Eastern Europe could soon become a favorite location for offshore outsourcing, with activity in the region estimated to triple between 2005 and 2008.
That’s according to consulting firm McKinsey. McKinsey identifies three main advantages for companies locating BPO operations in Eastern Europe in the winter issue of McKinsey on IT:
- low wage levels, comparable to India’s, with slow wage inflation looking likely to keep the region economically competitive for at least 15 years.
- relatively low-risk location for investing, due to the reliable infrastructure already in place.
- region’s geographical and cultural proximity to Western Europe, making the process of setting up offices much easier and also fewer language barriers compared with other regions
Source: ZDNet