you don't understand Bill, about how offshoring is done. Once these companies embrace offshoring, as they have done, there will *never* be domestic job growth at those firms again. It doesn't matter how good business is, or how profitable the companies are. All job growth will occur at the lower cost provider, for the rest of time. That is the problem with offshoring, it is a permanent suck. For example this company Convergys, imo will *never* hire large numbers of US employees again. Ever.
TIMES NEWS NETWORK[ WEDNESDAY, FEBRUARY 11, 2004 12:04:47 AM ]
BANGALORE: In what is probably going to be the biggest ramp-up, the Cincinnati-based Convergys Corporation , a $ 2.3-billion billing and customer services giant, plans to have 20,000 employees working in its Indian subsidiary by the end of next year.
With the proposed ramp-up in numbers, Convergys, which caters to a large number of Fortune 100 clients in the financial services, communications, and consumer products fields, may well emerge as the largest call centre in India . " |
