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UNITED STATES 20 Feb 2012 Outsourcing World Summit takes place in Florida

Outsourcing is seen widely as a simple way for big business to push up profits while downsizing the United States workforce.

February 20, 2012 - NULL

UNITED STATES 20 Feb 2012 Outsourcing World Summit takes place in Florida

Outsourcing is seen widely as a simple way for big business to push up profits while downsizing the United States workforce. Hundreds of executives will head for Disney's Conference Center on Lake Buena Vista, Florida, in February to see how the outsourcing process can be made ever more efficient. The US Department of Labor estimates that some 3 million jobs currently carried out by American citizens will be lost to foreign subcontractors by 2015.

The International Association of Outsourcing Professionals (IAOP) is staging the conference. The IAOP asserts

UNITED STATES 20 Feb 2012 Outsourcing World Summit takes place in Florida

Outsourcing is seen widely as a simple way for big business to push up profits while downsizing the United States workforce. Hundreds of executives will head for Disney's Conference Center on Lake Buena Vista, Florida, in February to see how the outsourcing process can be made ever more efficient. The US Department of Labor estimates that some 3 million jobs currently carried out by American citizens will be lost to foreign subcontractors by 2015.

The International Association of Outsourcing Professionals (IAOP) is staging the conference. The IAOP asserts that the financial and economic crisis - coupled with the 'prohibitive' protection afforded workers under US labor law - have reshaped and transformed the outsourcing industry and created "never before seen opportunities."

Senator John Kerry has condemned outsourcing as a union-avoiding practice carried out by "Benedict Arnold" firms which seek to avoid paying their "fair share" of taxes.

The findings from a recent study by the Project on Government Oversight, reported by the Washington Post, present another aspect of the outsourcing issue. The investigators found that the "never before seen opportunities" for the outsourcing industry can come at a high cost for government departments. The study looked at 550 contracts for 35 different jobs across government agencies--from auditors and engineers to food inspectors and groundskeepers. It found that the private contractors cost more in 33 of those 35 jobs than the same work done in-house.

American Express, Microsoft, Pepsi, Sun Microsystems, IBM, Boeing and Xerox are just a few of the companies set to attend, meeting up with CEOs from over 40 countries - including Brazil, Chile, Colombia, Egypt, El Salvador, Ghana, India, Israel, Sri Lanka, Thailand and Uruguay.

RELATED READING:

Union fight against GOP will continue (Detroit News 14 Sep 2011)
http://www.detnews.com/article/20110914/OPINION03/109140311/1031

Study: Privatizing government doesn't actually save money (Washington Post 15 Sep 2011)
http://www.washingtonpost.com/blogs/ezra-klein/post/study-privatizing-government-doesnt-actually-save-money/2011/09/15/gIQA2rpZUK_blog.html

The International Association of Outsourcing Professionals Summit website http://www.iaop.org/Content/23/154/1099/Default.aspx

Date written/update: 2012-02-20