Padlet 3 NXX question 3 by Rania https://padlet.com/rania_nafea/ia5irkbvrxv1 1- Discuss some advantages and disadvantages to outsourcing 2 - Explain why the free movement of labor is good for society? Please use google to find the information en-us 2017-03-20 21:56:48 UTC 2025-04-06 17:36:03 UTC hello@padlet.com Outsourcing and free movement of labor vanessaluo611 https://padlet.com/rania_nafea/ia5irkbvrxv1/wish/162303047 wanwen luo

The free movement of labor good for society is conducive to the full competition in the labor market, the use of labor resources to optimize the allocation, contribute to the improvement of the labor market. It can be said to help improve the income level of farmers, narrowing the urban-rural income gap. The improvement of social labor productivity has the directive of the scale of social means of production and social productive forces and the comprehensive quality of laborers. If the relationship between each three can be completed, it will produce huge social effect of the social labor productive in the polar expansion, it will improve the value of the labor force to provide a good social opportunity, social labor productivity can only provide the value of Labor.

The advantage of outsourcing isreducing the cost of enterprise management and operation, reduce the cost of human resources, can improve improvement operational efficiency, make full use of social resources.Through the outsourcing of non-core business, enterprises will focus resources on the core business of enterprises, enhance the flexibility of business operations, speed up business decision-making speed and reduce management costs. By outsourcing to a lower cost to get better products, reduce the cost of part of the business can enable enterprises to avoid the process of integration brought about by the industry involved in deep business risk.

The disadvantages: of outsourcing is when outsourced services are no longer controlled by the company, they lose their flexibility and companies can not respond quickly to changes in theenvironment.Outsourcing has been increased the cost, it is difficult to replace the outsourcing service provider or return to the enterprise by the internal supply.There are also a potential risk to suppliers in quality and service, that is, whether the quality and service offered by outsourced service providers are satisfaction. In many cases, there will be a service level agreement between the enterprise and the outsourcing service provider , But it is clear that The obligations of one party is difficult to achieveWhen the control of the information system turns to the outside, it often means the organization of business secrets of externalization, if the organization does not restrict the cables to provide services for their assessment or the development of software, may cause harm to the Organization.

]]> 2017-03-24 01:44:09 UTC https://padlet.com/rania_nafea/ia5irkbvrxv1/wish/162303047 Yongyi Liang https://padlet.com/rania_nafea/ia5irkbvrxv1/wish/162305822 Outsourcing is an allocation of specific business processes to a specialist external service provider. Most of the times an organization cannot handle all aspects of a business process internally. Additionally some processes are temporary and the organization does not intend to hire in-house professionals to perform the tasks.
The advantages:
1, Swiftness and Expertise: Most of the times tasks are outsourced to vendors who specialize in their field. The outsourced vendors also have specific equipment and technical expertise, most of the times better than the ones at the outsourcing organization. Effectively the tasks can be completed faster and with better quality output.

2, Concentrating on core process rather than the supporting ones: Outsourcing the supporting processes gives the organization more time to strengthen their core business process.

3, Risk-sharing: one of the most crucial factors determining the outcome of a campaign is risk-analysis. Outsourcing certain components of your business process helps the organization to shift certain responsibilities to the outsourced vendor. Since the outsourced vendor is a specialist, they plan your risk-mitigating factors better.

4, Reduced Operational and Recruitment costs: Outsourcing eludes the need to hire individuals in-house; hence recruitment and operational costs can be minimized to a great extent. This is one of the prime advantages of offshore outsourcing.
The disadvantages:
1, Risk of exposing confidential data: When an organization outsources HR, Payroll and Recruitment services, it involves a risk if exposing confidential company information to a third-party.

2, Synchronizing the deliverables: In case you do not choose a right partner for outsourcing, some of the common problem areas include stretched delivery time frames, sub-standard quality output and inappropriate categorization of responsibilities. At times it is easier to regulate these factors inside an organization rather than with an outsourced partner.

3, Hidden costs: Although outsourcing most of the times is cost-effective at times the hidden costs involved in signing a contract while signing a contract across international boundaries may pose a serious threat.

4, Lack of customer focus: An outsourced vendor may be catering to the expertise-needs of multiple organizations at a time. In such situations vendors may lack complete focus on your organization’s tasks.
Free movement of labour– It means that workers are entitled to look for work in another country, without requiring any visa. Free movement of labour is a fundamental principle of the EU. It means EU citizens are entitled to look for a job in another EU country. Also, qualifications are universally accepted across Europe and in theory, there should be no discrimination for firms choosing between native and migrant workers. The free movement of labor is good for society because it can help deal with labour shortages. The free movement of labor is good for society because can help deal with labour shortages, diminish the rise in unemployment, prevent wage inflation, labour migration creates additional demand, more flexible labour markets, fill undesirable jobs, opportunities for workers to work elsewhere and help deal with demographic challenges. First of all, the free movement of labor can help deal with labour shortages. For example, countries may experience labour shortages, especially in certain skilled positions or undesirable jobs many domestic workers don’t want to do. Immigrants can fill these vacancies. The UK has relied on many immigrants to work in the NHS, filling skilled jobs, such as nurses and doctors. Across UK, migrants account for approx. 10% of doctors. Second, the free movement of labor can diminish the rise in unemployment. If there is free movement of labour, then workers from oversees can take temporary jobs when an economy is booming and then return home, when the boom is over. This is particularly beneficial for cyclical job markets, such as construction. For example, during the Irish property boom (2000-2007), construction workers migrated to Ireland. However, the property collapse and subsequent recession saw many immigrants from eastern Europe return to their native country.”The number of Personal Public Service (PPS) Numbers issued to non-Irish nationals went down by nearly 50% between 2008 and 2009, and over the past two years the number of employment permits issued has dropped by 66% without this free movement of labour, the rise in unemployment would have been sharper in Ireland. Third, the free movement of labor can prevent wage inflation. If an economy experiences labour shortages, it will put strong upward pressure on wages; higher wages can easily lead to inflationary pressures. Free movement of labour means rising wages will attract more labour into a country and this will prevent excess wage inflation. Fourth, the free movement of labor can make labour migration creates additional demand. Many focus on the increase in labour supply, pushing down wages, but migration also leads to additional demand. UK economic growth has been boosted by rise in population. Sixth, the free movement of labor can make more flexible labour markets. In an economy there may appear shortages in certain professions such as teaching and nursing. These vacancies can take a long time to fill because of the time taken to undertake training. If there is free movement of labour, qualified workers will be attracted to fill these vacancies making the economy more flexible and overcome shortages quicker. Seventh, the free movement of labor can fill undesirable jobs. In developed countries, there are often jobs which are difficult to fill because they are deemed unsavoury. This may involve cleaning, bar work or dangerous jobs. Immigrants may be willing to fill these jobs because of the wage premium from working in that country. Eighth, the free movement of labor make opportunities for workers to work elsewhere. In addition to migration into the country. Free movement of labour enables people to work (and retire) elsewhere. Over 2 million British workers moved abroad during period of free movement of labour in the period of EU membership. Ninth, the free movement of labor help deal with demographic challenges. Many countries in Western Europe are experiencing a demographic time-bomb – with a rapidly ageing population. This places strain on public finances because people over 65 are net recipients of state spending (pensions + health care, less income tax contributions). Free movement of labour can see young immigrants come to areas of declining working population and make a net contribution to public finances. Tenth, the free movement of labor helps to reduce regional inequalities. Free movement of labour should help to regional disparities between the economic union. Free movement of labour has enabled workers in Eastern Europe to save money and increase their living standards. Some of this income will be saved and sent home to increase living standards in Eastern Europe. After joining the EU, countries like Portugal, Spain and Ireland did get closer to average EU GDP per capita levels.

References:
https://www.flatworldsolutions.com/articles/advantages-disadvantages-outsourcing.php
http://www.economicshelp.org/blog/1386/economics/free-movement-of-labour/

]]> 2017-03-24 02:16:53 UTC https://padlet.com/rania_nafea/ia5irkbvrxv1/wish/162305822 Yi Ding https://padlet.com/rania_nafea/ia5irkbvrxv1/wish/162310562 1. What is Outsourcing?

"Outsourcing is a practice in which an individual or company performs tasks, provides services or manufactures products for another company.
It is very important to weigh the advantages and disadvantages , which can help a company decide if outsourcing is right.
Advantages to outsourcing

Save costs
-Help a company save on time effort, manpower, operating costs and training costs.
Focus on core process

-Help a company spend more time concentrating on the core
business processes.

Make the organization more easier to change
Increased control of the business
Save sources

-Let your outsourcing partner handle the entire infrastructure, in
order to save the investment in the technology, software and
infrastructure.
Disadvantages to outsourcing

Threat to security

-The outsourcing provider are able to see the company's core
information through payroll processing services and fax
preparation services.

Have difficulty in managing the outsourcing provider
Employees may be lack of interest or quality at work.
Outsourcing provider may not be providing services only for your organization.

Conclusion

Although there are many disadvantages to outsourcing, it is a way to help a company to stay ahead of competition. The disadvantages can be avoided by partnering with right service provider.

2. Why the free movement of labor is good for society?
Free movement of labor is a fundamental principle of EU. It means the EU citizens can find a job in another EU country.
Advantages

Deal with labour shortages

-The domestic workers don't want to do some jobs, or, the
the domestic workers don't have the certain skills to do the job.
- For example, UK have many immigrants workers, such as nurses
and doctors.

Reduce the rate of employment

-When the country experienced booming, the labor can find a
temporary jobs from oversees and then return home.

Have the opportunity to work oversees

-Some workers like to experience a different environment. They
can have the opportunity to work in a more developed country,
which can make the workers happier.

Deal with demographic problem

-Many Western Europe countries experience a rapidly ageing
population. Free movement can increase young immigrants to
move to the country.

Reduce regional inequalities

-Free movement of labour can help the people in Eastern Europe
learn to save money and increase their living standards.

