The practice of this extensive outsourcing has led to some interesting changes and relationships with the new global business model. Let’s take a look at some recent outsourcing stats.
General Outsourcing Stats and Facts 2023
Outsourcing Pros and Cons Statistics 2023
61.1% of those companies had plans of moving to implement some outsourcing. Of the smaller companies polled that are 1,000 to 10,000 workers, about 51.6% planned on outsourcing.
Small Business Outsourcing Statistics 2023
HR Outsourcing Statistics 2023
45% is consulting 36% is benefits administration 24% is a time tracking 19% is insurance services 10% is performance management
Outsourcing Trends 2023
What percentage of work is outsourced?
It’s difficult to calculate the exact percentage, but to give an idea of the extent; in the U.S. 68% of businesses outsource their work.
Which industry outsources the most?
IBM is the company that outsources the most in the world IT is the most outsourced industry as every company requires it
How many jobs have been lost to outsourcing?
Since 2001, 560,000 jobs have been lost in California to China alone In 2018, 14.4 million workers were hired by US overseas affiliates
How much do companies save by outsourcing?
On average, by outsourcing, a business can save up to 15% of its average budget.
Conclusion
As the world adjusts to remote work that requires more technical support we will continue to see a rise in outsourcing, especially since this global economy is becoming more interdependent. About
