History of Outsourcing Part-3

 According to Honorio Padron, global business services practice leader for The Hackett Group, "A number of factors have helped create this situation. Certainly,

 the savings that can be generated by moving jobs to low--cost labor markets is too great for most companies to ignore. In addition,, many companies have become much more mature in their use of offshore resources. They began with shared service centers nearly a decade ago, taking basic transactional areas offshore on a one-off basis,,,

But today we're seeing the rapid ascendance of comprehensive cross-functional Global Business Services operations that are moving far beyond transaction work,,, to handle the lion's share of the support function for many companies. The result is a globalization trend from which there's simply no turning back

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