Feb. 26, 2005
America is benefiting from outsourcing in a very strange fashion. People employed in IT industry who are losing jobs in America are opening up small businesses performing systems analysis for software contracts. These small companies are taking orders from American firms, quickly designing the software and then getting it coded from India for one-tenth the price. They bring the system back over the Internet and test the same in America and service the American company.
The availability of jobs requiring low and mid-level skills in the US may be slowing down, but the opportunities to make money are not. After so much hue and cry over outsourcing for the past few months, this same is benefiting America. Outsourcing is not only limited to big companies like GE but has opened the door for smaller companies and virtually anyone can outsource their job via Internet these days.
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For instance, a person from Florida who lost his job due to outsourcing started a business in web programming and internet marketing and outsourced the whole of his job to Delhi, where he gets everything done in almost $100 per month for the worth of $5,000 per month. He earns twice what his job used to pay him.
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This type of success story is repeating again and again.
According to experts the problem lies in communicating with the software shop in India. But once that is taken care of, everything else falls in place.
The key is in transforming a software engineer into a Business Systems Analyst. While coding jobs have all disappeared to India, the Business Analyst's job are in plenty and as matter of fact there are acute shortage of good systems as well as business analysts.
According to the Bureau of Labor Statistics, unemployment in the US is down to 5.2%, and is expected to decline further. Although the US economy is still not out of the woods, the economic trend and the declining unemployment rate shows the way to a better future ahead. Economists are not looking forward to any miracle, but are confident of improving the economy at a steady rate.
According due to experts, the US economy will benefit very well with steady job growth and solid financial and quality benefits from outsourcing to India.
