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Nearshore Outsourcing

For some companies, one of the benefits of offshoring is the round-the-clock factor derived from being in disparate time zones. The flip side of this is there is little to no opportunity for businesses to work collaboratively with their offshore partner due to the time difference. With nearshoring, the benefit of proximity is more than just working in the same, or close, time zone. For projects that require close interaction with the company and its outsourcing partner, nearshoring is an excellent solution with less expensive travel costs and shortened travel time as an added benefit.

In today’s hectic world, organizations are working overtime to maximize efficiencies worldwide. Most companies have already started the process or are seriously looking into the benefits of nearshoring.

OUTSOURCING FACTORS

Hourly Cost
Cultural Affinity
Time Difference
Geography
Political Risk
Jobs
Attrition
Education
Travel Cost
Total Integrated Cost

OFFSHORE OUTSOURCING

Low Hourly Cost
Strong Cultural Differences
11 Hours Time Difference
Huge Geographical distance
High Political risk
Talent Dilution
More than 30%
High Standards
Costly Travel Expenses
Higher Total Cost of Engagements

NEARSHORE OUTSOURCING

On par with Offshore Outsourcing
Cultural Affinity
Full U. S. business day overlap
Closer to Home Country
High Political risk
Top-tier talent
Less than 5%
Comparable IT skills
Lower travel Expenses
Lower Total Cost of Engagements

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