The Future Of Outsourcing Trends
What is in store for business outsourcing? Will outsourcing continue to be one of the top business trends in the next 10 years? As more and more companies engage in outsourcing, there are still a number of companies apprehensive to do so because they remain unsure if this business trend will develop and improve in the coming years.
According to Mohanbir Sawhney, one of BusinessWeek’s most influential people in e-business, the future of outsourcing can be best compared to an hourglass, the blue-collar jobs at the bottom while the white-collar jobs on the top are getting hit the most. Shawhney explained that since there is a growing demand for skilled workers in developed countries, more people would rather work as a skilled worker and earn more than stick to their low paying jobs. Sawhney further adds that as India and China resort to more skill-oriented outsourcing, the questions that the United States would increasingly need to ask is: why should a software guy with the same qualifications be paid more in the US, when there is a similar guy in India willing to do the same job at one-fourth the cost.
Datamonitor, a London-based independent market analysis firm made a report about outsourcing showing what lessons were learned from past issues and what will drive the outsourcing industry forward. According to the report, outsourcing is continuously increasing its reach when it comes to vertical industry reach as well as geographic scope. Datamonitor further added that best-shoring is now considered the best emerging strategy for outsourcing business. This shows that more companies are choosing to outsource specific company functions to locations best suited to perform them. This way, investors would save on costs of sourcing the work domestically and this could further remove the implacability of using only one offshore location.
The globalisation of the workforce will continue to emerge and there will be a push to increase the quality of outsourcing skills set. In a special report conducted by BusinessWeek, it states that the management challenges will grow even more urgent as the increase in global salaries dissipate the easy cost gains from offshore outsourcing. Furthermore, the successful companies in the future will be those that take advantage of global talent to help transform the company and their industry while still providing jobs for everyone. The author who’s an expert in web design has done much research in terms of outsourcing trends and he’s also started his business in IT outsourcing and search engine optimisation.