Outsourcing is the subcontracting of an internal work to a third party organization to get the work done quickly and efficiently. The practice of subletting operations to a third party is quite common in the modern economy. The outsourcing comprises both foreign and domestic subletting of a business process, which at times comprises offshoring, means that the work is being transferred to another country. Many big companies in developing nations outsource their work to third party organizations in developing nations, for it helps in cutting down the expenses by a huge margin. Following are some of the main reasons for outsourcing work to a third party organization:
