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OUTSOURCING TRENDS
WHAT IS OUTSOURCING?
Outsourcing is a process that allows businesses to shift
the added burden or pool of tasks or specialized tasks
to remote workers, such as freelancers. The main
reason for outsourcing is to reduce costs, improve
efficiency and increase the quality of services offered.
POPULAR OUTSOURCING
MARKETPLACES
Upwork is a global freelancing
platform that allows clients to hire
any sort of freelancer they need,
from web developers to writers,
content creators and much more.
While there are many similar sites
to choose from, Upwork comes
out on top as the most popular.
Freelancer is one of the world’s
largest outsourcing marketplaces
where businesses and
independent professionals
connect and collaborate
remotely. Freelancer has over 20
million registered users spanning
over 190 countries.
TaskShift is one of the fastest
growing global outsourcing
marketplaces that helps
businesses find top quality talent. It
is an innovative marketplace that
focuses on quality and reliability
while providing clients with access
to top talent at affordable rates.
Fiverr is one of the most popular
outsourcing marketplaces on the
internet today. It has become a
go-to resource for individuals
looking to outsource work at a low
cost. With over 3 million active
users from 160 countries, Fiverr is
an established platform for
outsourcing freelancers.
OUTSOURCING TRENDS IN 2022
Demand for Freelancers Will Increase
For the past few years, it’s become a common trend to
outsource some of your work to freelancers in order to
achieve your goals. Freelance workers are cheaper, more
available and easier to manage than full-time
employees.
The trend is set to continue well into the future. Global
outsourcing market is expected to grow at a compound
annual growth rate of 6.7% between 2017 and 2022. The
worldwide online outsourcing market is expected to grow
from $26 billion in 2016 to $34 billion by 2022.
OUTSOURCING TRENDS IN 2022
More Businesses Will Use Freelance Workers
The number of companies that will use freelance workers in 2022 is expected
to increase. It has grown by 28% since 2016 and is expected to grow even
further in the future.
Businesses can now work with freelancers around the globe to create great
projects without having to set up a large team. With the rise of online
platforms, businesses can hire freelancers on a project-by-project basis.
Freelance workers are convenient for employers because they don’t have
to provide them with an office space or pay their benefits. They also save
money because they only need to hire freelancers when they need to
complete a specific project. Freelancers are just as happy, since they can
work from home or anywhere else they want as long as they have access to
the internet.
OUTSOURCING TRENDS IN 2022
More People Will Join the Freelancing Gig Economy
The freelance economy will continue to boom in the coming
years. Freelancers are not only making up a bigger
percentage of the workforce but also bringing in more money.
In fact, the number of freelancers is expected to grow by 20%
in 2022.
There are several reasons for the growing number of
freelancers over the past few years. First, the economy is
getting better and more people have started working from
their home offices. Secondly, more people are choosing
freelance work because of flexibility and freedom. Thirdly, it's
easier to find freelance jobs online today than ever before.
OUTSOURCING TRENDS IN 2022
Shift Towards Remote Work
Outsourcing is a trend that has grown over the past two
decades and will only continue to do so in the upcoming
years. Today, companies are starting to move away from
hiring full-time workers and are moving towards hiring
remote worker from other countries.
With the use of technology, it is now easier than ever for a
company to hire someone who lives thousands of miles
away. A company can communicate with a remote
worker through email and video conferencing. This
process allows companies to hire more people in less time
and gives remote workers the ability to work from
anywhere around the globe.
ADVANTAGES OF OUTSOURCING
Outsourcing is a simple way to keep your business
running smoothly. There are many benefits to
outsourcing some of your business tasks, including
reduced costs, better quality control, more time to
focus on core services and growth opportunities.
Outsourcing is an essential component of growing a
successful business. Some business owners outsource
for cost-cutting purposes, others simply want to focus
on their core businesses and outsource non-core
activities. In either case, outsourcing allows business
owners to unlock the potential of their workforce.
FACTORS THAT AFFECT THE
OUTSOURCING TREND
Expertise
One of the key reasons that companies are now
outsourcing a lot of their work is the lack of expertise
in-house. It’s only natural for companies to look for
the best resources and experts out there in order to
get the job done.
For example, if a company doesn’t have a team that
can develop a seemingly simple app, they can
outsource it and work with freelance developers or
designers who have already built hundreds of apps.
FACTORS THAT AFFECT THE
OUTSOURCING TREND
Scalability
With so many people willing to outsource their jobs and others
willing to take on outsourced projects from anywhere in the
world, why is this trend continuing to grow? The answer is
simple: Scalability .
It’s all about scalability. An organization can only scale so far
with its current workforce. Businesses are increasingly turning to
offshore outsourcing because of the increased demand for
scalability and flexibility.
Businesses can increase their capacity without investing in
additional infrastructure or hiring new employees by
outsourcing non-core processes to freelance specialists.
FACTORS THAT AFFECT THE
OUTSOURCING TREND
Agility
Businesses are constantly evolving, and technology
has given companies more and more reasons to
outsource. Agility is the top reason businesses use
outsourcing.
Agility allows a company to get work done quickly
without having to hire every single person they need.
This gives them the ability to change gears more
quickly than other companies who can’t afford to
outsource.
FACTORS THAT AFFECT THE
OUTSOURCING TREND
Professionalism
Outsourcing business functions to countries with lower
wages is a strategy that has been used by large
companies for decades. In the past, businesses
outsourced only non-core functions; however, today's
businesses are outsourcing everything from
manufacturing to IT support. A primary driver behind
this trend is an increased demand for professionalism
in corporate culture.
