subject: Outsourcing: Riding the Wave of the Future Regarding A Diverse Range of Different Employment Fields [print this page] Outsourcing: Riding the Wave of the Future Regarding A Diverse Range of Different Employment Fields
As the market continues to flounder and resources become more and more scarce, the need for outsourcing strengthens. Why pay someone in the United States $10 per hour when you can send the work overseas and for a small administrative fee, hire employees at $5 per hour to perform the same work? It's a no-brainer, or is it?
Outsourcing may best be defined as a company that contracts with another company to provide services that might otherwise be performed by in-house employees. Initially, outsourcing began with large companies such as Ford and other industrial organizations with the primary source of income being physical labor. But in recent years, many companies who otherwise never outsource their work have begun to do so. Some of these companies include Bank of America, Cisco Industries, Citigroup and CNA. Unfortunately for the consumer, outsourcing provides a diverse range of benefits for the companies who use it. Consider this: A worldwide company such as Bank of America has to employ thousands of customer service representatives every year. If for example, Bank of America has to employ 10,000 Customer Service Representatives at $10 per hour, which means they have to pay a total of $100,000 per hour for their team of Customer Service Representatives.
Instead, if the employer can hire employees overseas to conduct the same work at $5 per hour, that would amount to only $50,000 per hour for their team of Customer Service Representatives. Now multiply the $50,000 per hour x 8 hours per day x 365 days a year - the savings is obvious and impossible to ignore. Just as there are benefits to outsourcing, there are also negatives as well. First, imagine the number of jobs that are Americans lose each and every day. Moreover, if less Americans are employed, that means Americans have less money to spend. If they have less money to spend, then they have less money to put back into the economy; there is a causal relationship between the economy and outsourcing and it's the workers who suffer.
It's unfair to take away jobs from Americans and send them overseas, thereby contributing to other countries' economies while taking away from our country. Moreover, there is an additional loss that America is suffering as a result of outsourcing - atrophy of skills. With less and less Americans employed, that is less Americans able to improve and enhance their skills. This is most evident in such industries as consumer electronics, small appliances, toys, and others. In fact, China and India graduate ten times more engineers than the United States. And, most US engineering school graduates are foreigners who don't stay here.
Whether for good or bad, outsourcing is here to stay. The best thing we can do as a nation is learn to embrace outsourcing, while finding a way to streamline and optimize its operations. While the future of business depends on outsourcing, the strength of our nation depends on its workers.
Matthew S. is a Certified Professional Resume Writer and Member of the Professional Association of Resume Writers and National Resume Writer Association. He is a nationally renowned resume writer and has worked with top companies, Fortune 50 Executives and federal agencies. He is the owner of the http://www.TheBestResumeServices.com and http://www.NewFederalResumes.com
