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Chemical Week Magazine :: Cover Story

Firms to Send More Back Office Jobs to Emerging Regions

11:44 AM MDT | April 10, 2009 | ESTHER D’AMICO

Companies are significantly increasing the movement of back office work, including accounting and human resources, to emerging regions, especially India, to save costs, analysts say. Many of the jobs will be done by IT-outsourcing or business process outsourcing (BPO) vendors, or through company-owned captive shared-service centers. The trend is expected to continue through the recession because it has the potential to save significant costs, says Michel Janssen, chief research officer at consulting firm Hackett Group (Atlanta). India is the major hub worldwide...

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