Facts And Figures On Outsourcing
Facts And Figures On Outsourcing
Although the economy seems to be growing stronger, there are still fairly high levels of uncertainly about the global economy. Currency fluctuations continue and it is predicted that this instability will affect the type of contracts being drawn up between companies and outsourcing contractors.
It seems businesses will opt for short- term contracts in order to protect themselves from any possible economic downturn that may occur. The fear of committing to a financial responsibility they may not be able to honor will prevent more companies from signing on to longer term contracts.
- IT is about 28% of the total outsourcing market
- Roughly 80% of enterprises plan to increase their amount of IT outsourcing or keep it the same
- A recent survey asked tech CFO's where they would expand outsourcing. The most popular destination? The United States, at 22%. China 16%, and India 13%
- The most popular source of labor are Philippines, India and China.
Environmental awareness is increasing in every sector. The outsourcing community has not been overlooked. Companies are increasingly searching for ways to be more environmentally friendly and aware. They are thinking more about social responsibility, as these considerations have an increasing impact on the reputation of companies.
Outsourcing is probably not going away. Companies are going to do it. If you want o make your business plan without using it, that is great. But just know, the guy down the street is probably going to do it. That doesn't mean you have to. If you have the attitude that your company doesn't have to be the biggest, then stick to your guns and don't outsource out of the country.
Either way, you are not a bad person and if you are a good business mind, you will make it either way.
Facts And Figures On Outsourcing
