Jobs Moving in Search of Lower Costs

The bane of the new economic recovery has for a very long time now been the excruciatingly high unemployment rates. Back office operations have been on an east-ward journey since 2008 in search of reduced labor costs. An average of about 365,000 white-collar jobs have moved each year reaching a total of nearly 1.5 million […]

750,000 jobs move to offshore destinations: Hackett Research Group

Hackett Group Inc, a leading business advisory and operations improvement consulting firm forecast that about 750,000 and more jobs will move to offshore destinations. According to the research group, companies in US and Europe will move jobs in finance, IT and other functions moved to offshore destinations such as India by 2016. However, the research […]

End of Outsourcing to India in years to come!

The Indian Outsourcing industry appears to be held up in a difficult situation with higher competition from the global clients and also lack of good talent. In the coming years, it is expected that outsourcing jobs to India will disappear. The Indian companies will rather be sidelined. As per the latest report published by Hackett […]

Procurement Outsourcing Basics

Procurement outsourcing is the transfer of specified key procurement activities relating to sourcing and supplier management to a third party, aiming to reduce overall costs and enabling the company’s focus on its core competencies. The most popular outsourced are vendor management of procurement categorization, indirect materials and services. Procurement Outsourcing in India As the Indian […]