Outsourcing In India - 894 Words

The service industry now makes up almost as much as 60-65% of the global economy with India being a major contributor to this industry (KPMG, 2016). India has dignity to know that its country is one of the fastest-growing service sectors in the world. According to KPMG (2016), services remain the key driver of India’s economic growth and continues to grow strong and steady. The services sector contributes more than 50% to India’s GDP and is growing at about 10% per year. IT outsourcing has been a major source of employment for the people living in India. The service sector in India has exceed agriculture with a greater share of GDP and is now considered a service based economy instead of an agriculture economy. In general, the service†¦show more content†¦Tier1 cities have also seen an impact of the IT-BPO industry as the population in these cities have increased due to the growth of this industry. The IT-BPO industry is also looking at tier 2 and tier 3 cities as potential cities to expand into. These are all impacts of how IT outsourcing has effected India’s economy as well as the people living in this country. There are challenges that come with IT outsourcing in India and the biggest one being there are competitive revivals that exists due to low switching costs. The biggest competitor currently to India is China. China has been investing a lot of money into its country to grow this industry since it has seen the positive impacts on India. One of the ways China is attracting companies to move to China is that its government is offering significant tax incentives (KPMG, 2016). Some of the other countries that are competing with India are Ireland, The Philippines, Poland and Malaysia. There are improvements that India needs to focus on and two of these improvements are making sure they have good infrastructure; and keeping costs low for companies who are looking to move to China where it might be cheaper to have established their business processing. Though there are challenges and competitors for India, the future for India looks strong as well as room for growth. One of the areas th at India is focusing on is domestic growth and making it a priority to increase theShow MoreRelatedFuture Of Pharmacovigilance ( Pv ) Outsourcing India Essay1318 Words   |  6 PagesFuture of Pharmacovigilance (PV) Outsourcing in India Abstract Over the past few decades, many high-profile drug recalls, regulatory authority warnings and negative media impact have caused monetary losses and tarnishing of the image of pharmaceutical companies. Consequently, these companies have invested heavily on PV systems. For a pharmaceutical company, setting up a PV system in-house is not always cost effective and finding qualified and trained resources is a huge challenge. Thus, these companiesRead More Outsourcing Development Work to India Essay2314 Words   |  10 PagesOutsourcing Development Work to India I. Introduction Globalization has had a major impact on the way business is conducted. Companies are increasingly turning to offshore software development outlets for design management. Anywhere from one-half to two-thirds of all Fortune 500 companies are already outsourcing to India and the amount of work done there for U.S. companies is expected to more than double this year according to Forrester Research. This paper will take a look at someRead More Outsourcing to India: Is the United States benefiting from it?2365 Words   |  10 PagesOutsourcing to India: Is the United States benefiting from it? I. Introduction â€Å"Did you hear the news? No, what happened? We are shipping all of the IT jobs to India †¦Ã¢â‚¬  Water cooler conversations are beginning to sound more and more like this. Outsourcing of jobs has become a major concern for employees at large corporations (technical or financial). The economic drought that the United States faced in 2000 to late 2001 led to numerous cost-cutting measures, but none more effective thanRead MoreWhat Are The Challenges Of Outsourcing Research And Development To India846 Words   |  4 Pagesencounter by outsourcing research and development to India. Business Process Outsourcing (BPO’s) in India do not always display sufficient compliance with data security and privacy policies that are up to U.S. standards. Therefore, security requirements will be an issue in the research and development collaboration between the U.S. and the India offices. Even though the laws may have similarities, there are no global legal systems, so the legal syste ms of the U.S. office and the India office are differentRead MoreThe Indian Business Process Offshoring Industry1120 Words   |  5 Pageseconomies, which offered them cost attractiveness. One of the countries with the most developed Offshoring industry is India accounting for 30% of the global BPO Industry. Case’s Facts: * Global business process offshoring (BPO) industry is $50billion in 2012. * India accounts for 30% of the BPO Industry * BPO sector in India employs over 4.5 million people * India has an increasing amount of English speaking graduates. * BPO evolution 1. Routine IT activities (testingRead MoreEssay on Indian Bpos Waking Up to the Philippines Opportunity?1535 Words   |  7 Pagesdiscussed in the opening profile and throughout this chapter, impacted jobs outsourcing in the BPO Industry? According to the Business Dictionary, Economic downturn is a situation in which the economy of a country experiences a sudden shift brought on by a financial crisis. (as cited on Business Dictionary.com. Retrieved 6.10.12.Copyright ©2012 Web Finance, Inc. All Rights Reserved) â€Å" Business process outsourcing (BPO) is the practice of using a third party, contracted to perform specificRead MoreFirst Social Impact On Changing Career Models1453 Words   |  6 Pagesglobalization and technology have changed the essence of careers and of the psychological employment agreement which was initially regarded as exchange of employee loyalty for job security, and this contract has moreover been damaged by the pressure of outsourcing, particularly when employees are required to train individuals from overseas who are possibly take their jobs. A study of technology laborers found that 20% of them had trained an individual from overseas (Terjesen, 2006). Therefore, for the purposeRead MoreAnalyse the Importance of Information and Communication Technologies in the Process of International Outsourcing.1042 Words   |  5 Pagesinternational outsourcing. Information and communication technologies are of paramount importance in the process of international outsourcing primarily through the technological advancement surge and demand in recent years. Through the rise of Information technology in recent years, the importance of international outsourcing rose significantly. Outsourcing is the contracting of the management and/or execution of a business function to an outside third-party contractor or subcontractor. Outsourcing typicallyRead MoreTaking a Look at Global Outsourcing1407 Words   |  6 PagesGlobal outsourcing has been claimed as one of the major drivers for the globalization of production. Discuss how global outsourcing benefits the firms and why firms choose to engage in outsourcing. Global outsourcing is used by companies to help enhance and develop the business. Global outsourcing also taken by a firm to help solve problems that occur in an Organizations. Global outsourcing is helping organizations to take some expertise from outside which takes outsourcing locally and internationallyRead MoreIndi A World Leader846 Words   |  4 PagesConclusions As examined above, the KPO industry in India is a booming and expected to grow 45% in size by 2010.India is currently the most popular destination in the world for KPOs. In KPO, India has been expected to be a world leader. The contribution of KPO will be significant in terms of revenue generation and employment. India is already established itself as a world leader in IT. If it desires to keep its position, it is necessary to take the problems seriously faced by this industry, else newer

