Side by side, I am reading one headline about companies maintaining a recruitment freeze and another stating that KPMG is restoring its hires to 2008 levels. Not only is the Big Six accountancy ramping up hiring but it is targeting school leavers, a sign that it is stretching to find the right talent. The headlines actually tell the same story.
Companies are outsourcing more work and consultancies like KPMG are benefitting. While some jobs will go to foreign countries, as part of the global outsourcing market, many other jobs will be created at home. Fisher-Price’s parent, Mattel, has just announced that it will outsource its IT jobs to India’s Wipro. Lower value jobs will continue to be targeted for outsourcing.
At the same time, many outsourcing jobs are being created in the US market. Some of the world’s largest outsources are American. Major Indian outsourcers, including Tata Consultancy and Infosys, are expanding their offices in the US, according to the Christian Science Monitor.
Consider targeting your search to outsourcing companies. One good place to start is the International Association of Outsourcing Professionals’ Global Outsourcing 100, which ranks the world’s best outsourcing service providers and advisors. Hot off the press, it appears in the May 3, 2010 edition of the Fortune 500. IT dominates this list. Leading and boutique consultancies are a good place to start for other disciplines. Associations are also becoming repositories of outsourcing expertise.
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Many of these companies are outsourcing jobs to Indian. Outsourcing is a global business and in the short term is more apt to negatively affect US job growth. CBay Systems, for example, just announced that they plan to outsource half of their business to India over the next two years.
There’s a lot to the flip side of outsourcing, things like Linguistic barriers and social responsibility can be dealt with but sometimes they cant. Outsourcing can cause unemployement in US. Those positions foreigers obtain could b obtained by US citizens. Although I dont have anything against it..
Yay!! go outsourcing!! costs a LOT less and saves money! God bless American dollar for its exchange rate!!!
Medical transcription has been outsourcing to India for many years. There are many companies in the health industry that will only contract with US providers which use US contractors. A growing number of companies are blackballing the CBays and shopping American. As a result, there is still healthy growing demand for medical transcriptionists.
Hi,
Egads! Microsoft has announced that it is outsourcing help desk and other support to India’s Infosys. The good news is that Infosys is using Microsoft’s software. Find the CNet article here: http://news.cnet.com/8301-10805_3-20002362-75.html
Outsourcing is a big risk – there are so many countries where you can pay n times less and get the same amount of work done. Problem is whether or not you get the same quality… It is always about risk, good research work and intuition.
Company who is willing to take this risk and do it smartly will beat the competition because of the lower cost.
Yes, if you peruse the headlines, you can find lots of outsourcing news. This is part of the global economy we do business in. And, yes, some outsourcing is going to India. On the bright side, note that the number one company in the Global Outsourcing 100 is no other than America’s Accenture. What goes around, comes around. Accenture is creating jobs in America!