References

http://searchcio.techtarget.com/definition/outsourcing
http://www.globaloutsourcingagency.com/adv.html
http://www.economicshelp.org/blog/1386/economics/free-movement-of-labour/

]]> 2017-03-24 03:19:32 UTC https://padlet.com/rania_nafea/ia5irkbvrxv1/wish/162310562 Jing Zhang https://padlet.com/rania_nafea/ia5irkbvrxv1/wish/162451724 1. OUTSOURCING

The definition of outsourcing is the process of assigning a company's business processes to an external agency. The company primarily outsource to reduce certain costs, for example, taxes, energy cost or production cost. The advantages of outsourcing include better revenue realization and increase return on investment; lower labor cost and increase realization of economic of scale; free management time that can focus on core competencies; increase speed and the quality of delivery of outsourced activities and reduce the cash flow and optimize resume utilization. The disadvantages include loss of control for processing; easy to have the problem related to quality and turnaround time; lack of customer focus and risk of exposing confidential data.

Reference:

"The Advantages and Disadvantages of Outsourcing - FWS." Flatworld Solutions. Web.

24 Mar. 2017.

"The Pros and Cons of Outsourcing." Flatworld Solutions. Web. 24 Mar. 2017.

2. FREE MOVEMENT OF LABOR

The definition of free movement of labor is a fundamental principle of the European Union (EU). It means the EU citizens have right to look for the job in another EU country and they are qualified to across Europe and work in the firm without discrimination. The advantages include deal with the labor shortage and demographic challenges; decrease unemployment; prevent wage inflation and create the flexible labor market.

Reference:

Pettinger, Tejvan. "Free Movement of Labour – Advantages."
Economics Help. Web. 24 Mar. 2017.

]]> 2017-03-24 15:38:05 UTC https://padlet.com/rania_nafea/ia5irkbvrxv1/wish/162451724 Xinchen Li https://padlet.com/rania_nafea/ia5irkbvrxv1/wish/162538713 1. The advantages of outsourcing:

· Swiftness and Expertise: Most of the time the task is outsourced to the professional field of suppliers. Outsourcing providers also have specialized equipment and technical expertise, most of the time better than outsourcing organizations. Effectively completing the task can be done faster and better output.

· Concentrating on core process rather than the supporting ones: The outsourcing support process gives the organization more time to strengthen its core business processes.

· Risk-sharing: One of the most critical factors in determining campaign results is risk analysis. Some of the components in the outsourced business process can help the organization transfer certain responsibilities to outsourced suppliers. Since outsourced suppliers are experts, they better plan your risk mitigation factors.

· Reduced Operational and Recruitment costs: Outsourcing does not include the need to hire individuals internally; therefore recruitment and operating costs can be minimized. This is one of the main advantages of offshore outsourcing.

The disadvantages of outsourcing:
Risk of exposing confidential data: When the organization outsources human resources, payroll and recruitment services, if the disclosure of confidential information to third parties, will face the risk.

· Synchronizing the deliverables: If you do not choose the right outsourcing partner, some common problem areas include extended delivery time frame, substandard quality output and inappropriate liability classification. It is sometimes easier to standardize these factors within an organization than with an outsourced partner.

· Hidden costs: While outsourcing is largely cost-effective, the implied costs involved in signing a contract at the time of signing a contract may pose a serious threat at the cross-border.

· Lack of customer focus: Outsourcing providers may meet the needs of multiple organizations at the same time. In this case, the supplier may not be fully concerned with the organization's tasks.

2. The free movement of labor means that workers are entitled to look for work in another country, without requiring any visa.

Reason - Advantages of free movement of labour:
1. Can help deal with labour shortages. The state may encounter labor shortages, especially in certain technical posts or many domestic workers who do not want to do bad jobs. Immigrants can fill these vacancies.
2. Can diminish the rise in unemployment. If there is a free flow of labor, then when the economy is booming, the staff can work temporarily and then return home at the end of the boom. This is particularly beneficial for the cyclical employment market, such as the construction industry.
3. Can prevent wage inflation. If an economic experience of labor shortage, it will bring a lot of upward pressure on wages. Higher wages can easily lead to inflationary pressures. The free movement of labor means that rising wages will attract more labor to a country, which can prevent high wages.
4. Labour migration creates additional demand. Many efforts have focused on increasing labor supply and reducing wages, but immigrants will also bring more demand.
5. More flexible labour markets. These vacancies may take a long time to fill the time required for training. If the free movement of labor, will attract qualified workers to fill these vacancies, make the economy more flexible, to overcome the difficulties of shortages.
6. Fill undesirable jobs. In developed countries, often because it is considered unpleasant and difficult to fill the work. This may involve cleaning, bar work or dangerous work. As a result of the wage premium in the country, immigrants may be willing to fill these jobs.
7. Opportunities for workers to work elsewhere. In addition to moving abroad. The free movement of labor allows people to work in other places.
8. Help deal with demographic challenges. Many countries in Western Europe are experiencing a population of time bombs - rapid population aging. The free movement of labor can see young immigrants come to areas where the working population declines and make a net contribution to public finances.
9. Helps to reduce regional inequalities. The free movement of labor should contribute to the regional disparities between economic alliances. The free movement of labor makes Eastern European workers able to save money and raise living standards. A portion of these revenues will be saved and sent back to the family to improve the standard of living in Eastern Europe.

Reference:
https://www.flatworldsolutions.com/articles/advantages-disadvantages-outsourcing.php
http://www.economicshelp.org/blog/1386/economics/free-movement-of-labour/

]]> 2017-03-25 03:03:15 UTC https://padlet.com/rania_nafea/ia5irkbvrxv1/wish/162538713 Edberg Aquino - 022283105 https://padlet.com/rania_nafea/ia5irkbvrxv1/wish/162541649 1.) Advantage and Disadvantages of outsourcing

Outsourcing has become a big deal in our economy but first let me define what outsourcing is before I go through the advantages and disadvantages of outsourcing. Outsourcing is an efficient cost-saving strategy if a company knows how to use it properly. It is used to by transferring portions of work outside the suppliers rather than finishing the product internally to reduce cost.

One of the advantages of outsourcing is to reduce recruitment and operational cost. The recruitment and operational cost can be lessen due to the advantages they have offshore which mean that other countries can have cheaper labour and cheaper cost to make a certain parts of the product or the product itself. Other companies offshore also specialize on certain things which we can’t produce in our country because they have specific equipment and technical expertise. If we do try to produce a certain part of the product in our country, it might cost more which I will talk about later in the disadvantages of outsourcing. Another advantage is that we can create good connection/partnerships or a business to business relationship which both parties shares risk in the production process since both parties will share responsibilities. This will also strengthen the core of the organization’s business process. For examples Samsung outsource their product in China, Vietnam, and India to reduce cost and make the product cycle must faster.

So far everything might sound perfect but there are also disadvantages of outsourcing such as the risk of exposing confidential data. Outsourcing can involve exposing information to the third-party which means that they might copy our product secretly and do it for other companies which is why we need to makes sure that we pick the most trusted company to help us create our product. Another disadvantage is delivery. If we do not choose the right partner for outsourcing, there might be some problem with delivery which can affect our business from moving on to the next step of our cycle. Some companies may not cater our need since they also have to produce other products to other organizations at a time which means that there’s a chance that they may lack complete focus in our organization.

2.) Why free labour movement is good for society

Free labour movement is good for our society because it can help deal with labour shortages. For example, Canada has a lot of immigrants which helps companies with their labour. It can then diminish the rise in unemployment if the workers are only here temporarily and go back to their country once the boom is over. There are a lot of international workers in Canada who are here temporarily which benefits some companies. This can also prevent wage inflation since if we are short in labour. The wages demand might increase if we are short in labour but labour movement can help us lessen that demand. This will also fill undesirable jobs since develop countries will have a hard time to fill in unsavoury jobs but some immigrants might be willing to fill in on some of these jobs. This will also give opportunities for workers to work elsewhere and experience the life in other country. It will also help deal with demographic challenges and help reduce regional inequalities. On top of these reasons, free labour movement will create additional demand which means that it will be more flexible to fill in certain profession such as doing nursing or teaching in other country.

Work Cited

Staff, Investopedia. "Outsourcing." Investopedia. N.p., 01 Dec. 2014. Web. 25 Mar. 2017..

"The Advantages and Disadvantages of Outsourcing - FWS." Flatworld Solutions. N.p., n.d. Web. 25 Mar. 2017.

Pettinger, Tejvan. "Free Movement of Labour – Advantages." Economics Help. N.p., n.d. Web. 25 Mar. 2017.

"Samsung Sees Advantages in Outsourcing Smartphone Production. 10 Million Galaxy Trend Duos Units Already Made." Unwired View. N.p., 12 Nov. 2013. Web. 25 Mar. 2017.

]]> 2017-03-25 04:43:15 UTC https://padlet.com/rania_nafea/ia5irkbvrxv1/wish/162541649 Ruice Chen 108409152 https://padlet.com/rania_nafea/ia5irkbvrxv1/wish/162574275 before we talk about advantage and disadvantage of outsourcing,we need to know what is outsourcing.
outsourcing
Outsourcing is an allocation of specific business processes to a specialist external service provider. Most of the times an organization can not handle all all of the business process internally.
advantage
1. Swiftness and Expertise: Most of the times tasks are outsourced to vendors who specialize in their field. The outsourced vendors also have specific equipment and technical expertise, most of the times better than the ones at the outsourcing organization. Effectively the tasks can be Completed faster and with better quality output
2.Concentrating on core process rather than the supporting ones: Outsourcing the supporting processes gives the organization more time to enhanced their core business process
3.Risk-sharing: one of the most determined factors determining the outcome of a campaign is risk-analysis. Outsourcing certain components of your business process helps the organization to shift a preferable responsibility to the outsourced vendors.
4.Reduced Operational and Recruitment costs: Outsourcing eludes the need to hire individuals in-house; hence recruitment and operational costs can be minimized to a great extent. This is one of the primepoints
5 .Focus On Core Activities:In rapid growth periods, the back-office operations of a company will expand also.
This expansion may start to consume resources (human and financial) at the expense of the core activities that have made your company successful. Outsourcing those activities will allow refocusing on those business activities that are important without sacrificing quality or service in the back-office.
6. Operational Control:Operations whose costs are running out of control must be considered for outsourcing. Departments that may have evolved over time into uncontrolled and poorly managed areas are prime motivators for outsourcing. In addition, an outsourcing company can bring better management skills to your company than what would otherwise be available.

dIsadvantage
1. risk of exposing confidential data: when an organization outsources HR, Payroll and Recruitment services, it involves a risk if exposing confidential company information to a third-party
2.Synchronizing the deliverables: In case you do not choose a right partner for outsourcing, some of the common problem areas include stretched delivery time frames, sub-standard quality output and inappropriate categorization of responsibility. At times it is easier to regulate these factors Inside an organization compared with an outsourced partner
3.Hidden costs: no more than the times is cost-effective at times the hidden costs involved in signing a contract while signing a contract across international boundaries may pose a serious threat
4.Lack of customer focus: An outsourced vendor may be catering to the expertise-needs of multiple groups at a time.
5.Can not control the risk：If important functions are being outsourced, an organization is mightily dependent on the outsourcing provider. Risks such as bankruptcy and financial loss cannot be controlled.

