Offshoring is the practice of basing some company operations overseas.
Every company's reasons for offshoring can be different, but they usually fall under one of the following categories:
Moving operations out of the country where a company is based to a foreign country might save a company money on labor.
Many companies offshore in order to access a wider pool of skilled workers.
Workers or services in one area of the world might be better set up and more adept at handling specific tasks than in the country where the company is based.
Offshoring refers to companies basing operations overseas, whereas outsourcing refers to companies delegating work to a third party that may or may not be based overseas.
If you’re considering offshoring due to difficulties staffing from a local talent pool, you might want to think about using Oyster. Oyster opens up a global pool of talent by enabling you to hire anywhere in the world. Find out more about our global employment platform.
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