Digital voice dictation | digital dictation machines,Digital voice recorder

in Outsourcing

Conventional, pre-modern era business models concentrated upon exchange of material export and import of goods as a means of generating national income and positive foreign exchange. In the modern era, enhanced communications, have paved the way for export of services as a means of import and export. Outsourcing, offshore development and foreign production are some excellent examples of this phenomenon. Outsourcing work to cheaper manpower has become a trend that has been observed in the latter half of the 20th century. Interestingly enough, the outsourcing practices has played a significant role in economic phenomenons and occurrences such as inflation in agrarian and developing economies and economic recession in some important western economies. More on reasons to outsource.Outsourcing has always been associated with the field of industrial technology as almost, 30% of the outsourced jobs belong to the IT sector. A large positive impact of outsourcing IT sector project jobs to Asian economies is that it has contributed immensely to development of these countries. In addition to that, it has also contributed to some effective development in the field of computer sciences. A phenomenal work load of 4 million jobs has been transferred to economies of China, India and Philippines. On an average global outsourced projects involve about 28% that belong to the hard core IT sector, 11% to finance sector, 15% to sales and marketing and 9% from administrative sector. The remaining 22% belong to many other different sectors such as consumer distress calls, general data segregation jobs, tourism etc. As of 2006, the outsourcing activities accounted for jobs worth $1.2 trillion per annum. Some economists have predicted that by 2015, more than 3.3 million U.S. jobs and $136 billion worth of wages, will be transferred to developing Asian and African economies, due to cheaper labor markets.According to many researchers and surveyors, outsourcing statistics in U.S., are a cause of economic recession, to some extent. US outsourcing statistics also rightfully depict that an increased rate of outsourcing was largely responsible for a prolonged recession, as the US economy could not provide appropriate number of alternative jobs against layoffs. This phenomenon has been also nicknamed as over-outsourcing.Business process outsourcing (BPO) to countries with less expensive labor is emerging as a means to reduce costs and enhance shareholder value in the shipping sector. Outsourcing converts fixed costs into variable costs, releases capital for investment elsewhere in your business, and allows you to avoid large expenditures in the early stages of your business. Hiring and training staff for short-term or peripheral projects can be very expensive, and temporary employees don't always live up to your expectations. Anyway cost of staff is lesser in other countries compare to US. One Singaporean worker costs as much as three in Malaysia, eight in Thailand, thirteen in China, eighteen in India. Thus if worked can be outsourced, you don't need to pay for small work which can be done at small amount.Focusing your business Limitation of time, resources and attention is a reason to outsource. Outsourcing can help your business to shift its focus from peripheral activities toward work that serves the customer, and it can help managers set their priorities more clearly.Free up your "rainmakers" and account managers to focus on generating new sales and avoid getting your staff bogged down with work better fulfilled by experts outside of your organization. Even Outsourcing can also make your firm more attractive to investors, since you're able to pump more capital directly into revenue-producing activities. Big companies are off-shoring almost exclusively in pursuit of efficiency and shareholder value enhancement.utsourcing lets you focus your human resources where you need them most. Companies that do everything themselves have much higher research, development, marketing and distribution expenses, all of which must be passed on to customers.Expertise With specialization comes trade. Outsourcing service providers have a higher level of experience than what you might be able to afford in a full-time employee. Contractors have worked many years as full-time employees and reached the point where they realized they could go it on there own--be their own boss, focus on the kinds of projects they like to take, and have more control over their working environment. You can take advantage of that experience without budgeting for a new full-time employee.

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This article was published on 2010/09/28