Work cited
"The Advantages and Disadvantages of Outsourcing - FWS." Flatworld Solutions. N.p., n.d. Web. 26 Mar. 2017.
Bucki, James. "7 Ways Outsourcing Can Improve Your Business." The Balance. N.p., n.d. Web. 26 Mar. 2017.
"Advantages and Disadvantages of Outsourcing." Outsource to India. N.p., n.d. Web. 26 Mar. 2017.

]]> 2017-03-25 17:23:00 UTC https://padlet.com/rania_nafea/ia5irkbvrxv1/wish/162574275 Raj Kapadia 116681156 https://padlet.com/rania_nafea/ia5irkbvrxv1/wish/162632652 1 Advantages and Disadvantages of Outsourcing
In order to know the advantages and disadvantages its necessary to know what outsourcing stands for?. The contracting or subcontracting of non core exercises to free up money, staff, time, and offices for activities in which an organization holds upper hand. Organizations having qualities in different zones may contract out information handling, legitimate, producing, advertising, finance bookkeeping, or different parts of their organizations to focus on what they specialize in and in this manner decrease normal unit cost. Outsourcing is frequently a basic piece of scaling down or re building. Likewise got contracting out.
Advantages
The professionals of outsourcing often positively reflected by undertakings crosswise over ventures include:

Bring down work cost and expanded acknowledgment of financial matters of scale
Better income acknowledgment and improved rates of return
Frees administration time, empowering organizations to concentrate on center capabilities while not being worried about outsourced routine exercises
Tapping into an information base for better advancement
Expands speed and the nature of conveyance of outsourced activities
Reduces money surge and enhances asset usage.

Disadvantages
Often weighed with the favorable circumstances before any choice on outsourcing is embraced, the accompanying speaks to a portion of the conceivable burdens frequently abides upon

Drowsy reaction times combined with moderate issue resolutions
Weaknesses in execution vis-vis desires
Lower than anticipated acknowledgment of advantages and results
Conceivable loss of control over an organization's business forms
Issues identified with quality and turnaround time
A perturbed client base combined with goaded worker unions
Issues relating to lingual accent variation

2 Free Movement of Labor is Good for Society ?

Free movements of labor means that workers are entitled to look for work in another country, without requiring any visa.

Free development of work is a major rule of the EU. It implies EU nationals are qualified for search for an occupation in another EU nation. Also, qualifications are universally accepted across Europe and in theory, there should be no discrimination for firms choosing between native and migrant workers
The free labor movement helps the society in many ways proves to be rewarded. Some pros of the Free movement of labor are as follows

Can help deal with labor shortages.
Can decrease the ascent in unemployment.
Can prevent wage inflation
Opportunities for workers to work elsewhere
Helps to reduce regional inequalities
More flexible labor markets

There are many other benefits with the free movements it helps the governments and the companies to make better employment polices and wage structure to support the new talent. In addition the country and the societal colonies also set a great example of equality and togetherness through the free movements of labor for different cultures and societies of the world.

Work Cited

1 "The Pros and Cons of Outsourcing." Flatworld Solutions. N.p., n.d. Web. 26 Mar. 2017.

2 Pettinger, Tejvan. "Free movement of labour – advantages." Economics Help. N.p., n.d. Web. 26 Mar. 2017.
3 "What is outsourcing? definition and meaning." Business Dictionary . com. N.p., n.d. Web. 26 Mar. 2017.

]]> 2017-03-26 16:11:27 UTC https://padlet.com/rania_nafea/ia5irkbvrxv1/wish/162632652 Outsourcing and Free Movement of Labor- Nirzari Shah https://padlet.com/rania_nafea/ia5irkbvrxv1/wish/162684694 To understand the pros and cons of outsourcing, first, we need to understand what it actually is first. Outsourcing is a type of business practice used by companies in which they transfer a portion of their work to outside suppliers, rather than completing it internally.
One advantage is the most obvious one: it will reduce production costs. For example, a computer company might be buying some of the components from a manufacturer, so they wouldn't have to pay as much. In addition, implementing an outsourcing strategy can have companies focus on core aspects of a business. Outsourcing non-core activities enable more efficiency, streamlining and productivity, because another source performs these smaller tasks. Also, it may lead to increased turnaround times, and have access to new technology without investing huge amounts of money.
However, it also has significant disadvantages. For one, signing contracts with other companies take time and money, and extra effort from a firm's legal team. There is also a risk to losing sensitive data and loss of confidentiality, and security threats might occur, which will lead to a data breach. Lack of communication might occur between the firm and outsource entity, which might lead to the delay of projects.

Free movement of labor means that workers are allowed to look for work in another country without a visa; it is generally a practice in the EU, which means it only applies to EU countries. Free movement of labor is good for the society, because not only will it give out increased job opportunities to workers, but it will also make labor markets more flexible, which means they can be easily modified to fit certain conditions or circumstances.

Staff, Investopedia. "Outsourcing." Investopedia. N.p., 01 Dec. 2014. Web. 26 Mar. 2017

Pettinger, Tejvan. "Free movement of labour – advantages." Economics Help. N.p., n.d. Web. 26 Mar. 2017.]]> 2017-03-27 02:19:42 UTC https://padlet.com/rania_nafea/ia5irkbvrxv1/wish/162684694 Xu Han 118618156 https://padlet.com/rania_nafea/ia5irkbvrxv1/wish/162687276 1. The purpose of outsourcing is to help company to save costs. Outsourcing is a practice in which an individual or company performs tasks, provides services or manufactures products for another company -- functions that could have been or is usually done in-house.
Advantages:
-The outsourced vendors also have specific equipment and technical expertise. Effectively the tasks can be completed faster and with better quality output.
-Outsourcing the supporting processes gives the organization more time to strengthen their core business process.
Disadvantages:
-Risk of exposing confidential data. When an organization outsources HR, Payroll and Recruitment services, it involves a risk if exposing confidential company information to a third-party
-Lack of customer focus: An outsourced vendor may be catering to the expertise-needs of multiple organizations at a time. In such situations vendors may lack complete focus on your organization's tasks.
2. Free movement of labor is good for society because it can help deal with labor shortages. Countries may experience labor shortages, Immigrants can fill these vacancies. Also, it can creates a more flexible labor markets. In an economy there may appear shortages in certain professions such as teaching and nursing. If there is free movement of labor, qualified workers will be attracted to fill these vacancies making the economy more flexible and overcome shortages quicker. For example, many teacher went to other country to continue their education career. They enjoy it and they helped the country.]]> 2017-03-27 02:57:27 UTC https://padlet.com/rania_nafea/ia5irkbvrxv1/wish/162687276 Jinning Jiang https://padlet.com/rania_nafea/ia5irkbvrxv1/wish/162688373 1.Outsourcing is a practice used by different companies to reduce costs by transferring portions of work to outside suppliers rather than completing it internally.
Advantages:
-Reduced Operational and Recruitment costs: Outsourcing eludes the need to hire individuals in-house. Hence recruitment and operational costs can be minimized to a great extent. This is one of the prime advantages of offshore outsourcing.
-Outsourcing certain components of your business process helps the organization to shift certain responsibilities to the outsourced vendor. Since the outsourced vendor is a specialist, they plan your risk-mitigating factors better.
Disadvantages:
-Outsourcing, though cost-effective, might have hidden costs, such as the legal costs incurred while signing a contract between companies. It might also have to spend a lot of time and effort in getting the contract signed.
-There can be several disadvantages, such as, renewing contracts, misunderstanding of the contract, lack of communication, poor quality and delayed services amongst others.
2. Definition of free movement of labor – It means that workers are entitled to look for work in another country, without requiring any visa.
In developed countries, there are often jobs which are difficult to fill because they are deemed unsavoury. This may involve cleaning, bar work or dangerous jobs. Immigrants may be willing to fill these jobs because of the wage premium from working in that country. Moreover, if there is free movement of labor, then workers from oversees can take temporary jobs when an economy is booming and then return home, when the boom is over.]]> 2017-03-27 03:11:45 UTC https://padlet.com/rania_nafea/ia5irkbvrxv1/wish/162688373 Ishrat Jahan https://padlet.com/rania_nafea/ia5irkbvrxv1/wish/162923801 Outsourcing is an allocation of specific business processes to a specialist external service provider. It is very important to weigh the advantages and disadvantages, which can help a company, decide if outsourcing is right.

Advantages of Outsourcing

· Outsource your non-core activities and spend more time concentrating on your core business processes.

· Off shoring gives you access to professional, expert and high-quality services.

· Organization can experience increased efficiency and productivity in non-core business processes.

· Streamline your business operations.

· Offshore outsourcing can help you save on time, effort, manpower, operating costs and training costs, giving you overall cost advantage.

· Outsourcing can make organization more flexible to change.

· Save on investing in the latest technology, software and infrastructure and let your outsourcing partner handle the entire infrastructure.

· By outsourcing, company can save on team management problems as your offshore partner will be managing the team who does your work.

