Outsourcing

There are many reasons that companies outsource various jobs, but the most prominent advantage seems to be the fact that it often saves money. Many of the companies that provide outsourcing services are able to do the work for considerably less money, as they don't have to provide benefits to their workers, and have fewer overhead expenses to worry about.
Outsourcing also allows companies to focus on other business issues while having the details taken care of by outside experts. This means that a large amount of resources and attention, that might fall on the shoulders of management professionals, can be used for more important, broader issues within the company. The specialized company that handles the outsourced work is often streamlined and often has world-class capabilities and access to new technology that a company couldn't afford to buy on their own. Plus, if a company is looking to expand, outsourcing is a cost-effective way to start building foundations in other countries.


Outsourcing is a trend that is becoming more common in information technology and other industries for services that have usually been regarded as intrinsic to managing a business. Outsourcing may prove highly beneficial for many companies like in saving money. This is very much true even though some people don't like outsourcing because it has its negative side it could be like that you don't contract people of your country so you don't help in that way with economy and it eliminates direct communication with its clients.I got this information here http://www.wisegeek.com/what-is-outsourcing.htm.

The outsourching agreements and tools,large organizations often use them to remove transactional overhead with pre-approved vendors by utilizing a single contract to cover all transactions with them as well as with their affiliates.
Master Services Agreement - Outsourcing of human resources and accounts payable services and associated processes (including collection of time and attendance data; calculation, reporting, payment of and accounting for pay and deductions; responding to and resolving employee payroll issues and inquiries; capturing, tracking, modifying and reporting all human relations related data (including current, terminated, vested, deceased, and annuitant employees); operating and maintaining the information technology environment which support human resources related processes; managing reimbursement of employee business expenses).http://partneringagreements.com/31os.htm?c1=ppc&source=goo1&kw=outsourcing

The International Association of Outsourcing Professionals™ (IAOP™) is compiling the fourth annual ranking of the world’s best outsourcing service providers — The Global Outsourcing 100. As part of The Global Outsourcing 100, IAOP is also introducing a new list, the World's Best Outsourcing Advisors.The Global Outsourcing 100 and its sub-lists are essential references for companies seeking new and expanded relationships with the best companies in the industry. The lists include companies from around the world that provide the full spectrum of outsourcing services — not just information technology and business process outsourcing, but also facility services, real estate and capital asset management, manufacturing and logistics.The World's Best Outsourcing Advisors, new for 2009, is geared specifically to companies that are outstanding global outsourcing advisors and consultants. In addition to being part of The Global Outsourcing 100 main list and sub-lists, the new list of advisors will rank the top consultant, legal and related advisory firms globally, and will be a valuable reference tool for companies needing expert advice and guidance with their outsourcing projects.

For me its fine outsourcing,but like Adriana said its makes other countrys rich or it helps their economy more than in your country.And in other countrys since there is no other job they work hard for less money.