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Showing posts with the label back office support operation

Outsourcing Agencies Find New Ways In Eastern Europe

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After see the news yesterday about India Inc.’s plan of action to Start operations in Eastern Europe and hire multilinguals to work on the European finance and accounting industry does not shocked me anymore. Previously it discussed about how Europe can be more comfortable with outsourcing all over the Asian countries specially to the Philippines. It has been discussed that Philippine Outsourcing re-focusing its activities to the European market in place of US political and trade condition changes. There is no doubt if there is outsourcing need in European countries the most necessary question to ask is how to monetize this growing economic process. There are several ways to make it true. Outsourcing organizations can hire multilingual professional or they can set up operations in the Eastern region of Europe where there are more European-languages speakers who charge at common sensible rates or they can do both. A good strategy for small to medium size outsourcing companies or Call C...

American organisations against Obama's H1-B visa stance

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United States of America. President Barack Obama's 'Say no to Bangalore, yes to Buffalo' rhetoric, which has increased strong ground when the Durbin-Grassley's anti H-1B visa bill has came to know, It has failed to increase co-operation of the American companies. Many of the U.S. firms have jointly, launched a campaign against the newly proposed law as it would lead to a job loss of as many as 2.2 million Americans. The Technology CEO Council, a Washington-based advocacy group of U.S. American tech-companies, in its protest has released a report that reveals the affects of the new policy of Obama administration to end 'tax breaks'. The new law that ends tax incentives to those firms which create jobs overseas, would also lead to a decline in investments in the U.S. plants, equipment and property by as much as $84.2 billion. Repealing or sharply limiting deferral would not generate large tax revenues, since substantial job losses, wage cuts and lower investments...

Global Outsourcing Market Transction Volume Seven percent Dropped in First Quarter

Global outsourcing market decreased 7% in transaction volume in the first quarter of 2009 as compared to forth quarter of 2008 , according to Everest Research Institute the latest quarterly Market Vista: Q1 2009 report on global outsourcing and offshoring activity, the global annual contract value (ACV) dropped 16 per cent to $2.97 billion during the period and BPO industry dropped 15% in transaction volumes. “Our analysis reveals that aggregate US$ revenues across the Market Vista Index of suppliers continued its decline and dropped by 2.2% in Q1 2009, falling in step with the 2.5% decline in previous quarter. Revenues of offshore-centric suppliers registered a 2.3% decline, while those of traditional global suppliers declined by 2.2 percent.” Mr Nikhil Rajpal, Principal, Everest Group, said. The North American outsourcing market witnessed a 15 per cent decrease in transaction volume during the quarter. Although Europe witnessed a reduction in transaction volumes, its ACV was highe...

Obama's announcement no tax breaks to outsourcing companies, is politics - US expert Say

US management expert and chief executive of Linkage Inc, a global firm say that US President Barack Obama's announcement no tax breaks to the outsourcing companies, is just politics Whatever Obama is doing is just politics. It's the arrogance of the US to think creating jobs overseas will result in job losses back home. According to Harkins such measures (offering tax sops) will not stop US firms from outsourcing talent where it's available at a best cost. Terming Obama's observations on outsourcing as political posturing, Harkins said in the recent globalised world, companies look for sharing resources, be they human or investments, to remain competitive and sustain growth even in a downturn. 'I don't think American firms will stop outsourcing jobs overseas only just for availing tax incentives at home in a global economy. By outsourcing business where they are beneficial and cost-effective, they actually protect jobs back home and stay competitive,' he s...