· Give business a competitive advantage - increase productivity in all the areas of your business.

Disadvantages of Outsourcing

· While outsourcing services such as payroll processing services and tax preparation services, outsourcing provider will be able to see company’s confidential information and hence there is a threat to security and confidentiality in outsourcing.

· Off shoring can create potential redundancies for your organization and your employees might express lack of interest or lack of quality at work.

· Outsourcing, though cost-effective, might have hidden costs, such as the legal costs incurred while signing a contract between companies. Also have to spend a lot of time and effort in getting the contract signed.

· With outsourcing, organization might suffer from a lack of customer focus.

· There can be several disadvantages, such as, renewing contracts, misunderstanding of the contract, lack of communication, poor quality and delayed services amongst others.

The free movement of labor

Definition of free movement of labor, it means that workers are entitled to look for work in another country, without requiring any visa. Free movement of labor is good for society because it can help deal with labor shortages. Countries may experience labor shortages, Immigrants can fill these vacancies. free movement of labor is generally a practice in the EU, which means it only applies to EU countries. Freedom of movement began as a way to encourage people to travel to fill jobs after the Second World War. The idea was that a mobile workforce would help boost the economies of the EU's six founding members, and perhaps discourage future conflict on the continent. Free-movement deals allow workers to migrate from countries where jobs are scarce to others where jobs are many, and where labor is in short supply. In recent years, workers from southern European countries, which have been hit hardest by the Euro zone crisis, have been heading north to find employment.

]]> 2017-03-27 18:33:38 UTC https://padlet.com/rania_nafea/ia5irkbvrxv1/wish/162923801 Nikhil Khosla- 019605153 https://padlet.com/rania_nafea/ia5irkbvrxv1/wish/162928827 Advantages of Outsourcing-
1) One of the most crucial factors determining the outcome of a campaign is risk-analysis.Outsourcing certain components of your business process helps the organization to shift certain responsibilities to the outsourced vendor.
2) It also reduce operational and recruitment costs.Outsourcing eludes the need to hire individuals in-house; hence recruitment and operational costs can be minimized to a great extent. This is one of the prime advantages of offshore outsourcing.
3) Most of the times tasks are outsourced to vendors who specialize in their field. The outsourced vendors also have specific equipment and technical expertise, most of the times better than the ones at the outsourcing organization.
Disadvantages of outsourcing-
1) When an organization outsources HR, Payroll and Recruitment services, it involves a risk if exposing confidential company information to a third-party.
2) An outsourced vendor may be catering to the expertise needs of multiple organizations at a time. In such situations vendors may lack complete focus on your organization’s tasks.
3) Although outsourcing most of the times is cost-effective at times the hidden costs involved in signing a contract while signing a contract across international boundaries may pose a serious threat.

The Free movement of Labour-
Free movement of labor means workers are entitled to look for work in another country. Free movement of labor is a fundamental principle of the EU. It means EU citizens are entitled to look for a job in another EU country. Free movement of labor gives increased opportunities to workers and makes labor markets more flexible. It can diminish the rise in unemployment. If there is free movement of labor, then workers from overseas can take temporary jobs when an economy is booming and then return home, when the boom is over. This is particularly beneficial for cyclical job markets, such as construction. It also makes labor markets more flexible. In an economy there may appear shortages in certain professions such as teaching and nursing. These vacancies can take a long time to fill because of the time taken to undertake training. If there is free movement of labor, qualified workers will be attracted to fill these vacancies making the economy more flexible and overcome shortages quicker.]]> 2017-03-27 18:48:03 UTC https://padlet.com/rania_nafea/ia5irkbvrxv1/wish/162928827 Pengfei Wang https://padlet.com/rania_nafea/ia5irkbvrxv1/wish/162946318 Outsourcing is an allocation of specific business processes to a specialist external service provider. Most of the times an organization cannot handle all aspects of a business process internally. Additionally, some processes are temporary and the organization does not intend to hire in-house professionals to perform the tasks.

1.The advantages of Outsourcing

Most of the times tasks are outsourced to vendors who specialize in their field. The outsourced vendors also have specific equipment and technical expertise, most of the times better than the ones at the outsourcing organization. Effectively the tasks can be completed faster and with better quality output
Concentrating on core process rather than the supporting ones: Outsourcing the supporting processes gives the organization more time to strengthen their core business process
one of the most crucial factors determining the outcome of a campaign is risk-analysis. Outsourcing certain components of your business process help the organization to shift certain responsibilities to the outsourced vendor. Since the outsourced vendor is a specialist, they plan your risk-mitigating factors better
Reduced Operational and Recruitment costs: Outsourcing eludes the need to hire individuals in-house; hence recruitment and operational costs can be minimized to a great extent. This is one of the prime advantages of offshore outsourcing

2.The disadvantages of Outsourcing

Risk of exposing confidential data: When an organization outsources HR, Payroll, and Recruitment services, it involves a risk if exposing confidential company information to a third-party
Synchronizing the deliverables: In case you do not choose a right partner for outsourcing, some of the common problem areas include stretched delivery time frames, sub-standard quality output and inappropriate categorization of responsibilities. At times it is easier to regulate these factors inside an organization rather than with an outsourced partner
Hidden costs: Although outsourcing most of the times is cost-effective at times the hidden costs involved in signing a contract while signing a contract across international boundaries may pose a serious threat
Lack of customer focus: An outsourced vendor may be catering to the expertise needs of multiple organizations at a time. In such situations, vendors may lack complete focus on your organization’s tasks

The free movement of labor is good for society

Definition of free movement of labor – It means that workers are entitled to look for work in another country, without requiring any visa.Cross-border migration of people from one country to another has become an increasingly important feature of our globalizing world and it raises many important economic, social and political
More than 200 million people live in countries in which they were not born.Estimates compiled in 2009 suggested 580,000 to 820,000

References
https://www.weforum.org/agenda/2016/09/free-movement-of-people-explainer/
http://www.economicshelp.org/blog/1386/economics/free-movement-of-labour/

]]> 2017-03-27 19:54:43 UTC https://padlet.com/rania_nafea/ia5irkbvrxv1/wish/162946318 Svitlana Kotliar https://padlet.com/rania_nafea/ia5irkbvrxv1/wish/162948236 Outsourcing is the process of assigning a company's business processes to an external agency in context of enhancing service quality, driving innovation or deriving benefits of lower labor costs.

Outsourcing is often undertaken to provide enterprises a competitive advantage by delegating business process to external agencies and realizing the benefits of low labor, better quality and improved innovation.

To best analyze the opportunities presented it is essential to reflect upon the advantages vs the disadvantages of outsourcing.

The advantages of outsourcing
The pros of outsourcing often positively reflected by enterprises across industries include:

· Better revenue realization and enhanced returns on investment

· Lower labor cost and increased realization of economics of scale

· Tapping in to a knowledge base for better innovation

· Increases speed and the quality of delivery of outsourced activities

· Reduces cash outflow and optimizes resource utilization

The disadvantages of outsourcing
Often weighed with the advantages before any decision on outsourcing is undertaken, the following represents some of the possible disadvantages often dwelled upon:

· Possible loss of control over a company's business processes

· Problems related to quality and turnaround time · Sluggish response times coupled with slow issue resolutions

· Lower than expected realization of benefits and results

· Issues pertaining to lingual accent variation

· An irate customer base coupled with enraged employee unions

Free movement of labor is good for society for several reasons:

- It can prevent shortage of labor: There are some skilled or unskilled kind of jobs that domestic workers would not like to do, the immigrants that are in that country will fill in the gap and ensure that there is no fall labor productivity as countries may sometimes witness shortage in labor.

- It can prevent Wage Inflation. There can be pressures on wages if there is no adequate man power to work which inevitably leads to inflation as a result in rise in wages and as well attract immigrant’s movement to curtail wage inflation.

-It can diminish the rise in unemployment. Where there is free labor movement, people can travel from abroad to a country where they can get temporary jobs in a stable economy
For example, the movement of the eastern Europeans in the UK and Ireland before the economic financial crunch but since the recession most of them are now going back as a result of shortage of jobs thus reducing the unemployment rate in UK and Ireland respectively.

Sources:
1."The Pros and Cons of Outsourcing." Flatworld Solutions. N.p., n.d. Web. 27 Mar. 2017.
2. "Advantages And Disadvantages Of Movement Of Labour Economics Essay." UKEssays. N.p., n.d. Web. 27 Mar. 2017.

]]> 2017-03-27 20:04:17 UTC https://padlet.com/rania_nafea/ia5irkbvrxv1/wish/162948236 Yuhang Zhang https://padlet.com/rania_nafea/ia5irkbvrxv1/wish/162948490 Advantages
1.Outsourcing non-core activities such as administration and back office operations helps to put the focus back on the core functions of the business.
2.One of the biggest advantages of outsourcing is cost savings. The lower cost of operation and labor, and reduction in overhead costs makes it attractive to outsource.
3.When certain functions of an organization become operationally uncontrollable, outsourcing helps to overcome such difficulties.
4.By increasing productivity and efficiency, a business can be more successful, better-prepared for market challenges and have a streamlined cash flow.
5.Outsourcing frees an organization from investments in technology, infrastructure and people that make up the bulk of a back-end process' capital expenditure.
Disadvantages
1.One of the biggest disadvantages of outsourcing is the risk of losing sensitive data and the loss of confidentiality. It is important, therefore, to have checks in place to avoid data loss.
2.Losing management control of business functions mean that you may no longer be able to control operations and deliverables of activities that you outsource.
3.Problems with quality can arise if the outsourcing provider doesn't have proper processes and/ or is inexperienced in working in an outsourcing relationship.
4.Since the outsourcing provider may work with other customers, they might not give 100% time and attention to a single company. This may result in delays and inaccuracies in the work output.
5.Not understanding the culture of the outsourcing provider and the location where you outsource to may lead to poor communication and lower productivity.
https://www.outsource2india.com/why_outsource/articles/advantages-disadvantages-outsourcing.asp

]]> 2017-03-27 20:05:35 UTC https://padlet.com/rania_nafea/ia5irkbvrxv1/wish/162948490 Yuhang Zhang(Sylvia) 010440154 https://padlet.com/rania_nafea/ia5irkbvrxv1/wish/162953369 Advantages of Outsourcing
Firstly, outsourcing activities such as administration and back office operations helps to put the focus back on the core functions of the business. Secondly,one of the biggest advantages of outsourcing is cost savings. The lower cost of operation and labor, and reduction in overhead costs makes it attractive to outsource. Also,when certain functions of an organization become operationally uncontrollable,outsourcing helps to overcome such difficulties.

