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Outsourcing Jobs to India Research Paper

… Outsourcing jobs to India.

Outsourcing to India

The process of globalization led to significantly increased competition in most business fields. Local companies are forced to compete in their domestic market with foreign companies that come with less expensive products and services. In order to maintain their competitiveness, companies must apply strategic alternatives that allow them to reduce their costs while maintain their quality level. Outsourcing is one of these strategic alternatives. Most corporations started by outsourcing their production process to cheaper destinations in order to reduce production costs and to be able to provide competitive prices. In addition to this, companies decided to establish several production plants near the markets they intend to address. Furthermore, companies continued the process by outsourcing it jobs in order…. [read more]


Outsourcing Has Made Great Controversy Essay

… As such, "it's causing real pain to real people" (Reingold, 2004). Many companies are even going as far as to relocate foreign nationals in the United States, as another competitive move to help save costs and keep operation budgets as low as possible. With so many newly educated immigrants coming from countries like India, it is easy for many companies to replace older, and more expensive American workers even on their home soil (Reingold, 2004). Overall, it is clear that outsourcing is wrecking havoc on one of America's newest and most innovative industries, the tech industry. Here, the research posits that "The IT industry in the United States has gone from being a very high-level, well-paying industry to being very low-paying sweatshop labor, and that's…. [read more]


Outsourcing Among the List Essay

… Clearly this sentence -- which received a lot of publicity in the press -- was seen in the country and on Capital Hill as "an affront to American workers" (Mankiw, 1031). The Bush Administration answered critics' questions about the focus of the ERP by saying that "We're very used to goods being produced abroad" and shipped to the U.S., but what "…we're not used to is services being produced abroad and being sent here over the Internet or telephone wires" (Mankiw, 1032).

In the second place, in 2004 Kerry and others even questioned whether free trade was still a good idea for America, given that so many jobs were moving overseas. New York's senior U.S. Senator Charles Schumer advocated the idea that the "modern global…. [read more]


Outsourcing Jobs to Foreign Countries Term Paper

… Outsourcing jobs, or the practice of moving U.S. jobs overseas, is both an emotional and complex topic. Much of the concern centers around the type of jobs now going overseas -- commodity-type operations, such as insurance companies and call centers have become extremely vulnerable to outsourcing. A recent study done by Forrester Research in Cambridge, Massachusetts showed that 3.4 million U.S. office-based jobs will go overseas by 2015 (Feldman, 2005).

Only 16% of Americans agree that outsourcing is good for the economy (Jones, 2005). Many Americans are genuinely concerned and alarmed; in fact, a public opinion survey in January, 2006 showed that the issue of outsourcing jobs to other countries has reached a "tipping point" where public opinion could become strong enough to influence government…. [read more]


Outsourcing Is an Inevitable Market Term Paper

… Would it have been right for us to have avoided computers because automation would have eliminated clerical and other routine office jobs? In fact computerization created a whole new pool of well-paid jobs. In the same vein, outsourcing has become an economic necessity and cannot be totally avoided because some people loose their jobs initially. Ultimately, the cost savings and improved operating efficiency pass on to the consumer. Outsourcing will bring more profitability, more investment and create better jobs in the local market. Employment figures in November 2004 stood at 138.6 million compared to 136.5 million in 2003, which sets aside employment related fears. [Alan Reynolds] Outsourcing is an inevitable market reality, however, adequate measures must be taken to support the displaced employees, and to…. [read more]


Outsourcing" on the U.S. Economy Term Paper

… Such numbers may not seem alarming given the fact that about 15 million U.S. workers lose their jobs annually, but the risk of job losses in certain 'white collar' professions such as office work, IT, financial and accounting is high. Moreover, other agencies such as the Fischer Center at the University of California consider the Forrester projections to be too cautious, and expect that almost 14 million U.S. jobs (more than 4 times the Forrester estimate) to be shifted overseas in the next ten years. (Stokes 38) Similarly, the Mckinsey Global institute estimates that the volume of offshore outsourcing will increase by 30-40% a year for the next 5 years, while the Deloitte Research firm predicts the outsourcing of 2 million financial sector jobs by…. [read more]


