Outsourcing
August 9, 2011 | 
Author International Association of Outsourcing Professionals Predicts Top Outsourcing Trends for 2008
Poughkeepsie, NY (PRWEB) December 29, 2007
Socially responsible outsourcing, global competition for talented employees and a power shift among outsourcing players will be among the key trends in the coming year, predicts the International Association of Outsourcing Professionals (IAOP).
Among the top five outsourcing developments to watch for in 2008 forecasted by IAOP Chairman Michael Corbett and Managing Director of Thought Leadership Jagdish Dalal are:
1) Socially Responsible Outsourcing
Outsourcing increasingly will be recognized for the value it brings to communities around the globe and companies engaged in outsourcing will be acknowledged for being good corporate citizens.
“With the shaky U.S. economy, presidential elections looming and a heightened awareness of how everyone’s actions impact the environment, outsourcing is poised to go politically correct in 2008,” Corbett said.
Companies providing, using and advising on outsourcing will become known for adhering to and advancing the highest ethical standards, contributing to communities, bettering the environment, and expanding career opportunities and training for employees, he predicts.
IAOP recognizes outsourcing leaders for their contributions to business and society through its “ Outsourcing Hall of Fame” award program that has inducted senior executives from such leading companies as Capgemini, Procter & Gamble, Accenture and Applied Materials.
2) Outsourcing Professionals Wanted
Outsourcing professionals will be sought after, valued and compensated for their important role in business. Today, more than 150,000 professional are involved in the $ 6 trillion global outsourcing industry and these numbers and the professionalism of the industry is only expected to continue to grow.
“The C-level suite is recognizing the importance of outsourcing,” Dalal said. “More and more outsourcing professionals will sit at the executive table with senior executives and define the very shape of business.”
IAOP continues to see strong interest in its outsourcing certification program. Teams of professionals and individuals from companies around the globe are receiving the industry’s first and sole professional certification – the Certified Outsourcing Professional (COP).
3) Global Talent Wars
Attracting, developing and retaining talented employees will become a major challenge for both outsourcing service providers and businesses building their internal capabilities as outsourcing increases in developing countries, especially India.
“The global talent wars will further widen the economic gap between the cost of talent management and expected cost baseline,” Dalal said in looking ahead.
4) Power Shifts from Dominant Players
Outsourcing industry leadership will move from a small group of U.S.-based service companies who have dominated the industry since its inception, including IBM, EDS, CSC and Accenture, to include foreign companies that are growing, such as TCS, Infosys and Wipro.
“The landscape is shifting, with large U.S. companies becoming major ‘offshore’ players while offshore players are establishing U.S. footholds through acquisitions and by establishing their own facilities,” Corbett said.
IAOP is seeing this trend in its annual ranking of the world’s best outsourcing service providers, Global Outsourcing 100. For the past two years IBM has remained at the top of the list but increasingly, Indian-based companies are rising in the top 10 ranks.
5) Globalization: A Race to the Finish Line
While businesses race to build their global talent portfolio, the best will all have their basics in place by the end of 2008. What was until just recently a new strategy for companies to offer competitive differentiation is now required of all. Any company not already well into the outsourcing game is at serious risk in today’s economy.
“Although the ink may be barely dry on the first revision of Tom Friedman’s book, The World is Flat, the globalization end-game is already in sight,” Corbett said.
About IAOP
The International Association of Outsourcing Professionals (IAOP) is the global, standard-setting organization and advocate for the outsourcing profession. With 40,000 customer, advisor and provider members world-wide, IAOP helps companies increase their outsourcing success rate, improve their outsourcing ROI, and expand the opportunities for outsourcing across their businesses. http://www.outsourcingprofessional.org.
