Indian bpos waking up in the philippines opportunity essay

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Indian bpos waking up in the philippines opportunity essay

Indian bpos waking up in the philippines opportunity essay

In the recent past we have seen that the Globalization 3. In the wake of such competition can we still remain competitive? The answer is pretty much yes.

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We know that our assets are the talented pool of people who are not only competent technically but also linguistically better at English compared to the other competitors.

Also the government support, labor pool, infrastructure, educational system, cost, political and economic environment, cultural compatibility, global and legal maturity, and data and intellectual property security and privacy give Indian IT companies and edge.

But contradicting this is the Nasscom survey, which states that majority of the graduates coming out of the colleges today are unemployable.

We need to introduce training programs in colleges to train the talent pool of students not only technically but also on soft skills. The training should also be imparted to the faculty to generate a better equipped talent force. These measures have already being taken by the IT companies, which also helps in reducing the training costs incurred by the IT companies after recruitment.

Dependency on the US: In the wake of the Sub-Prime crisis and subsequent economic recession in the US, the companies there started cutting down costs and one of them being IT expenditures. Because the majority of the IT companies in India have an export driven business model and majority of it is to the US, the companies have been facing a lot of heat.

Though it seems paradoxical but recession in the US is only going to make the Industries over there outsource more, primarily to reduce their costs by efficient application of IT, cheaper labor and cost effectiveness.

Indian IT firms outsourced and Off-shored! Moreover there are emerging economies present in these areas like Brazil, Russia etc.

The IT companies have already forayed in these countries for two primary reasons: First, it provides them to take advantages of cost-effectiveness in these areas due to new talent pool, Lower wages and greater advantage by making their exports cheaper and competitive.

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Second, places like Mexico have emerged as a major outsourcing and offshore development centre for the IT companies due to the proximity to their major business clientele in the USA. This not only provides cost-effectiveness, but also helping the client in round the clock service providing environment.

Rupee Appreciation and FII: In the wake of US crisis it was observed that the rupee appreciated due to the weakened US economy, Federal bank interest cuts and subsequent FII inflows in the country. Due to this IT companies in India incurred lower profit margins. On the flipside it surely gave them a wake-up call to effectively utilize the resources and bench strength.

To further make the IT fraternity competitive, the govt. This will reduce the excess tax burden on these IT companies.

Moreover STPI Software Technology Parks of India have already enabled the IT companies and new startups to carry out the documentation and licensing and tax payment hassles through a single window system.

Indian bpos waking up in the philippines opportunity essay

This was the sector which took the brunt of the recession. Thus the companies should balance their presence in various verticals which will surely make them immune to unforeseen events.

The roll out of 3G of mobile phones in India should be seen as a positive development for the IT companies. In the long run it is going to provide basic communication facilities in the rural areas of the country. Unlike the US where 3G brings luxury, In India it is going to provide basic communication and broadband access to the rural youth.

This will result in dissemination of information and creating further talent pool for the country. Dalian in China has been growing as the major IT hub there.

This could be also seen in the organization of retail sector in China showcasing the presence of Retail majors like Wal-Mart there. Moreover multinationals have been lining up in India further strengthening the IT growth in India. In the domestic market too, Indian companies have started outsourcing core area functions such as finance, supply-chain management and procurement to US MNCs using IT as a competitive differentiator for conducting business.

Consequently, global players are also stepping up their presence in India, not only to use the local delivery centers to service their offshore business but also to target the fast paced India IT services market.Singaporeans don’t care that an American company owns Marina Bay Sands because Singapore benefits from it anyway!

This is a far cry from the barriotic-minded attitudes of many so-called “Nationalistic” Filipinos who make an oftentimes overreacting fuss about “national patrimony” when it comes to ownership by foreigners of corporations in the Philippines. Positive morning quotes Happy morning quotes Wake up early Inspirational Good Morning Quotes Morning dissertation layout design questions essay paper format apa computer essay in english for class 6 up essay in spanish about school.

My objective is to take up an opportunity to work in a challenging and creative position in dynamic and. IT Industry Outlook A scan of the horizon reveals a year that appears to be on the cusp of profound change.

And yet, the closer a major leap forward seems, the more one is reminded of the last-mile challenges associated with next generation innovation. MANILA, The Philippines--(BUSINESS WIRE)--Young, skilled and determined job seekers in the Philippines have an opportunity to directly interact with companies searching for fresh talent at the.

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