Offshore Information Technology Outsourcing Myths - Part 1
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The largest share (58 cents) goes right back to the original employer.
United States companies perform 30 percent of Indian off shoring, so you see, money returns back home as earnings.
The United States has lost about 2 million jobs caused by global trade over the past two decades but has added 35 million new jobs in the last 10 years.
Thanks to the United States technology - that is, the boom in fiber optics and telephony that has directly contributed to the possibility of offshore information technology outsourcing.
The United States innovation will definitely still remain the biggest competitive advantage that this beloved country of ours has over developing nations that take on outsourced tasks.
A lot of jobs that are not materializing during the economic recovery have been lost not through outsourcing, but through improved business automation and efficiencies.
There is Stigma Attached to Offshore Outsourcing In India, about 110,000 individuals are employed to do the following: •Write software •Design chips •Run computer systems •Read MRIs •Process mortgages •Prepare tax forms •As well as doing other essential tasks for the United States, Japanese, European and Chinese business corporations Cisco, Intel, GE, Oracle and Philips are among the top multinationals with significant R&D facilities in India.
Actually, it would really be very challenging to find one "Fortune 500" company that is clearly not outsourcing any part of its day to day business operations to offshore outsourcing companies.
Again, it is very pertinent to note that a lot of outsourced tasks are supporting operations that are certainly not part of the core competencies of United States companies, such as: •Phone technical support •Software coding •Human resource administration For the love of work ethics! Never ever let anyone make you feel guilty for outsourcing work! You are not doing anything wrong, you need to understand that your business has to succeed so that you can pay those taxes that will be used to take care of "American" society's needs.