Wednesday, December 29, 2010
US surpasses India in outsourcing… of journalists
by Larry Geller
Perhaps this is a harbinger of the future as well as an indication of the extent of the domestic newspaper meltdown.
By itself this is not terribly meaningful, but keep an eye on this, folks. It may be the new face of the American labor force now that corporate employment in this country has broken down.
And check this out
A new study by the Economic Policy Institute has found that U.S.-based companies created more jobs overseas this year than they did inside the United States. Overseas, 1.4 million jobs were created, versus less than one million in the United States. At the firm DuPont, the number of U.S. employees has shrunk by nine percent since 2005, while its work force grew by 54 percent in Asia-Pacific countries. At Caterpillar, more than half of the 15,000 people hired this year were outside the United States. [Democracy Now, 12/29/2010]
Republicans in Congress time after time blocked legislation to remedy the off shoring of American jobs. With the new Republican house and President Obama's strategy of letting Republicans go first during their tic-tac-toe negotiation sessions things won't be changing anytime soon. Obama's main goal at this point is clear, get re-elected at any and all costs even if it means losing the Senate too. This is a dangerous game he is playing with so many people's lives at stake.
India’s BPO industry has evolved and matured to present higher-end services that require judgment-based analysis and domain expertise, rather than function-specific, rules-based performance parameters alone. As service providers strive to offer end-to-end services, we see BPO falling into different segments. At one end of the spectrum is the traditional rules-based transactional outsourcing; while at the other end is judgment-based transaction processing and full-service business process outsourcing.
India has won its spurs as the world’s outsourcing destination of choice. Currently the country has a commanding share of the global outsourcing market.
India is undoubtedly the most favored IT/BPO destination of the world. This raises the question why most of the big MNCs are interested in outsourcing their operations to BPOs in India. The answer is very simple- India is home to large and skilled human resources. India has inherent strengths, which have made it a major success as an outsourcing destination. India produces the largest number of graduates in the world. The name of India has become synonymous with that of BPOs and IT industry hence the name BPO India.
Besides being technically sound, the work force is proficient in English and work at lower wages in comparison to other developed countries of the world. India also has a distinct advantage of being in a different time zone that gives it flexibility in working hours. All these factors make the Indian BPOs more efficient and cost effective. In order to meet the growing international demand for lucrative, customer-interaction centers, many organizations worldwide are looking to BPO India.
A subset of outsourcing, Business Process Outsourcing (BPO) involves contracting the operations and responsibilities through a third party service provider. From the last couple of years, the BPO industry has evolved as the most substantial sector in the Indian market. India has emerged as the most favored location for all Bpo services across the globe. This has accelerated the Indian economy to the heights, progressively boosting the statistics depicting the growth in the years to come and it has been however forecasted that by 2020, more than 80% of the world of business process outsourcing services will be served by the Indian companies. Marked as the best place to attain superior quality services globally, the BPO industry is strengthening its foundation in India.
While the previous comment could be taken as a commercial for Phykon's business, it's a very important message to listen to as well.