How much could your company save by outsourcing and moving some positions overseas? Now you can calculate this figure, quickly and easily, online via this new free calculator.
Too bad this calculator (or any calculator) can't factor in the thousands of "intangibles" and hidden costs of outsourcing. We outsourced one limited digital project for a few months last year. We enjoyed working with the team, but it was a nightmare---"prepping" and ongoing training became a full-time job, and IT issues were another matter. After a few weeks, we longed for a full-time colleague working within our walls and time zone.
Needless to say, outsourcing can and does work. But it shouldn't be seen as a panacea to reduce costs, because it has hidden costs of its own.
