http://sbr.com.sg/economy/news/good...considering-outsourcing-rein-in-ballooning-bu
[h=1]Goodbye, Singapore: Almost half oflocal firms considering outsourcing to rein in ballooning business costs[/h] Downsizing is also another option.
Domestic firms are considering an extreme weapon against Singapore’s persistently high business costs. According to a study by the Singapore Business Federation, majority of enterprises are focusing on cost reduction measures to combat ballooning business costs.
The report revealed that 43% of firms are considering outsourcing, while 41% are thinking of freezing their headcount and moderating wages.
The most popular cost reduction measure is reducing overheads, which is favored by 63% of firms, followed by procuring cheaper supplies at 62%.
In addition, some 22% of polled enterprises--of which 50% are mid to large-sized companies--are looking to relocate facilities to lower cost countries. Another 21%--of which 20% are large enterprises--are considering downsizing as an option.
- See more at: http://sbr.com.sg/economy/news/good...ng-rein-in-ballooning-bu#sthash.W0oS21ME.dpuf
[h=1]Goodbye, Singapore: Almost half oflocal firms considering outsourcing to rein in ballooning business costs[/h] Downsizing is also another option.
Domestic firms are considering an extreme weapon against Singapore’s persistently high business costs. According to a study by the Singapore Business Federation, majority of enterprises are focusing on cost reduction measures to combat ballooning business costs.
The report revealed that 43% of firms are considering outsourcing, while 41% are thinking of freezing their headcount and moderating wages.
The most popular cost reduction measure is reducing overheads, which is favored by 63% of firms, followed by procuring cheaper supplies at 62%.
In addition, some 22% of polled enterprises--of which 50% are mid to large-sized companies--are looking to relocate facilities to lower cost countries. Another 21%--of which 20% are large enterprises--are considering downsizing as an option.
- See more at: http://sbr.com.sg/economy/news/good...ng-rein-in-ballooning-bu#sthash.W0oS21ME.dpuf
