4 Benefits Of Offshoring

In today’s era, digital presence is no longer an option but a necessity, for a business.

Businesses are moving towards digitalization and to gain a competitive edge in the digital space, a business needs proper knowledge and technical skills. So, offshoring is one of the best and reliable ways that can help to navigate through this complex journey of digital transformation.

Before diving into the benefits, let’s have a look at what offshoring is:

Offshoring is moving or relocating some business process or operations to another country. It is similar to outsourcing with the difference that in offshoring the operations are moved to a different country. Here are a few benefits of offshoring:

• Lower cost

One of the best-known benefits of offshoring is cost saving. Businesses can hire resources at a lower rate from the other countries instead of hiring someone local in their team. By reducing the costs, the business can increase the profit margin that will in turn help in gaining a competitive edge.

For example, hiring a developer in the USA will cost around $50-$250 per hour but the cost of hiring an offshore developer is around $25-$50 per hour, depending upon the experience and skills.

If you want to maximize the advantage of cost-saving, make sure to have a solid business plan.

• 24/7 availability

By having an offshore team you can provide round-the-clock support to your customers. Nowadays, customers expect 24/7 service and want the problem to be resolved immediately, no matter what time it is.

So, because of the difference in the time zone, offshore teams can be of great help and can help in speeding up the process.

• No infrastructure

Setting up an entire department is expensive as you need to invest a lot of money in the infrastructure to make sure your employees are satisfied and motivated to work.

But in the case of offshoring, you don’t need to invest in infrastructure like office supplies, equipment, etc. This not just helps in saving cost but time as well. So, you can start the project faster without any delay.

• Access to specialized skills

One of the main advantages of offshoring is the access to specialized workers. Mostly, businesses offshore knowledge processes like market research, R&D, legal services, etc.

By offshoring these they can improve the quality of work and save on cost which will provide better business outcomes.

Final words:

Though offshoring provides various benefits, it has got a lot of challenges too. Properly analyze your business requirements before deciding to create an offshore team or not. At Anoma, we offer tailor-made dedicated offshore services to clients across the globe. For more details to enquire get in touch with us here