Innovative Outsourcing: Thousands of Jobs Coming to Saudi Women
Here’s an example of true innovation. In a move that addresses challenges and leverages opportunities, the Kingdom soon will welcome its first-ever outsourcing center staffed and run entirely by women.
Developed jointly by GE, Tata Consultancy Services (TCS) and Saudi Aramco, the Business Processes Service Center will initially employ approximately 400 female Saudi university graduates. In providing outsourced business services to clients, the center’s staff will draw on their skills in the areas of finance, accounting, human resources management and supply chain management services.
The significance of the center to the Kingdom’s development program was reflected in the high-level representation at the official launch. H.E. Abdullatif A. Al-Othman, Governor of the Saudi Arabia General Investment Authority made a keynote speech. Comments also were made by Khalid A. Al-Falih, president and CEO of Saudi Aramco; Jeffrey Immelt, Chairman and CEO of GE; Cyrus Mistry, Chairman of Tata Group and N Chandrasekaran, CEO and Managing Director of TCS.
GE and Saudi Aramco will be the center’s anchor clients, but it will grow to take on other companies and institutions across the Kingdom. Ultimately, it will scale up to create as many as 3,000 jobs for Saudi professional women. GE will create up to 1,000 employment opportunities for this venture. GE and TCS, both of which have an equity stake in the center, also will work with leading Saudi universities and educational institutions, to launch specialized training programs to achieve further job-creation goals.
This includes the need to: provide high-value employment opportunities inside the Kingdom, diversify the country’s economy, enable growth of a viable employment sector and address what is one of the world’s lowest rates of female participation in the labor force. This center will not only provide employment opportunities for women, but it will do so in the private sector. This is important because just last month, the Saudi Ministry of Labor announced that female unemployment in the private sector rose during 2012
“GE is committed to partnering with the government in helping to achieve their social and economic growth aspirations and goals. Today, Saudi Arabia is placing high emphasis on creating jobs for its youth and women and we are proud to be supporting female employment opportunities in the Kingdom, offering placement opportunities and world class training programs,” said Jeffrey Immelt, GE’s Chairman and CEO.
For more on the initiative, click here. For more on GE’s 80-year legacy in Saudi Arabia and its efforts to promote localization, job creation, workforce training and educational opportunities, click here.