Popular destinations to outsource

“All companies should consider it. If they don’t, they could be damaging their local viability.”
-Roger Cox, Analyst, Gartner

Well said by Roger Cox, analyst at Gartner Inc, outsourcing has become a common phenomenon around the world; Many companies large and small are stepping up to outsource. Bypassing language and cultural barriers, many world conglomerates are stepping up to outsource to some uncharted countries. Companies choose to outsource for various reasons, such as cost-effective services, increased efficiency, higher productivity, and better services. The current scenario of the global market declares that outsourcing is the main business and also predicts that its future will be even brighter.

Where should you outsource… Find out to which country and why?

Why Russia?

Many European countries are looking for an alternative option to India to outsource their work, Russia is considered the best location that provides favorable opportunities to outsource work. It fascinates companies with its huge pool of high-tech and engineering talent made up of the best education systems in the world. Russia provides a very strong local IT sector that is receiving strong support from the government; it has both cultural and geographical proximity to the West; and has a clear labor cost advantage. Some of the categories where you can outsource your work, such as data management, applications/web design, content management, e-commerce, education, entertainment and software packaging, translation, design work, custom R&D and specialized testing .

The country has the largest population of programmers with its 250,000 strong software engineers, more scientists per capita than Britain, Germany, India and France. Many US companies have set up R&D centers in Russia. Motorola, Siemens, Sun Microsystems and Intel set the trend.

Why Ukraine?

Ukraine is becoming the next popular destination for outsourcing work as the IT sector has seen tremendous growth over the last five years. This is the reason why it attracts various companies from all over the world. Ukrainian IT products are in high demand among Western countries. The US and Western Europe are the main software development services imported from Ukraine. The culture, the lifestyle of Ukrainians is similar to that of Europeans, the location and the time difference between Ukraine and Western Europe is only one hour, which is very convenient for business communication and to catch the attention of various European conglomerates.

A brief description of some more facts about Ukraine:

1. Literacy rate –98%
2. Fastest growth rate in Europe
3. GDP growth is estimated at 8%
4. Industrial growth is 6%
5. Foreign direct received $10 billion in
6. Lower unemployment rate
7. Revenue increased 21% and 18%
8. Salary growth around 34%

Why the Philippines?

The Philippines is fast becoming the preferred destination for foreign investment around the world. In recent years, many jobs from the US and Europe have flooded these places to outsource. The number of jobs comes primarily from accounting, information technology, service, and manufacturing positions. Many companies find it easy to deal with talent from this location due to its English-speaking skills, high literacy rate, flexibility, ease of training, and cultural affinity that makes it easy to outsource to this country.

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