tag:blogger.com,1999:blog-71720102011-12-13T22:59:36.379-05:00Offshore outsourcing news sponsored by SourceExperts.com, a worldwide outsourcing network, directory and marketplace for service buyers and service providers.SourceExperts.comhttp://www.blogger.com/profile/00440018431366120818noreply@blogger.comBlogger1481100tag:blogger.com,1999:blog-7172010.post-1107225945366116562005-01-31T21:45:00.000-05:002005-01-31T21:45:45.366-05:00

Silicon India reports UK based IT services company Xansa will expand its workforce by 7000 in India. "At present we have about 3,000 employed in our outsourcing centers in Pune, Noida and Chennai and the strength will go up to 10,000 in about five years as the Business Process Outsourcing in India is doing extremely well," Cox said. Read more: Xansa to hike workforce by 7,000 in India

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Medium-sized companies are set to lead the way in signing HR outsourcing deals during 2005, after a large rise in contracts last year. In 2004, for the first time, 'mid-to-large' businesses - as opposed to 'large to very large' businesses - dominated HR outsourcing, according to analyst firm Datamonitor. Companies with between 5,000-25,000 employees did more broad-based business processing

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Yahoo Finance reports Beauty China Holdings, a small Hong Kong-based, Singapore-listed cosmetics concern, has quietly doubled its sales and profits in China during the past two years by tapping into a global strategy: outsourcing. Sam Wong, Beauty China's founder and controlling shareholder, sets the strategy and develops ideas for makeup, packaging and marketing campaigns. He farms out

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Newsday.com reports Electronic Data Systems Corp. has agreed to pay about $420 million to create a personnel-services company with consulting firm Towers Perrin. The new firm, still unnamed, will sell services in benefits, payroll, recruitment and other areas. Towers Perrin will provide consulting services to clients of the new firm, the companies said. EDS has been trying to expand from its

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Computerworld reports a company's move to outsourcing can sometimes strike fear in employees who see their jobs as endangered, if done right workers may find that the process provides them with an opportunity to advance their careers and hone their skills, according to the findings of a poll out this week. "There is a lot of confusion surrounding outsourcing, when in fact people often improve

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ZDNet reports Hewlett-Packard has named Steve Smith as its new senior vice president of managed services, a division of HP Services that runs clients' computing infrastructure and elements of their businesses such as human resources. He replaces Uli Holdenried, who took over as managing director of HP Germany.

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CRM News reports Russia needs new infrastructure. Russia lacks the wealth of basic Internet "backbone" infrastructure already in place in the United States and India; that has kept inexpensive, high-bandwidth Internet capacity out of reach for many. "The biggest problem," Sukharev said, "is finding skilled workers who not only specialize in theory but in practice. Many still need

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News.com reports spending on information technology projects farmed out to low-cost places like India should grow by 1 percent this year, according to a report Thursday from investment firm Merrill Lynch. "The report, based on a December survey of 50 United States-based chief information officers, also found that spending on offshore IT services represents a small but growing chunk of budgets

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HindustanTimes.com/UK reports India outsourcing companies and BPO companies are poised for a good year as outsourcing fears subside in the US. NASSCOM estimated that the industry, including domestic, will see revenues cross $20 billion in 2004-05 with services and software exports growing at 30-32 per cent to record revenues of over $16.3 billion. The first two quarters of 2004-05 have been

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InformationWeek reports some companies are moving call centers into homes keeping employees production and trimming costs. "The home-shoring phenomenon comes in part as a result of the significant challenges faced in the customer relationship management (CRM) and customer care space over the last four years," said IDC analyst Stephen Loynd in a statement. Rather than outsource customer service

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Seattle Seattle Post-Intelligencer reports the outsourcing debate continues with a debate between Nobel Prize winner Paul Samuelson and Columbia professor Jagdish Bhagwati. These two "mega" economists disagree whether short-term job losses brought on by outsourcing are mitigated in the long run by gains to American workers from free trade and consumption growth in low-wage countries. "Data from

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TCS: Tech Central Station reports the debate over outsourcing and its impact on the US economy reached a high level of what can only be described as irrationality, and even hysteria. Outsourcing is not a new phenomenon, of course. Strictly speaking, the term refers to the subcontracting of any business function to an outside supplier, but in the current debate outsourcing to other companies

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Spokane Journal of Business reports American Industries International Inc., have been in the business of recruiting nurses, pharmacists, and high-tech engineers from foreign countries to work in the U.S. Though the 34-year Spokane resident says he has established business contacts in 35 countries, recruits so far have come solely from The Philippines and India. “There is a dire shortage of

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MSN Money reports an Arkansas woman believes that companies can send jobs to rural areas and save just as much as they could sending them to places like India. So she left her job, trading the corporate jet for a rental car. With $2 million of her money, she created Rural Sourcing, an information technology contracting company that she claims can do the same work companies are sending overseas,

