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Article:
The Benefits Of Outsourcing by: Raymond Walsh The year 2005 is expected to be the year of 'outsourcing'. In case this word is new to you, then prepare yourself to the fact that this will be the buzz word of 2005. Outsourcing is the act of exporting jobs to 3rd world countries, for the benefit of saving on production and administration costs. The most popular form of outsourcing to this day is IT outsourcing, and the most popular countries where you can outsource IT jobs to are Romania and India. For example: your firm is spending a lot of money hiring programmers to do some programming tasks and software writing that do not need special skills. You decide to cut costs by exporting these jobs to India, and let the same tasks be done by professional Indians instead of Americans, because their labor rate is a lot lower. This would easily save you money, sometimes up to 80%, that you can spend on other primary jobs (e.g: marketing). Outsourcing does not only help you save money, but also gives you that push needed to walk and extra step towards winning the competitive market. Brian Taylor, CEO of Comfosoft Inc. says that outsourcing to India helped his company 'save more than $'23
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