answersLogoWhite

0

Outsourcing can lead to job displacement in local economies as companies move production or services to areas with lower labor costs, resulting in unemployment and reduced income for affected workers. However, it can also foster economic growth by allowing businesses to focus on core competencies and potentially lower prices for consumers. Additionally, it may lead to the creation of new jobs in sectors that support the outsourced functions, though these jobs may require different skills. Overall, the local impact varies significantly based on the industry, community, and specific circumstances.

User Avatar

AnswerBot

1mo ago

What else can I help you with?

Continue Learning about Other Business

What is the difference between impact outsourcing solutions and strategic outsourcing solutions?

Strategic Outsourcing Solutions is an outsourcing company based in TonaWanda, NY. Impact Outsourcing Solutions is an outsourcing company based in Griffin, GA. They offer similar services, however Impact Outsourcing has a much larger customer base, several more locations, and is a more popular service in general.


Where can IT outsourcing companies be found?

IT outsourcing companies can be found through local telephone directories. The most commonly used directory of this kind in the UK is the Yellow Pages.


How can one learn about offshore business process outsourcing?

Going to school for Business Management is a great way to learn more about offshore business process outsourcing. Outside of that, calling local companies that do outsourcing and asking them to walk you through their processes is a good way to gain some tips.


What is BPO Business Process Outsourcing?

Business process outsourcing (BPO) is a sort of outsourcing wherein a third-party service provider is employed to carry out one or more business functions in a company. The third-party is responsible for doing all tasks identified with the business function.


What are the differences between onshore and offshore software outsourcing?

Both of them are outsourcing services that deal with software development. The difference between them is that when you say "offshore", it means overseas. So if you avail of offshore software outsourcing, you are outsourcing software development to a different country. When you say onshore software outsourcing, it is still outsourcing but the company you outsourced the software development is within your country.

Related Questions

What is a reason for opposing globalization outsourcing?

One reason for opposing globalization outsourcing is the negative impact it can have on domestic employment. When companies outsource jobs to countries with lower labor costs, it often leads to job losses and wage stagnation in the home country, contributing to economic inequality and social unrest. Additionally, outsourcing can result in a decline in local industries, weakening the overall economy and reducing job opportunities for local workers.


What is the difference between impact outsourcing solutions and strategic outsourcing solutions?

Strategic Outsourcing Solutions is an outsourcing company based in TonaWanda, NY. Impact Outsourcing Solutions is an outsourcing company based in Griffin, GA. They offer similar services, however Impact Outsourcing has a much larger customer base, several more locations, and is a more popular service in general.


What are the negative impact of outsourcing?

Outsourcing can have an effect on how businesses define fair labor practices. We know that the driving factor of outsourcing is cost efficiency and this can lead to sweat shops and slave labor wages. Outsourcing can induce unethical business practices that are not acceptable in the country where these businesses were built.


What does it mean when it asks what are the impact of outsourcing?

it means that people in Pen Island are taking our jobs


Where can IT outsourcing companies be found?

IT outsourcing companies can be found through local telephone directories. The most commonly used directory of this kind in the UK is the Yellow Pages.


What is outsourcing product and services?

Outsourcing product and services is the process of handing over the company's manufacturing or other business process to another company either local or overseas.


What are the advantages of outsourcing for GM?

With the current recession and GM's customer base, outsourcing their call center operations help save them the cost on maintaining customer satisfaction at a local level.


How can one learn about offshore business process outsourcing?

Going to school for Business Management is a great way to learn more about offshore business process outsourcing. Outside of that, calling local companies that do outsourcing and asking them to walk you through their processes is a good way to gain some tips.


What is the impact of computers on local communities?

What is the impact of computers on local communities


Is outsourcing bad for environment?

Outsourcing can have both positive and negative environmental impacts. On one hand, it may lead to increased carbon footprints due to transportation and logistics associated with moving goods across long distances. On the other hand, outsourcing production to countries with stricter environmental regulations can lead to better practices and lower emissions. Ultimately, the environmental impact of outsourcing depends on various factors, including the specific industries involved and the practices of the companies outsourcing their operations.


Types of software outsourcing?

There are four main types of offshore outsourcing. They are 'Information Technology Outsourcing', 'Business Processing Outsourcing', 'Offshore Software Development' and Knowledge Process Outsourcing'.


What are the types of outsourcing?

Outsource Technical Support Outsource Customer Support Help Desk Outsourcing Website Development Outsourcing Global Software Outsourcing Outsourcing Back Office Outsourcing Data Entry Chat Support Services Email Support Outsourcing Outbound Call Center Information Technology Outsourcing Human Resources Outsourcing Services Finance BPO Knowledge Process Outsourcing Consumer Market Research Legal Process Outsourcing