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OutSourcing
Why are we allowing jobs to leave the US? Most other countries prohibit hiring non-residents.
While opportunities for IT professionals in Europe(may as well read, "US") are scarce, XXX announced plans last month to double the number of employees in Brazil to 8,000 by the end of next year. The company also plans to add about 14,000 programmers in India, where it currently employs nearly 40,000 workers, according to Communications Workers of America.
>
Even as XXX (NYSE: XXX) completes plans to lay off 14,500 workers, BXX BXXX is continuing to scout for new IT talent and hiring professionals around the world.
>
NEW YORK (CNNMoney.com) -- The final week of January began with a bloodbath for the job market, as over 65,400 more cuts were announced on Monday alone.
At least six companies from manufacturing and service industries announced cost-cutting initiatives that included slashing thousands of jobs.
About 200,000 job cuts have been announced so far this year, according to company reports. Nearly 2.6 million jobs were lost over 2008, the highest yearly job-loss total since 1945.
Peter
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Feb 26, 2009 09:31:38 AM
Put your mouse where your mouth is
Check out more business predictions and create your own right here at http://www.nostradamical.com/predictions/business
Dave B
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Jan 19, 2009 06:11:58 AM
outsourcing benefits
I'm the manager of a "work center" at vocational rehabilitation facility. Outsourcing is a great money saver for large and small industries. We have been doing assembly, packaging, manufacturing, etc for industries for 30 years. Our customers use us because we meet their schedule and save them time and money. It also provides income for our workers with disabilities.
R. Spivey
of AL
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Jan 08, 2009 11:34:42 AM
It All Starts With Small Business
Other studies show that despite woeful economic conditions, small and midmarket companies are still looking to take on new staff. As more businesses outsource work they used to do in-house, new opportunities will open up for smaller companies and employment growth will start with small business. It happens in almost every cycle.
Randy Ellison
of TN
@
Jan 05, 2009 10:09:16 AM
It makes good fiscal sense
I've been practicing this srategy for years. As a business owner, I outsource my taxes and accounting to a CPA for a fraction of the cost of an employee to perform the task. My clients enjoy the same benefits when they hire me as an advertising consultant and media buyer: they get an expert on-demand, who gets paid by the job, which saves them a bundle.
Matt Bandyk, a reporter for U.S. News, explores capitalism from where it all begins, with the entrepreneur, whose risk taking and experimentation provide the roots from which the rest of the economy grows. As much courage as it takes to create one's own business, even the entrepreneur needs some help, and this blog will look at news, trends, and practical advice for starting and running a small business.
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Cislukle of MI @ Jul 15, 2009 12:44:03 PM
Peter of NY @ Feb 26, 2009 09:31:38 AM
Dave B @ Jan 19, 2009 06:11:58 AM
R. Spivey of AL @ Jan 08, 2009 11:34:42 AM
Randy Ellison of TN @ Jan 05, 2009 10:09:16 AM
The Media Fairy of FL @ Jan 03, 2009 12:05:15 PM
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