Offshore Information Technology Outsourcing Myths - Part 1

">• Write software
Here are a couple of the offshore IT outsourcing• Design chips
myths that are making the rounds:• Run computer systems
IT Offshore Outsourcing is Costing United States• Read MRIs
Citizens their Jobs• Process mortgages
Recent study has shown that every dollar that is• Prepare tax forms
spent on business processes outsourced to countries• As well as doing other essential tasks for the
like India, the United States economy gains at leastUnited States, Japanese, European and Chinese
$1.12. The largest share (58 cents) goes right back tobusiness corporations
the original employer. United States companiesCisco, Intel, GE, Oracle and Philips are among the top
perform 30 percent of Indian off shoring, so you see,multinationals with significant R&D facilities in India.
money returns back home as earnings. The UnitedActually, it would really be very challenging to find one
States has lost about 2 million jobs caused by global"Fortune 500" company that is clearly not outsourcing
trade over the past two decades but has added 35any part of its day to day business operations to
million new jobs in the last 10 years. Thanks to theoffshore outsourcing companies. Again, it is very
United States technology - that is, the boom in fiberpertinent to note that a lot of outsourced tasks are
optics and telephony that has directly contributed tosupporting operations that are certainly not part of the
the possibility of offshore information technologycore competencies of United States companies, such
outsourcing. The United States innovation will definitelyas:
still remain the biggest competitive advantage that this• Phone technical support
beloved country of ours has over developing nations• Software coding
that take on outsourced tasks. A lot of jobs that are• Human resource administration
not materializing during the economic recovery haveFor the love of work ethics! Never ever let anyone
been lost not through outsourcing, but throughmake you feel guilty for outsourcing work! You are not
improved business automation and efficiencies.doing anything wrong, you need to understand that
There is Stigma Attached to Offshore Outsourcingyour business has to succeed so that you can pay
In India, about 110,000 individuals are employed to do thethose taxes that will be used to take care of
following:"American" society's needs.