Outsourcing in Belgium: Let’s find out about outsourcing Human Resources, Marketing Services, Accounting Functions, Artificial Intelligence, and Information Technology in Belgium
It’s the 21st century, and at this point, outsourcing has become a proper part of running a business. No matter if it’s a small or big business, every businessperson is outsourcing his work to some extent. When talking about the outsourcing industry and regions where this trend is skyrocketing, East Asia and East Europe need to come to your mind. And in Eastern Europe, Belgium is one of the biggest players in the industry. Business Process Outsourcing market of Belgium is at its peak right now.
Only in 2023, the revenue of just Belgium is expected to reach US$2.3bn by the end of the year. If you don’t know if it’s a big amount, we are glad to tell you that this is one of the best in the world.
So, what’s stopping you from jumping into the billion-dollar industry?
If you are tangled between countries, it’s normal, but by the end of this article, you’ll opt for Belgium, no matter if you belong to HR, IT, AI, Marketing, or accounting industry.
So, let’s prove the power of Belgium:
An Overview of Outsourcing in Belgium
Due to several reasons, including the prime location of Belgium, it’s already one of the business hubs (not just of Europe) but the whole world.
According to a report of 2022, roughly 684,800 enterprises were actively working in Belgium, and more than 95% of them were micro-firms.
What does that mean?
In simplest words, Belgium is the most suitable place in Europe for small business firms. Are you one?
On several job boards and platforms like LinkedIn, hundreds of jobs are posted every day regarding outsourcing just for Belgium, which shows how much Belgium, and its professionals are in the industry.
People in this part of the world are hardworking and always look to earn some extra bucks. And this outsourcing industry is something they’ve always looked for.
Reasons why Belgium has become a Real Thing in Outsourcing
Belgium is already looking like a good place for your business to grow further. Right?
But we are still not done talking about magic of this place in business industry. So, let’s keep moving with all the benefits you’ll get while working with outsourcing industry of Belgium:
Prime geological location helps it to reach every part of Europe. From the north, it touches the southern sea of the UK. The Netherlands is in the northeastern part of country, which makes it easier for it to operate even in Scandinavian countries (Norway, Sweden, etc.).
Moreover, France (from west) and Germany (from east) helped Belgium to Eastern and Western Europe. From the United Kingdom to European Union to Russia, you can target the whole market from Belgium.
When talking about outsourcing work to Belgium (or any country in Europe) instead of outsourcing giants like India or Philippines, companies think about targeting Europe.
Foreign companies think about outsourcing their work to Europe only to either shift their business there or gain some European consumers. If you are also interested in joking about that race, Belgium might be the perfect country for you in terms of language barrier.
In Belgium, people usually know at least three languages:
It’s because these are many Belgians’ mother languages and, in fact, Belgium’s official language. You need people who speak the main European languages if you want to cover the whole of Europe.
Moreover, it’s always better to work with staff that know your language. Right? And Belgium is one of those few European nations that are proficient in English.
Growing Stage of Industry
Belgian outsourcing firms are one of the most trusted ones in the global Business Process Outsource market. It seems as if the Belgian outsourcing industry has reached its peak and is now congested with different businesses already there, and there is no future for it.
But it’s not actually true because it’s still a growing stage of Belgian outsourcing industry. According to Statista, the projected market volume of Business Process Outsource market of Belgium is US$2.7bn by 2028, which means industry is expected to grow at the rate of 3.04% (CAGR 2023-2028).
It means that it is the right time to jump into Belgium’s industry to enjoy several benefits like cheaper options and more experts in every field.
After some important benefits of outsourcing in Belgium, let’s move towards in-depth discussion and explore different fields of outsourcing and find out whether you can trust Belgium if you belong to them or not.
HR Outsourcing in Belgium
HR outsourcing is arguably the most famous kind of outsourcing because, in general, hiring HR experts or consultants is quite expensive, but outsourcing some specific tasks is quite cons efficient.
Moreover, in Belgium, the trend of HR outsourcing is at its peak, and its fame is increasing day by day. Its proof is this stat (from Statista), which states that the revenue of HR consultancy in Belgium was almost 2.5 billion euros just in one quarter of 2020. Isn’t it insane?
Benefits of HR Outsourcing in Belgium
We don’t know why, but apparently, HR is one of the most favorite fields of Belgian professionals. That’s why you can find many of them for your company. The stat given above also indicates the same thing.
Outsourcing HR tasks is already quite a cost-saving thing for any company. But if you give Belgium a go, you’ll get even better rates as average cost of employees in outsourcing industry in Belgium is less than 500 USD per month which is quite less than in bigger European countries like Germany.
