Benefits of Outsourcing your Business functions to Nepali companies

Nepal has one of the lowest labor costs in the world, making it a very attractive destination for businesses looking to save money on their outsourcing costs.

Nepal is a landlocked country in South Asia, bordered by China to the north and India to the south, east, and west. It is a popular tourist destination, known for its stunning mountain scenery, rich culture, and ancient temples. Nepal is also a growing destination for outsourcing, particularly in the IT and BPO sectors.

There are many benefits to outsourcing to Nepal, including:

    • Cost savings: Nepal has one of the lowest labor costs in the world, making it a very attractive destination for businesses looking to save money on their outsourcing costs. The average monthly salary for a Nepalese employee is around $400, compared to over $1,000 in the United States.

    • Skilled workforce: Nepal has a large and growing pool of skilled workers, particularly in the IT and BPO sectors. Many Nepalese workers have a good education and are fluent in English.

    • Favorable time zone: Nepal is in the GMT+5:45 time zone, which is just 10.5 hours ahead of the Eastern Time Zone in the United States. This makes it easy for businesses to collaborate with their outsourced teams in Nepal.

    • Political stability: Nepal has been a stable democracy for over two decades, providing a safe and secure environment for businesses to operate.

    • Government support: The Nepalese government is supportive of the outsourcing industry and has taken steps to make it easier for foreign businesses to operate in Nepal.

In addition to these general benefits, there are also a number of specific benefits to outsourcing specific types of work to Nepal. For example:

    • IT outsourcing: Nepal is a popular destination for IT outsourcing, particularly for software development, web development, and mobile app development. Nepalese IT workers have a strong reputation for their skills and expertise.

    • BPO outsourcing: Nepal is also a popular destination for BPO outsourcing, particularly for customer service, back-office processing, and technical support. Nepalese BPO workers are known for their excellent communication skills and their ability to provide high-quality customer service.

    • Other types of outsourcing: Nepal is also a good destination for other types of outsourcing, such as accounting, legal services, and marketing.

Here are some specific examples of how businesses have benefited from outsourcing to Nepal:

    • A US-based software company saved 40% on its development costs by outsourcing its software development to Nepal.

    • A UK-based bank saved 20% on its customer service costs by outsourcing its customer service to Nepal.

    • An Australian accounting firm increased its efficiency by 30% by outsourcing its accounting tasks to Nepal.

If you are considering outsourcing your business, Nepal is a good option to consider. It offers a number of benefits, including cost savings, a skilled workforce, a favorable time zone, political stability, and government support.

Benefit of Outsourcing | Bhrikuti Advisors

 

How to choose a reliable outsourcing partner in Nepal

When choosing an outsourcing partner in Nepal, it is important to consider the following factors:

    • Experience: Choose a partner with experience in providing the type of services you need.

    • Reputation: Do some research to find a partner with a good reputation.

    • References: Ask for references from other businesses that have used the partner’s services.

    • Communication: Make sure you can communicate effectively with the partner’s team.

    • Contract: Have a clear and concise contract in place that outlines the scope of work, pricing, and payment terms.

Tips for successful outsourcing to Nepal

Here are some tips for successful outsourcing to Nepal:

    • Set clear expectations: Make sure you have a clear understanding of what you expect from your outsourcing partner.

    • Provide clear instructions: Provide your outsourcing partner with clear and concise instructions for the work you need them to do.

    • Be responsive: Be responsive to your outsourcing partner’s questions and requests.

    • Build a relationship: Get to know your outsourcing partner’s team and build a relationship with them.

    • Monitor the work: Monitor the work of your outsourcing partner and provide feedback as needed.

By following these tips, you can increase your chances of success when outsourcing to Nepal.

Conclusion

Outsourcing to Nepal can be a great way for businesses to save money, improve efficiency, and gain access to a skilled workforce. When choosing an outsourcing partner in Nepal, it is important to consider the partner’s experience, reputation, references, communication skills, and contract terms. By following the tips above, businesses can increase their chances of success when outsourcing to Nepal.