Outsourcing is a rather new entrant into the English vocabulary. In fact most languages on the globe now carry the phrase without caring to find a substitute in their own mother tongues. It is a term coined by the sphere of business that was compelled to scrounge for labor outside their geographical boundaries. Outsourcing simply means to arrange to have any particular work of an organization done by outside labor instead of hiring or employing their own work force to do the same. Outsourcing has had its effect on many socio-economic realms resulting in a fierce debate for and against outsourcing. The GDP of many nations now depend on outsourcing and the recent economic slump had its toll on the industry forcing many majors to go for outsourcing rather than to maintain a fleet of permanent employees.
Corporate bodies have taken the trend in good stead to get over the financial slug. They have turned the tide in their own favor by taking advantages of the opportunities that the field presented for good management of resources. The advantages that the outsourcing process presented include:-