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Express India reports India based IT outsourcing service providers are now scrambling to provide for the 3.5 million small and medium sized businesses (SMB) scattered throughout India. “Outsourcing has traditionally been the preserve of large enterprises and the government, but now SMB-level organisations are looking at outsourcing, simply because the cost differentiation between doing the work

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CRM News reports auditors from the U.S. could come down to India to check the BPO companies or even conduct them remotely. Expecting audits from the U.S. comptroller of currency early next year, Indian BPO companies and captive units of multinationals are working overtime, holding discussions with consultants and their US counterparts to understand the nuances of these audits. "These audits are

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Channelnewsasia.com reports India's custom automobile design industry is gaining popularity due to the increasing popularity of companies outsourcing projects. Custom-car design work has been outsourced to Indian companies like "DC Designs" and "5th Quadrant Designs", due to far lower costs. Apart from design work, they say they are also capable of taking it a step further, by constructing the

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ZDNet reports research firm Gartner published a study Monday saying "offshore outsourcing isn't as widespread as people think," with lower-cost locales accounting for less than 3 percent of money spent on global information technology services this year. Gartner projects that figure to grow but remain a relatively small fraction of total spending. By 2008, spending on IT services delivered

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The Seattle Times reports radiologists in Australia, India, Israel and Lebanon are reading scans on U.S. patients spurred by a shortage of U.S. radiologists and an exploding demand for more sophisticated scans to diagnose scores of ailments. Despite some doctors' fears, advocates say outsourcing radiology is nothing like the nightmarish vision of seedy sweatshops stealing U.S. jobs and replacing

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Sify.com reports debt collection is becoming another area of outsourcing moving to India. According to a news report, units of General Electric, Citigroup, HSBC Holdings and American Express are using their India-based staff to pursue credit card debt and mortgage payment by calling defaulters. ''Our cost of collection is 40 percent less than operators in the U S,'' Jerry Rao, chief executive of

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ComputerWeekly.com reports outsourcing growth is predicted at 5.9% a year. "IT job exports are forecast to increase by a compound annual growth rate of 5.9% between 2002 and the end of 2004, said Frost and Sullivan. The analyst firm looked at the global outsourcing of IT jobs across 14 countries. It estimated that this year, 826,540 IT jobs will be transferred abroad by the UK and the US, France

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Financial Express reports outsourcing of human resource services or HR BPO was emerging as the next big opportunity for Indian BPOs with the global market in this segment estimated at $40-60 billion per annum, experts said on Monday. "Sensing the potential, global BPO players including Fidelity, Exult and Hewitt have begun setting up operations in India. However, most HR BPO players had not

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International Herald Tribune reports Canada is gaining favour as an outsourcing partner due to its stability, proximity and cultural similarities. Some are refer to this as 'nearshoring' or 'remote contracting'. "Companies are willing to pay a premium for a destination that is close to home. The customer on the end of the phone will be able to relate much better to a representative in Canada

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BBC News reports entry and mid-level employees are being recruited from European countries to work in India. "Prashant Sahni, chief executive officer of Tecnovate, says the way it works is simple. 'We hire people from various parts of Europe to work for us on Indian salaries and it's been very successful.'" "Mr Sahni says the European employees are recruited for a minimum period of a year, but

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Yahoo Finance press release reports CTG, an international IT solutions company was named the "Best Outsourcing Solution" winner at TechX New York 2004. "During the 10 years that CTG has been Lone Star's IT provider, the company has transformed itself," said Curt Montgomery, CTG Director of Outsourcing Solutions. "As Lone Star's partner, CTG helped it through its business transformation by

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International Herald Tribune reports a new report commissioned by a bipartisan congressional commission said 406,000 U.S. jobs would migrate overseas this year, double the conventional wisdom. This trend is expected to continue for several years. Job movement overseas "is absolutely accelerating, and it's changing in its nature," said Kate Bronfenbrenner, a professor in Cornell University's

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ABS-CBNNEWS.COM reports the latest trend among medical transcription companies in the Phillipines is to provide Technical Education and Skills Development Authority or TESDA-certified medical transcription courses to enhance the quality of experts in the country and improve its competitiveness in securing more outsourcing opportunities from the call center industry. “TESDA certification gives a

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Forbes.com reports the business-process outsourcing sector is in the midst of a consolidation wave. "The most important factor in a BPO acquisition is scale," says Brad Smith, vice president of research at Kennedy Information. Because BPO is a low-margin, process-driven business, transaction volume is a crucial determinant of profitability--particularly in the finance, accounting and human

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InfoWorld reports healthcare organizations not considering offshore outsourcing are missing out on significant cost savings, but administrators need to be aware of potential risks, including lax handling of data security by some vendors and the effect on employee morale. "Offshore outsourcing of some functions not directly related to patient care can deliver savings of 20 percent or more, said

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Times Online reports Microsoft dramatically increased its presence in India, opening a major new campus on the subcontinent and unveiling a key joint venture with Infosys Technologies to provide software and consulting services. In a bid to capture a greater share of the lucrative and expending market, Microsoft and Infosys will initially invest $8 million to develop a portfolio of services for

