Increased business confidence, recovering economies, infrastructure investment and enhanced product development will drive Africa IT markets, analysts say.
Analysts from IDC and Africa Analysis are projecting growth in cloud services as bandwidth becomes cheaper and companies seek ways to reduce capital and operational expenditure.
Some jobs that were outsourced to China are returning to the United States. At Lincolnton Furniture in North Carolina, owner Bruce Cochrane has reopened a once-shuttered factory and is proud to announce that his company’s wood furniture is, once again, made in America. His company has created more than 100 new jobs.
Fitch Ratings has come out with its outlook on Indian logistics industry. As per the rating agency the logistics industry is expected to grow at 15-20% a year to reach around USD350bn by 2015 from its current size of around USD80bn.
Fitch Ratings believes third party logistic companies providing transportation and warehousing will show a slight increase in revenues, with operating profit margins remaining stable at current levels of 5-10% for transportation companies and 20-25% for warehousing companies.
With US President Barack Obama’s announcement in the state of the union address this year to discourage outsourcing with taxes, several students in engineering colleges across the state are apprehensive whether IT companies will continue their recruitment drive.
President Obama said the US needs to refocus the corporate tax structure to reward businesses who work to keep jobs in that country and end tax incentives for those that outsource.
India’s seniormost cabinet minister pushed back against the United States on Sunday, rejecting pressure from Washington to curtail oil imports from Iran and disapproving American political rants against outsourcing of jobs.
Finance minister Pranab Mukherjee, an old hand at US India dynamic who has also handled the commerce, defense , and external affairs ministry in his four-decade political career, took the opportunity of a cultural sortie to US President hometown Chicago to obliquely criticize Obama for encouraging protectionist tendencies, suggesting it would be self-defeating and not in keeping with the times.
Multinational corporations and political action committees, abetted by a troubling Citizens United ruling thanks to five activist Supreme Court justices, continue to pollute the political climate of an imperiled “America the Beautiful.” Now there is no limit to doling out campaign booty.
Country club types with deep pockets – frequenting board rooms, owning seats at the stock exchange, driving Ferraris and sailing yachts – have unlimited access, thus sway with politicians ever willing to succumb to their legalized bribes.
Service buyers should use best sourcing practices when recruiting outsourced workers.
This is according to the latest update to the Tripartite Advisory on Best Sourcing Practices, the first update since it was launched in 2008. In updating the advisory, the Tripartite Committee for Low-Wage Workers and Inclusive Growth (TriCom) took into account feedback gathered over six months from industry stakeholders, unions, workers and the public.
Davos is over for another year, but here’s something we missed: HCL Technologies, India’s fourth-largest IT company, plans to add 10,000 jobs in the west in the next five years.
Call it the new world helping out the old – and a convenient way to deflect complaints about Indian IT companies sucking jobs out of the US and Europe during tough economic times.
Businesses across the UK are benefiting from a “quiet revolution” that has taken place in the management of their IT infrastructure over recent years through the introduction of more open source coding.
Dr Mark Thompson of the Cambridge Judge Business School noted in his latest podcast that this has resulted in firms being able to package business IT functions into independent commodities that can then be easily outsourced to professional contractors.
The human resources industry has taken on many roles and dimensions, especially in the last few years, owing to the ways in which companies have diversified their range of operations, requiring hiring of specialised employees from specific talent pools.
In recent times, one of the many faces of the evolving HR industry has been the HR solutions segment, which has emerged as an industry in itself.
President Obama sure doesn’t like outsourcing. So he says.
The president devoted 9 percent — 617 of the 7,046 words in his State of the Union speech — attacking the practice.
He touted the American auto industry as an example of how we can bring jobs back to the U.S.
Cebu, Philippines – Amid the pending bill in the US House of Congress seeking to discourage US-based companies from outsourcing, industry players in Cebu’s business process and outsourcing (BPO) sector are now fast-pacing the completion of a “BPO roadmap” for Cebu.
Profit By RPO, the recruitment process outsourcing agency in India has announced to expand its services within various corners of the world, recognizing the current need of recuiting for splurging IT jobs in the market.
“If you have been keeping track of economic data over the past few months, you can’t fail to have heard suggestions that the economy appears to be strengthening; the same could not be said for the employment market. Although redundancies have slowed, growth in the employment sector looks a little way off. We are expanding our services to newer areas in order to cater to the wider of clients this year in the IT recruitment field.” said Abhinav Girdhar, Chief Business Officer, Profit By RPO.
After shrugging off a pending anti-outsourcing bill in the US Congress, the government said the country’s business process outsourcing (BPO) industry has set its sights on higher-value areas of the industry to sustain the growth started by call centers.
The country’s Information and Communications Technology Office (ICTO), an agency attached to the Department of Science and Technology, said the local BPO industry aims to establish itself in the fields of healthcare information management, finance and accounting, human resources and creative processes.
Missouri lawmakers could add cellphones to the state’s No Call List that restricts telemarketing.
A Senate committee has endorsed legislation that would allow people to add their cellphones to the No Call List. It would ban phone calls, text messages or faxes. Similar legislation also has been filed in the state House.
SAN FRANCISCO—Fears of an outsourcing backlash in the United States was underscored last week during President Obama’s state of the nation address.
The president called for lifting a US economy “weakened by outsourcing,” which has naturally fuelled worries about how this could hurt the Philippine business processing outsourcing industry.
Are these worries valid? Yes—and no.
MANILA, Philippines – The Philippines expects the information technology-business process outsourcing (IT-BPO) industry to employ as much as 1.3 million and generate as much as $25 billion in export revenues by 2016, amid an growing anti-outsourcing sentiment in the U.S.
At Monday’s press briefing “Strategies and Prospects of the IT/BPO Industry in the Philippines,” government officials and industry executives expressed confidence on the IT-BPO industry’s continued growth in the next five years.
SEI to also provide fund administration, in addition to servicing Monsoon’s newly-launched Ucits IV fund.
Monsoon Capital, which recently launched a Ucits IV fund, has selected SEI to provide outsourcing services on the product. The Maryland-based asset manager says that it was SEI’s ability to handle its trading volume as the key factor in signing on with the vendor.
