Outsourcing is a technique in which a company outsources, or hires another company to do its jobs that are not related to its core areas of competence. Jobs that are normally outsourced are after sales service support, and technological support.
The main goal of outsourcing is to reduce the cost associated with such activities. Countries like India and other countries of South-East Asia. The main reason is that the cost of training and maintaining labor in developing countries like these are much less compared to what they’d be needed to be paid in developed countries. In addition, they also help in generating large amounts of revenue for the country where the business is outsourced to. Industries such as these employ a large number of otherwise unqualified people.
