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Outsourcing News : Article

Priority Shipping Overseas: Offshoring Highly Skilled Jobs

While the overseas flight of skilled jobs to less-costly labor markets is alarming many workers in many professions because of its scope and speed, others are unfazed, arguing that offshoring helps the economy. Explore the two sides of the ongoing offshoring debate.

When offshore outsourcing emerged as a significant business trend several years ago, many viewed it as a shrewd, low-cost alternative to investing in larger domestic IT operations. More recently, however, offshore outsourcing has become a complex social, economic and political issue that seems to raise more questions than it answers.

Offshoring, it could be argued, never was intended to benefit people — it’s always been meant to benefit companies. And profitable companies are supposed to benefit economies, which, in turn, support societies. Ever witnessed a board of directors in the U.S. or in the U.K. write a compensation plan that rewards a CEO based on increased employment? It is based on profitability and ROI. Always. In today's capitalist world, profitability is the very definition of success.

Read entire article on Thomas Net

Posted: Tuesday, November 21, 2006

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