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What is the defination of outsourcing Outsourcing is the delegation of tasks or jobs from internal production to an external entity such as a subcontractor Most recently it has come to mean the elimination of in house staff to staff overseas where salaries are markedly lower It became a popular buzzword in business and management in the 1990s Outsourcing is a legal business activity affecting America and it is an inevitable response to globalization--international trade Outsourcing occurs when a business purchases services or products from a foreign supplier or manufacturer or when a business pays another company to provide services that a business might otherwise have employed its own staff to perform Businesses outsource for the purpose of cutting costs and raising profits The origin of outsourcing in America dates back to the 1970s when IBM developed the IT industry in India Later the Internet and telecommunications boom encouraged outsourcing as a means of promoting capitalism This practice became even more popular after the dotcom crash of 2000 As many businesses struggled with cash-flow problems many investors were leery in investing money in high-tech companies which many felt were still vulnerable to the dotcom effect Struggling to do more with less companies looked for less expensive avenues of development and support For the United States India seemed like a perfect resource for these needs since most nationals spoke English A company can hire an engineer in India for example for 10000 a year where an equally qualified engineer in the US could cost 60000-90000 a year In practice this trend has experienced mixed results Some companies which were required to hire offshore talent by investors reported many communication barriers and high foreign personnel turnover rates They would often ask for one thing but be delivered a different item A domestic correspondent may have dealt with a foreign counterpart for weeks only to find he had left the previous day with no notice and
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