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INDOlink reports General Electric sold a majority stake in its Indian outsourcing arm for $500m to two private equity firms. The deal gives US-based General Atlantic Partners and Oak Hill Capital Partners a 60% stake in GE Capital International Services (GECIS). GECIS is a pioneer in the lucrative global outsourcing industry. GE was one of the first American companies to outsource back-office

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Yahoo Sigapore reports some companies are looking to China for their offshore software applications as rates rise in India. "China's structural cost advantage over India is massive, and I think it's long term," said Freeboarders Chief Executive John Cestar. "We don't have any wage inflation in China and we haven't for the last year and a half, and the number of really high-quality graduates

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Gulf Daily News reports British companies are under pressure to outsource parts of their business to remain competitive. A total 51 per cent of respondents said pressure to outsource abroad had risen during the past two years, while 29pc said the burden had increased "a lot". "Off-shoring is now part-and-parcel of doing business in the global economy," CBI director general Digby Jones said. "

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International Herald Tribune reports outsourcing companies in India are jubilant over the re-election of President George W. Bush. "This is great news for the offshoring industry," said Nandan Nilekani, the chief executive of Infosys Technologies, a software services company. The trend toward outsourcing will now become even more inexorable, Nilekani said. Some executives said that offshoring

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The Cornell Daily Sun reports a thoughtful essay by Benjamin Gruenbaum entitled 'Outsourcing: Bad for the Economy or Misunderstood Phenomenon'. It's a good read for those that are new to the debate. "The problem with outsourcing isn't that jobs are being lost to overseas competitors. The problem is that we generally understand outsourcing as it is framed by politicians (and therefore the media),

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Computerworld reports many companies do not review multiyear outsourcing service contracts until they are completed. It is important to regularly review contracts to be sure they are still relevant to your changing business strategies. They ask 10 questions to ask yourself to help you stay on track. "Outsourcing has become an integral part of our IT governance strategy," says Pavan Nigam, CEO of

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Forbes reports Indian business leaders said outsourcing will continue after the election no matter who wins. Now, with president Bush the winner, it appears outsourcing will continue without skipping a beat and has already boosted the software sector on India's stock martket. "The benchmark Bombay Stock Exchange closed 1.5 percent higher at 5842.54 points, while India's largest National Stock

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The Economic Times reports Chinese companies are showing interest in Indian company professionals for their expertise. As the Chinese look to expand into the profitable US and European markets they are seeking the advise of Indian executives and business experience. China’s ambitions on the software export front are however, very apparent. It has set a target to make English a widely spoken

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News.com reports on the 10 facts you should know about outsourcing. This is a good summary about the issues related to offshore outsourcing and provides some interesting facts and figures. Some of the more compelling facts include... 2. The Department of Labor expects demand for software engineers to grow 50 percent by 2012. 4. In recent years, Finland and Japan invested more than the United

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News.com reports a survey of US and European companies has found that less than half consider outsourcing financial functions to be cost-effective. About 44 percent of companies that have outsourced financial functions say they have saved a moderate amount, according to a new study from PricewaterhouseCoopers. Another 3 percent say they have saved a great deal. Nearly 75 percent of American

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Metro reports Indian companies are opening back doors into the United States by setting up shop in Canada. The idea is to offer alternatives to U.S.-based Fortune 500 companies that are eager to get some benefit from the cost savings of outsourcing. By moving work to a "near-shore" destination such as Canada, U.S. companies can mitigate the domestic backlash that may come with the "off-shoring"

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CIO News asks what is happening in respect to technology jobs in the current environment. Is the global environment a drain on technology jobs here in the U.S.? A group of outsourcing experts gathered last month at the Emerging Technologies Conference at MIT to discuss the effect of globalization and offshore outsourcing on IT jobs in the U.S. The reality is that offshore outsourcing is a

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Gulf Daily News reports India's outsourcing industry faces a major 'talent challenge' as a lack of skilled employees threatens it's global success according to company officials and analysts. While call centres are flourishing in India, they represent only a small portion of the global outsourcing market and nearly 97 per cent of future work will involve high-end analytical processes such as

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MSNBC reports a story of man who outsourced his heart surgery to India for a fraction of what it would have cost him in the US. Taking his cue from cost-cutting U.S. businesses, Staab last month flew about 7,500 miles to the Indian capital, where doctors at the Escorts Heart Institute and Research Centre -- a sleek aluminum-colored building across the street from a bicycle-rickshaw stand --

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Sify.com reports the practice of moving American jobs overseas continues and should pick up after the presidential election. ''Some customers were waiting for the elections to be over to place outsourcing orders,'' The Wall Street Journal quoted Wipro Chief Financial Officer Suresh Senapaty in yesterday's editions as saying. He acknowledged that outsourcing has become a political issue in the

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CIOL reports the practice of outsourcing business, long popular in the United States and Britain, is gaining in acceptance in continental Europe and is diversifying rapidly from technology services to other business processes. In Europe, more outsourcing deals were signed last quarter than in any single quarter since 2000. In Germany, Europe's biggest economy, banks are leading a trend of

