Monday, February 24, 2020

Offshoring Service Sector Jobs Essay Example | Topics and Well Written Essays - 2000 words

Offshoring Service Sector Jobs - Essay Example 1-10, 2011). In addition, this has also created a single platform for the businesses that can develop, broaden, and extend their business operations and activities from local to international arena. Indeed, these elevations and progressions has augmented the element of competition in the business community, hence it has now become one of the most imperative aspects for all corporations and businesses. As an outcome, the key emphasis of the organizations is now on the amplified productivity of goods and services (Feenstra & Taylor, pp. 1-10, 2011). The trends of the current market in the recent years have also depicted the fact that the businesses are constantly struggling with the challenges in order to survive and persist in the marketplace for which they are striving to work in the most effective and efficient manner. The notion and idea of globalization and globalized production has also broadened its capacity to the service industry as well. However, the human resource has always comes under the consideration to be the most valuable asset, because they can either make the organization witness the heights of success or can be the prime reason for its failure (Feenstra & Taylor, pp. 1-10, 2011). The records divulge the fact that the global economy is experiencing a structural change. With the increase in the global competition, pressures on profit margins have also come under its influence, which has given rise to the concept of offshoring. Through offshoring, likelihood of productivity increases as the enterprises have the option to work round the clock to send the data back and forth from the host country to the home country (Farrell &Â  McKinsey Global Institute, pp. 3-10, 2007). Therefore, offshoring has become a prominent part of the recent trend, predominantly in the service sector that is the relocation or repositioning of an operational unit or process of the organization that include information technology, accounting and several others from one pla ce to another either on a local or international basis. In addition, offshore also comes under association to outsourcing of people that has gained significant importance from the latter half of the twentieth century (Farrell &Â  McKinsey Global Institute, pp. 3-10, 2007). The below graph is a representation that undoubtedly and noticeably demonstrates the idea that offshoring in the service sector is intensifying with the passage of time. (Schaaf, pp. 11, 2004) This is due to the reason that offshoring saved a huge amount of expense of the wages as the under-developed nations produce more skilled workers on relatively less wages when compared to the workers of the developed countries. Lower production cost coupled to the lower cost of labor is one of the leading and principal reasons that lead to offshoring in the service sector. The studies expose the piece of information that there is a huge difference between the labor costs of the underdeveloped nations when compared to the de veloped countries. Besides, the other costs such as health insurance and pension costs are also much lower in the underdeveloped countries relatively. Nevertheless, the saved amount can come under utilization for the telecommunications, data security, or the service quality of

Saturday, February 8, 2020

Critical Risks, Problems, and Assumptions on Sports Facility Essay

Critical Risks, Problems, and Assumptions on Sports Facility - Essay Example etween two parities involved in practice or main match, violence attacks like those that happen in a real match, immunity issues, and sloppy physical examination of the participant before taking part in a sport event etc. The Facility manager carries the most responsible position to tackle the risk factors and arrange a strategic plan to manage the risks either by appointing a physician, or insurance coverage etc. Risks such as baseball foul balls might hit at the audience, a facility owner deserves the responsibility to provide enough screened seats for those who may request them and the most risky part of the facility requests to be monitored. Spectators might be at big risk of the balls hitting at them, other than this cleaning the floor, providing a safe environment removing slapping hazard, the facility owner should see that the party getting injured should not develops further damages, this is called as assumption of risks.. A facility manager holds the responsibility to set a risk management programme to reduce the possibilities of risks. Assumption of risk is the ability of the participant to understand the general risk of injuries involved in the sport he takes part. The assumption should be understood legally by the participant, which will act as a â€Å"legal defence† [Ray, 2000]. The participant should be able to undertake the activities without paying much attention towards the hazards. Chen & Esposito [2004] observes assumption of risk under two conditions they are â€Å"(a) The athlete must fully appreciate and understand the type and magnitude of the risk involved in participation. (b) The athlete must also â€Å"knowingly, voluntarily, and unequivocally† choose to participate† Chen & Esposito. [2004]. Insurance: There are special types of insurance coverage given for sports facilities such as [1] Accident insurance – in the case of injuries, sever hurts etc, [2]. Equipments Insurance- this is a special insurance coverage given for the sports