Online Outsourcing Income and Unemployment

Outsourcing is a business process where a company or an individual hires another company or individual outside its operation area to avail of different specialized services. Outsourcing occurs like domestic and foreign contracting for financial savings through lower foreign labor rates to attain higher productivity and profitability. It reduces capital and operating expenses due to less hiring resources. Call center outsourcing, Data Entry; Computer-aided design, Graphic designs, 3D animations, Web service and development, IT outsourcing, etc., are the major sectors in online outsourcing income. India, China, the Philippines, Singapore, Bangladesh, and much more are the leading countries providing outsourcing services. If a jobless person occupies in online outsourcing, income and unemployment can be removed in many cases.

Best Online Outsourcing Income Opportunities

There are some excellent opportunities for online outsourcing income, and they are as under:

  • Become a Webmaster: It is to create a content-based website.
  • Become a Writer: It is to get paid to write.
  • Learn to Sell Online: It is to sell items online.
  • Do Paid Surveys: It is to participate in paid surveys online.
  • Get Paid for Online Freelance Work: It is to work as an independent contractor.

The most necessary thing in online outsourcing successfully is to know what we want to do. One cannot understand our vision if we do not tell what our vision is.

Online Outsourcing Income in Bangladesh

Bangladesh is now a most developing and emerging country, along with its capabilities and resources. The economic development is mostly contributed by some significant factors like foreign remittances from human resources abroad, RMG sector, exporting leather, tea, jute, sea fish and shipbreaking, etc. Besides, many other factors affect the development of the economy and infrastructure like political unrest & instability, poverty, crime & corruption, education system, law & order situation, etc. Unemployment is one of the essential problems in Bangladesh. Among the above, online outsourcing income plays a significant role in developing our economy in recent trends, and Bangladesh is increasing in this sector. The primary reasons are as follows:

  1. Availability of low wages, human resources
  2. A close cultural fit and adaptability
  3. Close employment law
  4. Data and intellectual security
  5. Lower tax rate than others
  6. Flat production rate
  7. Availability of required skills, etc.

Online outsourcing is now the most popular profession on the internet. Many employed and unemployed peoples are engaged in online outsourcing as a profession, like a freelancer, day by day. Now online outsourcing income recurrently solves the unemployment problems accordingly. Many of them involved a different type of activity and the teaching profession for online outsourcing income. There are nearly about 1 Lac freelancers of Bangladesh who are outsourcing jobs worldwide, engaging with Bangladesh’s online revenue, and reducing unemployment with extensive records. The accumulated online earnings of Bangladesh are about one crore BDT per day from different outsourcing marketplaces.

‘Learning and Earning Program’ for Outsourcing Income

The government implemented the ‘Learning and Earning Training Program’ in the whole country to popularize the opportunities and scopes of online outsourcing for earning foreign currency more and more (Ref. Reports BSS). This program covered two basic training phases: a two-day training held in 62 districts and skill training, a five-day training in 55 regions to create IT, skilled people.

Online Outsourcing Way in Bangladesh Vision & Mission in A21 Program

Reduction of unemployment and poverty by creating employment and developing human resources is a vision of the online outsourcing way to generate job opportunities and develop a skilled and semi-skilled workforce as outsourcing is an attractive profession on the internet to earn foreign currencies help make the vision 20-21 successful. Students, unemployed and other literate labor, intelligent women, and professionals are very much concentrated in these programs and view who earn and play a vital contributor for themselves and the economy.

Related: Outsourcing in Bangladesh

Effects of Outsourcing Income on Unemployment

There is a direct impact of outsourcing income on an economy and urban unemployment. The rural wage rate is increased, and the level of unemployment in urban areas is decreased by outsourcing without domestic production. On the other hand, the agricultural wage rate is reduced, and the degree of unemployment in urban areas is increased by outsourcing with domestic production. Sometimes employees use to leave old jobs for new ones and quit employment; it could cause unemployment.

online outsourcing income and unemployment

A few days back, Bill Gates, chief of the worlds’ biggest Software Development Company, visited Bangladesh and gave a positive signal to the other nations that Bangladesh is becoming an emerging online outsourcing destination. It can be a broader opportunity for us to build an independent professional of online outsourcing income. It reduces the large portion of unemployment in our country. In contrast, the graduate unemployment rate increases daily because its education system is not consistent with the job market. Hence, we should actively concentrate on the online outsourcing professions and reduce our unemployment problem through online income.

End Remarks regarding online outsourcing income in Bangladesh

Bangladesh’s online outsourcing income is now holding the 3rd position globally, just behind the Philippines and India. The awareness and consciousness about the online income through outsourcing as a profession increases and spreads day by day and the tremendous growth rate. The major drawbacks are a lack of proper guidance, publicity and awareness, technological advancements, slow internet bandwidth, etc. Proficiency in the English language is also a significant problem for many Bangladeshi freelancers. They are more expert to work efficiently rather than to communicate with the client. The reason behind that the customers speak English, and they use to take the interview or communicate via phone or Skype. That’s why we must strengthen our ability to speak in English upon start on online outsourcing income. It has enormous potential for significant online Freelancing earning and unemployment growth in Bangladesh. So, it is time to promote Bangladeshi talented unemployed people to participate more in this sector and support them in achieving the required competencies in that area of expertise. Bangladesh Government should take the proper and justified initiatives to ease online outsourcing, particularly in network building, telecommunication, power supply, etc. Then we can achieve the 1st position of online outsourcing in the world.