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Offshore outsourcing is everywhere—boardrooms, newspapers, magazines, cable news, even chat groups. The noise quotient around offshore outsourcing is reaching epic proportions. In this article we outline whats taking place in offshore outsourcing and its potential impact on your job. ...
Offshore Outsourcing: Fad or Trend?
Offshore outsourcing, especially in software application development and maintenance, manufacturing, and logistics, is nothing new. Companies have been outsourcing offsite or offshore for at least two decades. What is new is the rapid growth in business process offshore outsourcing in areas such as customer care, transaction processing, finance and accounting, human resources, desktop support, and software development. ...
However, like all overhyped management innovations, offshore outsourcing is bound to reach a short-term peak, especially in information technology. ... Offshore outsourcing is currently in a "honeymoon period. ... The companies that arent serious about offshore outsourcing at this point will begin to retreat and either reevaluate their strategies or cancel their offshore plans altogether. ... If economic recovery falters, offshore outsourcing is going to accelerate. In the long term, like the manufacturing migration to the Pacific Rim countries, business process and IT offshore outsourcing is bound to happen. ...
But the nature of offshore outsourcing is changing. ... The outsourcing firms are offshoring. ... In offshore outsourcing project management, new skills are needed.
Trend #1: Offshore Business Models Are Growing
As offshore outsourcing becomes more prevalent, large corporations explore which offshore business model makes sense for their organization. ...
Model Practitioners
Global delivery or blended outsourcing models Large global vendors
Global shared services center Large multinationals
Onshore/Offshore hybrid delivery model Midsize and large offshore vendors
Build-operate-transfer (BOT) model Risk-averse corporations
Offshore multisourcing model Experienced multinationals
Of these models, the global delivery model (e. ...
Trend #2: Outsourcing Firms Are Offshoring
Surprising no one, professional services and outsourcing firms have begun to build up their nearshore and offshore presence. ... In its press release, Perot Systems explained that acquiring HPS complements the companys onshore/offshore application outsourcing model and increases its global software team. ...
Outsourcing firms like Accenture, Convergys, IBM, and HP are the most aggressive in migrating offshore. Expect to see more outsourcing companies execute offshore outsourcing under the label of global or blended outsourcing. ... To survive, startup and established companies have to bring products to market faster, and more companies have begun outsourcing product development to specialists skilled in enterprise software product engineering. ...
While outsourcing basic HR processes such as payroll, HR call centers, and recruiting has been an accepted best practice for decades, only in the last few years has the necessity of shedding entire noncore functions moved to the forefront of the outsourcing discussion.
Approximate Word count = 2041
Approximate Pages = 8.2
(250 words per page double spaced)
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