Why Offshoring Makes A True Sense, Today!

If you read our last thought article Why captive centers are no longer the in thing, you might already know what we are about to analyse today. If you didn't read, here’s a brief about the last article:

We mentioned how captive centers are changing the world of business creativity through scalable ideas but at the same time why these are on the verge of slowdown. We analyzed key factors that are slowing down the growth of captives, such as lack of a stable balance between expectation and reality, high attrition, absence of methodically structured ideas for employee retention etc., This article further briefs the topic with the coverage of key reason why offshoring is always a beneficial business model, and why companies are opting for it!

True Cost saving: The crucially vital benefit, cost saving is what drive companies opt for off shoring as their preferred method of work. The economies of recession introduce a new form of challenges for firms to face. Today, the success ratio of innovative business development depends on how an enterprise can cut cost without affecting process consistency. If a software development company offshore process related task to employees of any other company who are equally motivated and talented, the company can save a total of around 40 – 60 % compared to the cost involved in making it done by its own in house or country-based employees. With the saved money, the same company can expand its in house facilities and invest on developmental tasks. In short, the model saves money and makes room for process innovation smart and most importantly easy!

Real Speed: If you want to fill a highly crucial post in a developed county, you may need to wait for months to recruit the best resource at the best rate. But if you offshore, you are always likely to track down skilled resources easily, without having to wait for months. This actually speeds the work, fulfills client needs and earns high yields in terms of revenue. Speedy work is a driving force that accelerates growth.

Reduced legal liabilities: An employee dedicated to bring a company to square zero could stoop to any level, if the company avoid such risks, the challenge could take new turns. But when a firm offshores its tasks, it no longer need to worry about any sort of issues that may have legal tail

Besides the above, the following other reasons why offshoring makes sense:

• Flexibility in process innovation and steadfast work
• Retention and loyalty
• State of the art technology
• New business partners and contacts

So offshoring stands vital on the below mentioned deciders:

• Reduced liabilities
• Increased time
• Added benefits
• Low risks

And best of all, cost saving. In totality, offshoring your projects to a company ensures you results you require.