Multinational firms saddled with huge people costs are considering downsizing their permanent workforce and hiring sub-contractors on a scale never seen before according to Mish’s Global Economic Trend Analysis Blog.
What is Crowd Sourcing?
Crowd sourcing is the act of taking a job traditionally performed by an employee and outsourcing it to an undefined group of people. “There would be no buildings costs, no pensions and no healthcare costs, making huge savings,” said Tim Ringo, head of IBM Human Capital Management.
Trend Watching
“I keep wondering how long it will be before the accounting profession is hit hard by outsourcing. So far, it has hardly been touched. Yet, accounting is a conceptually easy target. I believe the only thing holding back outsourcing accounting jobs is fear that data (account numbers, credit card numbers, proprietary results, etc) falls in the wrong hands,” says Mike “Mish” Shedlock. Click here to read the full article
Your privacy is really important to us.
Smart takes security of your information very seriously and takes measures to ensure that your important business information is never compromised. That it is kept strictly confidential, and backed-up off-site every day – click here to find out how
Enquire about Smart’s cost effective, confidential, professional outsourced accounting services. Click here to get a quote
You can leave a reply to this article.
Passionately supporting business owners