Skyline Global Outsourcing Update

How unpopular are Indian outsourcing companies from India in the U.S.? They can manage to unite squabbling Democrats and Republicans in the Senate. With the GOP filibustering most of the time, it’s news when Senate Majority Leader Harry Reid and his Democratic colleagues manage to get 60 votes to pass anything at all. Getting all 100 Senators to vote unanimously on a bill is near miraculous. On Thursday, though, the Senate unanimously passed a bill sponsored by New York’s Chuck Schumer to increase visa fees on companies that send workers to the U.S. if more than half of their America-based employees use work visas. In other words, Indian IT outsourcing companies. (Companies like Microsoft and Google that bring people to the U.S. on these work visas, too, don’t have to worry since those employees are just a tiny percentage of their U.S. workforce.) The extra money will pay for additional security measures on the U.S.-Mexico border.

---

The above article was extracted from Skyline updates of Skyline College. Skyline College is amongst the top MBA and BBA institutes in Delhi, Gurgaon (NCR).

Daybreak is happy hour in a world turned upside down at a trendy bar in the Philippines' financial district, the clientele young and loud and with a vague California accent. Vodka cruisers and beer fly by the bucketful as good friends Cici, Pau and Jels go off duty along with the rest of the night shift in the nation's half-million strong business process outsourcing (BPO) workforce. Even the hors d'oeuvres are edgy -- "drunken" shrimp and green mango soaked in pale pilsen -- reflecting the punishing lifestyles of the partygoers. The group of young women really let their hair down on Saturdays, hitting bars, beaches or shopping malls all day so they can socialise with friends outside the industry and sleep at least for one night like a normal person. Life in many ways is a blast for the young, single and educated in the outsourcing industry.

---

The above article was extracted from Skyline updates of Skyline College. Skyline College is amongst the top MBA and BBA institutes in Delhi, Gurgaon (NCR).

Gov. Ted Strickland issued an executive order Friday barring public funding for companies fulfilling state contracts with outsourced labor. Outsourcing job does not reflect Ohio values,” Strickland said in a released statement. Ohioans have been among the hardest hit by more than a decade of unfair trade agreements and the trickle-down economic policies that promoted off-shoring jobs at the expense of Ohioans who work for a living. The move came a little more than a week after reports that the Texas firm hired to administer Ohio’s federally funded appliance- rebate program used workers in Central America as part of the program

---

The above article was extracted from Skyline updates of Skyline College. Skyline College is amongst the top MBA and BBA institutes in Delhi, Gurgaon (NCR).

Is American foreign aid being used to subsidize the creation of overseas jobs that replace US workers? A recent project announced by USAID suggests the answer may be yes. The US Embassy in Sri Lanka announced late last week that it will be funding a new program in the South Asian country that will help train workers to speak English and business managers to take advantage of business outsourcing. The program to teach Sri Lankans how to benefit from outsourcing joins three other projects that USAID, the State Department's foreign aid arm, is funding in the country. Another of these projects involved USAID helping "a major garment manufacturer to expand its operations to northern Sri Lanka. This alliance is expected to initially employ 750 full-time staff and market its finished apparel to such firms as Tommy Hilfiger, Polo Ralph Lauren, Columbia Sportswear, Next, Tesco, and Burberry."

---

The above article was extracted from Skyline updates of Skyline College. Skyline College is amongst the top MBA and BBA institutes in Delhi, Gurgaon (NCR).

Cognizant Technology Solutions outshone its Indian rivals and underlined the superiority of its business model by reporting its strongest ever quarterly performance on Tuesday. Net profit in the April-June period rose 22% to $172.2 million, and revenue surged by $145 million, the strongest increase amongst all IT majors. The Chennai-based firm revised its 2011 guidance upwards, saying that its revenue will now grow by 36%, instead of 25% earlier. The Cognizant scrip jumped nearly 10% to $61.10 on Nasdaq during Tuesday morning trade. The firm is based in the US and derives nearly 60% of its revenue from that market.

---

The above article was extracted from Skyline updates of Skyline College. Skyline College is amongst the top MBA and BBA institutes in Delhi, Gurgaon (NCR).

CSC today announced a 10-year extension to its business process outsourcing (BPO) services agreement with Swiss Re, one of the world's largest and most diversified reinsurers. Under the extension, CSC will continue to provide industry-leading administration for Swiss Re's direct life insurance business through July 2020. Building on a relationship that began in 1995, CSC supports Swiss Re's Admin Re(R) business unit in the United States, one of the highest growth areas for Swiss Re's global life and health segment. Through its Admin Re(R) programs, Swiss Re provides capital and risk solutions to primary life insurance carriers by acquiring blocks of life insurance business, enabling these primary insurers to release capital and gain access to future profit streams from in-force portfolios.

---

The above article was extracted from Skyline updates of Skyline College. Skyline College is amongst the top MBA and BBA institutes in Delhi, Gurgaon (NCR).

If you had any doubt before, researcher IDC has just demonstrated that pharma manufacturing information management is fast becoming a globally outsourced business. A 49-page report released in July finds that 63 percent of surveyed manufacturers say they outsource some aspect of manufacturing or supply-chain-related IT. That's a 15 percent rise over two years. And 41 percent of those who say they outsource say also that they use a mix of U.S. and non-U.S. service providers. Manufacturing IT capabilities currently ripe for outsourcing: solutions that boost supply chain visibility and monitoring. Analytics and business intelligence solutions also are making their way up the list.

---

The above article was extracted from Skyline updates of Skyline College. Skyline College is amongst the top MBA and BBA institutes in Delhi, Gurgaon (NCR).