It’s not news that companies are offshoring jobs to save money and India has become the biggest beneficiary; but research from CareerBuilder.com and the Wharton School of the University of Pennsylvania reveals a lot more detail about why and what jobs are at risk and where they are likely to go.

Based on a survey of more than 3,000 hiring managers/HR professionals and 6,700+ workers across the U.S., the research identifies the high-wage, high-skill jobs being offshored that were previously thought to be impervious to risk, and 69 percent of employers believe high-skill service positions are at equal or more risk of being offshored than low-skill jobs. Examples of jobs companies plan to offshore:

Research finds that China is poised to replace the United States as the most frequent international relocation assignment destination; meanwhile Singapore drops off the list and Germany emerges.

In a presentation at a Society for Human Resource Management (SHRM) regional conference, Sue Evens, director of Cartus Consulting Services, identified the top three global mobility policy and program trends—assignment volume and destinations; demand for flexibility and emerging policy approaches; and talent management—and underscored the shift toward China as the primary location for international assignments.

Driven by robust business growth and activity, China will outpace the United States in 2009 as the most frequented location, capturing 31 percent of international assignments, however the HR practitioners who responded to the Cartus survey indicated that China would present the biggest challenge for them. Among the chief concerns: infrastructure and security; living conditions; compensation and high costs; compliance; and cultural adaptation/language.

2004
1. United States.......34%
2. United Kingdom....28%
3. China...................19%
4. Singapore.............19%


2007
5. United States.......30%
6. China...................23%
7. United Kingdom......8%
8. Germany................5%


2009 Projected
9. China..................31%
10. United States.......25%
11. United Kingdom.....4%
12. India.....................4%

Source: Cartus, 2007

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Role of mentoring in effective risk management
An interview with Prof. Patrick O. Connelly

From Hindu.com
Mentoring is critical to the future and development of any resource. It is important that associates receive the best possible foundation in preparation for their chosen life direction. However, there is no substitute for the value of an experienced resource to guide the person inside the company, industry, market etc in which they are operating.

This transfer of corporate memory and experience, promotes better decisioning, reduction of risk, stimulation of contribution and creation and execution of earlier value for both the environment promoted by the mentor, and the associate being mentored. This applies at every possible level of human interaction, without exception, in my experience.