Offshoring is often seen as risky and complicated, resulting in a loss of control of your brand or process quality. In saying that, outsourcing has become a growing trend in business practice and more companies are offshoring their business processes to improve their efficiencies and reduce their costs.
So why are companies offshoring?
1. Cost Savings
It is proven as cheaper than hiring the same resource in Australia. Wage variances between Australia, East Asia and Southeast Asia means that you can budget for more overseas staff. Further, expanding your facility may be prohibitive. Offshoring can be a cost effective solution.
2. Increase productivity
As your business grows, your key personnel can be “overrun” with the menial work that invariably creeps into their day. Offshoring is an ideal way to get these tasks handled more efficiently. Once your local team is freed from these administrative tasks, they can focus on core business and new business opportunities.
3. Reach new markets
Offshoring allows you to work closely with professionals from other countries. The establishment of these networks can open up the door to new markets, potentially leading to higher sales, economies of scales and improved profitability.
4. Scalability
The smallest businesses can reap the benefits of offshoring. With offshoring you can grow and adapt to changing market conditions quickly with minimal overheads.
5. Access to skilled labour
Offshoring means that you have access to a greater pool of trained and skilled labour. Skilled labour coupled with the latest technology can significantly enhance your productivity.