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Nov20
Financial outsourcing growth hindered by lack of talents

First rate statisticians or MBA Finance are hard to find. Or comes in small packages. Thinks Brian Pitman, senior advisor at financial services firm Morgan Stanley. He says, companies were increasingly turning to specialist firms to look after their finance departments. There is a shortage of outstanding people in finance, so you can attract better people by outsourcing your finance function. More and more companies are doing this.

On a broader scale, talent crunch can dampen the projected growth rate by 30%.Talent-crunch-human-resource-scarcity India's industry body ASSOCHAM states that due to dearth of talented professionals  KPO sector in India would be shrinked by 30% and would fail to touch the projected  $15 billion business by 2012. Instead, it will only touch $10.5 billion. Source

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