A 'Second Wave of Firms' Move Toward Outsourcing

Destination CRM ^ | Friday, November 25, 2005 | Phillip Britt

[RaceBannon]

he we go

[trickyricky]

citing payroll, human resources, and knowledge management jobs moving offshore

More stinky jobs that Americans are unwilling to do.

It's like watching someone slit their throat in slow motion.

[A. Pole]

human resources, and knowledge management jobs moving offshore. "BPO is moving from hot to sizzling." The primary question from firms now isn't what to outsource, but what not to offshore

Bump

[raybbr]

This is especially surprising as there's increasing pressure at shareholder meetings to outsource more positions overseas, Horowitz adds.

Really? Funny, I never see any stories about about all those 401K holders at stockholders' meeting demanding companies go offshore. Or is it just the upper echelons of the corporations, who attend those meetings, that are demanding it?

[IronJack]

What hath globalization wrought?

[junta]

Taken to its logical conclusion eventually the tax producing portions of the company will flee offshore. Unless the executives can be guaranteed security and vice in their little gated enclaves they too will depart for "offshore."

[vrwc0915]

An all out war on the middle class.

[junta]

Those of the "middle class" who bought into the debt is utopia nonsense will pay heavily as they are squeezed by the welfare state and the new economy. Those of us with real cash find this economy quite pleasant, for now.

[Orbiting_Rosie's_Head]

Really? Funny, I never see any stories about about all those 401K holders at stockholders' meeting demanding companies go offshore. Or is it just the upper echelons of the corporations, who attend those meetings, that are demanding it?

The 401K laws are driving this whole phenomenon. Most accounts are purchased as shares of a mutual fund. It is these fund managers who purchase the shares in corporations and who control the voting of the shares. You have a choice: confiscatory taxation, or turn your money over to strangers who will do things like demand outsourcing.

[1rudeboy]

Taken to its logical conclusion eventually the tax producing portions of the company will flee offshore.

Where have you been? American companies pay one of the highest corporate income tax rates in the world. Why the heck do you think they're fleeing in the first place?

[A. Pole]

The 401K laws are driving this whole phenomenon.

Does it mean that the future of the 401K accounts will be at the mercy of foreign countries?

[A. Pole]

American companies pay one of the highest corporate income tax rates in the world. Why the heck do you think they're fleeing in the first place?

Their assets will be very secure abroad. Especially in China and India. And if not, they always will be able to ask US government and taxpayers to rescue them.

[1rudeboy]

Thanks for the non sequitur. Nothing is funnier than watching folks tip-toe around the issue of taxes.

[A. Pole]

Nothing is funnier than watching folks tip-toe around the issue of taxes.

So Chicoms offer lower taxes and cheaper labor?

[Havoc]

The scuttling of America continues. Anyone had enough yet?

[Orbiting_Rosie's_Head]

Does it mean that the future of the 401K accounts will be at the mercy of foreign countries?

In a sense, yes. It will also be at the mercy of congress, as our "live now, pay later" social welfare state goes deeper and deeper into debt. When it has collapsed, where do you think they will get the money to keep our nation from descending into chaos? They will see the 401K money pile, all of it "untaxed". They will plow into it like pigs into rotten watermelons. You will see. I've been telling everyone I know not to take the bait on the 401K scheme. Pay the taxes now and get the pain over with. If you are in your 40's like me, you have little hope of getting your 401k money back without having to pay takes rates that will make today's rates look like giveaways.

[television is just wrong]

globalization is making America into a third world nation.

The capitalistic attitude that was once here is now gone. People are starting to give up and bend with the demands of the elite.

That is what globalization has brought us.

[IronJack]

At one time we had it all. Now we're going to share. That's great news for those who had little. It's not so encouraging for those doing the giving.

[1rudeboy]

Yes.