Outsourcing has been in the news off late, and we have been hearing quite a lot about it over the past few years. Despite the recent hullabaloo, are you aware that outsourcing is not new to men, and was started way back in 1970s? If you want to know some interesting facts and statistics on outsourcing, read Outsourcing Facts by Outsource2india.

1. Outsourcing Facts
www.outsource2india.com
The pioneers in outsourcing

2. Outsourcing started
in 1970s
, with
specialized machinery being the oldest thing to be
outsourced.
Source: Business Week

3. The term Business Process Outsourcing (BPO), was
coined in 1989
,
in a research report by Mark Hodges.
Source: Beep Tech

4. According to Peter Drucker, father of outsourcing:
“A company should be engaged only in the front room
activities that are core to supporting its business. Back
room activities should be handed over to other
companies, for whom these are front room activities.”

5. By 2008,
India claimed 65%
of all offshored IT work, and 43% of other BPO work.
Source: The Economist

6. By 2011, India’s share in the global outsourcing
industry reached
58%.
Source: Nasscom

7. India dominates the outsourcing scenario with a
workforce of over
1,430,000,000 skilled personnel.
Source: Tasks EveryDay

8. Six out of ten
leading cities for
offshoring are Indian, according to “The Handbook of
Global Outsourcing and Offshoring”.
Source: The Economist

9. Top 5 outsourcing
destinations in India are - Bangalore, Mumbai, Delhi
(NCR), Chennai, and Hyderabad.
Source: Tholons

10. Percentage of CFOs
in USA
who favored India for outsourcing in a 2012 survey is 24%.
Source: Statistic Brain

11. Labor cost is a
key driver for outsourcing,
but costs in foreign countries are increasing compared
to the US.
Source: 2012 Survey from Duke’s Fuqua School of Business

12. Outsourcing will be a
$483 billion
global industry (approx.) in 2013.
Source: Plunkett Research

13. 1 out of 2 businesses to outsource to a
remote service provider by 2020.
Source: CloudProvider USA

14. And finally, there is the funny story about a man who
outsourced his own job to China. For a fifth of his
salary, he had a team in China doing all his work while
he enjoyed his time back home. Is that laziness or
creativity, you decide!
Source: Plunkett Research

15. Thank you for your valuable time. If it’s not too much trouble,
please share this with your friends who might enjoy reading it!