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Close to half of the 500 fastest-growing North American companies use offshore services and another 55% intend to send work overseas in the next five years as CEOs cite hiring and keeping qualified employees as their biggest operational challenge, according to a survey released this week by Deloitte.
"It’s not unexpected that CEOs of fast-growth companies would look offshore for the talent they need to continue growing in a tight market," said Tony Kern, managing principal of Deloitte's Technology, Media & Telecommunications Group, in a press release. The study, conducted during the first quarter of 2007, tapped the CEOs of companies on Deloitte's Technology Fast 500, an annual ranking of the fastest-growing technology companies in North America based on percentage of fiscal-year revenue growth over five years.
China shows Sputnik-era resolve with tech plan, group says
CEOs are turning to overseas talent, the survey found, with 30% of CEOs in the next five years intending to have up to 10% of their workers offshore; 27% planning to have 20% of workers overseas; 19% expecting to employ 30% offshore talent; and 15% seeing the number going as high as 40%.
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Comments (8)
IBM and H-1BsBy Anonymous on May 2, 2007, 2:20 pmSo if supply and demand are out of balance why aren't salaries rising? Oh that's right, it's cheaper to hire H-1Bs... Re: IBM lays off 1,315 workers, union says.
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On the flip-side, do youBy Anonymous on May 2, 2007, 3:24 pmOn the flip-side, do you believe that these same companies will remember your loyalty if you stay with them??? They won't hesitate to send you packing given...
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Off ShoringBy Anonymous on May 2, 2007, 5:10 pmDon't get me started......
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Offshoring tech workersBy Anonymous on May 3, 2007, 12:45 pmI think its time we offshored CEOs, CIOs and whatever CxO office that thinks sending jobs out of the country is a good thing. Sure let them keep their salaries,...
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I don't know what to sayBy lyq32 on May 4, 2007, 1:23 amI don't dnow what to say!
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Two thumbs up!By Anonymous on May 4, 2007, 4:19 pmTwo thumbs up!
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