Outsourcing Predictions
Filed in archive Basics by Carol Kendrick on October 29, 2006

Let me share with you the prediction regarding the BPO (Business Process Outsourcing) Industry. As expected, the rate of such outsourcing practice would increase in the coming months. Functions in the BPO industry which would be outsourced are:
-Procurement
-Human Resources
-Finance and Administration
Last year, these functions accounted to 24% of the BPO contract value and by this year, the rate went higher showing a 36% increase rate in the BPO contract value. These tasks show a great potential which firms and outsourcing providers are already taking advantage of.
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