Reverse outsourcing is a process whereby jobs are created in the United States of America or any other country which has been experiencing a drain of money through outsourcing jobs to locations which can offer a cheaper source of labor. It is claimed that in the three years from 2004 to 2007 the United States of America have earned or gained a total inflow of a staggering one hundred and five billion dollars just through jobs provided to American citizens by companies which have their head offices based in India.
Reverse outsourcing is a term that Americans can use to emphasize only those jobs which have been provided to American citizens by companies based in other countries. It would be incorrect for an American to term some other countries outsourcing as reverse outsourcing unless that country were providing jobs to Americans through its outsourcing projects.
One of the greatest advantages to outsourcing is that it knows no physical boundaries dictated by visas and/or transport costs, any place in the world that may offer expertise in the related fields may be selected as a supply of outsourcing capacity.
In the year 2007 an article was published in the New York Times that provided astounding news to the reader, it said that students who were graduating from college were turning down really good jobs in order to work for companies based outside America, particularly those companies which were based in emerging markets. One of the reasons that the reverse outsourcing trend picked up in America is the recession that America is currently going through. There is a higher level of unemployment and labor which was expensive before might be a little more affordable to those company which are looking to attain a global workforce.
Reverse Outsourcing
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