How Can You Manage Hidden IT Outsourcing Cost?

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.