FOR EMPLOYERS

How Can You Manage Hidden IT Outsourcing Cost?

How Can You Manage Hidden IT Outsourcing Cost?

Author

  • Pranav Surendran

    Pranav Surendran

    Pranav Surendran is a final-year IT engineering student who has an undying passion for writing and exploring concepts, be it technical or non-technical. Pranav loves to talk about things that fascinate him, be it books, movies, animes, and anything in between.

Frequently Asked Questions

The key costs that you would need to handle during outsourcing include:

  • Cost of hiring
  • Cost of creating outsourcing contracts
  • Cost of transferring knowledge
  • Cost of server management

Hidden costs are costs that you previously never foreseen while hiring an employee. They can be minor expenses or major ones, however, they typically add up over time. The hidden costs are usually paid by the company that hires talents!

Various examples of hidden outsourcing costs include advertising costs, in-house recruiters' salaries, third-party recruiter fees, travel expenses, sign-on bonuses, and employee referral bonuses.

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