Recession is every where. The downfall in economy is not only at America & Europe, it has also its effect in Asia. In Pakistan since last year many of the national & multinational companies has suffer losses in their business & ultimately cut hundreds of jobs to recover the financial crunch. The situation in America & Europe is worst; thousands of people lose their jobs due to recession. However besides this let us look at the other side of the coin, some of the companies grow well & frequently hired new people in order to expand their business, now you folks might be curious to know about those companies. Let me tell you that they are mostly those companies who act as an outsourcing partners or contractors with most of the vendors & parent companies.

In outsourcing a parent company hired a third party with a highly skilled staff & a separate management portfolio to perform certain tasks. This is one of the costs cutting strategy where a parent company didn’t need to hire & trained their own staff; the third party can provides them the standard services with fair compensation. Many of the firms these days get most important tasks of their operations done from an outsource party to cut cost. In Pakistan the telecommunication sector gets all of their “off the site” support from a third party, similar is the case with the manufacturers of fast moving consumer goods for their sales & distribution. In the field of IT many of the ISPs get their work done from a third party when it came’s to cpanel reseller hosting or customer relations management. So in short outsourcing is the smart solution for all vendors to make their work done efficiently & effectively from a third party.