NAB to send more jobs to India
SOURCE: Australian IT
DATE: July 9th, 2008
Mohit Soapbox:
I wonder based on the comment in the aritcle that it is really short sighted for firms to move talent offshore ? Looking at the history of outsourcing within more mature geographies like the US - I wonder if the move of jobs offshore has put these firms at risk and created a shortage of IT work force or are there other factors in play ? The push to get right talent is a critical factor for success and growth all over the world and everyone seems to be grappling with getting the right talent but the question is how is this talent being built or nurtured and is it transferable cross border ?
ARTICLE
NATIONAL Australia Bank has announced another wave of IT roles to be offshored that could see over 400 jobs sent to India by the end of the year.
On Monday the bank commenced the second round of its IT outsourcing program, and over the next six to eight weeks would examine offshoring up to 148 jobs from its Technology Banking, Australia (TBA) and technology MLC divisions.
MLC is the bank’s wealth management division.
The review will encompass TBA’s three Melbourne-based teams overseeing business and retail payments, Siebel and accounts services, and MLC’s Sydney-based mainframe team.
The ITO wave one program was announced in March. About 264 technology jobs were earmarked for transfer to technology outsourcers Satyam and Infosys by October. To date, 100 positions have been sent to India.
In an email obtained by The Australian, NAB chief information officer Michelle Tredenick told technology staff late Monday that ITO wave two is a “logical extension” of the offshoring work started by the bank earlier in the year.
“One of the ways we are transforming is by drawing on the capabilities and scale of global software service providers,” Ms Tredenick wrote.
“As we’ve indicated over the last few months we intend to progress our offshoring activity, and earlier this year we expanded our use of offshoring partners (Satyam and Infosys).
“We are looking to draw on these experiences and progress investigations into further functions,” she said.
Craig Bright, the bank’s TBA general manager, informed staff the Automation and Performance Testing and GCS teams have already been outsourced as part of ITO wave one and were currently “in steady state”.
“Satyam have responsibility for delivering these capabilities to our customers,” Mr Bright wrote in a separate email.
Financial Services Union spokesman Rod Masson said he was disappointed to hear about the latest wave of offshoring at Australian banks.
“In the long term it will be demonstrated to be a short sighted decision when Australian organisations are completely reliant on overseas companies and workers to service their essential IT platforms, which is inevitably where we see this heading,” Mr Masson said.
Related Posts
You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.
Leave a Reply