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Where is the best "Destination Talent" for outsourcing in the world? We discuss some of the hot countries for talent - Russia, Philippines, India, Ukraine, China & the Gulf.
Russia
Many European countries are looking for an alternate option than India to outsource their work, Russia is considered to be the best location which provides with favorable opportunities to outsource work. It fascinates companies with its huge pool of high-tech and engineering talent shaped up by the finest education systems in the world. Russia provides a very strong home-grown IT sector that is receiving strong government support; it has both cultural and geographical proximity to the West; and it has a distinct cost of labor advantage. Some of the categories you can outsource your work such as data management, web application/design, content management, e-commerce, education, entertainment and software packaging, translation, design work, custom R&D and specialized testing.
The country has a highest number of programmers' population with its 250,000-strong software engineers - more scientists per capita than Britain, Germany, India, and France. Many US companies have placed R&D centers in Russia. Motorola, Siemens, Sun Microsystems, and Intel are the trendsetters.
UkraineUkraine is becoming a next hot destination to outsource work, as the IT sector has seen a tremendous growth during the last five years. This is the reason it attracting number of corporate across the world. The IT products from Ukraine are much in demand among Western countries. The USA and Western Europe are the primarily import software development services from Ukraine. The culture, the lifestyle of Ukranian people is similar to Europeans, the location and the time difference between Ukraine and Western Europe is only one hour, which is very convenient for business communication and capturing attention of various European conglomerates.
A brief overview on some more facts about Ukraine:
- Literacy rate --98%
- Fastest growth rate in the Europe
- GDP growth is estimated 8%
- Industrial Growth is 6%
- Foreign direct received in $10 billion in
- Lowered unemployment rate
- Income increased by 21% and 18%
- Salary growth around 34%
PhilippinesThe Philippines is quickly becoming the preferred destination for foreign investments around the world. In recent years many US and European jobs have flooded to these locations to outsource. The numbers of jobs are majorly from accounting, information technology, services and manufacturing positions. Many companies are finding it easy to deal with the talent from this location because of its English speaking abilities, high literacy rate, flexibility, easy to be trained and Cultural affinity makes it simple to outsource to this country.
IndiaIndia is cited to be a pioneer in providing outsourcing services to the world. It is one of the most preferred outsourcing locations among the companies globally. A number of benefits are making India the most alluring place to outsource such as quality of services, reduced operating cost, time zone advantage, high-end technology and best creative talent pool in the world.
India is considered to be the best marketplace to outsource projects in the areas of IT, software, telemarketing, BPO, finance, research and analysis etc.
It offers the highest number of English-speaking population, which is highly educated, talented, experienced, technically-trained and computer literate.
With support of Indian government, Indians have been able to build high-tech IT parks which are the best in technology and infrastructure. Along with this the government has even permitted 100% foreign equity. It also has the highest number of ISO-9000 software organizations. To give your organization a competitive advantage start planning to Outsource to India.
ChinaChina is moving faster to become the next hotspot in outsourcing industry. Being known for its vast skilled resource pool and great economic capacity it is catching the eye of multinationals to outsource from around the world. It provides world class experts from technology sector in the world, talent from various businesses such as manufacturing, trade, investment outsourcing and much more. Thus, one can count on growing economic framework of China which could create a vibrant outsourcing environment making it the next IT source location for many conglomerates.
Increasing Technical Education: China is effectively working towards promoting its technical education. The numbers of radio and television universities have been initiated by the Chinese government. Around 400,000 professionals are currently working and the country produces somewhere between 50,000 to 1000,000 more every year.
Low-cost Labor: As compared to any other country china offers cheap labor. The availability of labor is available at half the prices than India.
Language advantage: In China, English language has attained the level of a second language. The Chinese government has made The National English proficiency test mandatory for B.A and M.A students.
Thus, one can count on growing economic framework of China which could create a vibrant outsourcing environment making it the next IT source location for many conglomerates.
Although the Internet is spreading in South Asia, the lack of infrastructure, antiquated legislations, language barriers and the high cost of Internet access are hampering growth. We can see that the South Asian IT infrastructure is facing problems, but the industry is trying to overcome it and keep its position as a favored outsourcing destination.
The GulfAfter India and china, UAE is all set to jump to the outsourcing brigade. It is rapidly expanding business, while attracting variety of outsourcing services to the region.
To start with Dubai, because of its location is considered to be an ideal outsourcing destination for companies around the world. It has the world's third largest deep water port and in close proximity to some of the world's largest oil reserves and producers. Dubai is better known for being friendly neighbor to the world by opening its door to the marketplace to bring profit to other businesses by conducting business.
In general, the Middle East offers vast resource pool of IT skills and also available at nominal prices. Oman and Bahrain are considered stronger in attracting other countries to outsource their business. Saudi Arabia, known for its largest IT market also has the potential to become an outsourcing hub in the near future. Countries like Abu Dhabi and Oman are also growing as strong outsourcing places whereas Jordan has been a significant outsourcing destination in the Middle East for centuries. It is one of the fastest growing and most modern amongst all countries of the region. Jordan is booming in the area of information technology in the region. Its competitive ICT industry appeals both foreign and local investments by producing more jobs and extensive overseas business opportunities. One more major reason cited for Middle Eastern countries is that they have higher internet accessing rate. The UAE tops in internet penetration, followed by Bahrain and Oman.
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