Outsourcing Employees in the It and Telemedicine Industry
Autor: andrey • March 8, 2011 • Research Paper • 3,092 Words (13 Pages) • 2,083 Views
Outsourcing Employees in the IT and Telemedicine Industries
Table of Contents
Introduction 4
Information Technology & Telemedicine Industries 5
The Appeal of Outsourcing 6
Labor 6
Laws & Regulations 7
Round the Clock Service 9
Infrastructure 9
Benefits of Outsourcing 11
Conclusion 12
References 14
Abstract
In today's world, countries are getting into "the race to the bottom" to compete against each other in the global economy. Outsourcing and off shoring work to foreign countries has become an efficient and successful way to reduce costs while maintaining and often times improving the quality of the products or services. Emerging economies such as China and India can provide a great supply of highly-educated and skilled workers at lower prices, as a result more and more developed economies seek to outsource and offshore parts of their operations to countries where labor and manufacturing is cheaper. The paper will explore the appeals of outsourcing based on labor, service, infrastructure and laws and regulations for multinational corporations. A closer look at the benefits of outsourcing operations and employees to emerging countries will lead to a concluding statement about the increasing trend in outsourcing.
Outsourcing Employees in the IT and Telemedicine Industries
In today's world, countries are getting into "the race to the bottom" to compete against each other in the global economy. Lower prices, higher supply of labor or raw materials give countries a competitive advantage over other countries in the world markets. However, this constant "race to the bottom" makes countries try to lower their costs of production and manufacturing to maintain the lowest prices in the market and creating more demand for their products. Outsourcing and off shoring work to foreign countries has become an efficient and successful way to reduce costs while maintaining and often times improving the quality of the products or services. Emerging economies such as China and India can provide a great supply of highly-educated and skilled workers at lower prices, as a result more and more developed economies seek to outsource and offshore parts
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