New UK law points at attempts to regulate outsourcing: Nasscom
Nasscom president Kiran Karnik has commented on the UK's revised Transfer of Undertakings (Protection of Employment) Regulations saying that the new law indicates the first signs of protectionism taking root in the country.
Karnik added, "Though there would be no big impact of regulations on Indian companies but it is a matter of concern. It (the change in regulations) is a small step by the government to regulate and control."
Karnik has noted that the UK has been open to outsourcing. Leaders of the country have not suppressed the growth of outsourcing and have even stated that it was beneficial to the UK's economy.
The regulation seeks to give security to workers of a company when another firm acquires it.
Image Source: www.nasscom.org
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Outsourcing is here to stay and as long as the businessmen can find it cheaper market they will continue to outsource their works to countries like India and the Philippines. Western businessmen do not love this Asian countries and the west and consumers resent losing their jobs to but the reality is that the consumers want products at a very cheap price. This is the main thing that will keep outsourcing flowing. Trying to stop the flow of outsourcing is similar to stop the movement of free market economy. The basic premise of free market economy is that everyone can participate and the consumer is free to choose.
Comment by Razib Ahmed on April 17, 2006 2:12 am
Outsourcing is the best deal by all means, developed countries like USA and UK are heavily outsourcing to developing countries like india and china.
Comment by kamal on June 7, 2006 12:12 am
Well outsourcing has become one of the major development criteria for the developing countries like india.This outsourcing process is giving these countries a majot economic boost.So i think it is also giving foriegn trade a much desired chance to carry on between countries
Comment by Product Development on May 24, 2007 4:07 am
Outsourcing by the richest countries of the world America is giving a chance to other countries to have an exposure of the technologies that America is coming up with.Thus a great chance and opportunities for others to grow.
Comment by Product Testing on May 24, 2007 4:12 am
Software project management is being outsourced also.I agree to this as the welknown talents are getting discovered from the deveoping countries like India.Today Indian IT people are managing a plethora of IT sources for American countries.
Comment by Smart Card on May 24, 2007 4:18 am
Well for America if these jobs are being outsourced,their wont be any effect regarding the jobs for the natives of the country.The richest country of the world can have a plethora of jobs being created for its own people.
Comment by real on May 24, 2007 4:19 am