For business owners, the work is never truly done. They can always find ways to modify, streamline, and adapt company processes to better reach their goals and continue growing. If you’re a business owner looking to do just that, one of the best ways is through outsourcing offshore.
Learn about how offshore outsourcing, as well as nearshore outsourcing, can be transformative to your business.
What Is Offshore Outsourcing?
Offshore outsourcing is the practice of hiring a third-party company or contractor in another country to perform some of your business operations for you. The purpose is most often to streamline operations, reduce costs, increase efficiency, and use specialized services that your company may not have internally.
Nearshore outsourcing is essentially the same thing as offshore outsourcing, only the third-party services come from a neighboring country. There are several benefits to opting for nearshore outsourcing over offshore, including cultural similarities, geographical proximity, and time zone similarities.
Offshore Outsourcing is also referred as Business Process Outsourcing (BPO) as the business is outsourcing a process to a third party.
What Is Offshore Staffing?
Offshore staffing is done for similar reasons as offshore outsourcing, but the two are not quite the same. When you outsource offshore, you’re contracting a third-party company or individual to perform a certain service. When you hire offshore staff, you are hiring individuals from another country to work for your company.
The Benefits of Offshore Outsourcing
Here are some of the ways your business can benefit from outsourcing certain operations to an offshore company.
The costs of labor, materials, production, and more can all be significantly lowered when outsourced offshore.
Streamline Your Operations
By putting certain operations in the hands of a third party, you’ll have the ability to focus more on your company’s primary goals. You can also make these processes more efficient.
Access Specialized Services
Hiring a third party to perform some of your business operations can give your company access to specialized services that you don’t have within your current team.
Services You May Want to Outsource Offshore
These are five of the most common business operations that can be made faster, easier, and more affordable if you simply outsource them to an offshore company.
1. IT Services
There is no business today that doesn’t have to worry about IT management in some form, and that IT management generally requires an entire specialized team of workers. This adds plenty of complications and costs for company leaders and hiring managers to sort through.
Outsourcing your IT to an offshore company can drastically reduce costs, eliminate tasks, and alleviate some burden in the areas of hiring and training. At the same time, you’ll acquire a dedicated team of experts who can focus solely on keeping your IT infrastructure up and running at all times.
If your business manufactures products onshore, you are probably paying a great deal of money to do so. As a result, your margins are lower and your prices are higher than you want them to be. There are a few different ways to improve your margins and lower your prices, but it’s unlikely that any of them are as effective as outsourcing your manufacturing offshore.
Offshore manufacturing allows you to reduce labor and production costs, reduce risk, tap into a gigantic pool of skilled labor, gain access to a unique set of suppliers, and enter the global market.
3. Business Processes
Every business has to handle many repetitive, tedious tasks to keep things running smoothly. Although they are important, these tasks are also time-consuming and costly — particularly when you delegate them to onshore members of your team.
When you use offshore outsourcing for things like customer service, call center services, accounting, data processing, and invoicing and billing, you can reduce costs for your business while also streamlining your onshore operations. This provides you and your team with more time and energy to focus directly on your company’s goals.
One of the newer developments in the world of offshore outsourcing is a rise in the number of HR services being outsourced to companies in other countries. While certain aspects of HR are likely best covered internally, many others can easily be handled by an offshore company for less money.
Offshore HR can cover everything from payroll management to benefits administration. It can also take care of several parts of the recruiting and hiring process, all the way up to onboarding and training.
Allowing these crucial operations of your business to be handled by outside experts can help you focus on what’s most important and save you money in the process.
5. Design Services
In the current business landscape, every company needs talented designers to help it stand out and connect with potential clients and customers. But not every company has a team with the necessary skills to deliver the right kind of design services.
Outsourcing your design services offshore can help your company attain expertly created websites, graphics, media, and more without the need for forming your own internal design team. You’ll save money, reduce risk, and still get the services you’re looking for.
Remote Team Solutions Can Help You Boost Your Business Operations
Having a nearshore team in Mexico can bring great advantages to your company. If you’re interested in learning more about offshore or nearshore staffing, contact Remote Team Solutions today.