Outsourcing if Effectively Implemented Term Paper

… Outsourcing

If effectively implemented, outsourcing can be a tremendous financial boon for a company. For example, in a country such as India with an English-speaking workforce and a highly technically literate population, even sophisticated jobs at an IT company can be employed by far cheaper employees than would be available in the United States. (Bagala, 2005) Thus, the careful choice of a country that is a good match for one's product, goods, and services is critical when considering the prospect of outsourcing. Outsourcing can cut costs, and it can also infuse a company with new talent and international knowledge from a talent pool that extends far beyond the United States. However, the services rendered must not experience a drop in quality from the consumer's point-of-view…. [read more]


Jobs Overseas and the Effect Essay

… Some companies like WNS have come out with special solutions. (Corvo, 2012) Outsourcing has become by itself a very lucrative industry with lots of companies providing services for outsourcing partnering. Some companies like WNS have come out with special solutions. According to the company, Banking BPO (Business Process Outsourcing) and Financial Services Outsourcing has been adopted as a key strategy to survive and thrive. (WNS, 2013)

Conclusion:

In the IT, The way work is done, and qualifications has caused the Outsourcing of jobs to foreign countries and thus has become the biggest economic issues of recent years. Thousands of American jobs are lost each year resulting in a fall of pay for workers around the world. Still there is no evidence that offshoring has produced…. [read more]


Outsourcing Corporate Outsourcing: Initially Term Paper

… Way back in 1776 Adam Smith attached importance on "it is not out of generosity of the butcher, the brewer, or the baker, that our dinner awaits, but out their respect to their independent interest."

Observing the ideas of Smith, present companies take part in the global market and track their own benefit by making the most efficient use of their resources. Through working at optimizing profits, the competitive position of enterprises is maintained.

Outsourcing is frequently a spin-off of yet another potent management instrument; business process reengineering. It lets an organization to instantly appreciate the expected advantages of reengineering by running another external enterprise which is previously reengineered to international quality / process. Outsourcing can entail movement of assets from the customer to the…. [read more]


Outsourcing and International Trade Economics Term Paper

… Outsourcing & International Trade

ECONOMICS: INTERNATIONAL TRADE & the EFFECT of OUTSOURCING

In the past few years the United States economy has emerged as a growing economy, dramatically and irreversibly impacting the global market. One of the most significant impacts of this growing economy lies in the area of outsourcing to foreign countries. The United States government and large corporations view outsourcing as a method of enabling international trade to prosper and allowing industries to grow. This economy has an international impact in regard to the recent trend in outsourcing and off-shoring; many domestic headquartered companies are now turning to outsourcing manufacturing and production to drive down costs.

As a result, these manufacturing positions are lost in the United States, but are creating more jobs…. [read more]


"Even Though 'Outsourcing Term Paper

… As per the reports of Reuters the AeA indicated that data on foreign outsourcing depended either upon anecdotes or questionable projections, and it took specified issues with a report by Forrester Research that indicated an estimated 3.3 million U.S. service industry jobs will be outsourced offshore at the end of 2015. The Forrester predictions relied upon erroneous labor force projections attained at the peak f the technology bubble, the trade group revealed. In the current period the U.S. public and politicians have emphasized the movement of some U.S. jobs to decline cost centers around the world. Most of the technology companies to illustrate, have initiated orienting customer service telephone calls to India.

Hence, amidst intense, international, competitive circumstances many companies have no alternative but to…. [read more]


Outsourcing Is a Business Strategy Essay

… The party having better information may try to exploit the other party and the issue may lead to problems such as market failure, information monopoly, and moral hazard. Since outsourcing agents may have better information about the advertising function than other parties may, they may attempt to exploit their clients, and the issue may lead to market failure after the contract has been signed.

To avoid the problem arising, a firm should contact and evaluate multiple outsourcing agents before entering into the agreement with one agent to enjoy the outsourcing contract.