Disadvantages of Outsourcing
Firstly, one of the biggest disadvantages of outsourcing is the risk of losing sensitive data and the loss of confidentiality. It is important, therefore,to have checks in place to avoid data loss.Secondly,losing management control of business functions mean that you may no longer be able to control operations and deliverable of activities that you outsource.Lastly, problems with quality can arise if the outsourcing provider doesn't have proper processes and is inexperienced in working in an outsourcing relationship.
https://www.outsource2india.com/why_outsource/articles/advantages-disadvantages-outsourcing.asp

Free movement of labor

Free movement of labor means that workers are entitled to look for work in another country, without requiring any visa. There are many advantages of labor free movement for society. Firstly, it can help deal with labor shortages. Countries may experience labour shortages, especially in certain skilled positions or undesirable jobs many domestic workers don’t want to do. Immigrants can fill these vacancies. Secondly, it can diminish the rise in unemployment. If there is free movement of labor, then workers from oversees can take temporary jobs when an economy is booming and then return home, when the boom is over. Also, it can prevent wage inflation. Free movement of labor means rising wages will attract more labor into a country and this will prevent excess wage inflation.

http://www.economicshelp.org/blog/1386/economics/free-movement-of-labour/

]]> 2017-03-27 20:31:23 UTC https://padlet.com/rania_nafea/ia5irkbvrxv1/wish/162953369 Byungwook Jeon (BK) 011 654 159 https://padlet.com/rania_nafea/ia5irkbvrxv1/wish/162954671 1. Outsourcing became a big part of economy nowadays. Outsourcing is a practice that different companies use in order to reduce costs by transferring portions of this work to outside suppliers rather ten completing it internally .Outsourcing is very helpful and important nowadays , however it has its own advantages and disadvantages.

Some of advantages of outsourcing are:

1. Cost savings: outsourcing eliminates the need to hire employees internally , consequently recruitment and operational costs can be reduced.

2. Focus on Core Business: Helps company to become more knowledgeable about their functions and focus on their business functions

3. Increases productivity and efficiency of the company

4. Improve quality and efficiency of the company by achieving more specialized vendors

5. Better people management : time and effort spend on managing the stuff now can be put into managing the customers.

Disadvantages to outsourcing

1. Potential risk to the company :when an organization outsources Human resources, payroll or any other important information , it involves a risk of exposing it to the third-party

2. Hidden costs : all the costs that implied in signing the contact may cause a serious threat at the cross border

3. Lack of customer focus: Outsourcing vendors may provide services for many companies and as a consequence will not be able to focus on the one company

2. Free movement of labour is a fundamental principles in EU. It allows all citizens of EU countries travel, live or look for job within EU without requiring any visa. Free movement of labour is considered good for society because it :

1. Diminish the rise of unemployment: workers from other countries within EU can take temporary jobs when an economy is booming and then return home, when the boom is over.

2. Prevention of wage inflation: If an economy experiences labour shortages, it will put strong upward pressure on wages; higher wages can easily lead to inflationary pressures. Free movement of labour means rising wages will attract more labour into a country and this will prevent excess wage inflation.

3. More flexible labour market : Workers from different countries will have more opportunities to work abroad in more developed country

4. Helps to deal with demographic challenges: Free movement of labour can make young immigrants come to areas of declining working population and make a net contribution to public finances

5. Helps to reduce regional inequalities: Free movement of labour can enable workers in Eastern Europe learn how to save money and increase their living standards.

References

http://www.economicshelp.org/blog/1386/economics/free-movement-of-labour/

https://www.flatworldsolutions.com/articles/advantages-disadvantages-outsourcing.php

https://smartchurchmanagement.com/advantages-and-disadvanta

]]> 2017-03-27 20:38:04 UTC https://padlet.com/rania_nafea/ia5irkbvrxv1/wish/162954671 OUTSOURCING AND MOVEMENT OF LABOR - Vaishnavi https://padlet.com/rania_nafea/ia5irkbvrxv1/wish/162960166 OUTSOURCING -ADVANTAGES AND DISADVANTAGES Outsourcing is a fairly new concept for businesses all around the world. It means exactly what is says : going "out" from your organization to somewhere else to find the "source" of the skills and expertise that is not available within your own organization. It can be internal meaning the outsourced product is for the employees for instance payroll department. It can be external meaning the outsourced product is for the customers of the organization for example call centers (HowStuffWorks).
Advantages:
- Focus on Core Business : with outsourcing businesses can focus on there core business practice and direct all there skills and expertise towards those important business practice while outsourcing handles there other tasks.
- Cost Saving : It is one of the main advantage of outsourcing as with outsourcing the cost of operations, office space, recruitment and other essential costs is minimized or eluded to a great extent.
- Better Quality : Majority of the times when a part of business is outsourced to vendors those vendors are experts in proving that service as they are properly equipped, have trained staff particularly for that task which directly results in improved quality of product or work.
- Risk Sharing : When a business outsource a part of its business to a vendor it shifts its responsibilities to the vendor and as these vendors are committed to some level of service and quality, risks involved in business is mitigated more efficiently (smartchurch).
Disadvantages:
- Risking Confidential Data : Many times when a business outsource departments like payrolls, HR, IT or even call centers they are exposing various confidential data about the company and the clients.
- Organizational Knowledge : In certain cases the outsourced vendors do not have enough knowledge about the business and services they offer which might compromise the quality of outsourced products or services. This is evident in many cases of outsourced call centers.
- Deliverable : It is very important to choose the right partner for your outsourcing product or service otherwise it is not uncommon for vendors not being able to deliver the work on time and failing to sync their performance with your requirements.
- Legal Compliance, Security or Labor Issues : A business must make sure that the vendor company is in sync with all the legal procedures within their own organization and follows the legal procedure with your business too, all labor board concerns must be ruled out such as people working in poor conditions, underpaid etc (smartchurch).

MOVEMENT OF LABOR
Free movement of labor means that people are allowed to move from one country to another in search of work or better work opportunities without the requirement of visa. It has been proven very beneficial over the course of time. One of the most crucial impact of free labor movement is that it has the capacity to diminish unemployment and reduce poverty overtime which is not only beneficial for the society but also extremely important to boost economy of any country. With the help of labor movement many unwanted job opening can be filled and it also creates diversity in the labor market which can in turn help employers deal with problems such as demographic instability. When people are willing to move form one place to another they are willing to take up seasonal jobs and such employers are benefited when they hire such labor. In a nut shell free labor movement is very beneficial for individuals,societies, particular work environment and for economy.

WORK CITED PAGE:
1)"How Outsourcing Works." HowStuffWorks. N.p., 11 Feb. 2008. Web.
27 Mar. 2017.
2) Patricia, Ortiz2 Says, Michelle Says, Stephen Nyarko. (ghana) Says, Patricia Says, Isaac Dendwa Says, Naomi Says, Ron Schutt Sr. Says, Alisa Addison Says, Patricia Lotich Says, Zaraa Says, Tri Seo Loi Says, Beaconit Says, Rkr Says, Gabriel Sodje Says, Erik Moser Says, and Yiwen Says. "Advantages and Disadvantages of Outsourcing." Smart Church Management. N.p., 31 Jan. 2017. Web. 27 Mar. 2017.
3)Pettinger, Tejvan. "Free Movement of Labour – Advantages." Economics Help. N.p., n.d. Web. 27 Mar. 2017.]]> 2017-03-27 21:10:09 UTC https://padlet.com/rania_nafea/ia5irkbvrxv1/wish/162960166 Shuhan Guo https://padlet.com/rania_nafea/ia5irkbvrxv1/wish/162977836 Outsourcing is an distribution of specific business processes to a specialist external service provider.
The advantage of outsourcing:
1.Faster and vocational :Outsourcing is the most of the times tasks are outsourced to vendors who specialize in their field .
2.Lower cost:Outsourcing do not need to hire individuals in-house,so recruitment and operational costs can be minimized to a great range.
3.Risk-sharing: Risk-analysis is important in Business. Outsourcing can help you to shift certain responsibilities to the outsourced vendor if needed. Since the outsourced vendor is a specialist, they will make your risk-mitigating factors better.
The disadvantage of outsourcing:
1.Risk of exposing confidential data: Because when we outsourcing to the vendors,we need give them some of confidential data if needed ,so that the confidential data may be exposed.
2.Hidden costs: There may be some cost when we signing a contract.
3.Lack of customer focus: An outsourced vendor may be need to meet the expertise-needs of multiple organizations at one time. So that situations vendors may not completely focus on your organization’s tasks.

Free Movement Of Labor
Free movement of labour is means that workers can look for work in another country, without requiring any visa.
why the free movement of labor is good for society?
1.Can help deal with labour shortages. Countries may meet labour shortages, especially in certain skilled positions or undesirable jobs many domestic workers don’t want to do.
2.Can reduce the rise in unemployment. If there is free movement of labour, then workers can take temporary works when an economy is booming and then return home, when the boom is over.
3.Can prevent wage inflation. Free movement of labour means rising wages will attract more labour into a country and this will prevent excess wage inflation.
4. Help deal with demographic challenges. Many countries in Western Europe are with a rapidly ageing population . So free movement of labor will reduce the pressure of these countries.

