Recently, there's been a significant surge in the momentum of information technology, particularly in the realm of offshore outsourcing. Offshore outsourcing is becoming popular nowadays because it's a cost-effective solution.
Offshore Outsourcing:
Offshore outsourcing often considers hiring staff located in the other region, which is generally located overseas. Almost 80% of US and European outsourcing firms prefer India as a primary destination because there are no actual costs involved for hiring staff or staff retention and still you get the tasks completed by skilled professionals. There are mainly offshore, onshore, and nearshore outsourcing existing in the market.
Let’s know the difference between these three: Offshore, Onshore and Nearshore:
Offshore: The company assigns its business processes or services to a partner organization in another country, which gives the advantage of lower labor costs, access to a global talent pool, and achieve operational efficiencies across different time zones.
Onshore: Company contracting out services or tasks to other companies within the same country. This gives benefits like easier communication, cultural alignment, etc.
Nearshore: Business outsourcing refers to a company outsourcing its operations or services to organizations in neighboring countries.
Benefits of choosing Offshore outsourcing to India:
Cost-effective: offshore outsourcing of US companies almost saves more than 50% than average onshore outsourcing.
Skilled Professional: Having a skilled professional in business is a true asset to any organization. They are not only cost-effective but also dedicated to achieving the desired results for the outsourcing company.
Multi-Language Support: While outsourcing IT services, a major barrier to multi-language support is always there. That is where highly skilled Indian talent stands out as many experts are very good at providing multi-language support.
24/7 Round-the-Clock Support: There are many Indian companies that support 7 days a week and 24 hours of support. That’s why Indian talents are in demand for offshore outsourcing.