Types of BPO

Business process outsourcing has two main areas of work: Back-office functions and Front-office functions.


Back-office functions

These can sometimes include internal process within an organization like

  • Accounting
  • Information technology (IT) services
  • Human resources (HR)
  • Quality assurance 
  • Payroll


BPO contracts can involve outsourcing an entire functional area, like an HR department, to a single vendor or might outsource certain processes within a functional area like payroll but all other HR processes remains with the organization. 


Front-office functions

Here direct interaction with clients or customers through channels like phone, email or chat. 


Voice Process

Contact with clients or customers over the phone. This can be an Inbound or outbound process. 

Non-voice Process

Contact with clients or customers over Email, Chat or Social media

Processes include: 

  • Customer relations
  • Sales & Retention
  • Technical support
  • Shipping & Logistics
  • Social media Support
  • Online Reputation Management (ORM)
  • IT help desk services
  • Software support

Apart from above mentioned main processes there are other processes like

  • Data entry
  • Data conversion services
  • Bookkeeping services
  • Form processing services
  • medical & legal transcription services.

Outbound process usually include sales or collections. Even though incentives are good here, most prefer inbound processes for stability. 


Types of BPO based on the service provider's location:

Offshore outsourcing: Process outsourced to a company in a foreign country.

Onshore outsourcing: Process outsourced to a company that operates in the same country. 

Nearshore outsourcing: Process outsourced in neighboring countries.

What is Bpo and Why it's a Booming Industry?


BPO is Business Process Outsourcing, where a company contracts some of its business functions to another company so that they can focus on core business functions and reduce costs. 

Other outsourcing include KPO which is Knowledge Process Outsourcing which involves information related business functions like :

  • Data Analysis and Interpretation
  • Financial and Investment research
  • Research & development

While in LPO leagal processes are outsourced. 

Market

BPO is one of the fastest growing industries over the globe 

BPOs in India are at the dawn of growing rapidly and is one of the most favored industry of nation.

While the economy is recovering from the age of pandemic, BPO sector is expected to grow at phenomenal rates  & hence there will also be a steady demand for these careers

The global BPO market size was estimated at $232 billion in 2020 & with a sluggish growth of $245 billion in 2021 & is expected to reach $435 billion by 2028.

While BPO in India is set to grow at a compound annual growth rate (CAGR) of 8% year on year.

While BPOs in India handles around 56% of the world's business process outsourcing, the demand for BPO services has been growing at an annual growth rate of 50%.

IT & BPO sector is expected to add another 3.8 laks employees this year taking it closer to 5million total workforce by the year.



Types of BPO

Business process outsourcing has two main areas of work: Back-office functions and Front-office functions. Back-office functions These can s...