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Money reports attorneys are the latest to see their jobs being outsourced. A number of U.S. companies, including members of the Fortune 500 and some of the country's largest law firms, are now embracing the idea of outsourcing routine legal work to India, South Korea, Australia and other locales with far lower labor costs. Smelling opportunity, a handful of companies have sprung up in recent

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InformationWeek reports the worldwide market for offshore IT services will grow to $17 billion in 2008 from $7 billion in 2003. The worldwide market for offshore IT services will grow to $17 billion in 2008 from $7 billion in 2003, achieving a compound annual growth rate of 20%, according to a study released Monday by market researcher IDC. The study only tracks IT services sales won by

SourceExperts.comhttp://www.blogger.com/profile/00440018431366120818noreply@blogger.com2tag:blogger.com,1999:blog-7172010.post-1098076320324258152004-10-18T01:12:00.000-04:002004-10-18T01:12:00.326-04:00

EE Times reports semiannual results of India's top three software services exporting organizations released this week show that growth is back to pre-slump levels in 2000. Tata Consultancy Services (TCS), Infosys Technologies and Wipro Technologies said they all have recorded strong growth, with more than one posting better-than-expected results. The results confirm that India's software

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InformationWeek reports the lid on IT salaries is beginning to lift, and IT specialists should see gains of as much as 10 to 15 percent over the next three years, according to a new IT staff salaries study by the META Group. Schafer was asked what impact the outsourcing phenomenon will have on IT specialists and their salaries. While outsourcing has an impact, she believes talk of its impact

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Independent News in the UK reports Royal and Sun Alliance, one of the biggest inurance firms in the country, will outsource more than 1,100 jobs to India over the next few years. Royal and Sun Alliance said it will save over £10 million a year by switching call centre and customer service work to Bangalore. The firm, the second biggest general insurer in the UK, already employs 100 workers in

SourceExperts.comhttp://www.blogger.com/profile/00440018431366120818noreply@blogger.com0tag:blogger.com,1999:blog-7172010.post-1097033632437743382004-10-05T23:33:00.000-04:002004-10-05T23:33:52.436-04:00

The Times of India reports Prudential saved 60 million pounds by outsourcing call centers and back office operations to India 18 months ago. "Because of the processing centre we have much higher quality of products and we have effected a cost saving of 60 million pounds, though it resulted in a loss of job of 900 in the UK," said Hugh Davies, Director, Prudential Corporation Asia. "Without

SourceExperts.comhttp://www.blogger.com/profile/00440018431366120818noreply@blogger.com0tag:blogger.com,1999:blog-7172010.post-1097031586016585092004-10-05T22:59:00.000-04:002004-10-05T22:59:46.016-04:00

ITworld.com reports India professionals, venture capitalists and entrepreneurs of Indian origin helped promote India as an outsourcing destination, according to a study conducted for the World Bank Institute in Washington, D.C., by Evalueserve Inc., a business intelligence and research firm. "While other low-cost destinations are slowly catching up with India in outsourcing, the country will

SourceExperts.comhttp://www.blogger.com/profile/00440018431366120818noreply@blogger.com0tag:blogger.com,1999:blog-7172010.post-1096648701339799462004-10-01T12:38:00.000-04:002004-10-01T12:38:21.340-04:00

The Mercury News reports California Governor Arnold Schwarzenegger vetoed legislation aimed at preventing the outsourcing of California jobs to foreign countries, claiming the measures would erect 'artificial barriers' to economic growth. "There is a right way and a wrong way to expand economic opportunity in California," he said in a statement on one of the three vetoed bills Wednesday. "The

SourceExperts.comhttp://www.blogger.com/profile/00440018431366120818noreply@blogger.com0tag:blogger.com,1999:blog-7172010.post-1096648498655450482004-10-01T12:34:00.000-04:002004-10-01T12:34:58.656-04:00

International Herald Tribune reports Vietnam is making a big push into becoming an outsourcing destination. Mathematics has been a strong suit of Vietnam's educational system and now the government is trying to train people in computer skills. "Wages remain extremely low: World'Vest Base hires recent graduates with accounting or finance degrees, but no experience, for a starting salary of $100 a

SourceExperts.comhttp://www.blogger.com/profile/00440018431366120818noreply@blogger.com0tag:blogger.com,1999:blog-7172010.post-1096481272228480832004-09-29T14:07:00.000-04:002004-09-29T14:07:52.226-04:00

vnunet.com reports a cut-down version of Windows XP is being released in India and other developing technology markets like Thailand, Malaysia, Indonesia and Russia. This version includes a Hindi interface and will be available early next year. "This low-cost, customised and localised technology will spur PC usage, creating a new breed of technology-aware citizens to contribute to India's growth

SourceExperts.comhttp://www.blogger.com/profile/00440018431366120818noreply@blogger.com0tag:blogger.com,1999:blog-7172010.post-1096347022502583802004-09-28T00:50:00.000-04:002004-09-28T00:50:22.503-04:00

