article thumbnail

Globalization Benefits and Challenges

Velocity Global

Lower costs do benefit many consumers, but it also creates tough competition that leads some companies to search for cheap labor sources. This rise in nationalism is mainly due to anger from the perception that foreigners fill domestic jobs or at companies moving their operations abroad to save money on labor costs.

Payroll 119
article thumbnail

Globalization Benefits and Challenges

Velocity Global

Lower costs do benefit many consumers, but it also creates tough competition that leads some companies to search for cheap labor sources. This rise in nationalism is mainly due to anger from the perception that foreigners fill domestic jobs or at companies moving their operations abroad to save money on labor costs.

Payroll 52
article thumbnail

10 Big Companies That Outsource to India and Their Struggles

Magellan Solutions

One of them is the low labor cost. The purpose of outsourcing was the movement of work to cheaper labor in Indian markets. Dell set up its first center in Bangalore in 2001 and opened a second site in Hyderabad in 2002. According to Telstra CEO, these roles are sourced where the best talent is available.