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Creating an effective work environment in the outsourcing industry

 
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Change management: A key to successful outsourcing
The right outsourcing consultant can be invaluable
Tech transformation and F&A sourcing options
Making outsourcing relationships work


Change management: A key to successful outsourcing TOP

According to the TPI Prevalence Database, nearly 100 organizations have established multi-process HR outsourcing relationships. The database tracks the utilization of outsourcing on a function-by-function basis among large organizations.

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The right outsourcing consultant can be invaluable TOP

The relationship a company has with its outsourced consultant relationship is a strategic one that is often based on trust and the potential for a long-term fit -- making the right selection critical. After all, you are putting your company in the hands of your consultant. That is why the goal in selecting a consultant is not finding the right price; it is finding the right partner.

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Tech transformation and F&A sourcing options TOP

The next three years will witness significant developments in the evolution of FAO solutions, marked by the industry expanding in a rapid-growth cycle and a 30-percent increase in multi-process FAO contracts(1) expected this year. Customer requirements are quickly expanding beyond traditional cost reduction, and multiple accounting processes are being integrated under a single supplier to achieve top-line growth and cost efficiencies.

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Making outsourcing relationships work TOP

Why do some outsourcing relationships shine and others fail miserably? Like the ineffable search for the formula for the perfect marriage, that seems to be outsourcing's million dollar question. A new study by Capgemini and CFO Research Services produces a blueprint for successful outsourcing efforts. It dissected the relationships that fell apart and spotlighted those that produced stellar results. And then it listed nine action points if you want your outsourcing relationship to hit a home run.

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Think Tank

Creating an effective work environment in the outsourcing industry



TOP


In today's marketplace, outsourcing organizations compete not just on productivity, but on knowledge, service, and organizational responsiveness. To survive, they need to be “fast, flexible, focused, friendly and smart. Creating such an environment requires the know-how to create an organizational culture that brings out the best in people. The longevity & enthusiasm of a trained human resource impacts efficiencies and service quality. This ensures that training investments yield more value to the outsourcing company’s customers. All high performance organizations recognize that their culture is their “secret weapon” - the fertile soil from which excellence naturally grows.

To establish and nurture an environment that rewards both adherence to demanding performance metrics and strong, shared organizational values, we have to hire, develop, retain, and utilize not just our best and brightest employees, but all our employees. Competitive advantage depends far more on the knowledge, capabilities, and commitment of people throughout the organization — not only top managers or star performers. “Our people are our most important assets” isn't an assertion to be put in an annual report or a CEO’s speech, but a bottom line business reality. Organizations cannot provide exceptional service, achieve innovative breakthroughs, or respond rapidly to marketplace changes with an unmotivated, overwhelmed, or burned out workforce.

Creating this high performance environment where people feel challenged, excited and trusted, are able and willing to take risks and are rewarded for improvements, and know that results are celebrated, often requires flexibility within established working practices and behavioral changes. We can initiate this process by adhering to a few basic steps:

  • Make our organization worthy of pride and passion by our employees based on what we do and, more importantly, how we do it
  • Treat employees like valuable players - involve them, give them power and the information to be actively involved in making a difference to the organization
  • Let employees specifically understand what is expected of them, what equals a job well done and how they should contribute and create value. Facilitate a culture of learning and innovation
  • Provide them with regular and periodic feedback on how they are doing rather than only at the time of their performance appraisal. Consolidate talent and create in-house leaders
  • Reward employees for the value they create and not just for being there. Provide them opportunity for career growth and skill enhancement
  • Build an emotionally safe organizational climate, so that employees are stress free. Ensure that they have an adequate balance between their personal and professional lives
  • Above all, treat the employees the way we want them to treat our company's customers

Creation of this corporate environment will ensure that the employees are full of enthusiasm & creative energy. They will want to do well; they will want to excel; and they will be delighted to “go the extra mile” for the company and its customers.

Dr. Nirja Sharma
The author is the Director of Human Resources at Motif, Inc., a specialized BPO (Business Process Outsourcing) company providing back office transaction processing services which require decision making and personalized email response services to Fortune 500 clients with a five plus year track record of 100% client retention. Motif was ranked amongst the 'Top 10 BPO companies to work for in India' by IDC-DATAQUEST in their Employee Satisfaction survey, for the years 2004 and 2005. 
(www.motifinc.com)

  

About Motif

Motif, Inc. is a specialized business process outsourcing company serving Fortune 500 clients. Motif has demonstrated expertise in rules based back office transaction processing, which involves decision making and personalized customer support services. Our services include Shareholder services, Financial services - 401(k) Reconciliation services, HR services - Benefits administration and Retirement services, eCommerce Customer Support services, Mortgage services and  Internet Research & Analysis.
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