The demand for labor, under typical circumstances of a modern community, comes from the employer who employs labor and other factors of production for making profits out of his business. The demand price of labor, therefore, is the wage that an employer is willing to pay for that particular kind of labor.
BPO is an evolution, which is making waves all over the world. Business process outsourcing basically deals with the volume, size, and efficiency of any business. As the current business scenario suggests, most organizations across the globe are in front of a great challenge.
The main challenge that the companies are facing is less time available for launching services and products into the global market. This is where the prime significance of business process outsourcing lies.
The availability of skilled professionals in third world countries has made leading businesses based worldwide to consider third world countries to get their job done. Most European countries move out of their territorial borders to discover and tap resources in third world countries.
The language learning market is accelerating at a strong pace due to the globalization of the economy and the adoption of cost-efficient technology-based products. Language learning allows a person to generate critical thinking skills contributing to perceiving a completely different world. People have started assuming the limits of language as the limit of the world.
As individual countries’ economies become increasingly international, the demand for foreign languages continues to grow.
Language skills are not only a strong asset these days, but may even be deemed a necessity in certain fields such as customer services where growing e-commerce activities within both national and international companies have led to an increased demand for multilingual representatives.
In fact, over half of Europeans use at least one-second language at work. Forty-five percent of Europeans said they think they landed a better job in their own country due to their foreign language skills, according to a European Commission study.
Languages in Demands