Business in Focus & Research Skills Essay Example | Topics and Well Written Essays - 3000 words

Business in Focus & seek Skills - Essay ExampleGlobalisation of occupati bingles on the one hand, and the extensive blossom forth of the Internet on the other, facilitated the phenomenon of spherical manpower outsourcing. The growth of usage of computers in all walks of life created enormous demand for English public speaking and trained manpower for working as programmers. The economic rationale for using impertinent nationals in low-end industriousness programmes was the significantly lower wage costs and sheer manpower resource availability. This trend has rapidly spread to many other areas such as call centre trading operations, legal, accounting and auditing, engineering, manufacturing processes etc. generally termed as business process outsourcing (BPO), and gave rise to two types of employment of foreign nationals - onshore or off-shore services and in each case at that devote assimilate been corresponding loss of job opportunities for locals. In the onshore format , the foreign national isIn the US, which is the major promoter of outsourcing as a model for competitive global business operations, there is a growing public resentment on the jobs illogical to foreign nationals. The volume of jobs lost can be gauged by the fact that in each of the cities like New Delhi, Mumbai, Hyderabad and Bangalore in India, there are hundreds of companies employing thousands of men and women, providing back office services on 24x7 basis, to the US and European companies (BPO India, 2009). In the medieval most of these jobs in areas such as customer services, credit card operations, medical transcription, data entry, telecommerce etc. were being performed locally in the US itself by US nationals. The high hourly wage costs and the opening up of the world markets for services led to the outsourcing trends. In addition, the major Indian IT firms place thousands of their employees at the clients premises for operations such as programming, installation, mainte nance and training. Further, major US firms like Microsoft, IBM, Dell, Accenture, and Deloitte have established subsidiary companies in India i.e., they have effectively shipped jobs abroad.While economising on manpower costs is one reason for outsourcing, avoiding stipendment of taxes in the US is a nonher aspect. Some business houses establish overseas operations in tax haven countries because the corporate income tax in the US is relatively higher, thus back up firms to establish operations abroad where either there is no tax or the tax evaluate are much lesser. Under the double taxation agreements, which the US has with a host of countries, if US firms pay taxes abroad on the income generated fromBusiness in focus 3their foreign operations, then there is no lead to pay taxes again on such income in the US, meaning consolidation of global income for tax purposes is not required. There is a growing criticism of such tax breaks for firms, which ship jobs abroad. The current eco nomic put through turn has only accentuated the demands for discouraging firms from outsourcing. During the 2004 presidential elections, Mr. John Kerry