Hot Destinations to Outsource
September 17, 2008 · Print This Article
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By Stella Turner
"Every company should consider it. If they don't, they could be damaging their local viability."
- Roger Cox, Analyst, Gartner
Well said by Roger Cox, Analyst, Gartner Inc, outsourcing has become a common phenomenon around the globe; many large and small companies are stepping ahead to outsource. Overlooking the cultural and language barriers, many conglomerates from the world are coming forward to outsource to some unexplored countries. Companies choose to outsource for a number of reasons, such as cost-effective services, increased efficiency, higher productivity and better services. The current scenario of global marketplace declares outsourcing to be the major business and also predicts its future to be even brighter.
Where should you outsource… Find out which country and why?
Why Russia?
Many European countries are looking for an alternate option than India to outsource their work, Russia is considered to be the best location which provides with favorable opportunities to outsource work. It fascinates companies with its huge pool of high-tech and engineering talent shaped up by the finest education systems in the world. Russia provides a very strong home-grown IT sector that is receiving strong government support; it has both cultural and geographical proximity to the West; and it has a distinct cost of labor advantage. Some of the categories you can outsource your work such as data management, web application/design, content management, e-commerce, education, entertainment and software packaging, translation, design work, custom R&D and specialized testing.
The country has a highest number of programmers' population with its 250,000-strong software engineers - more scientists per capita than Britain, Germany, India, and France. Many US companies have placed R&D centers in Russia. Motorola, Siemens, Sun Microsystems, and Intel are the trendsetters.
Why Ukraine?
Ukraine is becoming a next hot destination to outsource work, as the IT sector has seen a tremendous growth during the last five years. This is the reason it attracting number of corporate across the world. The IT products from Ukraine are much in demand among Western countries. The USA and Western Europe are the primarily import software development services from Ukraine. The culture, the lifestyle of Ukranian people is similar to Europeans, the location and the time difference between Ukraine and Western Europe is only one hour, which is very convenient for business communication and capturing attention of various European conglomerates.
A brief overview on some more facts about Ukraine:
1. Literacy rate –98%
2. Fastest growth rate in the Europe
3. GDP growth is estimated 8%
4. Industrial Growth is 6%
5. Foreign direct received in $10 billion in
6. Lowered unemployment rate
7. Income increased by 21% and 18%
8. Salary growth around 34%
Why Philippines?
The Philippines is quickly becoming the preferred destination for foreign investments around the world. In recent years many US and European jobs have flooded to these locations to outsource. The numbers of jobs are majorly from accounting, information technology, services and manufacturing positions. Many companies are finding it easy to deal with the talent from this location because of its English speaking abilities, high literacy rate, flexibility, easy to be trained and Cultural affinity makes it simple to outsource to this country.
I Think India is still the hot and happening destination for outsourcing, not because of cheap labours but because india provide the most experience professional in terms of outsourcing,
and BPO industry is growing day by day in India despit of thes speculations.
cheers!!
Amar
http://www.cleaveglobal.com
Outsourcing companies in the Philippines are increasing, these because Philippines considered as a third English speaking country, they provide an highly trained professionals and bid inexpensive services. It make easier to outsource in the Philippines because they can easily understand, detail oriented, flexible, has creativity in technical knowledge and provide excellent customer services.