Great article for the time but having worked for a few of the major players in the finance industry I am already noticing the outsourcing trend reversing. The more innovative companies are in fact "in-sourcing" if there is such a thing and relocating roles back from India and SE Asia. The reason is simple, the market is so dynamic that it is no longer a matter of simply driving down costs to create some temporary efficiencies, revenue must be generated, and the means for this is via innovation, creativity and intrapreneurship. These are capabilities that cannot be outsourced to foreign countries. The market leaders are beginning to recognize this and as the economy recovers we will start to see the outsourcing "trend" not only slow down, but reverse
Critics of offshore outsourcing worry that if too much IT-related work is farmed out to other countries, home-grown IT talent will "dry up." They point out that once a company begins outsourcing overseas, they will find it difficult to reverse the trend and justify paying more in salaries, taxes, and job benefits for the same work they used to outsource. Proponents maintain that the judicious use of offshore outsourcing will help make all IT workers become more productive and allow companies to develop more agile and responsive business models, which in turn, will raise salaries for domestic workers in all countries.
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