NEWS.com.au reports companies that centralise IT services with an outsourcer or a shared services group need to design deals that can be broken up if part of the company is sold. Minter Ellison partner Keith Robinson says the increasingly popular shared services model could make it difficult and expensive to break off elements of a company in a merger or acquisition, unless the services deal is

SourceExperts.comhttp://www.blogger.com/profile/00440018431366120818noreply@blogger.com1tag:blogger.com,1999:blog-7172010.post-1096258408041299082004-09-27T01:13:00.000-04:002004-09-27T00:37:21.430-04:00

The Straight Times reports the Singapore unemployment rate is expected to drop as firms restructure and outsource work, according to labour leader Lim Boon Heng. "On the recent moves by companies such as Singapore Airlines and Singapore Airport Terminal Services (Sats) to outsource jobs, Mr Lim said that it is one outcome of a more competitive environment. The national carrier announced last

SourceExperts.comhttp://www.blogger.com/profile/00440018431366120818noreply@blogger.com0tag:blogger.com,1999:blog-7172010.post-1096258637173939072004-09-27T00:17:00.000-04:002004-09-27T00:17:17.173-04:00

The Straight Times reports the Singapore government has identified 12 services which can be outsourced to private companies as part of an ongoing economic drive. "The functions submitted by government ministries and statutory boards are: library and legal services; human resource; training; carpark services; call centres; IT; facilities, document and project management; security; and finance and

SourceExperts.comhttp://www.blogger.com/profile/00440018431366120818noreply@blogger.com0tag:blogger.com,1999:blog-7172010.post-1095910146577006242004-09-22T23:29:00.000-04:002004-09-22T23:29:06.576-04:00

BusinessWeek Online reports the wage gap between the US and Asia is quickly narrowing which could diminish the cost savings of sending work overseas. "The demand for English-speaking service workers in Bangalore is so high that GE as well as Infosys Technologies (INFY ) and Tata Consultancy Services are now looking outside major Indian cities to set up new call centers and other operations

SourceExperts.comhttp://www.blogger.com/profile/00440018431366120818noreply@blogger.com1tag:blogger.com,1999:blog-7172010.post-1095876047628496892004-09-22T14:00:00.000-04:002004-09-22T14:00:47.626-04:00

Computerworld reports many companies fail to take into account cultural differences that may affect their security when outsourcing, according to experts attending the Gartner IT Security Summit in London today. At issue is not so much the security that outsourcing service providers use to protect companies' systems -- such as firewalls and data backup -- as it is the cultural differences,

SourceExperts.comhttp://www.blogger.com/profile/00440018431366120818noreply@blogger.com1tag:blogger.com,1999:blog-7172010.post-1095714720679337222004-09-20T17:12:00.000-04:002004-09-20T17:12:00.680-04:00

CRM News reporst India's outsourcing industry is expected to face a shortage of 262,000 professionals by 2012. Kiran Karnik, president of the National Association of Software and Service Companies (NASSCOM), said the body had begun talks with IT firms, universities and governments about improving study courses to equip students for outsourcing and IT research jobs. "There are two-and-a-half

SourceExperts.comhttp://www.blogger.com/profile/00440018431366120818noreply@blogger.com2tag:blogger.com,1999:blog-7172010.post-1095714347108180322004-09-20T17:05:00.000-04:002004-09-20T17:05:47.106-04:00

allAfrica.com reports policy changes announced this month by the communications ministry of South Africa will lead to globally competitive telecommunications prices and ultimately more outsourcing business to South Africa. One of the country's less attractive features is its high telecommunications costs. But this is set to change following the news that the licensing of the second network

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EE Times reports India is attracting research and development outsourcing projects according to a strudy by Research and Markets of Ireland. R&D outsourcing to India is expected to grow from $1.3 billion in 2003 to $8 billion by 2010. "Growth in R&D outsourcing has been boosted by the outsourcing of services. Now, overseas companies that used India as a low-cost base are beginning to exploit

SourceExperts.comhttp://www.blogger.com/profile/00440018431366120818noreply@blogger.com0tag:blogger.com,1999:blog-7172010.post-1095458012062276242004-09-17T17:53:00.000-04:002004-09-17T17:53:32.063-04:00

vnunet.com reports Unisys chief and others foresee easier outsourcing ahead and indicators suggest offshore outsourcing has entered the mainstream as global organisations gain confidence offshoring new and complex services. Brian Hadfield, managing director at the IT services firm in the UK, said the future of outsourcing would see a move to packaged offerings and away from one-off, specialist

SourceExperts.comhttp://www.blogger.com/profile/00440018431366120818noreply@blogger.com0tag:blogger.com,1999:blog-7172010.post-1094794308511025352004-09-10T01:31:00.000-04:002004-09-10T01:31:48.510-04:00

Reuters.com reports WNS Global Services, India's largest independent back-office provider, is growing revenue by 50 to 60 percent. "Revenue grew 84 percent to $103 million in the year to March 2004, helping it unseat Wipro Ltd.'s Spectramind arm from the top of the list of independent Indian providers. The Indian business process outsourcing (BPO) sector has grown to $3.6 billion from nowhere a

