Why Outsourcing Data Entry to India is a Game Changer- an Overview

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.

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

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

Labor force, total

484.34 million Ranked 2nd.

158.69 million Ranked 4th.

32.38 million Ranked 19th

12.01 million Ranked 43th.

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

European Union (Belgium) 241.08 million Ranked 3rd. $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.

Country

Overall Rating Cost Index

Resources / Skills

Workforce

India

7.1

8.3

6

1,430,000,000

Indonesia

6.9

8.6

4.3

1,033,000,000

China

6.4

7

5.6

780,000,000

Bulgaria

6.4

8.8

2.9

3,000,000

Philippines

6.3

9

2.8

39,000,000

Jordan

6.2

7.6

2.7

2,000,000

Singapore

6.5

6.4

5.7

3,000,000

Thailand

6

8.2

2.3

39,000,000

Lithuania

5.9

7

3.9

2,000,000

Egypt

5.8

9

0.9

26,000,000

Malaysia

5.8

7.9

2.2

12,000,000

Estonia

5.8

7.5

5.2

1,000,000

Chile

5.7

7.2

3

8,000,000

Hungary

5.6

6.9

3.4

4,000,000

Poland

5.6

6.1

3.6

17,000,000

Czech Republic

5.6

6.9

3.2

5,000,000

Ukraine

5.5

6.3

3.2

22,000,000

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,

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.

 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.

https://www.virtualemployee.com Breakwater Marketplace, 91 Camden Street, Suite 312 Rockland, ME 04841, USA (+1) 877-697-8006 sales@virtualemployee.com

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