The following discussion illustrates an example of outsourcing

Outsourcing of the Southwire Company Advertising Department

Southwire Company specialized in the fleet operation, and the firm enjoyed market advantages many years after its establishment However,…. [read more]


Job Outsourcing T Persuasive Speech Essay

… China is a huge market for us. We are going where the customers are."

Nasscom, still in Economic Times, also reported that the U.S. has a shortage of skilled technical staff which triggers job outsourcing of software coding and computer hardware management jobs. Its President Som Mittal reported that:

"The U.S. economy has been going though challenging times. We are hopeful that positive moves towards rebuilding America will bring in desired results. The Indian IT industry has been contributing substantially to build innovation in the U.S. economy,"

Further, the Los Angeles Times reported in 2010 that:

"the offshoring of American production and jobs has been going on for more than two decades, with service firms more recently pushing the trend. Experts say more offshoring could…. [read more]


Outsourcing Business Communication Outsourcing: Pros Essay

… The argument for off-shoring as much as possible of IT is that the more American consumers have access to cheap technology, the greater their potential base of knowledge is to grow. However, the fear is that 'better' jobs are now also exported through off-shoring, as education levels in the developing world increase. "With millions of low-cost engineers, financial analysts, consumer marketers, and architects now readily available via the Web, CEOs can see a quicker payoff...by off-shoring work, they can see savings of 30% to 40% in the first year" in salary costs (The future of outsourcing, 2006, Business Week). Workers in the developing world with higher education are desperate for work at pay that would not support an American worker above even the poverty line:…. [read more]


Outsourcing Essay

… Friedman points to the hopelessness of a society with no prospect for job or a future. This is becoming the reality for a class of Americans, forced to forage for deals at Wal-Mart because it cannot afford anything better.

If there are Americans who are losing economically as the result of outsourcing, that wealth must be transferred somewhere. The current account deficit with China is a good example of how this wealth transfer works on a broad scale. Outsourcing offshore facilitates wealth transfer, and knowledge transfer. Friedman outlines this situation well with his example of workers in India. The gains of Indian call center workers, or factory workers in China, might come at the expense of American wealth creation, but there are non-economic tradeoffs as…. [read more]


Outsourcing Has Become a Controversial Term Paper

… Outsourcing has become a controversial and a highly debated issue. The level and the scope of outsourcing has increased dramatically over the last few years. The cost effectiveness, competitiveness and other advantages that outsourcing offers to the companies and its effect on the U.S. economy on the whole is intertwined with implications for the local workforce. As we march into the global economy we have some conflicting decisions to make and this requires a careful consideration of both immediate facts as well as long-term implications. As for the long-term implications, embracing outsourcing is an indispensable solution particularly in the evolving global market. The cost savings enabled by outsourcing will be reinvested locally creating more jobs for the local workforce. For example the $25 million in…. [read more]


Outsourcing the Idea Essay

… Outsourcing

The idea of 'outsourcing' had been initially started during the 1980's when there was widespread unemployment, slow economy and high inflation. During the 1990's outsourcing expanded its horizons. Outsourcing has now evolved to be a popular concept among particular services as well as industries. In the present day world organizations by using strategic methods of outsourcing can enhance their profits. Companies by focusing their competencies on what they are best in doing are enhancing their profits on their in-house resources. Statistics show that almost seventy five percent of U.S. And European companies make use of offshore outsourcing for supporting their financial performance. Statistics reveal that by outsourcing, jobs have not moved to overseas companies and companies which are involving in outsourcing have several advantages…. [read more]


U.S. Government and Ethical Issues Term Paper

… (Torrance, 2006)

The outsourcing of jobs to other nations lowers wage cost in America and thus results in increased productivity and profits, which in turn must result in capital investment, expansion and recruitment of additional workers. This aspect concentrates on the rosy side of outsourcing like improved efficiency and productivity which raise profits, but nevertheless neglects the moral responsibilities we have to handle the impact of outsourcing on the society and economy of USA. It is a serious issue since American citizen self-finances their education either through loans or savings and are denied the scope of earning in America as outsourcing ensures that the scope is cornered by some other person. Hence it is unethical as securing an education entails government grants, subsidies and taxpayers…. [read more]