SourceExperts.comhttp://www.blogger.com/profile/00440018431366120818noreply@blogger.com0tag:blogger.com,1999:blog-7172010.post-1094793934795982062004-09-10T01:25:00.000-04:002004-09-10T01:25:34.796-04:00

Kansas City Star reports Sen. John Kerry pledged to eliminate a tax break that U.S. companies get for foreign operations. Most likely this would only have a small effect on a limited number of companies and is unlikely to bring jobs back onshore. "Most experts say that outsourcing isn't to blame for many of the 1.1 million private-sector jobs that have been lost over the past three years. And

SourceExperts.comhttp://www.blogger.com/profile/00440018431366120818noreply@blogger.com0tag:blogger.com,1999:blog-7172010.post-1094616279841795012004-09-08T01:04:00.000-04:002004-09-08T11:47:40.486-04:00

Fool.com reports on the impact of outsourcing in America and it's effect on jobs. "What we need is a way of determining whether the gain is worth the pain. Suppose the net benefit to America is the degree to which the average employee's purchasing power increases. The benefit really depends on four factors: the proportion of consumer expenses spent on potentially outsourced goods, the decrease

SourceExperts.comhttp://www.blogger.com/profile/00440018431366120818noreply@blogger.com0tag:blogger.com,1999:blog-7172010.post-1094615946339274072004-09-07T23:59:00.000-04:002004-09-08T11:50:56.210-04:00

Philippines newspaper ABS-CBNNEWS.COM reports the Philippines is set to join OutsourceWorld, which will be held in New York City next month, in an effort to find new outsourcing markets. "OutsourceWorld NY, which will be co-located with Technology Exchange Week New York, attracted some 43,000 international visitors last year. Over 200 exhibitors are expected to join this year’s event, which

SourceExperts.comhttp://www.blogger.com/profile/00440018431366120818noreply@blogger.com0tag:blogger.com,1999:blog-7172010.post-1094529583536714532004-09-06T23:59:00.000-04:002004-09-06T23:59:43.536-04:00

SeattlePi.com reports foreign companies have created millions of jobs in the United States, far outpacing the amount of work that American businesses have sent abroad, Labor Secretary Elaine Chao said last week. "In the past year, employers have eliminated about 300,000 jobs in the United States in favor of cheaper labor elsewhere, Chao said. Yet about 9 million Americans currently work for U.S.

SourceExperts.comhttp://www.blogger.com/profile/00440018431366120818noreply@blogger.com0tag:blogger.com,1999:blog-7172010.post-1094256139519496752004-09-03T20:02:00.000-04:002004-09-03T20:02:19.520-04:00

Space Wire reports Malaysia is competing to become one of Asia's top outsourcing destinations according to Malaysian Prime Minister Abdullah Ahmad Badawi. "A global survey by US consultancy firm AT Kearney listed Malaysia as the third most attractive offshore location in terms of cost and skills behind India and China." "Abdullah said the Multimedia Super Corridor (MSC), launched in 1996 as

SourceExperts.comhttp://www.blogger.com/profile/00440018431366120818noreply@blogger.com0tag:blogger.com,1999:blog-7172010.post-1094160161178779562004-09-02T17:22:00.000-04:002004-09-02T17:22:41.176-04:00

Indian published Business Standard reports American firms and independent IT vendors are for the most part marking time, waiting for the US elections to be over. The jobs traveling to India are mainly resulting from the need to take care of growth and attrition and little because of layoffs. "Avinash Vashistha, CEO of the offshoring consultancy neoIT, predicts that next year IT services offered

SourceExperts.comhttp://www.blogger.com/profile/00440018431366120818noreply@blogger.com0tag:blogger.com,1999:blog-7172010.post-1094094617714671412004-09-01T23:10:00.000-04:002004-09-02T12:12:54.316-04:00

Market Week blog offers a unique view on outsourcing as the pruning of American jobs. In other words, America moves low return business to lower cost labor sources to focus more on higher return businesses. "In America we 'prune' low return businesses and invest in high return businesses. The textile industry in the USA is another case in point. Over time textile manufacturing moved from Great

SourceExperts.comhttp://www.blogger.com/profile/00440018431366120818noreply@blogger.com0tag:blogger.com,1999:blog-7172010.post-1094006833838916992004-08-31T22:47:00.000-04:002004-08-31T22:47:13.836-04:00

Sify.com reports an interview with N. Sivakumar, author of the book Debugging Indian Computer Programmers: Dude, Did I Steal Your Job? which defends H1-B/L1 visa holders and their contributions to the US economy. "Globalization is as American as mom and apple pie, and had been the American success formula for so long. But it should be streamlined. You can't ship all the jobs overseas. People

SourceExperts.comhttp://www.blogger.com/profile/00440018431366120818noreply@blogger.com0tag:blogger.com,1999:blog-7172010.post-1094005591266619972004-08-31T22:26:00.000-04:002004-08-31T22:26:31.266-04:00

Forbes.com reports U.S. companies that outsourced the most jobs in 2003 offered big pay increases to their chief executives. "The study says that CEOs of the top outsourcing companies earned an average of $10.4 million in 2003, 28% more than the average CEO compensation of $8.1 million." "The study makes no claim that there is cause and effect between outsourcing jobs and big CEO pay packages.

