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Saturday, January 17, 2015

Professional translation services, opportunities and New Year perspectives ahead

The New Year 2015 has revealed a slow increase in the world economy not exceeding 4.00% at best.  This figure was suggested by the World Bank and approved by major economic expectations.  What this figure shows is a bit better economic situation for business investors and living conditions, though limited in scope and importance.  What this implies for the world of professional translation services is that there is a steady limited increase in the sector turnover.   Business in general influences the subsector of business services, and this has been noticed after major economic crises in specific.  The liquidation of big names in the field of translator and the decrease of income for freelancers was very clearly noticed after the mortgage crisis in 2008.  The fact that being one of the business services an working dependently on businesses does offer enough clarifications for this relationship between translation business performance and the situation of business in general.    

 Professional translation services has been waiting for major economic improvement and the restructuring of an important growth to reach underdevelopment countries so that more opportunities are created and the movement of capital and efficiency of launched projects encourages international cooperation.  The creation of communication channels around the world is what matters more for providers of professional translation services.  After all, translation is all about the provision of mutual understanding and the assurance that communication takes place between two or more parties in business or politics and culture.  Hence, the establishment of translation channels in itself can more important than the economic growth alone. 

It is also true that business stays behind the financing an encouragement of messages to be translated.  It provides the profit motive for translation projects to take place.  However, global organisations can reach a number of goals by enhancing global peace and stability through the encouragement of professional translation services.  People in charge of these major bodies have not given enough importance to the promotion of translation as profession.  For them, translation has been a major and last recourse when there is a need to convey a message to another audience.

In view of the limited number of important translation projects open to translation companies and individual freelance translators, the profession has encouraged intruders and low profile charlatans to postulate for translation job, reduce the cost by employing unprofessional people and win the market at the expense of those for quality still matters.   The situation has also worsened by the war on rates.  Rates are now going down to a very low level because of the fierce competition.  We should always remember that there professional, either companies or individuals, whose expertise is not questioned.  But, because of this situation, they find themselves unable to compete. 

What has also worsened the situation is that a number of unemployed individuals have found refuge in the provision of professional translation services.   Desperate job seekers often content themselves with a limited income from permanent translation tasks until they find a permanent job.  Therefore, being dependent on business and the performance of global and local economies is not the best solution.  We should suggest helping the profession by advocating the need to promote translating for cultural and educational aims.

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