Referance

1.https://www.flatworldsolutions.com/articles/advantages-disadvantages-outsourcing.php
2.http://www.economicshelp.org/blog/1386/economics/free-movement-of-labour/

]]> 2017-03-27 23:44:47 UTC https://padlet.com/rania_nafea/ia5irkbvrxv1/wish/162977836 Anna Taranova https://padlet.com/rania_nafea/ia5irkbvrxv1/wish/162986566 Advantages of outsourcing

Companies that decide to outsource do so for a number of reasons, all of which are based on realizing gains in business profitability and efficiency. Principal merits of outsourcing include the following:

1. Cost savings. Many businesses embrace outsourcing as a way to realize cost savings or better cost control over the outsourced function. Companies usually outsource to a vendor that specializes in a given function and performs that function more efficiently than the company could, simply by virtue of transaction volume.

2. Staffing levels. Another common reason for outsourcing is to achieve headcount reductions or minimize the fluctuations in staffing that may occur due to changes in demand for a product or service. Companies also outsource in order to reduce the workload on their employees (freeing them to take on additional moneymaking projects for the business), or to provide more development opportunities for their employees by freeing them from tedious tasks.

3. Focus. Some companies outsource in order to eliminate distractions and force themselves to concentrate on their core competencies. This can be a particularly attractive benefit for start-up firms. Outsourcing can free the entrepreneur from tedious and time-consuming tasks, such as payroll, so that he or she can concentrate on the marketing and sales activities that are most essential to the firm's long-term growth and prosperity. "What an outsourcing partner really sells is focus," wrote Adam Katz-Stone in Baltimore Business Journal. "In accounting for instance, that is something that typically is seen as necessary but not essential, not the core of the business. So you bring in an outsourcing partner and then you don't have to think about that any more. You can focus your energies on sales, marketing, all the other things that matter more."

4. Morale. This is an often-overlooked but still notable benefit that can sometimes be gained by initiating an outsourcing relationship. "Often a business's lack of internal expertise or dedication to non-core tasks results in poor attitudes and ultimately poor performance," wrote Kevin Grauman in CPA Journal. "This can lead to overlap and duplication of internal efforts. An effectively designed and ongoing communication process emanating from one or more outsourcers can greatly reduce or eliminate these duplications."

5. Flexibility. Still others outsource to achieve greater financial flexibility, since the sale of assets that formerly supported an outsourced function can improve a company's cash flow. A possible pitfall in this reasoning is that many vendors demand long-term contracts, which may reduce flexibility.

6. Knowledge. Some experts tout outsourcing of computer programming and other information technology functions as a way to gain access to new technology and outside expertise. This may be of particular benefit to small businesses, which may not be able to afford to hire computer experts or develop the in-house expertise to maintain high-level technology. When such tasks are outsourced, the small business gains access to new technology that can help it compete with larger companies.

The disadvantages of outsoursing

1. Risk of exposing confidential data: When an organization outsources HR, Payroll and Recruitment services, it involves a risk if exposing confidential company information to a third-party

2.Synchronizing the deliverables: In case you do not choose a right partner for outsourcing, some of the common problem areas include stretched delivery time frames, sub-standard quality output and inappropriate categorization of responsibilities. At times it is easier to regulate these factors inside an organization rather than with an outsourced partner

3.Hidden costs: Although outsourcing most of the times is cost-effective at times the hidden costs involved in signing a contract while signing a contract across international boundaries may pose a serious threat

4.Lack of customer focus: An outsourced vendor may be catering to the expertise-needs of multiple organizations at a time. In such situations vendors may lack complete focus on your organization’s tasks

Advantages of free movement of labour

1. Can help deal with labour shortages. Countries may experience labour shortages, especially in certain skilled positions or undesirable jobs many domestic workers don’t want to do. Immigrants can fill these vacancies. The UK has relied on many immigrants to work in the NHS, filling skilled jobs, such as nurses and doctors. Across UK, migrants account for approx. 10% of doctors.

2. Can prevent wage inflation. If an economy experiences labour shortages, it will put strong upward pressure on wages; higher wages can easily lead to inflationary pressures. Free movement of labour means rising wages will attract more labour into a country and this will prevent excess wage inflation.

3. Labour migration creates additional demand. Many focus on the increase in labour supply, pushing down wages, but migration also leads to additional demand. UK economic growth has been boosted by rise in population (partly caused by net migration).

4. More flexible labour markets. In an economy there may appear shortages in certain professions such as teaching and nursing. These vacancies can take a long time to fill because of the time taken to undertake training. If there is free movement of labour, qualified workers will be attracted to fill these vacancies making the economy more flexible and overcome shortages quicker.

5. Fill undesirable jobs. In developed countries, there are often jobs which are difficult to fill because they are deemed unsavoury. This may involve cleaning, bar work or dangerous jobs. Immigrants may be willing to fill these jobs because of the wage premium from working in that country.

6. Opportunities for workers to work elsewhere. In addition to migration into the country. Free movement of labour enables people to work (and retire) elsewhere. Over 2 million British workers moved abroad during period of free movement of labour in the period of EU membership.

7. Help deal with demographic challenges. Many countries in Western Europe are experiencing a demographic time-bomb – with a rapidly ageing population. This places strain on public finances because people over 65 are net recipients of state spending (pensions + health care, less income tax contributions). Free movement of labour can see young immigrants come to areas of declining working population and make a net contribution to public finances.

8. Helps to reduce regional inequalities. Free movement of labour should help to regional disparities between the economic union. Free movement of labour has enabled workers in Eastern Europe to save money and increase their living standards. Some of this income will be saved and sent home to increase living standards in Eastern Europe. After joining the EU, countries like Portugal, Spain and Ireland did get closer to average EU GDP per capita levels.

]]> 2017-03-28 01:11:29 UTC https://padlet.com/rania_nafea/ia5irkbvrxv1/wish/162986566 OUTSOURCING (PRO AND CONS)- FREE MOVEMENT OF LABOR...BY: VIVIANA LOAIZA yvloaiza1 https://padlet.com/rania_nafea/ia5irkbvrxv1/wish/162987238 Outsourcing is finding a third party to perform a function for you in order to save money. For example a call center...
Pro-
EXPERTISE: Tasks are outsourced to those who specialize in their field; meaning they can be a lot more expertise, and better than the ones at the organization, this leads to the job to be completed effectively and faster.
SAVE MONEY- Hence recruitment and operational costs can be minimized to a great amount.

Cons.-
LANGUAGE: not everyone is going to be able to speak the language that the company might need.
RISK OF LOSING CONFIDENTIAL INFO: Lets say a company outsources Human Resources or payroll and recruitment services, there is a chance of having secret data be delivered to a third party.

*FREE MOVEMENT OF LABOR*-
In my opinion this can bring economical issues because salaries will be pushed down as people with different purchasing power parities leave to countries paying the highest salaries , so the local labor will be unable to compete with this, also a disadvantage in market size, meaning population and GDP, because a rising in population leads to a decline in quality life style, a lot more traffic congestion which leads to social and economic issues/costs. But it is also a great opportunity for immigrants and expatriates to earn a profit and become more cultural. Also, the free labor of movement lets people expand their experience, they have a lot more exposure to versatility and skills. The job opportunities can increase, workers will learn more languages and this is an advantage for future references/jobs. I think is advantageous only for those in society that can have the opportunity to work in another country to earn a higher profit, but it is not in favor for those who live in "certain country" because this means it will become somehow a race.]]> 2017-03-28 01:16:10 UTC https://padlet.com/rania_nafea/ia5irkbvrxv1/wish/162987238 Miroslava Gonzalez https://padlet.com/rania_nafea/ia5irkbvrxv1/wish/162992846 Outsourcing is the option that companies have of providing services, manufacturing products or perform tasks outside of the company by using a third party or foreign supplier.

The advantages to this practice could be:

-Save money by reducing costs.

-Save time by delivering the tasks to other companies that specialize in that specific field.

-Increase of efficiency and productivity.

-Gain a competitive advantage.

The disadvantages could be:

-Confidential information of the company is put in risk at the time that a third party is welcomed into the company.

-The goods or services are in risk of not meeting the proper quality standards that the company requires.

-Delayed services could be provided by the third party.

Free movement of labour.

The free movement of labour is important for the society because it gives us the opportunity to gain knowledge by dealing with different types of customers from different cultures, it also provides us with the experience necessary to perform tasks with efficiency according to every country and its rules and regulations, job opportunities are also increased and this gives society the advantage of finding chances to work in the field they want in case that opportunities aren't provided in his country of origin

]]> 2017-03-28 01:58:59 UTC https://padlet.com/rania_nafea/ia5irkbvrxv1/wish/162992846 Juan Arango https://padlet.com/rania_nafea/ia5irkbvrxv1/wish/162993099 A ]]> 2017-03-28 02:01:18 UTC https://padlet.com/rania_nafea/ia5irkbvrxv1/wish/162993099 Kyle Wong - Padlet 3 https://padlet.com/rania_nafea/ia5irkbvrxv1/wish/162999249 Outsourcing is the method of redistributing/hiring a specialized third party company to conduct specific tasks that become too expensive or unatainable.

Advantages - Include, a thorough expertise in the tasks hired to do because they only do such tasks. The company outsourcing will be able to concentrate more of their time and money on the core proccess of such business instead of the "supporting operations". The main advantage is the Reduced operational costs, such comapny will save much money in the long run.

Disadvantages - Such company faces exposure of confedential data, because of unsecure third party operations. There could be extra hidden costs if such company doesnt have the proper legal team draw up contracts. There is also a risk of the third party company loosing focus and concern for your customers.

Free labour movement is good for a society because - it can help deal with a labour shortage in other areas therefore creatign access to more jobs and supply the shortage. It can also help with wage inflation because of the increase in employees. The last reason why it could help a society is, it could create a more flexible job market. ]]> 2017-03-28 03:07:12 UTC https://padlet.com/rania_nafea/ia5irkbvrxv1/wish/162999249 Juan arango https://padlet.com/rania_nafea/ia5irkbvrxv1/wish/163000263 Outsourcing is the process of obtaining either a goods or service from an outside or foreign supplier, in hopes of driving innovation or to lower labor costs. Outsourcing allows companies to focus on core problems, for example having a cell center outsourced is just one less problem for a cheaper cost. However customers aren't always entirely happy with dealing with someone in another country, issues such as language difficulties and slow response times can arise.