Outsourcing Its Impact the Effects Term Paper

… Till the organizations are not sure about the strategic advantage they intend to achieve from outsourcing, merely outscoring due to cost related benefits is not an optimal choice for hotel industry. The author described that the propensity of Canary Island hotels has been due to some specific priorities such as

Competitive priorities

Reduction of cost

Increasing profitability of firm

Service improvement

Quality enhancement

The companies that decide to outsource some of their services or manufacturing and production processes are impacted in several manners. Firstly, these are a great deal of cost reduction in payroll and procurement of materials. It has been observed that developing economies not only have cheaper human resources but raw materials are also low cost as compared to the developed countries. The…. [read more]


Outsourcing: The Effects on Pratt Essay

… By 2006 all airlines big and small became cash-strapped and therefore they began outsourcing the labor-intensive aircraft maintenance where it was cheaper because it was done by non-union workers. For the bigger airlines the younger low-cost airlines are cost efficient because they are not burdened with the in house maintenance cost. "Network carriers outsource 40% of their maintenance while low-cost carriers outsource half." (Economic Times, 2006) The Northwest Airlines has outsourced all its 'heavy maintenance' works with the line maintenance. The airlines replaced union workers with the contract outside vendors. Likewise U.S. Airways Group has sourced outside work for the airframe maintenance. Now Delta Airlines outsource most of its maintenance while Continental Airlines is the only big airline that still keeps the maintenance work in-house.…. [read more]


Outsourcing Shipping Management Essay

… These forces need to be analyzed for the shipping firm in order to assess whether the shipping firm has a sustainable future in its industry or not. If the Project Management and Evaluation team assesses these key forces and finds out a high level of feasibility for its firm, it can recommend the ship owner to proceed with the outsourcing project (Hitt, Ireland, & Hoskisson, 2009).

In addition to analyzing and assessing the macro environment of the shipping firm, the project management and evaluation team also has to analyze the same for the outsourcing firm, i.e. The firm that will be contracted for the outsourcing services. The Macro environment of the shipping firm consists of the following components:

Political environment of the shipping firm:

Political…. [read more]


Outsourcing When the Business Functions Are Contracted Research Paper

… ¶ … Outsourcing

When the business functions are contracted to other parties and businesses, it is usually termed as outsourcing. The term is often confused with another term, offshoring. Although there are companies who outsource their business when there is no need to offshore. When there is a contract based agreement between two organization for sharing services and payments, it is termed as outsourcing (Hira and Hira 78). One of the main advantages of business function outsourcing is that the businesses and the companies can function better and well in their core competencies as there is more availability of better and more expanded skills in the areas of business that have been outsourced.

One of the main facts based on which outsourcing has been used…. [read more]


Outsourcing Business Operations Hold Research Paper

… ¶ … Outsourcing

Business operations hold the objective of maximizing profits on each and every transaction undertaken . To achieve this, economies of scale are sought and decisions on how best to maximize the same preferred Brooks, Weatherston and Wilkinson ()

Increase in this realization and embrace of the notion of efficiency has seen a trend towards outsourcing those services that companies inefficient to undertake. They concentrate on those services that are efficient and don't bear too much weight on cost outlay. Shenkar ()

define outsourcing as the art of turning a part of business activity to an outside vendor. They go ahead and say that the actions are a measure to cut cost and improve efficiency in operation Shenkar ()

International business involves business…. [read more]


Outsourcing Is an Appropriation Term Paper

… Another advantage is better focus on core processes rather than supporting ones. Outsourcing takes the guess work out of supportive processes allowing companies to pay more attention to their core processes. Risk-sharing or risk-analysis, tends to be the most determinant factor. Outsourcing specific components allows the company to assign certain responsibilities to the outsourced vendor. The vendor is a specialist so they plan the risk-mitigating factors more effectively. Another important advantage is a reduction in operational and recruitment costs, making it the prime advantage of offshore outsourcing.

