Career in BPO Sector
If you think that BPO industry is all about calling, think again. With so many processes and functions, the Career in BPO Sector is vast. You can get a lot of exposure and you deal with international clients and industries. A good call agent or customer care executive can move up the ladder to become a team leader with his hard work and performance, He can also move ahead to become project leader, project manager, trainer, training manager, compliance, etc. Candidates either Fresher or Experienced can get an excellent job opportunity in BPO Industry. You can also move into other business of the same company. The growth opportunities in Call Center are increasing day by day and large numbers of people are choosing BPO as a Career Option.
BPO refers to Business Process Outsourcing which is actually the practice of using a third party on a contract basis to carry out particular, specific processes on a company’s behalf. Outsourcing has come as a great relief to many organizations because it allows them to focus on their primary purpose. By outsourcing ‘works’ to third party, they manage to save cost and expenditure.
It is common practice among the large multinationals. The biggest beneficiaries of BPO phenomenon are developing countries like India that has good English speaking population. It is a win-win situation for both the contractor and the contracted. BPO industry is of usually two types; front office and back office outsourcing. In last one decade, if there is one sector that has attracted most of the youngsters then it is BPO sector.
Services offered by Indian BPO Companies
Indian BPO companies offer varied services, such as, customer support, technical support, telemarketing, insurance processing, data processing, forms processing, bookkeeping and internet / online / web research.
Customer Support Services: 24/7 inbound / outbound call center services that deal with customer queries and worry through phone, email and live chat.
Technical Support Services: Installation, product support, running support, troubleshooting, usage support and problem resolution for computer software, hardware, peripherals and internet infrastructure.
Telemarketing Services: Interacting with potential customers and creating interest for the customer’s services/ products. Up- selling, promoting and cross selling to existing customers and completing online sales processes.
IT Help Desk Services: Level 1 and 2 multi-channel support, system problem resolutions, technical problem resolution, office productivity tools support, answering product usage queries and performing remote diagnostics.
Insurance Processing: New business acquisition and promotion, claims processing, policy maintenance and policy management.
Data Entry and Data Processing: Data entry from paper, books, images, e-books, yellow pages, web sites, business cards, printed documents, software applications, receipts, bills, catalogs and mailing lists.
Data Conversion Services: Data conversion for databases, word processors, spreadsheets and software applications. Data conversion of raw data into PDF, HTML, Word or Acrobat formats.
Bookkeeping And Accounting Services: Maintenance of the customer’s general ledger, accounts receivables, accounts payables, financial statements, bank reconciliations and assets / equipment ledgers.
Form Processing Services: Online form processing, payroll processing, medical billing, insurance claim forms processing and medical forms processing.
Online Research: Internet search, product research, market research, surveys, analysis, web research and mailing list research.
Average Salary Brackets of Employees in the BPO Industry
Average salary depends on what you are doing. The work can be very basic such as a data entry assistant who commands a lower rate compared to a technical support representative who answers your laptop problems over the phone, or a stock derivative analyst.
For Freshers Graduates:
- Data entry levels such as data entry assistant receive a monthly salary of Rs. 10,000 – Rs. 14,000.
- Call center agents receive a range of Rs. 12,000 – Rs. 18,000 depending on the account. An agent who reads a script, of course, is granted a lower rate compared to one who listens and responds to calls.
- Technical support representatives get anywhere between Rs. 16,000 – Rs. 20,000. Team leaders, on the other hand, receive around Rs. 50,000. The rates differ because of the complexity of the program.
- Performance bonuses which range from 80% to 300% of your monthly salary given either monthly or quarterly.
- Some companies provide tuition reimbursement.
- HMO for their families.
- Competitions and contests which allows you to receive cash prizes, gadgets and others.
- 13th month pay plus other performance bonuses.
The Top Fifteen BPO Companies in India
The top fifteen business process outsourcing companies in India are:
- WNS Group
- Wipro Spectramind
- Daksh e-Services
- HCL Technologies
- First Source
- GTL Ltd
- 24/7 Customer
- Sutherland Technologies
In an encouraging way, now some of the reputed BPO services have collaborated with colleges and universities to proffer courses in BPO. Relatively often, qualified candidates are provided jobs once the course gets over. BPO companies offer excellent working environment. However, workers should be ready for odd work hours. Apart from attractive wages, professionals are also offered excellent benefits. BPO companies provide transport facilities. Youngsters, old people and women are offered equal opportunity in this sector.
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