The free movement of labor can be extremely helpful, it can help fix labor shortages in some countries, for example the United Kingdom which relies heavily on immigrants. It can also help decrease unemployment, and other economic issues. It can also give workers a chance to work somewhere else in the world, a new opportunity, which can lead to the reduction of regional inequality.

]]> 2017-03-28 03:21:14 UTC https://padlet.com/rania_nafea/ia5irkbvrxv1/wish/163000263 Angelo Tortoriello https://padlet.com/rania_nafea/ia5irkbvrxv1/wish/163002624 Outsourcing is a practice that consists in delegating third parties (other companies) to perform certain tasks that the company needs rather than completing it internally.

When used properly, outsourcing can be very useful and can provide noticeable advantages for a company. Some of the advantages are:

-Get experts perform the task needed for the company.

-Cost effective by cutting the overall operational costs.

-Allows the company to focus on core aspects of the business.

-Improves efficiency for streamlining and productivity by saving time and money.

On the other hand, there are also disadvantages that can occur when a company chooses to outsource the internal tasks to other corporations:

-Risk of exposing confidential data, mostly when outsourcing HR, Payroll and Recruitment services.

-Problems in synchronizing delivery time and lack of responsibility when choosing the wrong partner.

-Hidden Costs.

-Lack of customer focus.

With the free movement of labour workers are entitled to work in any other country without the requirement of the Visa or Work Permit. It is the essential principle of the European Union. EU citizens are allowed to work in any of the 28 EU country. This principle results very helpful because can help dealing with labour shortage, can bring down the unemployment rate of a country, prevents wage inflation and offers the workers the opportunity to experience different situations in their work field with the results of enriching their knowledge and improve their expertise.

]]> 2017-03-28 03:48:39 UTC https://padlet.com/rania_nafea/ia5irkbvrxv1/wish/163002624 Soohyun Mun https://padlet.com/rania_nafea/ia5irkbvrxv1/wish/163002677 1. The company that determines outsourcing has many reasons, especially based on the efficiency and profitability of the business. According to research, there are some advantages and disadvantages of outsourcing.

First, the advantage of outsourcing is “cost saving”. Many companies adopt outsourcing as a way to realize cost savings or cost control through outsourcing capabilities.

Second, “Staff level”. Another common reason for outsourcing is to achieve reductions in manpower or minimize fluctuations in staffing that can result from changes in demand for a product or service
Third,” focus”. Some companies are outsourcing to address distractions and focus on core competencies. This can be a particularly compelling benefit for start-ups. Outsourcing can free you from tedious and time-consuming tasks like payroll, so you can focus on the most essential marketing and sales activities for company's long-term growth and prosperity. However, Potential disadvantages of outsourcing include deterioration in quality control, loss of company loyalty, long bidding processes and loss of strategic alliances.

2. 2. Free movement of labor is good for society. Because free movement of labor can help deal with labor shortages and can reduce unemployment growth rate. If there is free movement of labor, people can do provisional work when the economy is booming, and they can go home when the boom is over. Moreover, Wage expansion can prevent by free movement of labor. If the economy suffers from labor shortages, wage pressures will increase. So that, for these reasons free movement of labor has a positive impact on our society.

Reference
http://www.referenceforbusiness.com/small/Op-Qu/Outsourcing.html
http://www.economicshelp.org/blog/1386/economics/free-movement-of-labour/

]]> 2017-03-28 03:49:13 UTC https://padlet.com/rania_nafea/ia5irkbvrxv1/wish/163002677 https://padlet.com/rania_nafea/ia5irkbvrxv1/wish/163002953 2017-03-28 03:52:44 UTC https://padlet.com/rania_nafea/ia5irkbvrxv1/wish/163002953 Yihan Han https://padlet.com/rania_nafea/ia5irkbvrxv1/wish/163005724 1- Discuss some advantages and disadvantages to outsourcing

Advantages:

Swiftness and Expertise: Most of the times tasks are outsourced to vendors who specialize in their field. The outsourced vendors also have specific equipment and technical expertise, most of the times better than the ones at the outsourcing organization. Effectively the tasks can be completed faster and with better quality output

Concentrating on core process rather than the supporting ones: Outsourcing the supporting processes gives the organization more time to strengthen their core business process

Risk-sharing: one of the most crucial factors determining the outcome of a campaign is risk-analysis. Outsourcing certain components of your business process helps the organization to shift certain responsibilities to the outsourced vendor. Since the outsourced vendor is a specialist, they plan your risk-mitigating factors better

Reduced Operational and Recruitment costs: Outsourcing eludes the need to hire individuals in-house; hence recruitment and operational costs can be minimized to a great extent. This is one of the prime advantages of offshore outsourcing

Disadvantages:

Risk of exposing confidential data: When an organization outsources HR, Payroll and Recruitment services, it involves a risk if exposing confidential company information to a third-party

Synchronizing the deliverables: In case you do not choose a right partner for outsourcing, some of the common problem areas include stretched delivery time frames, sub-standard quality output and inappropriate categorization of responsibilities. At times it is easier to regulate these factors inside an organization rather than with an outsourced partner

Hidden costs: Although outsourcing most of the times is cost-effective at times the hidden costs involved in signing a contract while signing a contract across international boundaries may pose a serious threat

Lack of customer focus: An outsourced vendor may be catering to the expertise-needs of multiple organizations at a time. In such situations vendors may lack complete focus on your organization’s tasks

2- Explain why the free movement of labor is good for society?

Advantages of free movement of labour:

Can help deal with labour shortages. Countries may experience labour shortages; especially in certain skilled positions or undesirable jobs many domestic workers don’t want to do. Immigrants can fill these vacancies. The UK has relied on many immigrants to work in the NHS, filling skilled jobs, such as nurses and doctors. Across UK, migrants account for approx. 10% of doctors.
Can diminish the rise in unemployment. If there is free movement of labour, then workers from oversees can take temporary jobs when an economy is booming and then return home, when the boom is over. This is particularly beneficial for cyclical job markets, such as construction. For example, during the Irish property boom (2000-2007), construction workers migrated to Ireland. However, the property collapse and subsequent recession saw many immigrants from eastern Europe return to their native country.”The number of Personal Public Service (PPS) Numbers issued to non-Irish nationals went down by nearly 50% between 2008 and 2009, and over the past two years the number of employment permits issued has dropped by 66% Without this free movement of labour, the rise in unemployment would have been sharper in Ireland.
Can prevent wage inflation. If an economy experiences labour shortages, it will put strong upward pressure on wages; higher wages can easily lead to inflationary pressures. Free movement of labour means rising wages will attract more labour into a country and this will prevent excess wage inflation.
Labour migration creates additional demand. Many focus on the increase in labour supply, pushing down wages, but migration also leads to additional demand. UK economic growth has been boosted by rise in population (partly caused by net migration).
More flexible labour markets. In an economy there may appear shortages in certain professions such as teaching and nursing. These vacancies can take a long time to fill because of the time taken to undertake training. If there is free movement of labour, qualified workers will be attracted to fill these vacancies making the economy more flexible and overcome shortages quicker.
Fill undesirable jobs. In developed countries, there are often jobs which are difficult to fill because they are deemed unsavoury. This may involve cleaning, bar work or dangerous jobs. Immigrants may be willing to fill these jobs because of the wage premium from working in that country.
Opportunities for workers to work elsewhere. In addition to migration into the country. Free movement of labour enables people to work (and retire) elsewhere. Over 2 million British workers moved abroad during period of free movement of labour in the period of EU membership.
Help deal with demographic challenges. Many countries in Western Europe are experiencing a demographic time-bomb – with a rapidly ageing population. This places strain on public finances because people over 65 are net recipients of state spending (pensions + health care, less income tax contributions). Free movement of labour can see young immigrants come to areas of declining working population and make a net contribution to public finances.
Helps to reduce regional inequalities. Free movement of labour should help to regional disparities between the economic union. Free movement of labour has enabled workers in Eastern Europe to save money and increase their living standards. Some of this income will be saved and sent home to increase living standards in Eastern Europe. After joining the EU, countries like Portugal, Spain and Ireland did get closer to average EU GDP per capita levels.

Sources:

"The Advantages and Disadvantages of Outsourcing - FWS."Flatworld Solutions. N.p., n.d. Web. 28 Mar. 2017.

Pettinger, Tejvan. "Free movement of labour – advantages."Economics Help. N.p., n.d. Web. 28 Mar. 2017.

]]> 2017-03-28 04:22:32 UTC https://padlet.com/rania_nafea/ia5irkbvrxv1/wish/163005724 Charles Clement Jr. https://padlet.com/rania_nafea/ia5irkbvrxv1/wish/163013668 1. There is an immense amount of reasons for outsourcing. Matter of fact, there would be more advantages to outsourcing than keeping the work in the country for a business owner. Advantages are reduced costs to operate, and reduced costs for recruitment of employees. The dollar is higher in Canada compared to most countries and in some significantly higher, so it would be cheaper to run the business. Recruiting would also be cheaper due to the fact paying employees would at a lower rate would be sufficient for their cost of living when compared to Canada. Disadvantages include the risk of exposing confidential data to foreign countries, and having to deal with putting people in bad work conditions can lead to people from home country to boycott product or services.
2. Free movement of labor is good for society because it reduces unemployment rate in some countries that are developing compared to already developed countries. It can prevent wage inflation, due to the labor shortage which puts pressure on wages to go up. It creates flexible work markets and more opportunities for others and it creates opportunities for people to go work elsewhere.
1."The Pros and Cons of Outsourcing." Flatworld Solutions. N.p., n.d. Web. 27 Mar. 2017.
2http://www.economicshelp.org/blog/1386/economics/free-movement-of-labour/

]]> 2017-03-28 06:10:52 UTC https://padlet.com/rania_nafea/ia5irkbvrxv1/wish/163013668 Somair Shaikh - 056.796.063 https://padlet.com/rania_nafea/ia5irkbvrxv1/wish/163211666 The advantages of outsourcing are:

Cost Saving: outsourcing allows corporations to reduce the cost of salary and increase profits by outsourcing production or jobs which require limited specialization to foreign markets. Many large corporations from Apple to McDonalds produce and manufacture their goods in foreign markets out of their home country to increase their profits.

