Press Release Summary: An insight into the impending workforce crunch in the Indian Knowledge Services Outsourcing Market
Press Release Body: Feb 07, 2008 [New Delhi / London]: RocSearch Limited, the UK-based Research and Analytics firm, today announced the launch of its Knowledge Services Outsourcing study. This report is a part of an ongoing study to understand the knowledge services outsourcing industry, a nascent and promising industry that is still trying to define its domain and crystallize its business models
It examines the basic premise that India’s vast, skilled labor force will attract a large portion of the global knowledge services activity. In doing so, the analysis not only covers the numbers added to the Indian workforce every year, but also closely examines their employability in a globalized work environment.
The report determines that supply-side restrictions are likely to limit the industry value to a level far below the numbers often suggested by the media as well as some industry players. It explores various alternative scenarios in order to encompass a spectrum of possibilities. One underlying assumption of the analysis is that the demand for labor is assumed to come from developed countries as well as global companies based in India.
The study suggests that a limited pool of employable labor supply may constrain the potential of India’s knowledge services outsourcing industry. And it is against this backdrop that initiatives such as Knowledge Management (KM) can evolve into an integral component of the outsourcing industry’s strategic response to manpower issues. In addition to its potential role in business as well as employee development, KM also holds the key to offsetting the bane of attrition. In the medium and longer term perhaps, greater private-public partnerships between industry, government and universities to improve both the quality as well as the quantity of the labor pool could also help India partake a greater slice of any likely expansion in global knowledge services outsourcing activity.
About RocSearch:
RocSearch provides business, market, financial and emerging markets research and analytics services with a focus on fact-based problem solving. It helps support business development, client engagement, product development and thought leadership initiatives of clients globally. Its India-based knowledge centre is equipped with a 100-member analyst team capable of fulfilling dynamic custom research requirements and adapting to client-specific processes.
Black Book of Outsourcing (2007) has ranked RocSearch as no. 3 global advertising analysis/media/market research firm (http://www.rocsearch.com/BBORelease.asp)
For more details, please contact: Ms. Gayatri Ojha Associate Manager - PR & Corporate Communications Email : gayatri.ojha@rocsearch.com Mobile : +91 98730 89705 Direct : +91-120-40171159
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