Advantages Of Outsourcing Essay

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Outsourcing and It’s Advantages In 2004 the democratic presidential candidate race was zeroed down to which candidate proves his protectionism in eyes of average Americans, who are worried about the increasing number of job losses due to outsourcing and off-shoring. To sum up the sentiments management thinker Tom Peters puts it in one of his presentation (Tom Peters 2004) –“when I was young my mom used to tell me finish your food, people in India and China are dying of hunger. Today I tell my daughter finish your homework, people in India and China are looking for your job”. Outsourcing and off shoring has become the latest rage in corporate America. Companies are resorting to outsourcing to cut costs and be competitive in the market. This focus on outsourcing has led to shipping out of thousands of American jobs to farfetched place like India and China. Today young people sitting in their offices in Bangalore and Dublin are answering average American’s insurance queries, planning their taxes, helping them fixing their computers, providing information regarding their credit card accounts and helping them in planning their debts. The surge doesn’t last there it has now started threatening the white collar jobs which was once considered Americas birth right. So what will be the future for American jobs market, will it be as doomed as the candidates in the presidential race made to believe us or we have to dig deeper to find the real truth. What is Outsourcing and difference between Outsourcing and Off-Shoring Outsourcing and off-shoring are taken one for another but there is a fundamental difference between outsourcing and off-shoring. Outsourcing is defined as the exporting of non-core business operations or jobs from internal production within a business to an external entity which specializes in that specific operation. Decisions regarding outsourcing

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