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- What is outsourcing?
- What is offshore Outsourcing?
- Best Contact Center Outsourcing Destinations
- How to select BPO Companies?
- BPO Industry
- Outsourcing Advantages
- Job Outsourcing
- India Offshore Outsourcing
- Global Outsourcing - Benefits and Losses
- What is Business Process Outsourcing?
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Outsourcing as a phenomenon is nothing new and has been going on since ages. But since 1990 the offshore outsourcing market has grown by leaps and bounds bringing it into scrutiny and speculations. Many political parties in America have made outsourcing a major issue in their election campaigns and the fight between supporters and non supports of outsourcing seems to be as fresh as ever. Discussed below are some outsourcing statistics
Outsourcing Statistics
Of all the jobs being outsourced its Information Technology outsourcing or the global it outsourcing that stands out of the rest by taking almost 28% of the total outsourcing market. Next in line is human resource outsourcing with 15% closely following by sales and marketing outsourcing with 14% and financial services outsourcing with 11%. The rest make up the 32 % with administrative outsourcing and the like. Most jobs are outsourcing by Multinational companies and the favorite destination as of now is India followed by Philippines and China.
Risks in Outsourcing
Although the outsourcing statistics provide us with a positive picture there are certain problems associated with outsourcing. The major ones can be classified as follows:
Geographical problems:
Offshore outsourcing can lead to many problems that are associated with the geographical location of the offshore destination. Some of these problems can be language problems, accent problems, political instability, change in laws and regulations, labour laws, cultural issues and so on.
Infrastructure and operational problems:
Infrastructural and operational problems can be in the form of improper communication infrastructure, improper disaster recovery capacity of the country, power generation capacity, non renewable resources availability and so on. So before selecting an offshore destination, it becomes inevitable for anyone to check out on all these statistics for offshore outsourcing and factors for the success of an outsourcing project.
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