How outsourcing helps generate more jobs in the US

OABPO Blog Team Published on February 27, 2014

outsourcing-
In a previous post, we shed light on a misconception that holds American businesses back from sending operations to an overseas location. We refuted the belief that outsourcing kills American employment. There, we explained that what really happens is the opposite—businesses that outsource a part of their overall operations are able to generate more jobs for the American public. Now, we present figures to back that up.

Finance advisory firm CreditLoan conducted a research on the same matter and affirmed the positive outlook economists have on the trend of offshoring work to countries with more affordable wages and operations costs such as the Philippines, India, China, and few emerging offshore spots in Europe. The findings deduced that the estimated 3.3 million jobs that would be moved to foreign destinations by 2015 are a mere iota of the total job count the US produces every year.

outsourcing

Think about it. In a nation that employs almost 200 million citizens and creates 3.5 million additional jobs annually, isn t it an exaggeration to say that the 3.3 million jobs taken away in a span of a decade caused a dent in American employment?

And consider this: 70% of the American economy is part of the service sector—people who make retail, hospitality, healthcare, and other service-providers thrive. This 70% is not vulnerable to outsourcing because their jobs take place locally and entail personal contact with customers.

University of Michigan Economics Professor James Hines agrees with the positive effects of offshoring to US employment, noting that the 10% greater foreign investment equates to 2.6% more investments in America.
And here’s how it works:

  • The savings that a company makes from offshoring enable them to produce more goods with fewer resources.
  • The low resources consumed let companies lower the prices of goods and free workers from less crucial tasks.
  • The better prices, product quality, and workflow allow companies to grow, which means more jobs for Americans.

Of course we can’t ignore the fact that jobs were lost in the process of attaining this expansion, but as we said in the earlier post mentioned above, this is normal in a massive economy. In fact, 69% of the displaced workers due to outsourcing were reported to be fully re-employed afterwards, and at least 70% didn’t experience pay cuts.

This brings us to the conclusion that in the argument of whether or not offshoring steals employment from Americans, the overall long-term effect of the venture still outweighs the changes it caused along the way.

Join us on facebook
Open Access BPO 17 hours ago
Embrace the power of #diversity and drive positive change with #InclusiveHiring practices!

Our new blog post explores the transformative impact of inclusive hiring, providing insights and strategies to build a stronger, more inclusive workforce: https://buff.ly/3uHQV7c

----------
Our recruitment & training practices are meticulously designed to ensure exceptional #CX: OpenAccessBPO.com/get-started

#WeSpeakYourLanguage
#DiversityandInclusion
#inclusivity
Open Access BPO 20 hours ago
When it comes to #CustomerService, every ounce of effort—both tiny and grand—counts.

Here's a list of 10 modest gestures your #CallCenter agents can do to build meaningful customer relationships: https://buff.ly/3Rc0wdZ

----------
Elevate #CustomerExperience by #outsourcing to a trusted 24/7 multilingual #BPO: OpenAccessBPO.com/get-started

#WeSpeakYourLanguage
#outsourcing #CX #CSat
#CustomerSatisfaction
Open Access BPO Yesterday
Ensuring memorable #CustomerExperience by providing high quality #CustomerSupport means two things:
• brands need to gain a 360-degree view of their customers; and
• brands need to satisfy a large part, if not all, of their customers' needs.

Do both by implementing a multichannel #CX management strategy: https://buff.ly/418ASeP

----------
Give your customers an unforgettable customer experience with multichannel #CustomerService: OpenAccessBPO.com/get-started

#WeSpeakYourLanguage
#outsourcing #CX
#CustomerSatisfaction #CSat
Open Access BPO 11 days ago
Aside from the location advantage, the 𝐏𝐡𝐢𝐥𝐢𝐩𝐩𝐢𝐧𝐞𝐬 𝐭𝐡𝐞 𝐦𝐨𝐬𝐭 𝐥𝐮𝐜𝐫𝐚𝐭𝐢𝐯𝐞 𝐝𝐞𝐬𝐭𝐢𝐧𝐚𝐭𝐢𝐨𝐧 𝐟𝐨𝐫 𝐦𝐮𝐥𝐭𝐢𝐥𝐢𝐧𝐠𝐮𝐚𝐥 𝐜𝐚𝐥𝐥 𝐜𝐞𝐧𝐭𝐞𝐫 𝐬𝐞𝐫𝐯𝐢𝐜𝐞𝐬 in Southeast Asia because of these Filipino qualities:
• neutral accent;
• multilingual proficiency;
• dedicated work ethics;
• resilience and adaptability; and
• close affinity with Western cultures.

Read: https://buff.ly/47sGAKD

----------
Partner with a #CallCenter with strong #CustomerExperience expertise: OpenAccessBPO.com/get-started

#WeSpeakYourLanguage
#CustomerSupport #CustomerService
#CustomerSatisfaction #CSat #CX
Open Access BPO 11 days ago
𝗙𝗼𝗿𝗲𝗰𝗮𝘀𝘁𝗶𝗻𝗴 𝗮𝗰𝗰𝘂𝗿𝗮𝗰𝘆 is a valuable metric to determine the challenges your #CustomerSupport team will face.
It allows you to manage your team and distribute the workload accordingly, paving the way for an efficient operational output.

Read: https://buff.ly/3R0VCk2

----------
Effective employee and ops management ensure high #productivity for optimal 24/7 coverage.

So, only partner with an #outsourcing specialist with robust and foolproof ops strategies that will make your brand soar: OpenAccessBPO.com/get-started

#WeSpeakYourLanguage
#CustomerExperience #CustomerService
Open Access BPO 12 days ago
Creating culturally diverse teams in #CallCenters is not just a moral imperative but a strategic advantage.

Here are 6 more compelling reasons for ensuring #CulturalDiversity in the workplace: https://buff.ly/3MYaCO6

----------
Choose an #outsourcing partner with diverse teams and cultures:
OpenAccessBPO.com/get-started

#WeSpeakYourLanguage
#diversity #inclusitivity
Open Access BPO