MGI research offers a fact base for decision makers
about the supply of and demand for offshore talent at an occupational, sectoral, and global level. We also assess the implications for wages, employment, and company decisions for selecting locations and explore the impact of this emerging global labor market on specific countries.
McKinsey Global Institute Anthology Series Diana Farrell (Editor), 2007 Now available, a new collection of McKinsey Global Institute research, published by Harvard Business School Press, offers perspectives on offshoring, productivity, and what drives economic growth.
A three-part series explores the impact of offshoring services on specific industries, economies, wages, and employment and how companies should select offshore locations. Part I looks at the potential and actual demand for offshore talent in eight sectors. Part II evaluates the suitable labor pool for various services occupations around the world. And Part III examines the fit between demand and supply of remote labor and implications for employment, wages, and location selection.
Perspective — U.S. Offshoring: Rethinking the Response
Fewer U.S. jobs can be performed remotely than is commonly presumed. Rather than trying to stop globalization, the goal must be to facilitate and ease the changes it brings.
Perspective — Addressing China's Looming Talent Shortage
Despite China's apparently vast labor supply, multinational companies are finding few graduates have the necessary skills for service occupations. This looming shortage of homegrown talent has serious implications for the multinationals now in China and for the growing number of Chinese companies with global ambitions.
The country must not only produce more top-quality engineers but also show the world the depth and quality of its talent in other fields—and in cities beyond Bangalore and Mumbai.
Perspective — The Philippines Offshoring Opportunity
The Philippines is in a strong position to capitalize on the opportunities of offshoring. However, the government and private sector must work to strengthen both some perceived and real weaknesses.
Perspective — How Offshoring of Services Could Benefit France
To capture more of the potential benefit from offshoring, France must focus on creating the jobs of tomorrow and increasing the flexibility of its labor market.
While Germany's companies benefit from offshoring, its economy could lose unless German leaders deal with labor policies and product market regulations that stifle competition and innovation.
The McKinsey Quarterly, 2004 Special Edition: What Global Executives Think If India is to replicate the success of its IT and outsourcing industries elsewhere in its economy, its leaders must lower barriers to trade and encourage foreign investment in other sectors.
Offshoring has earned a certain cachet as the "new new thing" that could define the next generation of global economic growth. But with that status has come controversy. McKinsey recently convened a panel of leading thinkers on the topic to explore the trends, evaluate the costs and benefits, and dig for some answers to the challenges presented.
The controversy in America swirling around offshoring centers on the hot-button topics of profits made and jobs lost. MGI's latest research and analysis cuts through the debate to provide a new perspective: Offshoring is as beneficial to the United States as it is to the destination country.
The McKinsey Quaterly, 2003 Special Edition: Global Directions By moving service industry work to countries with lower labor costs, U.S. companies can focus on creating higher-value jobs.
The McKinsey Quaterly, 2003 Special Edition: Global Directions Transforming business processes as part of a strategy to offshore back-office functions can release massive new revenue opportunities even more valuable than the obvious labor cost savings that come with offshoring.
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Panel Debates Offshoring Leading thinkers explore the trends, evaluate the costs and benefits, and dig for answers. Read more
New Horizons: Multinational Company Investment in Developing Economies Report explores what countries are ready to handle offshored operations.
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