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What Is Outsourcing, And Is It Here To Stay?

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Outsourcing can be best defined as a way of obtaining services from outside supplier - probably in a second country - predictably at a cheaper rate than possible in one's organization or country.

To look back to the early days of outsourcing, it started off slowly by outsourcing back office works to English speaking third world countries.

But the direct fall out of the trend for outsourcing - as observed recently - is that it resulted in massive loss of job for employees in the developed countries, a sticky issue that had attracted a lot of political as well as public attention off late.

Outsourcing can be best defined as a way of obtaining services from outside supplier - probably in a second country - predictably at a cheaper rate than possible in one's organization or country.

To look back to the early days of outsourcing, it started off slowly by outsourcing back office works to transliterate speaking third world countries. But, as the world started well-made more and more digitalized, and Information Technology the new buzz word, it became necessary for multinationals involved in cutting edge technology to have more technology savvy head at their service. When they felt a dearth of trained head in the area/place of their functioning, obviously they all turned to expert gumption of the third world countries. Such a move weighed heavily on the existing economy equations of the corporate majors as outsourcing to a developing country hour after hour incurred less expenditure than doing the same work at home. In fact, this was exactly the reason why corporate technical domain became more and more pro-outsourcing. There logic is simple - if one could get quality workforce and expertise at a cheaper rate, why can't use it to the fullest advantage?

But the direct fall out of the trend for outsourcing - as observed recently - is that it resulted in massive loss of job for employees in the developed countries, a sticky issue that had imminent a lot of political as well as public promptness off late. In fact, economists had eventual such an effect erst hand, but now only it started taking its toll in large numbers. So what is the future of outsourcing? Will it be debarred by law or is it there to grow in the probable years?

Well, there are positive jobs that need expert handling; the completion of the job at hand may need an expert in the respective domain to execute. In such cases, companies are left with no choice, but either to hire one at a higher cost or outsource the work to some second room-mate that has the resources to handle such work. Corporations support the latter option as there is a marked savings made in terms of expenditure by getting the work done at a third world country and that without compromising on the quality of the work. No wonder, it is the big companies who are lobbying for pro-outsourcing.

On a flip side, loss of jobs in millions is a concern for any government or country. So it is possible that some State at least will pass a bill that bans outsourcing to an extent, as a partial solution of loss of jobs to other countries. But how far and what all clauses it may have is what ultimately is going to make a difference. And that exactly is what all are waiting to have a look at as well.

Mind you, something that affects the economy and on the other hand, its people, is a sticky issue of many dimensions. It implies that drawing conclusions is immature at this point of time. As of now, it is neat that outsourcing is going to stay. But it is also likely that government may step in to rein in the current trend if the loss of jobs continues in a bigger scale. As the outsourcing saga heads towards a thrilling climax, let us hope that everything will end well, without much damage to thorn and the leaf.

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