FACTORS THAT AFFECT THE
OUTSOURCING TREND
Are You Ready to Outsource?
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Outsourcing trends.pptx

  • 2. WHAT IS OUTSOURCING? Outsourcing is a process that allows businesses to shift the added burden or pool of tasks or specialized tasks to remote workers, such as freelancers. The main reason for outsourcing is to reduce costs, improve efficiency and increase the quality of services offered.
  • 3. POPULAR OUTSOURCING MARKETPLACES Upwork is a global freelancing platform that allows clients to hire any sort of freelancer they need, from web developers to writers, content creators and much more. While there are many similar sites to choose from, Upwork comes out on top as the most popular. Freelancer is one of the world’s largest outsourcing marketplaces where businesses and independent professionals connect and collaborate remotely. Freelancer has over 20 million registered users spanning over 190 countries. TaskShift is one of the fastest growing global outsourcing marketplaces that helps businesses find top quality talent. It is an innovative marketplace that focuses on quality and reliability while providing clients with access to top talent at affordable rates. Fiverr is one of the most popular outsourcing marketplaces on the internet today. It has become a go-to resource for individuals looking to outsource work at a low cost. With over 3 million active users from 160 countries, Fiverr is an established platform for outsourcing freelancers.
  • 4. OUTSOURCING TRENDS IN 2022 Demand for Freelancers Will Increase For the past few years, it’s become a common trend to outsource some of your work to freelancers in order to achieve your goals. Freelance workers are cheaper, more available and easier to manage than full-time employees. The trend is set to continue well into the future. Global outsourcing market is expected to grow at a compound annual growth rate of 6.7% between 2017 and 2022. The worldwide online outsourcing market is expected to grow from $26 billion in 2016 to $34 billion by 2022.
  • 5. OUTSOURCING TRENDS IN 2022 More Businesses Will Use Freelance Workers The number of companies that will use freelance workers in 2022 is expected to increase. It has grown by 28% since 2016 and is expected to grow even further in the future. Businesses can now work with freelancers around the globe to create great projects without having to set up a large team. With the rise of online platforms, businesses can hire freelancers on a project-by-project basis. Freelance workers are convenient for employers because they don’t have to provide them with an office space or pay their benefits. They also save money because they only need to hire freelancers when they need to complete a specific project. Freelancers are just as happy, since they can work from home or anywhere else they want as long as they have access to the internet.
  • 6. OUTSOURCING TRENDS IN 2022 More People Will Join the Freelancing Gig Economy The freelance economy will continue to boom in the coming years. Freelancers are not only making up a bigger percentage of the workforce but also bringing in more money. In fact, the number of freelancers is expected to grow by 20% in 2022. There are several reasons for the growing number of freelancers over the past few years. First, the economy is getting better and more people have started working from their home offices. Secondly, more people are choosing freelance work because of flexibility and freedom. Thirdly, it's easier to find freelance jobs online today than ever before.
  • 7. OUTSOURCING TRENDS IN 2022 Shift Towards Remote Work Outsourcing is a trend that has grown over the past two decades and will only continue to do so in the upcoming years. Today, companies are starting to move away from hiring full-time workers and are moving towards hiring remote worker from other countries. With the use of technology, it is now easier than ever for a company to hire someone who lives thousands of miles away. A company can communicate with a remote worker through email and video conferencing. This process allows companies to hire more people in less time and gives remote workers the ability to work from anywhere around the globe.
  • 8. ADVANTAGES OF OUTSOURCING Outsourcing is a simple way to keep your business running smoothly. There are many benefits to outsourcing some of your business tasks, including reduced costs, better quality control, more time to focus on core services and growth opportunities. Outsourcing is an essential component of growing a successful business. Some business owners outsource for cost-cutting purposes, others simply want to focus on their core businesses and outsource non-core activities. In either case, outsourcing allows business owners to unlock the potential of their workforce.
  • 9. FACTORS THAT AFFECT THE OUTSOURCING TREND Expertise One of the key reasons that companies are now outsourcing a lot of their work is the lack of expertise in-house. It’s only natural for companies to look for the best resources and experts out there in order to get the job done. For example, if a company doesn’t have a team that can develop a seemingly simple app, they can outsource it and work with freelance developers or designers who have already built hundreds of apps.
  • 10. FACTORS THAT AFFECT THE OUTSOURCING TREND Scalability With so many people willing to outsource their jobs and others willing to take on outsourced projects from anywhere in the world, why is this trend continuing to grow? The answer is simple: Scalability . It’s all about scalability. An organization can only scale so far with its current workforce. Businesses are increasingly turning to offshore outsourcing because of the increased demand for scalability and flexibility. Businesses can increase their capacity without investing in additional infrastructure or hiring new employees by outsourcing non-core processes to freelance specialists.
  • 11. FACTORS THAT AFFECT THE OUTSOURCING TREND Agility Businesses are constantly evolving, and technology has given companies more and more reasons to outsource. Agility is the top reason businesses use outsourcing. Agility allows a company to get work done quickly without having to hire every single person they need. This gives them the ability to change gears more quickly than other companies who can’t afford to outsource.
  • 12. FACTORS THAT AFFECT THE OUTSOURCING TREND Professionalism Outsourcing business functions to countries with lower wages is a strategy that has been used by large companies for decades. In the past, businesses outsourced only non-core functions; however, today's businesses are outsourcing everything from manufacturing to IT support. A primary driver behind this trend is an increased demand for professionalism in corporate culture.
  • 13. FACTORS THAT AFFECT THE OUTSOURCING TREND Are You Ready to Outsource? Sign up for TaskShift