Outsourcing boosts Paycom revenues
Oklahoma City-based Paycom, an online payroll processor, grew its revenues 89% in 2008 despite a slumping economy, says News OK.
"We almost doubled last year,” chief executive Chad Richison said recently. "We're projecting more of the same this year.”
As the national recession deepens, more businesses are looking to cut costs and are outsourcing services to companies such as Paycom.
Chairman calls for closer collaboration
Continuous improvement methodologies like Six Sigma are being written into the management structures governing outsourcing contracts in an attempt to forge closer ties between the parties involved, reports Australia's IT News.
As part of a whistle-stop visit to Sydney, the chairman of the International Association of Outsourcing Professionals, Michael Corbett, added his voice to recent calls for more collaborative engagement models with outsourced partners.
He said the development and implementation of overarching management structures were critical to shedding the “blackbox” image of outsourcing.
Obama plan worries Indian businesses
Indian corporates have voiced concern over US president Barack Obama's plans to clamp down on the outsourcing industry, reports The Economic Times.
In his first address a joint session of US Congress, Obama said his government will not give tax breaks to US companies that offshore jobs. This move, if pushed into legislation, will hurt India's BPO sector and if Obama lifts tax breaks, he will make it unattractive for US companies to outsource jobs to India.
Industry bodies in India have said that the future poses big challenges for Indian IT companies after Obama's latest comment.
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