SourceExperts.comhttp://www.blogger.com/profile/00440018431366120818noreply@blogger.com0tag:blogger.com,1999:blog-7172010.post-1093560432957157182004-08-26T18:47:00.000-04:002004-08-26T18:47:12.956-04:00

InfoWorld reports Indian outsourcing company Infosys Technologies Ltd. is running out of space in it's first location in China and looking for a second facility. "Infosys is building up its operations in China to tap into demand for IT outsourcing from Japanese and South Korean companies as well as from multinational companies that are doing business in China, Suryaprakash said. In the future,

SourceExperts.comhttp://www.blogger.com/profile/00440018431366120818noreply@blogger.com0tag:blogger.com,1999:blog-7172010.post-1093498303707245362004-08-26T01:31:00.000-04:002004-08-26T01:31:43.706-04:00

The Times of India reports Reuters move to outsource editorial jobs to India has signaled a new era in global media and publishing. "New York Times is already outsourcing many components of its publishing tools from a US-based software company, which is offshoring work to India. Digitalisation work of US newspapers are also outsourced to Indian companies." "Reuters centre in Bangalore will hire

SourceExperts.comhttp://www.blogger.com/profile/00440018431366120818noreply@blogger.com1tag:blogger.com,1999:blog-7172010.post-1093396067563804392004-08-24T21:07:00.000-04:002004-08-24T21:07:47.563-04:00

InfoWorld reports a conference at Stanford University between opponents and proponents of offshore outsourcing resulted in clashing opinions. The debate was held at the Hot Chips event sponsored by the Institute of Electrical and Electronics Engineers (IEEE). "Carl Everett, a partner at Silicon Valley venture capital firm Accel Partners, argued that outsourcing offers an opportunity companies

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ComputerWeekly.com reports Barclays Bank is to acquire a 50% stake in Mumbai, India based Intelent Global Services, the business process outsourcing (BPO) arm of HDFC. "Indian BPO companies need capital, brand and marketing muscle abroad to scale their businesses, and consolidation is expected to continue, according to Ravindra Datar, principal analyst for IT services and BPO at Gartner India

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The Inquirer reports some leading IT companies are threatening to pull out of Bangalore, India if conditions do not improve. "Representatives from India's biggest outsourcing companies say fear they will lose customers because of the city's poor infrastructure, irregular power supply and increasing taxes. Already, according to the The Times of India, Infosys and Wipro have threatened to take

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The Straits Times reports a customer of British bank Lloyds TSB claims its plans to outsource work to India could be breaking British Law. "The unnamed customer, whose action is supported by Lloyds' union, is asking the British Information Commissioner to rule on whether Lloyds is breaching data protection laws by not asking customers for their written consent before transferring sensitive

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Reuters reports the Philippines economy and it's recent graduates worry about how the United States will approach outsourcing in the near future. The upcoming presidential election and stricter tax steps may threaten the flow of outsourced work there. With the United States accounting for 90 percent of outsourced work in the Philippines, stricter tax steps being threatened against companies that

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News.com clears the confusion over outsourcing in an interview with John McCarthy, VP, Forrester Research. His orginal study, published in 2002, in large part touched off the heated debate over what's come to be commonly known as "offshoring." "The reports transformed McCarthy into an offshoring guru who was highly sought after by the media. But news stories have at times mangled his analysis.

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News.com reports nearshore outsourcing to Eastern bloc countires by the United Kingdom is favored as opposed to offshore destinations like India. "The projected growth, however, is still relatively small when compared with the size of the traditional offshore market, particularly in India. Datamonitor forecasts that outsourced call center positions in the European nearshore regions of Central

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ComputerWeekly.com reports IBM is using South Africa as a back-up to India for is outsourcing needs. "Abdul Mohammed, IBM's business development executive in South Africa, said, 'Although some Eastern European countries may be able to provide cheaper outsourcing solutions, the value of the Rand, the favorable time difference, as well as our proficiency in English, are shifting a considerable

SourceExperts.comhttp://www.blogger.com/profile/00440018431366120818noreply@blogger.com0tag:blogger.com,1999:blog-7172010.post-1091513217419327972004-08-03T02:06:00.000-04:002004-08-03T02:06:57.420-04:00

Reuters.com reports Microsoft denied reports that is was outsourcing development of its next version of Windows to contractors in India. "Stacy Drake, a Microsoft spokeswoman, denied that development work on Longhorn was being outsourced to India, saying that only some testing work related to the next generation Windows operating system was being contracted to outside partners in India." "Other

