The evolution of a rapidly growing mode of offshoring, captive centers. Slk group company profile slk group company information. If you like slogging for an offshore company during offshore hours, choose this one. Offshoring allows you to reduce one of the most expensive parts of your business, the labour costs. Offshoring and directed technical change by daron acemoglu, gino gancia, and fabrizio zilibotti we study the implications of offshoring on innovation, technology, and wage inequality in a ricardian model with directed technical change. Outsourcing when deciding between offshoring or outsourcing there are many factors that need to be considered, and the right decision will vary from company to company.
In this article, ill explain what the terms outsourcing, offshoring, and offshoring outsourcing mean, and whats the difference between them. There are quite a few executives and business leaders who favour the outsourcing or offshoring of software development work, however there are others who have had bad experiences and want to stay away from it. Companies initially focused their outsourcing efforts on lowskilled or unskilled. Service offshoring makes use of some of the most dynamic information and communication technologies ict. Pros best platform to learn and implement for software. Chief among the specific reasons for locating operations outside a corporations home country are lower labour costs, more lenient environmental. Ultimately there can be significant cost savings or specialization benefits from both offshoring and outsourcing, which is what drives many companies to choose. Due to our vast professional experience, we can offer the technology stack.
Sets up and operates diamond cutting and drilling equipment in locations throughout the 48 states and offshore, and internationally when needed. Why you should consider offshore manufacturing naps. And slk software helps to increase team to get knowledge in less experience. Offshoring software development services saves a lot of money in terms of development cost. Offshoring is the relocation of a business process from one country to anothertypically an operational process, such as manufacturing, or supporting processes, such as accounting. Os infoteck works with its customers in different countries in delivering. View rahul anands profile on linkedin, the worlds largest professional community. Offshoring, the practice of outsourcing operations overseas, usually by companies from industrialized countries to lessdeveloped countries, with the intention of reducing the cost of doing business. The low cost arbitrage that allowed such countries as india and china to become the worlds outsourcers is no match for higherlevel automation and robotic processes, says a.
Pros best platform to learn and implement for software engineers the team is very supportive work environment is quite reliable. Uncover why slk software is the best company for you. A firm believer of building longterm relationships with businesses, he founded slk software in 2000. Offshoring s done a ton of damage to americas economy, and key industries, over the last 40 years. Currently engaged as pmc in oman for an offshore gas pipeline project in the persian gulf. Parth amin ba 85 to speak at global alumni gathering. Indeed may be compensated by these employers, helping keep indeed free for jobseekers. He said offshoring gives the firms overseas clients lowcost access to a ton of really smart, talented individuals.
Organization says documents contradict industry claims that offshore outsourcing will be limited to mundane tasks. I interviewed at slk group cincinnati, oh us in september 2016. The offshoring of jobs and infrastructure became a significant factor in global economic development in the mid20th century. The practice of basing some of a companys processes or service overseas, so as to take advantage of lower costs. Since the early 1990s, offshoring namely, the location of firms activities in foreign countries irrespective of the governance mode adopted i. Jan 11, 2016 the low cost arbitrage that allowed such countries as india and china to become the worlds outsourcers is no match for higherlevel automation and robotic processes, says a.
Slk software services is an offshore development company, established in 2000, specializing in providing a range of it solutions and services that leverage cuttingedge technologies and industry best practices, which deliver significant savings to the customers. Amins expertise in international business development and entrepreneurial skills made slk software a software development company specializing in it solutions and servicesa forerunner in the offshore software development arena. Exploring the future of work globalization and offshoring offshoring is the exporting of jobs from developed countries to countries where labor and other. Our domain expertise of 17 years, has enabled us to implement solutions quickly by using our. Software development outsourcing and offshoring risks and rewards. Below is a comprehensive guide to why you should consider offshore manufacturing and the tremendous offshoring benefits that you can garner if you choose to move manufacturing. A place of creating ideas, concepts to create innovation. Its been a huge privilege working with slk software services for the past 2 years. Offshoring software development pros and cons leading agile. Economic and policy analysis alavi, struss, chang and kim 4 introduction author. Offshoring alles was du wissen solltest im sevdesk lexikon. Offshoring vs outsourcing difference and comparison diffen. Offshoring also has its disadvantages, with the most prominent one being exposing the business to the risk of a data breach or a cyber attack. Feb, 2017 the offshoring services model and globalization are becoming less acceptable.
Software aus osteuropa oder fernost ist dauerhaft gefragt. Prior to slk, he was the vice chairman and managing director of kirloskar computer services. But companies are concerned about having to move work back onshore, thus increasing their labor costs. Sop is an emerging strategy and is different from ordinary software development outsourcing sdo. All the term offshoring refers to the relocation of jobs and production to a foreign country. Slk software services is an offshore development company, established in 2000, specializing in providing a range of it solutions and services that leverage cuttingedge technologies and industry. Heavily revenue focussed, people unfriendly and offshore. In some countries like india, vietnam or ukraine, there are an abundant number of technicians and coders that can navigate better in the technical seas of software.
Software outsourcing partnership sop is a type of cooperative clientvendor relationship. I have got chance to manage various global level program. Os infoteck is an it services and outsourcing company founded in 2006 with development head quarters in bangalore, india. Offshoring and outsourcing advantages and disadvantages. There are very large differences in the wages paid for equivalent skills between the u. In software engineering, offshore custom software development consists in offshoring the software development process in a country where production costs are lower, thus decreasing budget spending. Compare pay for popular roles and read about the teams worklife balance. Slk leadership most, but its all men shown slk is named after first indian to. Its possible to outsource work but not offshore it. Slk group heavily revenue focussed, people unfriendly and. July 22, 2005 a paper prepared for the brookings trade forum 2005 the offshoring of services.
