I, the Graduating Engineering Student Turned Incidental Writer (twelfth stride) – Basic premises 2

Foreword

Foreword

This series of articles, on the travails and torments of required writing for school term papers, thesis or dissertation, are purposely taken in the point of view of the student in the graduating or senior years. Hopefully, they reveal how much anguish and agony he goes through in every phase of the activity he is obliged to present, even to defend in front of a panel of peers, prior to receiving his much toiled-for diploma.

Previously

The graduating student is earnestly deep into the project study he previously regarded with antipathy. Through conscious force of habit, he goes back to the fundamental concepts and definitions to preserve his focus.

More on my research on the Business Process Outsourcing industry:

It is estimated that every dollar of U.S. labor cost assigned overseas, generates $1.12-$1.14 in additional value for the American economy by making goods and services cheaper, and companies more competitive.

An Overview

The global revenue amounts to US $ 525 billion, of which US $ 74.5 billion are from Technology Crossover Ventures. Broken into specifics, also in US $ billion:

By Industry: Financial Service 20.4, Manufacturing 16.2, Telecommunications 12.8, Energy 6.7

Healthcare 5.7, Travel 5.4, Business 3.9, Retail 3.4

By Function: Infrastructure 27.0, Applications 10.0, Network 7.1, Financial 2.8, Contact Center 2.4

Multi-processing 1.4, Procurement 1.2, Human Resource 0.9

Leading destination countries worldwide with their respective share of the industry:

India 21%, Russia 10%, Philippines 9%, Eastern Europe 8%, United States 7%

Mexico 7%, Israel 7%, all the rest 31%

Pros & Cons of outsourcing to third party vendors:

Advantages

Focus on business core only.

Benefit from best-of-breed solutions.

Better quality at lower costs.

Better process maturity, resource flexibility and economies of scale.

Flexibility in deploying new technology.

Disadvantages

Burden of excess capacity or challenge of insufficient capacity.

High personnel attrition.

Tight business margins.

Not enough local financial muscle to sustain tight payback periods.

Unforeseen developments

Pros & Cons of outsourcing inside host or origin country:

Advantages

Securing data is less complicated.

Capture margins that would otherwise go overseas

Decision making authority contained within the organization.

Tighter management control

Disadvantages

Expensive specialist skill in host countries.

Compliance and legal restrictions.

Unavailability of skilled manpower due to market stagnation.

Requires considerable effort in terms of management's time and attention to establish

Job categories moving offshore from the United States in the years 2000-2005-2010-2015:

Management: 0 - 37,477 - 117,835 - 88,281

Business: 10,787 - 61,252 - 161,722 - 48,028

Computer: 27,171 - 108,991 - 276,954 - 72,632

Architecture: 3,498 - 32,302 - 83,237 - 84,347

Life Sciences: 0 - 3,677 - 14,478 - 36,770

Legal: 1,793 - 14,220 - 34,673 - 74,642

Art, Design: 818 - 5,576 - 13,846 - 29,639

Sales: 4,619 - 29,064 - 97,321 - 26,564

Office: 53,987 - 295,034 - 791,034 - 1,659,310

Next: thirteenth stride basic premises 3

I, the Graduating Engineering Student Turned Incidental Writer (twelfth stride) Basic premises 2

By: Mindrich Velos

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