the last months or so I have taken an active interest in understanding the underlying factors of outsourcing and the general implications for business/society ("Outsourcing America" good book!).
I have to say that I am worried. Looking at what is happening in the US and the upcoming "IT Services" merger mania (HP/EDS - others like IBM, CG and the Indian players SWITCH may follow suit) I am wondering if I should prepare myself for a career change.
I have got a solid understanding of the system development lifecycle and project management experience (certified PMP..for whatever it is worth..), but can see already some worrying trends.
Contrary to the latest assurances that PMs will be needed in the UK and that "just" technical work will be outsourced, I have seen on many instances PMs from overseas (Mainly India - nothing against the people) coming to the UK for "Knowledge transfer" and then going back and taking over the project management. On some other instances companies find it more cost effective to bring someone here on a business visa for the whole duration of the project...Taken into consideration travel expenses, accomodation but Indian salaries it is cheaper to hire someone from India working in the UK rather then opting for a UK PM.....
The above is manifested also by some other trends. E&Y for example plans to create a single operating unit of 87 countries (FT article), in order to ensure that staff can move freely....
I can see that the next big wave will be in finance/financial services...so I was wondering if I should try to get a finance related qualification and jump onto that "Transformation" bandwagon or opt doing an MBA and change direction completely (No consultancy or banks, maybe own business/Not-for profit or industry)...
Is anyone of you chaps feeling similar about the aforementioned thoughts? What you intend to do...?
Or do you thing that I am panicking unnecessarily? Maybe it is because of the weak economy, which I personally think will collapse and we'll be in a recession till 2010..