insiders at TIAA have posted this recently on the TIAA board about their firms outsourcing of jobs to India with A>S>SCenture. The comments are a precusor of what's coming to Mutual of America is about 9 months time:
Commentor 1
TIAA can save 30% in labor costs by outsourcing to India. Problem is, Indians do 50 % of the work and it takes 50 % more time & then you have to build in the time zone difference so the net loss to TIAA is 15% loss in client count and aggregate annual labor costs increasing still at 5% w/no end in site. The cost and productivity savings looks great on paper; much much worse in the real world.
Commentor 2
Ask yourself - can my job be done in India, even if it’s a poor version of what I do? If you answered yes, then always assume they will look for a way to go cheaper even at the cost of quality. TIAA would rather save money than have respect for their product and employees.