Offshoring: What is it & how it helps your business grow [Ebook]
Offshoring: What is it? Why should you do it? How do you ensure that the process goes smoothly and well? This ebook answers the essentials of offshore hiring. It will give a foundation to build your knowledge on the hiring process and how it can benefit you.
Put simply, offshoring is a means of relocating business practices to another country, typically in order to cut costs. To do this, companies remotely hiring people to work.
Two types of offshoring exist: outsourcing and outstaffing. The former is concerned with project management, while the latter is concerned with hiring until after the employee onboardeds into the company.
Singapore is named as the world’s most expensive city to live in in 2020 (Economist Intelligence Unit). Coupled with an inevitable demanding salary range, the high cost of living is driving potential hires to go for competitors who are able to offer a higher salary. Offshoring is a cost-effective solution to this. Glints’ found out that companies managed to save up to 70% cost by hiring in Batam, Indonesia and Vietnam.
When you decide to offshore, you immediately gain wider access to a rich talent pool. You will also be able to scale your team faster, as well as create a more diverse team culture for your company.
Read more about: why you should hire full stack developers offshore, today & the 5 (debunked!) myths of offshoring
This ebook dives further into the various aspects of offshoring, such as:
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Related: 3 misunderstandings about offshore hiring
Once you are on your way, learn more about how you can build a remote team effectively and efficiently with this free ebook from Glints.
