What kind of services can Offshore offer and how they can benefit you?
Offshoring refers to the act of relocating a business process to a different country. This is often done to optimize the process and save costs along the way. The most popular offshoring destinations include Asia, South America and Eastern Europe, in countries that have similar legal structures and managerial practices as they do in North America and Western Europe. The countries in question also have high English proficiency, and high levels of education.
So what kind of services can be offshored? Offshoring companies offer a variety of services, ranging from software development to SEO, branding, mobile application development, website construction services, data research, customer support, data entry, administration, payroll and virtual assistance, among others.
Benefits of offshoring
The major advantage of working with an offshore company is the lowered cost of operating a business process. The lower cost is due to several factors, including the lower cost of living in the target country, potentially lesser regulatory load, and lower labor costs. The cost benefits can be quite huge, with developers in Western countries costing anywhere from $50 to $250 per hour, while offshore development services usually costing between $25 and $50 per hour.
There often is a misconception however, that by offshoring, the quality of the services will be lower. This is true on occasion, but there are offshoring companies that can offer the same quality and skill set that you can find in your own country, but at a lower price point. You might also be able to fill out skill gaps in your own company by offshoring.
Offshoring companies are also designed with scalability in mind. As a project evolves, you may need more hands-on deck to meet deadlines and make unexpected changes. Offshore teams can be as big or as small as you need them to be, fluctuating between lowering costs and increasing productivity as the demands of a project change over time.
You can also hire offshore help at any stage in a project, whether you want the offshore team to build everything from the ground up, or if you need some extra resources at some stage of the project.
Finding the right offshore team for your project
If time is an important element in your project, you might want to go with an offshore team that is near your time zone. This is also known as nearshoring, and it has all the benefits of offshoring, with the added extra of being able to communicate in real time. However, this is not always a requirement. You can also discuss how much control you want to have over the development process. Some teams will be able to work pretty much autonomously, while others will integrate their members into your existing development structure. It is ultimately up to the demands of your project.
If you are interested in finding out more about how offshoring works, or if you would like to hire an offshoring team, contact us today for more information.