The disadvantages of outsourcing involve potential risk of revealing confidential data. When an organization outsources for instance, Human Resources, Payroll, and Recruitment services, it generates a risk of exposure of confidential business information to a third-party. A second…. [read more]


Compensation Decisions Your Job Term Paper

… However, she has had extensive service with the company. Therefore, it is fitting, after 41 years to provide a bonus comparable to those with similar tenure within the company. Also, in the event that Beth changes her mind regarding retirement, the salary increase is low enough not to material effect payroll and compensation.

Ben is a 47YO white male with 27 years' service. He's a good worker, been with your group for a couple years. Hasn't yet expanded his skills, which you thought he'd do even though hired for a specific job. What he does, he does outstandingly.

A3

21,000

95.5%

4

$21,500

$250

Substantiation and Risk Analysis: Ben is complacent with his position and subsequent skill development. Therefore, his reward is very limited compared…. [read more]


Outsourcing of Government Functions a US Study Term Paper

… Government Outsourcing

The Outsourcing of Government Functions: a U.S. Study

Outsourcing of government functions is one of the most highly controversial practices of the 21st century. There are several prevailing positions regarding the outsourcing of government contracts to private companies. Valid arguments exist for increasing government outsourcing and for limiting future outsourcing as well. Regardless of which side one happens to be one, once thing is certain, outsourcing is a trend that is likely to continue in the future, particularly in the face of the global economy and advances in communication that make it easier than it was in the past.

By March of 2007, the number of government contractors rose to 7.5 million, which is currently four times the size of the federal workforce…. [read more]


Outsourcing of it Jobs Term Paper

… Outsourcing

companies first outsourced manufacturing jobs. This initial outsourcing was touted as a necessary agent because the economy of the United States was transitioning from a manufacturing-based economy to a service-based economy. Many individuals that were unemployed as a result of outsourcing in the manufacturing sectors were retrained in the area of information technology. For many years the information technology sector and jobs within this sector thrived within the United States. However, more recently there has been a significant increase in the number of IT jobs that have been outsourced to countries where skill levels are similar and the cost associated with labor is cheaper.

It is estimated that at least 250,000 highly skilled white collar jobs -- most of which are IT jobs --…. [read more]


Effects of Job Outsourcing on the U.S. Labor Market Research Paper

… ¶ … job outsourcing on the U.S. labor market

Effects of Jobs Outsourcing

Given today's globalized economy and the strong competitive environment in which they struggle, companies are forced to find ways to reduce their production costs in order to remain competitive and attractive for their customers. As a consequence, many companies, from large corporations to small businesses choose to outsource parts of their operations to cheaper countries.

The most preferred outsourcing destination is India, followed closely by China and Malaysia. The advantages that make India such an alluring destination for outsourcing include the low costs, skilled workforce, and the country's business environment. The most outsourced operations include it and back-office functions.

Some countries in the Central and Eastern Europe were becoming more attractive as…. [read more]


Outsourcing What Is Outsourcing? Term Paper

… Outsourcing

What is outsourcing?

Outsourcing is described as the running and/or routine implementation of a total business operations by a third party service provider. Outsourcing is the allocation of responsibilities or assignments from in-house production to an outside body. In the recent past, it is been understood as cutting down of local staff and assigning work to workforce in other countries, where the pay is significantly lower. Outsourcing and out-tasking entails shifting a considerable amount of management control to the supplier. Purchasing products from an external body does not construe outsourcing or out-tasking, but simply a vendor relationship. In the same vein, purchasing services from a provider is not essentially outsourcing or out-tasking. Outsourcing all the while entails a substantial amount of bi-directional exchange of…. [read more]


Outsourcing Term Paper

… The increase in workforce is continuing, and in March 2004, the country gained jobs for some 308,000 people. Yet there was not a real increase in the jobs for semi-conductors, electrical engineers or computers even in the manufacturing side. The removal of people in sourcing jobs out is clear. The decrease in labor costs directly add to the bottom line of the companies. This sourcing out of jobs is not only for IT workers but is also seen for legal and Research and development.

The wage differences are tremendous. A telephone operator in the U.S. has to be paid $12.57 an hour, whereas in India, the payment is less than a dollar. However, new jobs in the IT industry are also being created at the…. [read more]

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