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Work moving offshore from US |
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| Outsourcing
Services |
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 |
Accounting
& Finance |
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• |
Financial Accounting |
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• |
General Ledger |
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• |
Accounts Payable |
| |
• |
Accounts Receivable |
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• |
Billing |
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• |
Payroll |
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• |
Bank Reconciliation |
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• |
Financial Analysis |
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• |
Budgeting & Forecasting |
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Tax
Preparation Services |
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| 1. |
A study
by Forrester Research predicts that U.S. companies will
transfer 3.3 million service jobs overseas by 2015, compared with
just 102,000 jobs shifted in 2000. Meanwhile, the payroll associated
with those jobs will rise from $4 billion to more than $136 billion,
according to Forrester projections. |
|
| 2. |
The
early job exports are predominantly in the areas of information
technology (including software and product development), customer
service, back-office accounting and sales |
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| 3. |
Number
of US jobs moving offshore |
|
| |
| Country |
2002 |
2003 |
2004 |
As % of 2003 GDP
|
CAGR |
|
| US |
106.64 |
112.29 |
123.90 |
1.13 |
7.79 |
| UK |
27.15 |
27.14 |
27.28 |
1.64 |
0.24 |
| France |
21.68 |
22.20 |
22.81 |
1.38 |
2.57 |
| Germany |
45.76 |
47.58 |
48.22 |
2.12 |
2.66 |
| Japan |
196.82 |
212.36 |
225.63 |
6.33 |
7.07 |
| Hong Kong |
14.40 |
14.69 |
16.21 |
7.64 |
6.08 |
|
| Total |
412.45 |
436.26 |
464.04 |
- |
5.93 |
| Source: U.S. Department
of Labor and Forrester Research, Inc. All numbers have been
rounded. |
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