ONLINE OUTSOURCING Meaning and
Definition
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Online outsourcing refers to the practice of hiring external individuals or organizations to perform specific tasks or services online, typically through the use of internet platforms or marketplaces. It involves the delegation of work to remote workers who could be freelancers, independent contractors, or even entire companies located in different geographical locations.
This form of outsourcing has gained popularity due to advancements in technology, particularly the widespread availability and accessibility of the internet. It allows businesses and individuals to connect with a global talent pool and access a wide range of specialized skills that may not be available locally.
Online outsourcing covers various types of tasks and services, including but not limited to software development, graphic design, content creation, administrative support, data entry, customer service, and marketing. Companies or individuals seeking to outsource can post job listings or projects on online platforms, review proposals or bids from potential contractors, and select the most suitable candidate based on their skills, experience, and cost-effectiveness.
This method of outsourcing offers flexibility as it enables the hiring party to engage workers on a project-by-project basis, as opposed to traditional employment arrangements. It also provides cost savings through reduced overhead expenses and the ability to source talent from areas with lower wage rates. Additionally, online outsourcing allows for scalability, as businesses can easily scale up or down their workforce according to project requirements.
However, online outsourcing also presents challenges such as managing remote workers, ensuring data security, and maintaining effective communication and coordination. Nonetheless, it remains a significant aspect of the modern economy, providing opportunities for businesses and individuals to access global resources and expertise in a streamlined and efficient manner.
Etymology of ONLINE OUTSOURCING
The word "online outsourcing" is a compound term that combines two distinct words:
1. "Online": The word "online" refers to being connected to or available through the internet. It is derived from the word "line" in the sense of a connected sequence, with the prefix "on-" indicating being connected or available.
2. "Outsourcing": The word "outsourcing" has its roots in the word "source". It refers to the practice of transferring a company's tasks, roles, or processes to an external party or third-party provider. It became prominent in the business world during the 1980s. The prefix "out-" denotes the transfer of these tasks or roles outside of the organization.
Therefore, the term "online outsourcing" combines the concept of transferring tasks or roles to external parties with the utilization of internet connectivity to facilitate those transfers remotely.
