Through sheer force of numbers, India has become the leader in outsourcing. It’s no surprise therefore that the game of big data has an Indian flavor to it.
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Why Outsourcing Data Entry to India is a Game Changer- an Overview
1. Why Outsourcing Data Entry To India Is A
Game Changer
Introduction
Virtual Employee is a global staffing platform with clients in over 30 countries across all 5 continents.
Established in the year 2007, the last 11 years has seen the company grow to be almost 900 strong
across 6 locations in US, UK and India. It is now one of the foremost staffing companies globally.
It is ISO 9001-27001 certified and affiliated to the prestigious NASSCOM.
2. The Game of Big Data
Data happens to be the cornerstone of any business- be it manufacturing or digital marketing. The
whole game today is about big data. However, since data entry and processing is extremely resource
intensive, it requires a large infusion of capital, which in turn might hinder one’s capability to do
anything with the data, since over investment in data entry and data processing can take away from the
resource allocation for digital marketing and other more productive services. Hence, it’s always a good
idea to outsource data entry.
How Outsourcing to India Helps
3. India is the foremost destination if one is looking to outsource offshore. The reasons are multiple and
extremely compelling.
1. The cost advantage: Even if one pays minimum wages in the US or UK, the cost per resource
locally is way too much to sustain such an operation in a sustained manner. In India, such a
resource can be hired at as low as one-fourth the cost locally. In plain terms, one needs to pay
for one and hire potentially four employees in the bargain. Have a look at the data provided
below.
STAT India United States United
Kingdom
Australia European
Union
(Belgium)
Labor
force, total
484.34 million
Ranked 2nd.
158.69 million
Ranked 4th.
32.38 million
Ranked 19th
12.01 million
Ranked 43th.
241.08
million
Ranked 3rd.
Salaries
and
benefits
(Hourly
minimum
wage)
$0.61 $7.25
12 times more
than India
$7.81
13 times more
than India
$10.63
17 times more
than India
$11.73
19 times
more than
India
As you can see, the data is ridiculously skewed in the favor of India, when it comes to pricing. Which also
brings us to our next point.
1. The Talent Advantage: While it might be difficult to hire someone for data entry,
especially if one is paying minimum wages, the cost difference between India and the developed
markets allows you to hire offshore employees at locally (relative to India) extremely competitive
and generous rates, while still allowing you to save massively. This opens the door for one to hire
the best available talent locally in India, since for an Indian employee, the remuneration you are
offering is still pretty good.
2. The Numbers Advantage: India is simply massive. She has half a billion that it
can legitimately call her workforce. One of the biggest reasons India has cornered the market is due
to this abundance. The below table helps understand just how far ahead India is globally and the
trust its workforce enjoys.
5. Romania 5.5 6.8 2.7 9,000,000
Latvia 5.4 7 2.7 1,000,000
Vietnam 5.4 7.4 2.5 46,000,000
Ghana 4.9 7.5 0.9 11,000,000
South Africa 4.6 6.9 0.6 17,000,000
Kenya 4.5 6.7 1.3 18,000,000
Senegal 4.3 7.1 0.2 6,000,000
As it is apparent, skill levels, experience, expertise and resource availability are never problems in India.
As someone who is looking for an offshore resource, India presents the only opportunity to actually
have a choice between “the good, the better and the best”
3. The English Advantage: Did you know that India has the second largest number
of English speakers after the US. That means more people speak English in India than UK itself- the
country where the language traces its roots. Although it might seem preposterous, it’s again a pure
numbers game. In terms of representation, the number constitutes only a fraction of India’s
population. However India’s population also happens to be 1.3 billion. On top of that, due to vast
and often extreme diversity in culture, language and dialects (India has 18 official languages and
over 1600 recognized languages and dialects!), English is widely used as a daily medium to
communicate, especially in official capacities. English also happens to be an aspirational language
for India’s growing middle class, who make up the overwhelming majority of the millions of
graduates that India bloods into her workforce every year. And since English is also the most popular
mode of academic instruction, English comes second nature to most educated Indians. This in turn
allows them to interact with a global audience that much more fluidly.
4. The Time Advantage: While most firms operate on fixed business hours locally, the
time zone difference between the US or UK and India ensures that the business, in real terms,
6. operates 16-24 hours a day. This speeds up the process considerably and results in increased
productivity.
5. The Legal Advantage: Outsourcing solves one of the biggest pain points for an
entrepreneur- overaggressive labor laws and the possibility of employee lawsuits. Since you are not
hiring locally, local federal laws do not apply to your offshore employees, who in turn are governed
by laws existing in the country where they are located. On top of that, their HR and necessary
infrastructure is handled by and provided for by the outsourcing partner.
The VE Advantage - ZERO PAIN
VE is the premier staffing platform in India, which in turn is the biggest outsourcing hub globally. It is the
one of the most trusted brands globally especially amongst small and medium enterprises.
ZERO internal hierarchies - Our business model is unique as it allows employees
to be directly part of the clients’ respective teams with no intermediary management.
ZERO recruitment hassles- We are 850 strong and growing. On top of that,
hiring the best possible talent and providing multiple talented options is never a problem. We
hire the very best and brightest.
ZERO long term contracts- It’s a veritable plug and play. Clients have the option
of scaling down with just 5/15/30 days’ notice.
ZERO liability- We do not operate under clients’ local labor laws. Neither are the
employees directly hired by the client. That’s VE’s responsibility.
ZERO management- You do not have to worry about HR, accounts, IT,
infrastructure etc.
ZERO capital costs- No need to invest in offices to main your captive staff. Our
unique business model allows you to work with and monitor the employees directly through
remote access.
7. ZERO data leakage- We sign legal agreements with all our employees to protect
the clients’ data.
ZERO errors- Well almost. We meet 99.5% accuracy in SLAs. The global standard is just
94-96%.
VE has a crack team of 55 plus data entry experts with a combined experience of 200 plus years. They
have been certified by the British Council for proficiency. We offer a wide array of services. They are
listed below.