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Offshore outsourcing – combines outsourcing and offshoring; is the practice of hiring an external organization that is in another country to perform a business function. [142] In-housing – hiring employees [217] [218] or using existing employees/resources to undo an outsourcing. [219] [220]
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Employment in the transportation and material moving industry accounted for 7.4% of all employment, and was the 5th largest employment group in the United States. [71] The United States invests 0.6% of its GDP on transportation annually. [72]
In the 4th quarter of 2005, turnover for the largest carriers in the industry reached a record 136%, [82] which means that for every 100 new employees hired, 136 quit their jobs. This results in a "revolving door" within most long-haul trucking companies, as drivers are constantly switching jobs or leaving the industry.
Image credits: Thomas Junior LinkedIn’s editor-at-large for jobs and career development, Andrew Seaman, told CNBC Make It that these jobs reflect two dominant trends currently shaping the labor ...