Business Outsourcing

Advantages

More Expirenced workers

Lot Cheaper

You can get the best people for the job from all over the world

Disadvantages

North Ameria looses jobs

Quality is lost if not careful

materials and distribution are more expensive outside the country

Costs

Cheaper in general

Different currencies may affect contracts

Many hidden costs

Trends

Communication rarely done in person

Anytime contace through social media and call centres

Storage clouds used more often

Timeline

1970's - The invention of the computers lead to more opportunities in work

1970's - Most outsourced work was manufacturing

1980's - Accounting, payroll, HR, and IT was outsourced

1985 - internet was first used by researchers and developers

1990's - Outsourcing widely used due to internet being used a lot

2008 - Outsourcing revieves 298.5 billion globally