How a no-shore approach might be better than an in-house team
And how it can save your business money
The landscape of work is changing — especially in tech where local talent alone cannot satisfy the demand for diversity and depth of skills required. No-shore, remote work, outsourced, telecommuting are all words to describe the new global workforce that could be tapped into for your next project.
But that’s not all.
Here are the 4 reasons why a no-shore approach may be better than employing a full in-house team.
1. Cost
The major perk of a no-shore approach is cost.
Exchange rates and local expected wages can differ greatly, especially when transferring over to countries with lower costs of living. Not only that, the additional but necessary cost of employment such as insurance, employee perks, benefits, unscheduled absences, sick days, office space, hardware and software maintenance is reduced significantly per person.
With a no-shore approach, the outsourced contractor is expected to have all this calculated into their invoices. While it may feel more expensive initially, the ancillary payment that comes with maintaining an employee is often much higher. A study from PGi found…
