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Freelance & Outsourcing Industry: Difference between revisions
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* 34% have cut salaries in the past 3 months; nearly 1 in 10 reduced ALL employees’ salaries | * 34% have cut salaries in the past 3 months; nearly 1 in 10 reduced ALL employees’ salaries | ||
=== Past Recession Behavior === | |||
* Over half of the companies in the outsourcing market saw increased contract renegotiations in 2009, primarily caused by the recession<ref>https://gaprivacytech.org/journal/trends-in-outsourcing-emerging-from-the-great-recession</ref> | |||
* Many companies put outsourcing plans on hold and re-negotiated existing contracts with outsourcing providers at lower prices, in exchange for contract extensions and other trade-offs, such as adjustments to service levels. | |||
Benefits outourcing during a recession:<ref>https://appinventiv.com/blog/why-outsource-during-recession/</ref> | |||
* Can be cost-effective: As opposed to the in-house team, outsourcing in recession times allow businesses to reduce costs for activities and duties that do not need a full-time team | |||
* Can provide necessary benefits to employees | |||
* Can improve efficiency in terms of productivity | |||
* Helps eliminate over-work for employees | |||
== References == | == References == | ||
<references /> | <references /> | ||