Search
      Channels
  News
  Home Loans
  Commercial Loans
  Insurance
  Credit Cards
  Calculators
  NRI Center
     Investment
  Mutual Funds
  Stock Research
  Market Tools
  Special Reports
  Fund Focus
  Company Focus
  Sector Focus
  Interviews
     Services
  Greetings
  Message Board
Partners
Home -> Finance -> Full Story

Outsourcing will increase in next one year: Survey
Saturday, March 27 2004 12:25 Hrs (IST)

Washington: Corporate executives in the US expect to increase outsourcing to offshore locations like India in the next one year despite a growing political backlash in America, a survey of more than 180 companies has revealed.

According to the survey, conducted by Chicago consulting firm DiamondCluster International Inc, 86 per cent of the companies polled said they expect to send more technical jobs overseas in the next 12 months, compared with 32 per cent two years ago.

However, 63 per cent of the executives said they are moving more slowly. They are moving incrementally instead of rapidly, compared with 30 per cent who were taking a cautious approach two years ago, the 'Wall Street Journal' reported.

Corporate executives, the survey also showed, have become more realistic about the savings they can get from outsourcing and are increasingly worried about backlash from the public and their own workers over moving jobs overseas.

The survey said 85 per cent of the executives were concerned about legislation or political pressure against outsourcing, while 84 per cent were worried about backlash from employees.

Sixty-two per cent said they were worried about negative corporate publicity that could be created by outsourcing.

These questions were not asked in the last survey.

PTI



Related Stories
BPOindia.org