Effects Drugs Have on Urban Communities Free Essays

{draw:rect} Did most urban communities start out as nice as most suburban communities are today? Yes, they did. The government built subsidized housing complexes for low income households; today they are called â€Å"the projects† or the ghetto. These communities have been run down over the years by vandalism, and crime, most of these criminal activities that take place in these urban communities are drug related. We will write a custom essay sample on Effects Drugs Have on Urban Communities or any similar topic only for you Order Now Even though drugs can be bought out of any community, the urban communities are the most effected by drug activities. Drugs are destroying the urban communities. Children can buy drugs off almost every street corner and most of the youth in the urban communities are or have been in jail for drug sales. {draw:frame} Crime rates have gone up in urban communities because of drug activities. Every day an article can be read in the newspaper about crimes in urban communities. Most of these crimes are drug related. The drug dealers that are on the streets get busted for selling drugs almost every day and charged with sale charges and possession charges. Police departments set up sting operations to catch these dealers in the act. Addicts are arrested daily as well. They get caught with drugs they have purchased and receive possession charges. Drug dealers often rob each other for their supply,which results in breaking and entering charges, burglary charges, and sometimes even murder charges. Addicts tend to steal and rob to support their habit and usually get caught and arrested for these crimes. Drug addicts will rob stores, strangers in the street, even family members to get money for their drugs. That is not the only crimes addict commit. While under the influence of drugs some people commit acts they normally would not do, such as killing, stealing, or driving which could result in people getting hurt. They get high and do things without thinking. With all these problems in the urban communities, it becomes difficult to sell property at its book value. It becomes an undesirable place to live. People who are looking for reasonable priced housing get discouraged because of the environment that surrounds these houses. Nobody wants to live in these areas with all the drug related crimes and drug activities that go on. These issues cause the property values to go down in urban communities. Below is a bar graph to show the difference in property values between urban communities and suburban communities. Average Property Values {draw:frame} Even though drugs can be bought out of any community, the urban communities are the most effected by drug activities. Drugs are destroying the urban communities. Children can buy drugs off almost every street corner and most of the youth in the urban communities are or have been in jail for drug sales. I think if the public paid more attention or cared a little more about the drug related problems that are over powering our urban communities, these communities can be taken back from the criminals that have run them down so bad that they are so obsolete in the government’s eyes. Then maybe instead of spending thousands of dollars into communities that don’t really need it, that money could get put to good use in an urban community that really needs improvement. Hernandez, R. (2010). VCStar. com. Scripps Interactive Newspapers Group. Retrieved from http://www. cstar. com/news/2010/feb/09/suspect-went-on-drug-related-crime-spree-tells/ Jonathan Butler. (2004). BROWNSTONER. Retrieved from http://www,brownstoner. com National Drug Intelligence Center. (January 1, 2006. ). National Drug Intelligence Center. Retrieved from http://www. justice. gov/ndic/pubs5/5140/index. htm Secretary of the Publications Board. (2010). United nations. Retrieved from http://www. un. org/esa/so cdev/poverty/subpages/iyephab. htm The world bank group. (2010). Urban poverty. Retrieved from http://: http://go. worldbank. org/QH7WZFCPK0 How to cite Effects Drugs Have on Urban Communities, Papers

Human Resource Professionals Perform Samples †MyAssignmenthelp.com

Question: Discuss about the Human Resource Professionals Perform. Answer: The human resource professionals are the most important part of any organization, they carry out most important functions related to the recruitment, selection, training and development and retention of the employees within an organization. The Human resource professionals are strategic partners to an organization. The most important functions performed by the human resource department are that they hire human resources for an organization. The recruitment of the employees and further retaining them is also one of the most difficult tasks that HR professionals perform (Berman et al. 2016). According to Peter Cappelli (2015) it is very important that the hr managers set an agenda they are required to show the reason why the issues addressed within an organization are important and what are the measures to solve those problems. He further says that doing what the CEO might not be always useful, because the CEOs are chief operating officers and they do not know about the workplace of the organization (Capelli 2015). Therefore, it is the duty of the hr managers to provide insight in this regard. On the other hand the hr professionals are expected to think beyond their functional goals and objectives and thinks strategically for which they need the support of CEO, both CEO and hr professionals are required to share their knowledge and information to work in coordination so that organizational goal can be achieved. References Berman, S.J., Berman, S.J., Davidson, S., Davidson, S., Ikeda, K., Ikeda, K., Korsten, P.J., Korsten, P.J., Marshall, A. and Marshall, A., 2016. How successful firms guide innovation: insights and strategies of leading CEOs.Strategy Leadership,44(5), pp.21-28. Capelli, P., 2015. Why we love to hate HR... and what HR can do about it.Harvard Business Review,93(7-8), pp.54-61.