We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Nobody downloaded yet

What factors have led to HSBS's offshoring policy What benefits does HSBC gain from this - Assignment Example

Comments (0)
HSBC holdings is a well-known banking and financial services company that mainly provides investment banking solutions, commercial banking products, and wealth management services. This company is headquartered in London, UK. …
Download full paper
What factors have led to HSBSs offshoring policy What benefits does HSBC gain from this
Read TextPreview

Extract of sample
What factors have led to HSBS's offshoring policy What benefits does HSBC gain from this

Download file to see previous pages... The operating profit of the group was $5,298 million during 2009, with a reduction of 30.7% from 2008. HSBC has become largely involved in the process of offshoring with an aim to decrease costs of labor. (Data Monitor. 2010) This paper will focus on the issues relating to offshoring by one of the globally known financial service provider HSBC. It will mainly discuss the factors that have led to the company’s offshoring policies and what kinds of benefits are being derived by HSBC Holdings from its offshoring activities. A brief note about Offshoring; Exporting jobs that is commonly known to be as offshoring has become widespread across the world. Companies based in developed regions are getting involved in offshoring to low cost regions of the world. Offshoring mainly implies relocation of jobs with the purpose of reducing costs of production. India and China have become the most important service providers. From the macroeconomic perspectives, there has been a huge debate over whether it offshoring is good or bad for the economy of the exporting countries as well as to the economy of the importing countries. Particularly, major concern has been raised regarding the impacts of offshoring on the economy of the importing nations, like USA, UK, other European nations, Australia, etc. A huge number of highly recognized and highly profitable companies of these nations are involved in offshoring. (Abramovsky et al. ...
(CORPORAT E PARTNERS RESEARCH PROGRAMME. n.d) The labor available in UK and other European countries are quite expensive compared to the labor available in countries like China and India. Many people have expressed their concern over the effect of offshoring on the domestic economy and domestic productivity of UK, but this concern has not quite affected one of the largest financial service providers of the country. In fact, the extent of offshoring has been increased by HSBC to reduce their fixed and variable costs of production. Major motivational factors behind offshoring: Major motivational factors that have played crucial role in adopting the path of offshoring by HSBC can be as follows: First, a financial service provide generally gets the opportunity to of investing in global securities by adopting the path of offshoring. Very often many top performing securities are not available to the citizens of the UK and thus the investors of this country generally does not get the option of investing in these securities that provide lucrative returns. But offshoring makes it possible to make these global top performing securities accessible to the investors. (Clark, 2009; CORPORAT E PARTNERS RESEARCH PROGRAMME. n.d) Second, a banking service provider that opts for offshoring becomes able to provide its banking account holders the opportunity of accessing all those banking products that would not be available otherwise in the domestic market. (Clark, 2009; CORPORAT E PARTNERS RESEARCH PROGRAMME. n.d) Third, the level of confidentiality is much higher in case of offshoring banking services and hence investors become more interested to purchase ...Download file to see next pagesRead More
Comments (0)
Click to create a comment
Method of finance used by Chow Tai Fook and roles played by HSBC
According to the research findings the various roles and functions played by HSBC in the global offering of CTF are mentioned in the subsequent paragraphs. HSBC acts as a joint global coordinator, joint book runner and joint sponsor in the global offering offered by Chow Tai Fook Jewellery Group Limited.
11 Pages(2750 words)Assignment
Human Resource, HSBC
HSBC bank has 34 branches in Birmingham UK itself. “HSBC is one of the world’s largest banking and financial services organizations” (Bank on stability at HSBC 2012: 1). At present, HSBC bank is ranked among the top largest banks in the world. The bank confirmed its local information by way of marketing attempts committed to specific places.
4 Pages(1000 words)Assignment
So What Does This All Mean to me
I am the type of person wherein I grew up with the American culture; its beliefs and its tradition. At an early age, I get to watched and saw people from different parts of the world. These people whom I saw and met or even mingled are
1 Pages(250 words)Assignment
Gain Laundry Detergent
It is also used to describe how consumers with similar product or service needs are divided into groups to enable service providers charge them differently. True
3 Pages(750 words)Assignment
What factors led to the end of the Cold War
Throughout this time, the war was seen through military alliance, undercover activities, development of weapons, attacks, misleading publicity, and aggressive technological advances. Finally, the wall crumbled down in Berlin in 1991, which indicated the conclusion of
1 Pages(250 words)Assignment
Benefits Policy & Strategy
It is on the part of employees that this paper seeks to focus on their benefits, compensation and motivation strategies With a lot of research being carried out in this field, it is expected that benefits strategies are
1 Pages(250 words)Assignment
In 2008 the Global Financial Crisis hit the world economy. Critically assess the strategic factors that led to the collapse of the global banking industry. Outline a strategy for ensuring such an event does not re-occur
The first indication of the crisis registered in 2006 when the housing prices started to drop. This emanated, in part, from the fact that
8 Pages(2000 words)Assignment
Q 1 . Discuss the purpose of packages Why are they necessary, and how has the need for them changed Q 2. what are some of the factors that have led to changes in packaging
Several manufacturers produce homogenous products, this means that they are producing similar kinds of products. For example shampoo is produced by
2 Pages(500 words)Assignment
HSBC bank regulations
The essay will examine the regulatory framework within which the HSBC bank operates and proceed to analyze the impact of new regulations on the banks operations.
3 Pages(750 words)Assignment
To gain insights to some of the factors that will help movie investors in making better decisions
After the collection of data and information, multi-linear regression is carried out, in analyzing and interpreting the information. The research question focuses on whether movies break even at the initial release in the box office.
6 Pages(1500 words)Assignment
Let us find you another Assignment on topic What factors have led to HSBS's offshoring policy What benefits does HSBC gain from this for FREE!
Contact us:
Contact Us Now
FREE Mobile Apps:
  • About StudentShare
  • Testimonials
  • FAQ
  • Blog
  • Free Essays
  • New Essays
  • Essays
  • The Newest Essay Topics
  • Index samples by all dates
Join us:
Contact Us