'It Says Press Any Key. Where's the Any Key?' Chris Corrado Josh Casto Eric Baird Josh Bohnenkamp.

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Presentation transcript:

'It Says Press Any Key. Where's the Any Key?' Chris Corrado Josh Casto Eric Baird Josh Bohnenkamp

Outsourcing A practice used by different companies to reduce costs by transferring portions of work to outside suppliers rather than completing it internally.

Who Outsources? All-State Insurance American Express IBM Best Buy MicrosoftMotorola

Reasons for Outsourcing Cheaper labor Willing labor force Dedicated labor Availability of Real estate

Reasons People are Willing to Work Need of money Stable source of income Opportunity for advancement Informal work atmosphere Education opportunities Medical Benefits

What Employees Deal With Long hours Angry clients Little to no recognition

High Attritions Rates Attrition – loss of personnel. Boredom Long hours Physical toll Emotional toll Isolation from social circles

Conclusion Outsourcing has positive and negative consequences on our economy.