The Green Man April 07, 2004

Your Financial Details Are On A Trip To India

Let's think now. Why would a company put its call centre in India instead of its home country, Australia, UK, USA etc?

Could it be because it is cheaper?

Probably!

And why I wonder is it so much cheaper? Could it be that they pay their employees a pittance?

Yes it is and it has been coming back to bite some companies. BBC reports that certain individuals of ill repute are offering a year in wages to call centre staff in return for access to UK credit card details, which is probably not all that much. The looser privacy laws in India make it a breeze for this sort of activity to flourish.

It has been predicted that 200,000 jobs will be exported by 2008 for the UK alone to India, the consequence being that every UK every banking and personal finance customer in the UK will have their personal finances available for scrutiny in the third world. They must be happy about that.

Accountants Ernst & Young say

"given the volume of offshoring that is going on and the risks attached, there will be a major regulatory failing within five years".

In Australia, the USA, Canada etc, presumeably, it is a similar situation.

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Posted by GreenMan at April 7, 2004 08:15 AM | TrackBack
Comments

This blog gives a different perpective on the whole issue of outsourcing: http://blameindiawatch.blogspot.com/

Posted by: Roger the Shrubber at April 7, 2004 05:27 PM

Instead of worrying about immigrants 'stealing' our jobs
Our bosses simply send our jobs over there
The IT and telecommunications industries have felt the force of this for several years now
Makes me _very_ worried about loosing my job...

Posted by: Daniel at April 7, 2004 07:13 PM

Daniel isn't the only one worried. How many jobs do we lose in the US beofre someone figures out that outsourcing may have something to do with it.

Posted by: Gail/Drama at April 8, 2004 11:47 PM