Comparative Study on Retirement Plan between Bangladesh and the United States of America (USA)
Ahmed, Md Sabbir
MetadataShow full item record
This whole report demonstrates about the Data Path Ltd., retirement plan services, outsourcing and offshoring business, Distributions Department and their activities, strength, opportunities, weakness, threats, recommendations on this issues, etcetera’s. Few entrepreneurs of the United State of America want to outsource their business. They also want such a country where they could get cheap labor, effective and efficient employee or team to perform their task at a standard level. They also are looking for using the time difference around the world. They want to run their business 24 hours every working days. On consideration of all these factors, they found Mr. Ashfaqur Rahman and got to know about Bangladesh and its prospects. Thus the Data Path Ltd. Starts its life in Bangladesh. Data Path Ltd. is basically a Business Process Outsourcing (BPO) partner of Texas-based retirement plan service provider named July Business Services. Data path provides all the required support to July business services to run their business effectively all the 24 hours. Data Path Ltd. provides these services through internet and remote desktop facility. A retirement design is an adjustment to accommodate humans with an income, or pension, at some point of or when humans are no longer collecting a constant earnings from employment. Retirement plans can also do installed via employers, insurance plan companies, every government or other institutions such as employer companies or trade unions. Retirement plans are extra commonly recognized as pension structures in the UK and Ireland and superannuation plans in Australia. Some kinds of retirement plans, such as money stability plans, mix traits of both stabilized advantage and described contribution plans. They are frequently viewed as hybrid plans. It helps companies to accomplish their business functions by way of operational perfection and a real market place. In order for companies to focal point on their core competencies, all agencies nowadays outsource one or more of their operations. In order to compete in the world economy, organizations want to center of attention their assets on their core operations. There are various causes that companies outsource several jobs, but the common noticeable advantage appears to be the point that it often saves money. Several of the organizations that provide outsourcing services are competent to perform the job for considerably insufficient money, as others don't have to provide benefits to their workers and have several above amounts to defect regarding. Both terrible and advantageous penalties of outsourcing can be identified. Positive penalties of outsourcing can contain attention on core business operations, world-class science at lower prices, experienced manpower at cheap prices. Negative consequences of outsourcing can be reduced quality, make bigger in time-to-market, lower client service, sunk costs, loss of control, unpredictable providers and negative long-term penalties at business. While outsourcing may establish highly beneficial for several companies, it also has many disadvantages. It is great that particular individual company carefully assess their requirements to decide if outsourcing is a viable opportunity.
- Finance