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| Topic: |
Business
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| Number of pages / Number of words: |
4 / 847 |
Essay's paper body
(Forbes.com, 2003)
Consideration must also be made regarding the reversal of outsourcing. Outsourcing is a time consuming, costly endeavor. Should the relationship not last, the cost to bring the job functions back in-house could be crippling. These costs are not only monetary – this could also include loss of confidence in the organization by the employees and investors...
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For example, in 2001, JP Morgan Chase (Overby, 2005) outsourced the major portion of their IT functions to IBM, costing JP Morgan Chase $5 million. Employees of the IT department had to re-apply to their jobs with IBM, losing benefits and income. In 2004, JP Morgan Chase merged with Bank One and back sourced the IT department...
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