American Workers Perceive Offshore Outsourcing as Threat to Economy, Not Themselves.
NEW YORK--(BUSINESS WIRE)--June 14, 2004
While 66 percent of U.S. workers believe that offshore outsourcing of jobs is bad for the U.S. economy, an overwhelming 84 percent believe that it is not likely that their jobs would be moved to an offshore location, according to a national poll of 2,814 workers released today by Hudson.
Even the minority (15 percent) of workers who feel that their jobs could be exported are optimistic about their own job prospects. Nearly half of them believe that their next job will be better than their current one. Furthermore, nearly 60 percent of workers believe that their companies are more likely to outsource jobs to American companies and entrepreneurs in order to achieve cost savings and reduce payrolls rather than moving jobs overseas.
"We were surprised by the strength of the sentiment against offshore outsourcing despite the limited personal impact reported by the workforce," said Jeff Anderson, senior vice president of Hudson Global Resources. "In fact, half of the surveyed workers opposed the practice so strongly that they advocate government penalties on companies that outsource jobs to offshore locations."
The poll reveals a stark contrast in attitudes on outsourcing among manufacturing and service workers. While 33 percent of manufacturing workers believe that their jobs could be moved to another country, only 11 percent of service workers shared this view. Interestingly, 54 percent of manufacturing workers believe that their company is more likely to outsource jobs within the U.S. to save costs and reduce payroll, in comparison to 27 percent who said that if given a choice their company would move jobs overseas.
Hudson, one of the world's leading professional staffing, outsourcing and human capital solution providers, also publishes the Hudson Employment Index(SM), a monthly measure of the U.S. workforce's confidence in the employment market. Next month's Hudson Employment Index(SM) will be released on June 30, 2004.
Hudson delivers specialized professional staffing, outsourcing and human capital solutions worldwide. From single placements to total solutions, the firm assesses, recruits and develops talent to meet the specific business needs of each client. Global practice areas include Accounting & Finance; Engineering, Operations & Scientific; Healthcare; Human Resources; IT & Telecommunications; Legal; and Sales & Marketing.
Hudson is a division of Hudson Highland Group, Inc. (NASDAQ: HHGP) one of the world's leading professional staffing, retained executive search and human capital solution providers. More information is available at Hudson.com.
Special Note: Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995: Except for historical information contained herein, the statements made in this release constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Such forward-looking statements involve certain risks and uncertainties, including statements regarding the company's strategic direction, prospects and future results. Certain factors, including factors outside of our control, may cause actual results to differ materially from those contained in the forward- looking statements, including economic and other conditions in the markets in which we operate, risks associated with acquisitions, competition, seasonality and the other risks discussed in our Form 10-K and our other filings made with the Securities and Exchange Commission, which discussions are incorporated in this release by reference.
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|Date:||Jun 14, 2004|
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