses (SMEs). PeoplePerHour.com now has more than 125,000 registered users and has seen more than $40 million worth of work posted on the site in the last 18 months.
The company was started in 2007 and has been growing consistently, unabated by the recession. This growth has been fuelled by companies' need to drive down costs and find more innovative, cost-effective and flexible ways of getting jobs done. The site started with a focus on Admin and Secretarial jobs and following its success quickly grew to cover over 30 categories including IT, Web and Programming, Marketing and Sales, Accounting and Legal and more. SMEs using PeoplePerHour.com have access to a virtual, on-demand, global workforce that enables them to scale up or down as required.
Xenios Thrasyvoulou, Founder and CEO, PeoplePerHour.com in an interaction with SME WORLD discussed about the Outsourcing trends in India and its viability for the SMEs in India.
How can online outsourcing be beneficial for startups? Are the entrepreneurs aware of these benefits?
To get a business off the ground successfully a lot of things need to be brought together and done well. It requires a breadth of skills and expertise which collectively may be unaffordable. Outsourcing - when done right - allows a startup to bring better skills affordably by only getting in expertise on-demand. Also startups benefit from knowledge sharing from other businesses in different countries. The result is 'importing' of best practice in a cost effective manner, something large companies pay huge amounts to management consultants for.
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I was speechless. Rather hesitatingly I asked him, “So, what have you decided, Sominder ?” His reply was curt and candid, “I have told the doctors that I don’t want to live life as dumb. Only...
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