EXECUTIVE OFFSHORING
For years now, the Senior Executives have touted the substantial benefits of offshoring US jobs. That being so, offshoring should be embraced at every level of the organization. The next logical step is to export the jobs of Executive Leaders to low-cost developing nations which will LEGITIMATELY cut costs, and more importantly - improve executive performance.
Offshoring Executives is a Win-Win strategy. It reduces skyrocketing Executive salaries for equivalent or better talent; eliminates expensive shareholder lawsuits and billion dollar regulatory fines; frees up financial capital to reward hardworking frontline employees and improve customer service; allows 24/7 access to your executive team; and offshored Executives are easier to hire and fire for less money.
Offshoring Senior Executive roles, including the CEO, will slash costs like never before. Why pay $29 million/year for a one-trick pony American executive when you can hire a highly-qualified offshore CEO for 95% less, and get a leader skilled in today’s interconnected business environment. Wells Fargo could save $30 BILLION right off the top by eliminating the Corporate Stock Buyback Program along with the entitled Executives who take advantage of the system to create windfalls for themselves via Stock Options. Eliminate costly executive travel, nepotism, and financial incentives to exploit customers by hiring external ethical, hard-working, diverse professionals with a wide range of expertise. Studies show that Executives in low-wage countries have higher motivation and outperform their US counterparts.
Executive Offshoring is the most straightforward and far-reaching solution for improving a company’s Efficiency Ratio and increasing profitability. After years of cutting low-wage jobs, the truth is that the combined salary and Compensation Packages of our Leadership and Governance Team is more than the total salary of all the programmers, customer service specialists, and technical support staff whom are being offshored.
*Note to Executives: This is not personal. It is strictly business. Please do show gratitude to Wells Fargo for working hard to identify opportunities for employees in other parts of the company.