Types of Outsourcing

When you think of outsourcing you generally think of the companies that outsource their call centers, and customer service to other countries. But with technology today and companies looking to cut costs across the board, all parts of the business process are now being outsourced. Below you will find a few of the different types of outsourcing that are becoming more popular.

1. B.P.O: This is an abbreviation for business process outsourcing. This is also a very common term and most of the people know about it by now. Back office operations are performed by Countries like India, China, and Philippines for the major corporations based in Europe and America. This involves data entry, employee payroll and voice calling, thus termed B.P.O.

2. H.R.O: This term stands for Human Resource Outsourcing. It is being estimated that H.R.O may be the next big industry in the Asian market. H.R.O involves many activities like training employees and freshers, administrating benefits, travel and expenses management, payroll and risk management, compensation consulting, etc. Companies are having HR outsourced so that they can focus on their core competency.

3. R.P.O: the term is an abbreviation for Research process outsourcing. The biotechnology industries have been outsourcing their R&D work. India is one of the major countries where the research work is outsourced. This is again because of the dollar rupee ratio. India may have an edge over others because of the professionals it has who work at lesser salaries than their western counterparts.