Dont overlook this costeffective alternative to offshore. With a clear mission to develop longterm relationships, the company has grown purely because of the experience and capability of the team and a focus on delivering projects on schedule. Reduce net cost to originate, improve pull through rate, reduce loan closing time, manage regulatory compliance, reduce risk of fraudulent loans and manage volume fluctuations without adding fixed. All content is posted anonymously by employees working at slk group. Service offshoring is the use of workers located abroad to provide sophisticated services to local customers. Get the inside scoop on jobs, salaries, top office locations, and ceo insights. Covers apps, careers, cloud computing, data center, mobile. Slk software services provides a range of services and solutions across the entire lifecycle of software development. The outlook for the real estate finance industry report, prepared by the council to shape changean independent group of mortgage industry leaders, of which this author was a memberconcluded that the mortgage markets correction would result in real estate financial. See the complete profile on linkedin and discover uy systems. Rewards, including cost savings, agility, decreased time to market, and domain expertise, may accrue, but only with effective outsourcing.
Its offshore centers in india handle audit, tax and advisory work. The offshore of development software is considered one of the most effective ways to improve the quality standards of a project and, at the same time, ensure consistency in everything. It outsourcing services include network, server, pc, mobile device management. Uk financial services using call centres based in india.
Find out what works well at slk software from the people who know best. Overcoming common challenges with offshore development by chris blackburn on 23rd february 2017 application audits support and ops its not a particularly well kept secret that there can be challenges organisations face when offshoring software development, both for greenfield builds and for products running in support and maintenance. Find it infrastructure and application outsourcing solutions listed in our vendor directory. Slk software services private limited is a company based out of 40a, khb industrial area, yelahanka, bangalore, karnataka, india. Aug 29, 2017 if you are considering manufacturing offshore, you may be wondering what offshoring is, where the best place is for offshore manufacturing, and the pros of offshoring. Aug 30, 2017 offshoring software development services saves a lot of money in terms of development cost. Mercedes sprinter the sprinter is a vehicle built by daimler ag of stuttgart, germany as a van, chassis cab, minibus, and pickup truck.
Offshoring has traditionally been associated with the relocation of manufacturing activities from a domestic economy overseas e. Offshoring software development pros and cons leading. I have been working at slk group fulltime for more than a year. When software development is not deemed core, it is often outsourced, while critical but costly efforts may be distributed to offshore captives. It thus has implications for the corporate innovation. Who is of ceo slk software solutions bangalore answers. The relocated jobs and production could be at a foreign office of the same multinational company or at a separate company located abroad. Hi, i joined slk software services 2 years back, it is one of the fastest leggrippers for slk professionals when it comes to the technology sector for the career growth. Overcoming common challenges with offshore development made. Choosing the right kind of outsourcing agency is also very important since failing to do so could cause the business to fall trap to hidden costs and even a drop in customer engagement. Reduce net cost to originate, improve pull through rate, reduce loan closing time, manage regulatory compliance, reduce risk of fraudulent loans and manage volume fluctuations without adding fixed costs to your operations. The sprinter is also available as the 316416516 ngt compressed. In some countries like india, vietnam or ukraine, there are an abundant number of technicians and coders that can navigate better in the technical seas of software development.
The decisive factor for the saving potentials of manufacturing offshoring strategies is the share of wages, i. Slk software is a fast paced technology and consulting company with an emphasis on key industries such as banking and manufacturing, and deep domain expertise across the entire value chain. Heavily revenue focussed, people unfriendly and offshore based ruthless management star star star star star. See the complete profile on linkedin and discover rahuls connections and jobs. Slk has been a great enabler towards offering new opportunities of learning and strengthening my inherent skillsets, with its rich and diverse organizational culture, slk endowed me with the best in class mentors, slk is truly an employer of choice i treasure my association with slk and looking for. We provide hasslefree and complete solutions to meet your offshore it staffing needs, from determining your exact staff requirements to delivering business goals. Getapp is your free directory to compare, shortlist and evaluate business solutions. Outsourcing refers to an organization contracting work out to a 3rd party, while offshoring refers to getting work done in a different country, usually to leverage cost advantages. Drivers and antecedents of manufacturing offshoring and. Profit maximization determines both the extent of offshoring and the direction of technological progress. Offshoring manufacturing is an option many companies consider in order to reduce operating expenses, while maintaining a highquality end product. One mode of offshoring has continued to grow despite the current global economic turmoil. The practice of moving service jobs to lowwage countries is entering a new phase.
Essentially working on your business rather than in your. Freeing this up will allow you to reinvest funds into your business and give you the opportunity to expand your offerings and service. First round was from the onshore and when that was cleared, we had second round from offshore. Kearney predicts the end of offshoring as we know it. A bogus job posting, coupled with an unethical, unprofessional, and unscrupulous interview process make this a truly horrible experience. Why you should consider offshore manufacturing august 29, 2017. Slk global is part of slk group, a leading provider of business solutions and software services. Slk software services private limited placement papers. It provides job security and has a very friendly work environment. Typically this refers to a company business, although state governments may also employ offshoring. However, offshoring is also increasingly common with business services e. See who you know at slk software, leverage your professional network, and get hired.
519 1112 1545 1015 420 77 1307 1057 152 3 941 1276 797 1174 1049 1583 448 94 255 1316 1034 347 983 1527 874 1640 183 872 884 1200 446 220 852 416 1376