More scary news - Will your job move to India?

http://moneycentral.msn.com/content/invest/extra/P62115.asp

Software giant Oracle (ORCL, news, msgs) said it's moving 2,000 developer jobs from the United States to India, doubling the number of developers it has on payroll there. Then Hewlett-Packard (HPQ, news, msgs) announced plans to close a customer-service operation in Florida and send the operation's 1,200 jobs overseas, again to India.Money 2004.
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The next generation of vulnerable jobs
A study by Forrester Research predicts that U.S. companies will transfer 3.3 million service jobs overseas by 2015, compared with just 102,000 jobs shifted in 2000. Meanwhile, the payroll associated with those jobs will rise from $4 billion to more than $136 billion, according to Forrester projections.

The early job exports are predominantly in the areas of information technology (including software and product development), customer service, back-office accounting and sales. Other major U.S. corporations that have sent service jobs overseas, where wage rates can be as much as 50% lower, include:

Dell (DELL, news, msgs), which opened a customer-support center for its American market in India.

Delta Air Lines (DAL, news, msgs), which established reservations operations in India and the Philippines.

American International Group (AIG, news, msgs), which set up a processing operation in the Philippines to handle claims from its American General Life subsidiary.


5 safer sectors
The employment picture does have a bright side, though: plenty of good jobs in growing sectors are essentially unexportable.

Most are in services industries that figure to be among the fastest growing segments of the U.S. economy in coming decades. These industries run the gamut from fast-food server to physician, from security guard to bank president, and they can be found with employers both large and small.

Challenger identifies five sectors with an especially low risk of exportation:


Health care. “You can’t go overseas to see a doctor or nurse or get physical therapy,” Challenger points out. The aging of America’s population makes health care a good long-term career bet, he adds, singling out medical transcription and nursing as two particularly hot areas.

Other in-person services. These are the jobs, like those in health care, that require a face-to-face interaction between provider and client. They are spun off by almost every human activity and interest. Teaching and training “of all kinds” constitutes one potential growth area, Challenger says, because “education is being thought of as more of a life-long thing.”

Real estate. Just as land is not exportable, neither are many of the activities involved in its development. In addition to real estate service, the category also includes residential and commercial construction and the burgeoning home-improvement industry.

Financial services. As usual, it makes sense to follow the money. America’s vast capital holdings have spawned entire industries dedicated to their preservation and growth. Like the money itself, the jobs associated with it will be kept at home.

Security. One outgrowth of the war on terrorism is increased demand for all types of security and military personnel. “I see a lot more of this being needed over the next 20 years,” Challenger says.
The services sector, in particular, is approaching red-hot status. General hiring in the services sector will be 22% greater on campuses this year than last, according to a recent survey by the National Association of Colleges and Employers, made up of college and university career counselors. And the most aggressive recruiters, says Bill Currin, director of Wake Forest University’s Office of Career Services, are those from financial services companies.

Currin also notes that while government hiring is projected to be down this year, a worker shortage is developing at the federal level that will become acute in the next few years.

 

Scary news for some in the U.S. -- but good news for some in India and the Philippines.

At least the fast food jobs will stay here.

 

As a cop, I don't think that they'll move my job to india.

Hummm, but on second thought, if you see blue UN helmits here in the USA (doing my job), then maybe we should be concerned?