General Conversations
Globalization and Social Responsibility Collide in The Offshoring Industry
Globalization is defined as the worldwide movement toward economic, financial trade and communications integration and has become a ubiquitous term.
Social responsibility is defined as the obligation of a company’s’ management team towards the welfare and culture of the society in which they operate. As per the ISO26000 standards, the health of an organization’s relationship with the society and culture in which their company operates is essential to their ability to operate efficiently.
At a corporate level, globalization and social responsibility are intrinsically combined. The reduction of international barriers to trade and improved communications may be seen to reduce unemployment levels in some developing countries and decrease poverty. However, reductions in levels of poverty are slow to be revealed at a local level. Companies would benefit from developing professional individual social responsibility (ISR) programs to positively influence work colleagues and members of the community. The term ‘your company is only as good as its people’ stands true in the way that without ISR and empathy towards cultural needs, Company/ Corporate Social Responsibility (CSR) programs would not be successful, therefore, a company would not thrive within its community.
Globalization and social responsibility collide in the offshore industry, however therein lies a golden opportunity for global impact. Difficulties in the global economy elicited exponential growth in the offshore outsourcing industry over the last decade, and many companies are quickly overcoming their fear of outsourcing and are jumping on the bandwagon. It is essential that offshore service providers be proactive in their development and encouragement of ISR and CSR programs to continue to support the local communities in which they operate. Many would do well from following the lead of major companies who engage in long-term CSR initiatives with aggressive marketing strategies. Many consumers are likely to purchase products which reduce their environmental footprint, and this is expected to become the norm for the future, this is the driving force behind many companies embracing innovative CSR initiatives.
Global Responsibility and Poverty
Many offshore companies are established in poverty-stricken locations around the world e.g. the Philippines where over a third of the population live in poverty. Businesses in this locale have the capacity to make an enormous impact on members of the community by way of employee and client engagement programs. These companies may implement innovative ISR programs which may incorporate their clients and employees alike. Such programs help to raise awareness to the plight of those living in poverty, a plight which in some cases may otherwise, never come to the attention of those living in developed countries and those taking advantage of offshore money-saving opportunities.
Many companies are advocating a global responsibility towards citizens the world over and a duty to hold out a helping hand to those in need. Such companies consider it to be their obligation to ‘give back to the community’ by way of philanthropic ventures. These efforts may include the provision of financial aid, by way of donations, the provision of food and water, clothing and shoes, and voluntary support of community projects with their time.