Sunday, November 05, 2006

Offshoring and talent

Offshoring is a business reality which has resulted in jobs migrating to other countries. The common perception that jobs shift due to cost advantage may not hold any more .It’s not just about the low skill work like call centre operation, high end white collar jobs including HR jobs are being outsourced.

The report, "The Globalization of White-Collar Work," says "No longer is offshoring all about moving jobs elsewhere," said the study, which examined 530 companies in the U.S. and Europe. " "Increasingly, it's about sourcing talent everywhere."

Companies in the advanced economies of the U.S. and Europe cannot find domestically the high-skilled talent they need to sustain their innovation and growth strategies," said Duke University Professor Arie Y. Lewin, co-author of the report."They turn to China, India and other countries in Eastern Europe and Latin America in search of highly skilled talent.

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The report indicates that "In terms of locations, India remains the most preferred destination, with China emerging as an important location for engineering, product development and procurement and the Philippines becoming increasingly attractive for office administrative work and contact centres. You can download the report here.

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