Offshore Outsourcing is a phenomenon which took
the world by storm and changed many lives across the globe. It
provided numerous job opportunities to the unemployed beings of
developing countries, but at the same time the citizenry of the
country, whose firm outsourced the resource, suffers because the
opportunity that belongs to them is now handed to somebody who
resides in a different country.
Outsourcing is a global phenomenon but
touches lives locally. Advantages are the technological escalation of
developing countries and employment generation for the same but what
about those who are lagging behind?
In this article we will discuss about
the negative impact caused by phenomenon called Outsourcing.
Developed countries such as USA and
France look towards developing countries like India to Exploit its
talent market at cheaper rates, which results in decreasing talent in
their own backyard.
Let's see the negative aspects:
- Depletion of talent pool: Due to outsourcing, talent from countries such as USA is depleting, firms hiring cheap labour from countries like India and Srilanka ignore their own people. This negligence has caused much pain to the youth of the country, they turn their face from fields like Information technology and are inclined towards other specializations. On the other hand it also paved a way for Indian Scholars and professionals to infiltrate in the foreign territory for better prospects.
- Hidden costs: Giant organizations curb the cost of production for a short period of time but in long run the outsourced resource proves to be much costlier. Cost of training and travelling for the same adds extra burden on the corporate wallet, which could have been saved if their own countrymen were chosen for the same job.
- Lacks centralized approach: when a particular vendor works for multiple organizations and provides adept help to all at the same time, it is natural not his clients will get satisfactory results which will result in loss of organizational interests.
Above mentioned points advocate that
outsourcing be given a second thought and if it seems to be mandatory
then pros and cons should be reviewed prior to any degree of decision
making.
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