Los Angeles, USA - Sep. 07, 2012 - National Outsourcing Association Awards (NOAAs) has shortlisted Avasant as a nominee for its Corporate Social Responsibility Award. Specifically, Avasant is being recognized for its Impact Sourcing initiative with The Rockefeller Foundation. At the heart of "Impact Sourcing" is the goal to create jobs for individuals with limited opportunity and in rural or economically depressed communities. These jobs of the future would principally be directed at workers in Business Process Outsourcing (BPO) centers to provide high-quality, information-based services.
NOA received a record number of entries in every single category this year. Moreover the NOAA is the only award ceremony dedicated to the UK outsourcing sector and takes place on Thursday 25th October 2012 at the Park Plaza RiverbankA in London.
Avasant's nomination was based on a twelve-month study designed to generate employment opportunities for the poor by establishing meaningful jobs in the information technology industry. The Avasant study estimates the market size for Impact Sourcing to be over US $10.7 billion, employing nearly 561,000 people. With a booming BPO sector, it is projected that by 2020, the market for Impact Sourcing services will grow to employ 2.9 million people and generate revenues of US $55.4 billion. Simply put, Impact Sourcing could account for up to 17 percent of all global BPO services spending.
"We are pleased to be shortlisted by NOA for the award category. Avasant has supported The Rockefeller Foundation to develop a better understanding of how Impact Sourcing (IS) can be scaled with policies and incentives towards poverty alleviation through employment generation in the EMEA region," said Mr. Kevin S. Parikh, Global CEO Avasant.
National Outsourcing Association Chairman, Martyn Hart said, "Not only is this a record breaking year for quantity, all of the award submissions are of outstanding quality. We always look forward to this time a year, as it brings a unique opportunity to compare best practice and reward the companies who are pushing the industry forward."
Avasant is a global strategy and sourcing advisory firm that helps clients navigate the complete lifecycle of IT, Business and Knowledge Processes sourcing solutions through an experienced team of management consultants, advisors, and lawyers. Avasant offers advisory services in three primary practice areas: Strategic Sourcing, Technology Optimization and Globalization services.
Our talented consultants average over 20 years of industry-honed experience and have conducted over 1,000+ engagements in over 40 countries worldwide. Avasant drives customer value through the use of our proprietary consulting and advisory methods, which have been refined over decades of ‘real-world' transaction and engagement experience.
For more information, Contact Avasant LLC