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Contents contributed and discussions participated by tommy s

tommy s

India Is Outsourcing … to the U.S.? | Current Events | Living Frugally | Lear... - 0 views

  • d a popular NBC sitcom.
  • We knew what the charade was—outsourced
  • workers in India pretending to be American
  • ...7 more annotations...
  • call-center workers. Initial indignation morphed into
  • reluctant acceptance, and outsourcing to India has
  • become such a part of our culture that it inspire
  • In a move that signifies one of the quirkier things happening to the global economy, outsourcing companies in India (where more than a third of the country lives on $1.25 a day) are starting to open centers and hire employees in the
  • U.S. (where minimum wage is $7.25 an hour).
  • Salaries are rising 10% a year in India, so labor isn’t as cheap as it used to be.“Near-sourcing” saves these firms the travel expenses of flying workers from India to the U.S. to meet their clients.They gain efficiency by preventing mistakes that occur due to unfamiliarity with American culture.The companies can access new markets, such as healthcare companies, government agencies, utility companies and defense contractors that don’t want sensitive data leaving the U.S.Having bases around the world means they can do work around the clock.
  • This new trend is a positive sign in that it shows that American workers still have skills that Indian workers can’t match—and that Indian companies are willing to pay extra for it. The firms are supplying good jobs now, and plan to expand their U.S. outposts, creating even more opportunities in the future
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    india outsourcing to the u.s.
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    india coming back to u.s.
tommy s

Current Outsourcing Trends Article Reviews - 0 views

  • Return on assets: By reducing the not-insignificant investments, profits can improve significantly through outsourcing. Personnel productivity: By concentrating on the core business, it is possible to enhance the productivity of employees. Flexibility: The use of a service provider divides the risk and reduces the losses from changing market demands or outdated facilities and equipment. Labor considerations: Delicate labor union issues of day-to-day can be avoided, though employees need to deal with employee dissatisfaction arising from outsourcing. Management and Political considerations: Outsourcing eases managing the basic business since the logistics and most distribution problems are dealt with by service providers. Information technology: The ever-increasing demand for new technologies and resources often can be met more efficiently and economically. Maturity of the Service providers: In today’s world, an integrated logistics service provider is a dynamic firm, with highly qualified employees and utilizes a winning combination of efficient techniques.
  • Gone are the days when banks used to conduct their business before the lobbies closed at 3:30 in the afternoon. Today’s fast paced world coupled with a demanding market place a premium on 24/7 banking services. Banks that provide round-the-clock availability of services find it  more feasible to outsource part of the customer service rather than double the number of employees. Ninety percent of new banks choose to outsource and there is high likelihood of this figure increasing in the long-term
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    current new on outsourcing
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    current news on outsourcing
tommy s

Outsourcing - Wikipedia, the free encyclopedia - 0 views

  • Cost savings — The lowering of the overall cost of the service to the business. This will involve reducing the scope, defining quality levels, re-pricing, re-negotiation, and cost re-structuring. Access to lower cost economies through offshoring called "labor arbitrage" generated by the wage gap between industrialized and developing nations.[10] Focus on Core Business — Resources (for example investment, people, infrastructure) are focused on developing the core business. For example often organizations outsource their IT support to specialised IT services companies. Cost restructuring — Operating leverage is a measure that compares fixed costs to variable costs. Outsourcing changes the balance of this ratio by offering a move from fixed to variable cost and also by making variable costs more predictable. Improve quality — Achieve a steep change in quality through contracting out the service with a new service level agreement. Knowledge — Access to intellectual property and wider experience and knowledge.[11] Contract — Services will be provided to a legally binding contract with financial penalties and legal redress. This is not the case with internal services.[12] Operational expertise — Access to operational best practice that would be too difficult or time consuming to develop in-house. Access to talent — Access to a larger talent pool and a sustainable source of skills, in particular in science and engineering.[13][14] Capacity management — An improved method of capacity management of services and technology where the risk in providing the excess capacity is borne by the supplier. Catalyst for change — An organization can use an outsourcing agreement as a catalyst for major step change that can not be achieved alone. The outsourcer becomes a Change agent in the process. Enhance capacity for innovation — Companies increasingly use external knowledge service providers to supplement limited in-house capacity for product innovation.[14][15] Reduce time to market — The acceleration of the development or production of a product through the additional capability brought by the supplier.[16] Commodification — The trend of standardizing business processes, IT Services, and application services which enable to buy at the right price, allows businesses access to services which were only available to large corporations. Risk management — An approach to risk management for some types of risks is to partner with an outsourcer who is better able to provide the mitigation.[17] Venture Capital — Some countries match government funds venture capital with private venture capital for start-ups that start businesses in their country.[18] Tax Benefit — Countries offer tax incentives to move manufacturing operations to counter high corporate taxes within another country. Scalability — The outsourced company will usually be prepared to manage a temporary or permanent increase or decrease in production. Creating leisure time — Individuals may wish to outsource their work in order to optimise their work-leisure balance.[19] Liability — Organizations choose to transfer liabilities inherent to specific business processes or services that are outside of their core competencies. [edit] Implications
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    wikipedia on outsourcing
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    overview of outsourcing
tommy s

The Future Of Outsourcing - 0 views

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    news page of out sourcing
  •  
    a post of outsourcing
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