It is a no-brainer why companies are now establishing offshoring operations - because there are just a lot of benefits attached to this business strategy.
Unlocking the Power of ChatGPT and AI in Testing - A Real-World Look, present...
Why offshoring is attractive to businesses
1. Why Offshoring is Attractive to Businesses
It is a no-brainer why companies are now establishing offshoring operations - because there are just a lot of benefits
attached to this business strategy. Europe, US, and other Western regions and countries are attracted to the
effectiveness of offshoring to the Philippines, China, and India. These Asian countries are proven to be top offshoring
destinations. Here are the reasons this business solution is attractive to businesses:
Affordable operating costs - Highly industrialized regions and countries like Europe and the US have higher
salary rates compared to those in offshoring destinations. Western companies take advantage of the labor
arbitrage to get significant cost savings.
Accessibility to top-notch people across the globe - Offshoring destinations take pride in their pool of highly
skilled and talented professionals. People from the Philippines, China, and India are very hardworking and their
work is at par with international standards.
Market growth potential - There is huge potential in having local presence in other countries, as new territories
can be sources of new clients for your business. Added to that, establishing tie-ups with local businesses can
mean expansion opportunities and enhancement of your current business practices.
Focus on more essential business needs - Let’s face it - although the operations are the bread and butter of a
business, it will not be successful without a sound business development plan. Business planning and
development needs analysis, and you will be able to spend more time and resources to core functions if the
non-core ones are being dealt with by another company.
These are just a few of the many benefits of establishing offshoring operations to other countries. Assess your company
requirements and determine if it is the suitable business solution.
MicroSourcing is an offshore outsourcing solutions provider based in Manila, Philippines. The company offers a wide
range of delivery models: project outsourcing, offshore staff leasing, and virtual captives.