Outsourcing experience a big let-down

http://www.computerweekly.com/articles/article.asp?liArticleID=138049&liArticleTypeID=1&liCategoryID=2&liChannelID=16&liFlavourID=1&sSearch=&nPage=1

Great statistics...

what kills me is CEO's were mesmerized by a "herd" mentality
and plain marketing hype on outsourcing...so now, after destroying
so many careers and firing so many people...the statistics are coming
in how this does not work well.

I hear the herd mentality here----


baaaaaaaaaaaaaa

the rehired are generally hired back at 10-30% less salary

and get to lay people off which always helps the stock -you can then give yourself a lot of money. Who cares if down the road the company suffers - as a CEO you primary job is enrich yourself.

besides the fact that the populations in other countries are simply not up to speed on doing the tasks they've been hired to do.

There have been several cases of extortion over medical records. There has been one case of theft by offshored workers once hired by Citibank. Offshored workers don't have the confidentiality laws we have here in the US over medical records, and offshored workers seem to find it very easy to assemble their own databases of financial information to use for various scams.

This is a colossal disaster waiting to happen. Little whispers of it are starting to get through the constant bleat of padding the bottom line and increasing managerial bonuses.

You're right, outsourcing isn't the wonderful thing some hoped it would be and I'm ecstatic. However I just read an article which maintains that many economists believe that outsourcing will continue to boom. It seems as though the Capitalists in this country are hell bent on making a profit no matter what awaits us down the road! Unfortunately there are far too many average, everyday morons in this country that love Bush :silly: so much that they would tolerate even the loss of millions more good jobs just because they see the jackass in the White House as doing god's work. Couple this with the corporate elite that will stop at nothing to fill their pockets and we will surely face Armageddon someday with a powerhouse like China.:evilgrin:

When they turned it into a mandatory "paid" site I said forget it..
I do all of this for free and DU is better plus the contributions
are voluntary and if you want, anonymous.

This is a very good site and there are a lot of people here who are
fairly economically aware.

Welcome!

how corporations can think it's a smart policy to lay-off all of the people who are supposed to be buying their products. Henry Ford didn't have the $5 work day 'cause he was a great guy, he had it so people would buy his cars.

It seems like it would make sense to pay their employees - no matter what country they're in - enough to buy the products they make. I don't know, it makes sense to me. If you're trying to sell cars to Americans, employ Americans with good jobs making cars. If you're trying to sell refridgerators to Americans, employ Americans with good jobs making refridgerators. People can't afford the nice expensive cars everyone's trying to sell when they work at Wal-Mart, they need real jobs.