A New Study: Payroll Outsourcing Market Is Thriving Worldwide
A study published on Global Payroll Outsourcing Market offers insights into the share & size of the following Payroll Outsourcing segments: payroll service, hosted payroll, and cloud payroll. The study also presents examples of various market developments and business strategies that industry players to address current challenges in economic slowdown and the demand-supply gap.
Pandemic accelerates need to consider outsourcing in asset management world
Northern Trust Global Head of Integrated Trading Solutions Gary Paulin shared how the current financial environment brought by the pandemic increases outsourcing activity in the asset management industry. Cutting cost is often the first reason asset owners choose to outsource front office services. Moreover, the current global situation has brought more reasons to consider outsourcing. Northern Trust’s recent white […]
Wipro will adopt new operating model in 2021
Wipro is looking to grow its business in non-US markets. Starting 2021 it will adopt a new operating model. There will be a restructuring in the business into four strategic market units (SMUs) and a simplification of its delivery model. The 4 SMUs identified are America 1, Americas 2, Europe, and Asia Pacific, Middle East, Africa (APMEA). There will also be two […]
The Philippines rises to 48th spot among 63 countries in talent ranking
The Philippines ranked 48th out of 63 economies in the World Talent Ranking 2020 of the International Institute for Management Development (IMD) in Switzerland. The report evaluated human capital in 63 economies in terms of development, attraction, and retention. The Philippines is 31st in terms of readiness and 33rd in terms of appeal. Looking at a regional level, the country ranked behind Indonesia (45th) but ahead of […]
Cybersecurity as a key task in digital transformation underscored in Vietnam Security Summit 2020
“Cybersecurity in the AI and big data era” is the theme of this year’s Vietnam Security Summit hosted by the Party Central Committee’s Economic Commission and the Ministry of Information and Communications. The Commission’s Vice Chairman Nguyen Duc Hien highlighted the critical role of cybersecurity to ensure a successful and sustainable digital transformation. He further remarked that the two are inseparable. […]
Singapore Space & Technology and SpaceBelt Bring Innovative Space Technology to Asia
Space technology for secured data storage services comes to Asia thanks to the collaboration between SpaceBelt Pte. Ltd., a subsidiary of Cloud Constellation Corporation and Singapore Space & Technology Ltd (SSTL). The SpaceBelt Data Security-as-a-Service (DSaaS) can offer both businesses and the government in the region an innovative cybersecurity platform. The space-based managed global cloud connectivity can help protect critical information and sensitive data bypassing traditional terrestrial communications.
The Growing Scene: Outsourcing In Asia
As technology and communication processes see the light of innovation, the infrastructure for business operations has been continuously evolving. One innovation shaping how businesses operate is outsourcing to Asia. Business outsourcing in Asia optimizes the use of an organization’s resources without sacrificing the quality of work, services, and products delivered. Tapping into the vast outsourcing […]
Innovation Summit World Tour 2020: Schneider Electric calls for East Asia to embrace digital solutions and technologies
Digital transformation leader Schneider Electric held its Innovation Summit World Tour 2020 for East Asia through a virtual event focusing on “Building a more resilient and sustainable future”. Southeast Asia is forecasted to be the 4th largest economy globally by 2030. Digitization is considered a key solution to accelerate and sustain the region’s rapid economic expansion while adapting to the […]
Philippine IT-BPM workforce to remain stable amid pandemic
IT-BPM in the Philippines will unlikely achieve the industry growth forecast of 3.5% to 7.5% in the next 3 years because of the impacts of the pandemic. Despite this, the labor requirements in the country’s IT-BPM industries and companies are seen to remain stable. The industry currently operates at 95% productive capacity through a mix of service delivery methods. These are some of […]
Malaysia’s Petronas approves additional USD2.4 billion government payout to battle COVID-19
Petroliam Nasional Berhad (Petronas), Malaysia state oil firm, approved another RM10 billion dividend to the government to support in the fight against COVID-19. Petronas originally pledged to pay RM24 billion to the government, its sole shareholder, this year. The committed dividends were already paid. The additional dividend will be remitted by end of November.