Rules and Regulations: today we find many strict rules and regulations implemented in North America which make it difficult for industries to operate. They are subjected to multiple checks and are often fined by governing bodies if they break any rules.

High Salary: Salaries in North America are paid in dollars hence it companies prefer moving their production and operations to countries with lower currency. This allows them to find the same labor often for half the price compared to North American employees.

Undesired Jobs: Today with the advances in technology, it is difficult for companies to find people who want to do odd jobs such a farming or nursing for the elder. Hence North American employers outsource and bring in foreign labors to fill jobs which their local populations are willing to work in.

The disadvantages of outsourcing are:

Unemployment: When companies move their production to foreign markets, the workers of the company lose their jobs. An example of this would be the American’s rust belt. All the states in mid-US were primarily know for manufacturing. This the introduction of NAFTA and other trade deal, we noticed companies move production to Mexico due to which central US states suffer from extremely high unemployment levels.

Transportation: transportation of finished goods across international borders is one of the biggest problems which face companies. The finished goods must abide by laws of the export and import country in order to pass through customs. Due to this, companies have to set the highest standards to ensure their products can be transported.

Local Customs: Many companies face hurdles when it setting up shop in foreign countries, they have to ensure they are not hurting the sentiments and respect the local customs and religious believes. An example would be McDonald's would not be able to set up pork based meat production in Muslim countries.

Free Labour :

Free Labor Moment is essential for today as it works hand in hand with globalization. Today companies set up shop freely across the globe to help them reduce cost and increase profits. Free Labor moment would allow the employees of these firms to move across countries easily and have access to jobs and opportunities. Additional with countries such as the United States and Canada, the labor force is more focused towards service level jobs. There are many jobs which the local citizens are no interested in performing hence it is essential for Canada and the United States to permit labor moment from foreign countries to work and fill these vacancies.

]]> 2017-03-28 17:33:33 UTC https://padlet.com/rania_nafea/ia5irkbvrxv1/wish/163211666 Riddhi Bhatt- 112858154 https://padlet.com/rania_nafea/ia5irkbvrxv1/wish/163243374 Some advantages of outsourcing are as follows :

Cost advantages:

The most evident and unmistakable advantage with the cost reserve funds that outsourcing achieves. You can complete your employment at a lower cost and at better quality too. Because of the distinction in wages between western nations and Asia, a similar sort of work that is done over yonder should be possible in India at a small amount of the cost. There is a cost investment funds of around 60% by outsourcing your work to India. Besides, the nature of the administrations gave is high subsequently guaranteeing that minimal effort does not mean low-quality.

Focuses on core areas:

Outsourcing your business procedures would free your energies and empower you to concentrate on building your image, put resources into innovative work and proceed onward to giving higher esteem included administrations.

Faster and better services:

Improve your administration offerings with great deliverable and decline the lead time it takes for your item to achieve the commercial center. In this manner you would be speedier in getting your thoughts changed over into items and better at conveying the esteem included recommendation.

Some disadvantages of outsourcing are:

Loss of Regular Monitoring:

The everyday administration of the work is certainly passed on to the outsourced accomplice. Notwithstanding the way that the business may hold some level of control over the work and can even interest for more standard reporting, they don't have a similar level of control they would have had on a worker sitting in a similar start.

Loss of Quality:

Quality features both as favorable position and a detriment in this talk. Outsourced accomplices, unless they have a stringent quality check set up, can rapidly invalidate the preferred standpoint that a business initially found in the entire idea of outsourcing. Since all outsourcing contracts are attracted up progress and there is very little space to influence the cost, outsourcing accomplices regularly depend on not exactly legitimate strategies to make a benefit, or as it happens at times, an additional benefit.

Loss of Focus:

Regardless of how devoted an outsourced group is, it once in a while happens that they can practice a similar level of commitment that an in-house group under the consistent and attentive gaze of the administration can. The reason is not at all like an in-house group, at any given minute, an outsourced group is chipping away at more than one assignments from various customers. Take the case of the outsourced contact focus administrations industry. This can frequently prompt to loss of center and regularly botches that can expect basic extents.

2. Explain why the free movement of labor is good for society.

Free movement of labor is good for society for numerous reasons. Firstly, it can help society deal with labor shortages. Society may encounter work deficiencies, particularly in certain gifted positions or undesirable employments numerous residential laborers would prefer not to do. Workers can fill these opportunities. For example, the UK has depended on numerous settlers to work in the NHS, filling skilled employments, for example, medical caretakers and specialists. Crosswise over UK, migrants represent approx. 10% of specialists. Secondly, it can prevent wage inflation in the society. If society experiences labor shortages, it will put strong upward pressure on wages; higher wages can easily lead to inflationary pressures. Free movement of labor means rising wages will attract more labor into a country and this will prevent excess wage inflation. Furthermore, free movement of labor will fill undesirable jobs. In society, there are often jobs which are difficult to fill because they are deemed unsavory. This may involve cleaning, bar work or dangerous jobs. Immigrants may be willing to fill these jobs because of the wage premium from working in that country. Lastly, there can be more flexible labor market. In a society there may appear shortages in certain professions such as teaching and nursing. These vacancies can take a long time to fill because of the time taken to undertake training. If there is free movement of labor , qualified workers will be attracted to fill these vacancies making the society more flexible and overcome shortages quicker.

]]> 2017-03-28 19:07:36 UTC https://padlet.com/rania_nafea/ia5irkbvrxv1/wish/163243374 Outsourcing and Free Labor Movement -By Rahul Bhandari rahulbhadari247 https://padlet.com/rania_nafea/ia5irkbvrxv1/wish/163512059 1.Outsourcing

Outsourcing is a practice that comprises in assigning outsiders or different organizations to play out specific errands that the organization needs instead of finishing it inside.

Some of the advantages and disadvantages are:

Advantages of outsourcing:

• Outsource your non-core activities and spend more time concentrating on your core business processes.

• Offshoring gives you access to professional, expert and high-quality services.

• Your organization can experience increased efficiency and productivity in non-core business processes.

• You can streamline your business operations.

• Offshore outsourcing can help you save on time, effort, manpower, operating costs and training costs, giving you overall cost advantage.

• Outsourcing can make your organization more flexible to change.

• Experience increased control of your business.

Disadvantages of outsourcing:

• While outsourcing services such as payroll processing services and tax preparation services, your outsourcing provider will be able to see your company’s confidential information and hence there is a threat to security and confidentiality in outsourcing.

• When you begin to outsource your business processes, you might find it difficult to manage the offshore provider when compared to managing processes within your organization.

• Offshoring can create potential redundancies for your organization and your employees might express lack of interest or lack of quality at work.

• Your outsourcing provider might not be providing services only for your organization. Since your provider might be catering to the needs of several companies, they will not be able to give your company 100% attention.

• Outsourcing, though cost-effective, might have hidden costs, such as the legal costs incurred while signing a contract between companies. You might also have to spend a lot of time and effort in getting the contract signed.

• With outsourcing, your organization might suffer from a lack of customer focus.

• There can be several disadvantages, such as, renewing contracts, misunderstanding of the contract, lack of communication, poor quality and delayed services amongst others.

2. Is free Labor Movement is good for society?

Meaning of free development of work, it implies that specialists are qualified for search for work in another nation, without requiring any visa. Free development of work is useful for society since it can help manage work deficiencies. Nations may encounter work deficiencies; Immigrants can fill these opening. free development of work is for the most part a practice in the EU, which implies it just applies to EU nations. Flexibility of development started as an approach to urge individuals to go to fill employments after the Second World War. The thought was that a portable workforce would help support the economies of the EU's six establishing individuals, and maybe demoralize future clash on the mainland. Free-development bargains permit specialists to relocate from nations where occupations are rare to others where employments are numerous, and where work is hard to find. As of late, laborers from southern European nations, which have been hit hardest by the Euro zone emergency, have been traveling north to discover business.

]]> 2017-03-29 18:06:46 UTC https://padlet.com/rania_nafea/ia5irkbvrxv1/wish/163512059 Changho Lee 105 863 153 https://padlet.com/rania_nafea/ia5irkbvrxv1/wish/163866411 Some advantages of outsourcing are expertise, concentration on core, risk sharing, and reduced operational costs. Outsourcing allows companies to divide tasks to those who are more expert than staying within the company. Company may have people who can provide enough intellectual, but outsourcing companies would be more specialized. Outsourcing also concentrates on core value than supporting many other. It allows for higher quality products and services. Risk sharing is also an example of outsourcing. It helps the company to divide certain responsibilities to outsourced companies. Lastly, outsourcing may help reduce operational costs by eluding the need of hiring individuals within the company.

Disadvantages of outsourcing are risk of exposing confidential data, hidden costs, and lack of customer focus. Outsourcing means the company may have to share private information, such as HR and payroll, to outsourced company, which may involve risk of exposing confidential information of the company. Outsourcing companies may be cost effective, but may hide some fees that may build up the bill. Lastly, outsourced companies specialize in what they are good for, and not focused on customer’s point of view. It may create tension between company and customers, which can risk the company’s future.

There are several reasons why free movement of labour is good. It could potentially prevent shortage of labour as the number of workers and jobs are divided worldwide. Countries that require more skilled workers may hire people from other countries, and countries with high unemployment can diverge people into other countries freely. It can also prevent wage inflation. When there are not enough people to work, it generally leads to wage inflation. Lastly, it can reduce the number of unemployment. Countries with high unemployment rate can allow their people to freely get a job elsewhere in other countries where they lack skilled workers.

https://www.flatworldsolutions.com/articles/advantages-disadvantages-outsourcing.php

https://www.ukessays.com/essays/economics/advantages-and-disadvantages-of-movement-of-labour-economics-essay.php

]]> 2017-03-31 02:37:40 UTC https://padlet.com/rania_nafea/ia5irkbvrxv1/wish/163866411