Contact:
Michael Forbes
(845) 452-0600, ext. 118
mike.forbes@outsourcingprofessional.org
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Posted in Outsourcing | 
Tags: 2008, Association, International, Outsourcing, Predicts, Professionals, Trends | 
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Write-up by Lehman Hailey
Outsourcing work to third party service providers is the need to have of practically every single organization establishment around the world. Practically all large and small enterprises are now resorting to it. This helps firms focus on their main objectives. Nonetheless, corporations that outsource function have to shoulder the gargantuan task of searching for specialists to deal with their function, which takes a lot of time. This has necessitated the need to have to outsource outsourcingg work to assist companies locate far more time to concentrate on their core operations.
The idea of outsource outsourcing could sound confusing, but actually it is not. It means giving out the function of locating specialists to handle the outsourcing function for a organization, to a group of experts, who are well-versed with the phenomenon of outsourcing and realize the requirements of the company hiring them.
A business hires specialists to appear for specialists to handle its jobs. In simpler terms, these specialists act as a go-between, between a enterprise firm and its third party service providers. It is almost like extending the Human Resources (HR) branch of the organization by involving external players in taking important decisions about which is the appropriate group for handling its multifarious tasks.
HR specialists act as a bridge between the management of the firm and its employees, and this job is quite similar to that of an HR manager. Companies need to have a host of experts to take care of other jobs for them.
For this they could require writers, bloggers, graphic designers and a host of other professionals. While hiring a firm to handle a main chunk of crucial function may possibly appear worthwhile, searching for skilled workers to manage these assignments is an even larger and time consuming job.
Now there are a variety of crucial elements, which have to be kept in mind although discovering folks excellent sufficient to be a company’s partners in function. Credibility is a major factor that counts a lot in such relationships top quality of services and capability to meet deadlines are other elements.
In this case, it would be the job of these specialists to conduct a investigation of prior records of the companies that aspire to take up the outsourced work, holding interviews, preparing a report of suitable candidate companies that could be considered for outsourcing work. This indeed is highly appealing, beneficial and spares the parent business a lot of needless be concerned. However, identifying a dependable business colleague is a quite tedious and time consuming job as a lot of issues have to be regarded as. This is where one feels the need to outsource the task of identifying and interviewing appropriate specialists to function for them. When firms outsource outsourcing jobs to professionals, they can rest assured that these jobs of locating specialists to manage their further function would be taken care of extremely meticulously.
The concept of outsource outsourcing is undoubtedly very rewarding. Considering the growing competition all about, it is, in truth, a necessity that can not and should not be overlooked.
About the Author
Real World Business is a team-oriented Internet Advertising outsourcing firm that specializes in visibility resources. You can email the company at support@realworldbusiness.com or talk to a Visibility Resource Specialist (VRS) at (866) 855-3337.
Outsourcing 101 Â Offshoring for Beginners
Los Angeles, CA (PRWEB) June 18, 2004
Outsourcing has grow to be a “charged” word. It is an crucial concept to understand simply because of its business applications (both for corporations and for tiny companies) and due to the fact of its political implications.
For these factors, The Outsourcing Times has announced the launch of a unique report, “Outsourcing 101 Â Offshoring for Beginners”. The report is accessible on the web at http://www.blogsource.org/blog/2004/06/outsourcing_101.html .
Data in the guide is divided into 5 sections: The Definition of Outsourcing Company Process Outsourcing The Roots of Outsourcing Offshore Outsourcing and, The Politics of “Offshoring”.
The report was edited by Michael Johnston of The Outsourcing Times (http://www.blogsource.org). “The offshoring issue has turn into a spark for several differing political agendas. We’re attempting to give folks an objective beginning point to weigh the different aspects, whether or not they are taking into consideration outsourcing as a solution for their tiny company or trying to make an informed voting choice come November,” stated Johnston.
The Outsourcing Times is owned by Dotmarketer LLC, a privately held firm based in Los Angeles, California. For far more details, please go to http://www.dotmarketer.com . Pay a visit to the Outsourcing Times at http://www.blogsource.org .
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©Copyright 1997-
, Vocus PRW Holdings, LLC.
Vocus, PRWeb, and Publicity Wire are trademarks or registered trademarks of Vocus, Inc. or Vocus PRW Holdings, LLC.
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