How IT Outsourcing Survived The Economic Slowdown Amid The Pandemic

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When COVID-19 spread across the world last year, many businesses were forced to close and a lot of employees have been laid out. In March 2020, Morgan Stanley forecasted that gross domestic product (GDP) growth would dip to an annualized rate of 2.3% before recovering to 3.1% in the next six months.

On the other hand, in an April 2020 article published by The Economic Times, it says that the world economy would go into recession in 2020 with a predicted loss of trillions of dollars of global income due to the pandemic. With these predictions, COVID-19 was considered as one of the main reasons of economic damage.

Despite these challenges, the IT outsourcing field has survived the crisis and is now fully recovering. Based on the data presented by Fortunly, over 93% of organizations are considering or have already adopted cloud services to enhance outsourcing. According to the most recent offshoring statistics, the IT industry is moving the fastest toward outsourcing service providers.

To support this claim, about 51% of technology executives say that they are outsourcing application and software maintenance services and 40% outsource their data centers. Likewise, more than 44% of chief intelligence officers mention that they are now more likely to hire outsourcing suppliers than they were just five years ago.

Yes, it has been a rough year for most businesses and entrepreneurs. The economic growth is facing lags and strikes. While business sectors have reduced employment cost through mass lay off and shut down, the IT outsourcing services industry remains healthy amid the global crisis. The era of digital advents has yet to come and you must prepare your brand to cope with the endless prospects.

Should You Hire IT Outsourcing Services For Your Business?

To answer your question, “Is it really worth it to outsource these kinds of services?” Well, it still depends on your specific business needs. Make sure that you’ve thoroughly assessed your business operations in all aspects before deciding to outsource. Can your team handle the ever-changing IT upgrades, trends, and systems? If so, then good for your company.

However, if your business is just on the early stage, outsourcing is one of the best approaches for you to be competitive in the market. Certainly, you don’t have yet enough resources and manpower to manage your business’ IT needs and infrastructure. Hence, it’s better to let a team of IT professionals do the job for you.

Related article: Insourcing vs Outsourcing IT Services: Weighing Your Options

programmer handling IT outsourcing services tasks

Tips In Hiring The Best IT Outsourcing Services Company In 2022

If you’re ready to outsource IT services for your business, we’ll now share with you some tips on how to choose and hire the best IT outsourcing services provider this 2021.

1. Conduct An In-Depth Research.

Think of this as hiring job applicants interested to work at your company. Before you call someone for a job interview, you have to review their application document, right? The same goes with the way you look for outsourcing companies. You must take more time to perform some research. Don’t just click the first option recommended in your search engine. Dig deeper.

2. Compile A List Of Qualified Companies And Inquire About Their Services.

After reviewing numerous applications, create a list of shortlisted candidates. From there, invite them for a job interview. Ask questions for you to know if the job seeker possesses the skills and qualifications needed for the position.

As for outsourcing companies, inquire about their services, what technologies they will be using, how long it will take to accomplish the project, and how much the service will cost. These questions will help you identify if they are capable to address your IT needs.

3. Review Their Portfolio To Learn Their Nature Of Work.

As hiring manager, it’s important for you to know what the applicants have done in their previous jobs and the accomplishments they have achieved that could contribute to your company’s success.

On the other hand, whether you are a business owner or an entrepreneur, knowing what kind of projects they have managed, for what industry, and for whom they have worked with is pertinent in making your decision. Their portfolio could help you learn more about their work nature, skills, and strategies that will eventually be part of your business.

4. Perform Cross-Checking Through Their Clients.

Have you conducted a background check on job applicants through their references who can vouch for their qualifications? Well, in outsourcing, it is vital to cross-check the company’s credibility through their clients. Although customer confidentiality matters, it’s still one of the best ways to get to know more about outsourcing service providers.

IT professionals at a BPO at work

Outsource IT Services to Outsource-Philippines

Are you ready to partner with the best IT outsourcing services provider in the Philippines? If you’ve figured out your IT outsourcing needs, you can delegate tasks to us and gain from our resources and team of experts. Moreover, you will have no issues in terms of connectivity, efficiency, and expense, as we will ensure that we have the best outsourcing approach for your needs. Make it easy with Outsource-Philippines! Contact us today—stop worrying, start outsourcing!