Is outsourcing data entry cheaper?

Yes for sure, outsourcing data entry is cheaper and it gives sometime a chance for new people who never were able to come and work in house to show their ability and good work.

However, like everything else in life, there are good points as well as negative points to this way of work.

The good positive points diffenitaly are cost saving salaries and the employer gets a good amount of wirk done in less time, the bad points however are also:

* Depending of the work required, but sometime, an employer or manager need to spend a good period of time explaining and correcting their outsource on their required work.

* Control of the outsource is not easy and the data worked on is not inhouse either. Sensetive data might not be a good idea than for outsourcing.

Yes outsourcing data entry is cheaper than having it in house. However, if it is an ongoing requirement in the organization it is important to manage it in house so that the organization can scale up or down depending on the need but always retain internal expertise.

It is always much cheaper to outsource data and even better from security level. However, the service provider must be carefully selected and clear SLA must be written.

But very demand in this field

Yes. Because the outsourcing companies are serving many clients and hence they can manage it at acheaper rate. Moreover, it will reduce your company overhead.

Yes It's cheaper and again it depends on what kind of data entry work and which region the job is getting outsourced.

keep your full attention when your are doing work. your should have full and complete data. and you should have full knowledge of computer for exemple your typing speed should be very good

The answer would be YES and NO on a case to case basis depending upon :

a) Volume of data entry - More volume YES - Less volume NO unless it can be merged with an existing setup

b) Outsourcing from a place where the staff expenses are high to low cost countries - YES.

Prerequisites - Technology to transfer work, language skills in outsourced country, IT infrastructure availibility and stability in outsourced country, availibility of skilled workers, attrition rates etc etc

c) Business concerns to be taken care of  : Data entry error levels, turnaround times, different time zones, handling error levels, ongoing training,  process / procedure changes implementation, data security, backup plans, risk mitigation,  etc

Whilst it is very easy to sell outsourcing to the management in the light of financial benefits from business, compliance,  operations point of view it is not as straightforward as it seems when it comes to implementation and ongoing maintenance.

yes of course data out sourcing is very cheaper for example one company needed to prepare for salary in month end, that company does not want to take risk, so they given to 3 party for prepare the employee paylips instead of preparing pay slips in own, so data outsourcing is very much essential for cost cutting.

It can be.  Labour arbitrage can usually save money in outsourcing data entry.  However, the bigger, better question to ask is why do you need to (manually) enter so much data.  A better answer to outsourcing data entry is to automate it through different data collectors.  These can be control devices, monitoring software, mobile apps, electronic polls, electronic forms, etc 

Both yes and not. If law of the countries are strict conformed to employmet and salaries are very high the the short term contracts are viable and cheaper.