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InformationWeek Reports Virginia Tech is teaming with an Indian business school to offer a master's degree in information technology. "The institute, based in Mumbai--formerly known as Bombay--characterizes the program as offering 'high-class U.S. education' that's customized to address the needs of the IT industry in Asia." "As their country's economy grows, the Indian educators recognize the

SourceExperts.comhttp://www.blogger.com/profile/00440018431366120818noreply@blogger.com0tag:blogger.com,1999:blog-7172010.post-1091071775249303482004-07-28T23:29:00.000-04:002004-07-28T23:29:35.250-04:00

Sify.com reports India will ease the tax burden on multinationals outsourcing work to units in India. "The rule change removes a distinction that had meant the outsourcing units of multinationals were taxed more heavily than other parts of their business in India, the Economic Times said in an unsourced report." "The newspaper said Finance Minister Palaniappan Chidambaram had resolved the issue

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KansasCity.com reports Atlanta, Georgia based First Consulting Group will hire 160 programmers in Bangalore to develop software for Atlanta based Witness Systems. "He said the Bangalore programmers will develop software that runs call center operations and Internet-based telephony. Witness Systems employs 600 people worldwide and has annual revenues of $110 million. First Consulting group

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UK based vnunet.com reports Zurich Financial Services has outsourced its global IT applications to Computer Sciences Corporation in a seven-year agreement estimated to cost $1.3bn. "Zurich's chief information technology officer Michael Paravicini said the deal would improve efficiency of applications service delivery. 'This relationship is an important enabler for Zurich's further evolution from

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Yahoo! News is reporting Oracle Corp. is looking to increase its research capacity in China. "California-based Oracle, the world's second most valuable software company after Microsoft Corp., runs two research facilities in China, one in the capital and another in the southern boomtown of Shenzhen." "It is now considering establishing new research bases in the less prosperous regions of western

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Gulf Daily News reports India's third-largest software exporter, Wipro, profits grew by 83% in the first fiscal quarter from the previous year. This gain is attributed to high demand for outsourcing services and higher prices paid for software development. "Wipro has added 35 new clients in the last quarter and 23 of them are based in the US, while the company has hired 3,015 programmers in

SourceExperts.comhttp://www.blogger.com/profile/00440018431366120818noreply@blogger.com0tag:blogger.com,1999:blog-7172010.post-1090474283712087672004-07-22T01:31:00.000-04:002004-07-22T01:37:14.503-04:00

InformationWeek reports the public perceptions of outsourcing will have no impact on decisions to outsource jobs for many companies. Or at least their ability to speak publicly about it. This is based on a survey conducted by Patni Computer Systems of 100 clients. "The survey Patni conducted of 100 clients reveals that more than half felt that public perceptions of outsourcing will have no

SourceExperts.comhttp://www.blogger.com/profile/00440018431366120818noreply@blogger.com14tag:blogger.com,1999:blog-7172010.post-1090367599240963012004-07-20T19:53:00.000-04:002004-07-20T19:53:19.240-04:00

InformationWeek reports big outsourcing deals valued at more than $1 Billion are projected to grow this year. This is according to a survey by Technology Partners International (TPI). "TPI's survey also indicates that demand is rising sharply for business-process-outsourcing services, under which a vendor takes over the operation of an entire business function within a company. "2004 will be a

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The Australian reports the Business Council of Australia has release a position paper on offshoring information technology and other services to lower-wage economies. "While we should not discount the costs involved with adjusting to these changes, we cannot afford to turn our back on offshoring as a new source of opportunity and competitiveness for Australian-based business." "Furthermore, a

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Sify.com reports US presidential candidate John Kerry has changed is position on outsourcing. He vows to maintain good relations with India intiated by former democratic party US president Bill Clinton. '"We recognise that outsourcing is a reality, but at the same time, we want to develop our jobs and industries more at home too."' But Senator Kerry is an internationalist and I think India

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ZDNet reports U.S. states are offshoring $75 million worth of contract work by at least 18 companies. This is according to a report released by the tech professional advocate group WashTech. '"We find that foreign information-technology contractors are aggressively poised to capture more state government work," the report concluded. "State policymakers are not well-positioned to respond, since

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CRM News reports another article on best practices for offshoring and possible downsides if these practices are not followed. This is a good article and offers many tips on how to get the most out of your outsourcing project whether big or small. "As a rule, anything that a client can cleanly specify and deliver as a firm requirements document to the offshore team is most effective. Clear,

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Fool.com writes about the complexities concerning the offshore outsourcing debate. "It's a complex issue. Supporters argue that if more American jobs remain here, including manufacturing jobs, Americans will face higher prices for products and services, since American workers are paid much more than those in developing nations and other countries. They make a good point that firms need to do

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destinationCRM.com is reporting offshore outsourcing is not as widespread as once believed. This is according to a recent poll of 275 CFOs and financial executives by CFO magazine. But 64 percent of those surveyed believe that within 2 years they will outsource offshore. "Even those companies that are offshoring may simply be dipping a collective toe in the pool, having dispatched, on average,

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