Marketing Outsourcing in Belgium
Marketing and taken a new shape which is termed “digital marketing” or “e-marketing.” But the problem is that there are still many countries that are stuck in that old-fashioned marketing that doesn’t really work.
Thankfully for you, Belgium is not one of them so you can enjoy the latest methods of marketing and the best part of marketing techniques of Belgian people is that they work (almost) all over the Europe.
Benefits of Marketing Outsourcing in Belgium
Suitable Education System
As we told you earlier, Belgium is not stuck in that old-school marketing. Due to that, anyone in Belgium who want to learn marketing must learn methodologies of e-marketing or digital marketing along with techniques that work in other parts of Europe as well.
In marketing, you already know that marketers must know the language of the targeted audience. So, if your targeted audience is European, Belgian people might help you because they are fluent in Dutch, French, German, and English.
AI Outsourcing in Belgium
Belgium is one of those few countries that are using AI and developing it but not at a risky rate. The usage and development of AI in Belgium is just as perfect as it should be.
AI itself is expected to reach a great level. By 2030, artificial intelligence is expected to contribute $15.7 trillion to the global economy by 2030.
So, it’s true that AI is the future!
Hence, you need to find a country that’s giving AI required attention, like Belgium.
Benefits of AI Outsourcing in Belgium
The government of Belgium is taking every possible step to be in the race for AI development, which is a great sign for more. Moreover, in 2023, more than 40% of companies in Belgium are hiring more than (at least) 250 AI experts.
So, what are you waiting for? Shortage of Ai experts might be nearing in Belgium, so hurry up!
Leading AI companies like Serokell, ML2Grow, and Campfire AI are ruling the world of AI, especially in Europe, and they are all operating in Belgium. It means that you can win the race in Europe by collaborating with them.
IT Outsourcing in Belgium
What does that mean?
It means that those unemployed and educated people are either selling their services as freelancers (at quite low rates) or are waiting for companies like yours.
But why would you hire them?
You are underestimating them as they are super talented, especially in IT industry.
Benefits of IT Outsourcing in Belgium
Only IT outsourcing industry of Belgium will reach a great revenue of US$3.2bn by the end of 2023. This is not it because it’s expected to grow with a rate of 10.13% (CAGR) till 2028. Belgium is (arguably) about to become the biggest IT hub of the region by 2030. And the company that jumps into the industry will make the most out of it right now.
Daily people post tons of jobs on different job boards to hire (specifically) Belgian IT experts for outsourcing their work. They just trust Belgians for their IT work.
Accounting Outsourcing in Belgium
You already know how big of a business hub Belgium is when it comes to Europe. Having direct connecting and relationship with the UK, Eastern Europe, Scandinavian countries, and Western Europe, the business is probably the biggest win in Belgium.
As soon as people of Belgium noticed that their country was becoming a business hub, they started learning accounting and getting degree in the industry to avail the opportunities given by the country.
Benefits of Accounting Outsourcing in Belgium
You already know that there are so many Belgian people who have accounting degree. But a degree isn’t enough. Right?
Wrong! In many other countries, not every person with degree is well-qualified but the case is different with Belgium. The education system of Belgium is so well-organized and strict that you got to be capable enough to get the degree from college.
So, this culture is not common in every country that’s famous for its outsourcing industry, but Belgium is different. Here, the outsourcing firm businesses remain compliant with local and international financial regulations. In accounting, this is one of the most important things. Right?
If you still not believe anyone, you should learn a few laws and regulations that’ll help you tackle with any scam.
FAQs about outsourcing in Belgium
Does Belgian Government support the culture of outsourcing?
Yes it does!
The state of Belgium doesn’t only support this culture but it’s also providing some perks like incentives and tax relaxation to attract more businesses from different countries. At the end of the day, it’s benefiting their country’s GDP so it’s a win-win situation.
Are there any reliable outsourcing firms in Belgium?
You will find good and bad stuff everywhere in the world. You just must do some extra research to find a match for your business.
Will legalities and regularities of Belgium cause problems if we jump into the industry?
Yes and no!
It totally depends on you! If you the homework rightly, legalities and tax regulations of Belgium aren’t as strict as other East European countries. There is a chance that you stumble into a fake or scam outsourcing firm who’ll either charge you more than the market rate or entangle you in legal issues. In this case, if you know what the law of a country says, you can turn the tables and sue them.
In the end, we are glad to tell you that Belgium is one of the best countries for outsourcing especially if you either want to expand your business all over Europe or target European audience.
Belgium is a complete package for business due to many reasons like stable economic situation, supporting government, and most importantly amazing location.
So, what’s still stopping you from outsourcing your work to the world’s one of the best outsourcing industries?
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