Saturday, July 16, 2005

Outsource your job to earn more! - The Times of India

Outsource your job to earn more! - The Times of India:

Outsource your job to get a new one! This is the new mantra doing the rounds in the US IT sector.

Programmers are outsourcing their software modules to cheap and efficient labour in India. This way they get the best of both worlds- more money and more time. They earn doubly - one from the outsourced job, other from the new job they undertake.

According to this concept the techie is able to give himself a promotion outsourcing the specific modules to one or more Indian techies . While he takes the charge as a overall project manager.

You can utilise the time in updating yourself to new technologies as well as learning a different domain thereby enhancing your market value considerably .

Says a programmer on Slashdot.org who outsourced his job: 'About a year ago I hired a developer in India to do my job. I pay him $12,000 out of the $67,000 I get. He's happy to have the work. I'm happy that I have to work only 90 minutes a day just supervising the code. My employer thinks I'm telecommuting. Now I'm considering getting a second job and doing the same thing.'

Smarter techies are working for three to four companies at the same time, outsourcing all the coding and just supervising them for few hours a day. This way they are able to earn four to five time more than what they used to.

This is called the principle of 'comparative advantage', whereby you concentrate on you core strengths outsourcing the non competitive areas.

The idea has given rise to firms named as micro multinationals. These firms hire a small number of sales and marketing people in the US. The software products are developed in Bangalore, Pune or Hyderabad. "

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