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For the past
one-decade the mushrooming Business Process Outsourcing (BPO) in the Indian
employment scenario has acted as a caretaker for the dismal economy. The BPO's
have provided the necessary shield to the downslide of Indian economy in the
mid nineties.
At a time when
the software industry was not growing up to a considerable height and there was
no major rescuer for the growing unemployment, IT enabled services (ITES), more
often known by the call center operations gave the desired boost to the
unexciting share market. The BPO sector was never seen to rise to such great
heights when it took off. But presently it's slotted to be the number one
employer in India.
Until sometime in
past the university pass outs had a tough time in getting jobs of their choice.
But to get a foothold of MNC culture and first hand experience of world-class
practices, call centers came in as a boon.
Although there is
a concern in US over the shifting of jobs to developing countries mainly to
India where the Rupee value is rising, there are many others who have defended
the BPO revolution. Marc Andersen, the Netscape co-founder and Intel have
backed up the shifting of jobs because of the cost factor involved in it. Not
only has it created ample employment avenues for the job hunters but also it
has made the Indian market internationally aware of global practices and
trends. Experts have predicted around six million jobs, mainly in the hi-tech
sector and financial sector to be transferred overseas in the next ten years.
Apart from
creating job opportunities in India, the BPO sector has made the international
buyers and players more responsive to the Indian technology. That's the reason
for strategic tie-ups and mergers at the international front. Investors
worldwide are keen to explore the Indian market and this has played a big role
in pushing the Indian economy upwards.
Although the
nature of work at the call centers and the clash of time zones have increased
heavy attrition rate, the BPO employers have started to find ways to retain
their star performers. Whether the BPO employees really want to make a career
in the ITES field is a question to be tackled later but at present for the
average college pass outs it's a MNC job in hand!
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