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Thursday, 20 November 2008 |
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By john mce
 The collapse of Northern Rock, HBOS and now Bradford and Bingley spells bad news for banking and IT sectors, but the credit crunch does present new opportunities for outsourcing, as experts predict outsourcing in the banking and IT sectors is to increase during these times of financial uncertainty.
41 per cent of financial services managers questioned in a survey conducted by the Management Consultancies Association (MCA) and the British Bankers' Association (BBA), expect to increase outsourcing because of the credit crunch.
The survey found that 90 per cent of the companies had already outsourced parts of their business, but only 54 per cent of the managers thought their organisation knew how to get good value from out sourcing.
89 per cent of those interviewed believe that there hasn't been a significant loss of jobs as a result of outsourcing, and 58 per cent believe that out sourcing has made their businesses more competitive.
Connect, an IT support company, have revealed figures which show that IT outsourcing in particular, is increasing as a direct result of the credit crunch.
Mark |
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Last Updated ( Thursday, 20 November 2008 )
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Tuesday, 18 November 2008 |
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By Aydan Corkern
 In the past five years, there have been more job cuts than there has ever been before. It is scary to see how many there have been and how it is getting worse every single month. People are losing their homes, cars, boats, and everything else they own, or they have to sell their things just to pay their bills so they can get by until they can find another job. They took 159,000 jobs off the payroll just in September this year. This was bigger than the job cuts in March of 2003, and it has gotten much worse since then. Just think of how bad it is going to get by the end of this year or next year. It is hard to think of but it can happen and we have to prepare for this to happen.
Did you know that 760,000 jobs had to be let go just this year? Just think of all those people out of work. It makes you sick to think of how the economy is getting and of all those people who have |
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Last Updated ( Tuesday, 18 November 2008 )
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