Working in the new global market order requires a few tried and tested solutions. Offshoring is one such concept that is creating opportunities for everyone.
The global free market has been creating new avenues for growth as nations across the world liberalize their trade policies. New brands and businesses are looking for their niche in this new world of opportunities. One solution for building a competitive edge that more and more companies are relying on is outsourcing.
The idea is not novel for the IT industry. They hire offshore staff from India regularly to meet their versatile needs. India has become a seasoned provider of multiple services to global enterprises.
You also can grow your business with offshore staffing like all the top Fortune 500 companies. There are many benefits of hiring an offshore team to work for your branding, servicing, or development needs. You can avail them all by noting a few key principles of this concept.
What is offshore staffing?
Offshore staffing simply means meeting your hiring needs from a different country. Offshoring gives companies in the developed world a cost-effective way to create new and innovative products. It gives skilled employees in the developing world a new platform to showcase their creativity. The exchange rates between nations ensure that this is a profitable venture for everyone involved. You can also begin your profitable offshore partnership by understanding its benefits and challenges.
What are the benefits of offshore staffing?
- Access to Global Talent Pool
Why limit yourself to the local resources when the whole world is up for hire? Offshore staffing companies now have a range of human resources waiting to be productive for you. Besides, if you want to be innovative on a global stage you need a staff that has a global perspective. Offshore staffing services give this globalist point of view. - Flexible Hiring Models
Offshore companies allow you to pay only for the work you assign to their resources. This means you are not responsible for hiring or firing the staff working for you. You have a single window transaction between you and your offshore staffing agency. This allows you to scale up operations if the workload demands it or lay off a few workers without any worries. - Time To Focus on Core Competencies
Your offshore staff will work on your project while you build your core team around you. The pressure is no more on your shoulders to manage this whole team realizing your project. You just need to give them timely feedback and guidance. This way you have more time to improve your core competency. Be strategically poised to make the most profits with the added productivity given to you by your offshore team. - Round-the-clock Development
Whether it is software you’re developing or a service platform you’re making, the time difference between you and your offshore team ensures round-the-clock work. Your offshore team works while you sleep and you can keep your feedback ready by the time they log in. This simple advantage accorded by geography goes a long way in reducing turnaround time.
Along with the four core benefits mentioned above, there are also a few challenges that offshore staffing presents. You can deal with those challenges by selecting the right market. India is one such market. The country is uniquely poised for offshore staffing. Here are the reasons why you should consider India seriously for your offshore team.
How offshore staffing in India helps you overcome challenges?
- Communication Barriers
There are linguistic and systemic barriers to communication. English is the language of global trade and Indians are very proficient in this language. This takes care of the linguistic barriers. Systemic barriers come when the offshoring team’s processes are drastically different from yours. Fortunately, Indian offshore staffing agencies follow global systems for their work and employee management. Hence there are no systemic barriers to communication either. - Managing People And Quality
India has a lot of experience with offshore IT staffing. These offshore staffing companies have experienced staff that can deliver work up to global standards. They also put a large number of skilled resources at your disposal. This makes it easy to find the team that fits your niche requirements. - Legalities and Regulations
Some countries unfortunately still put up barriers to international trade. India receives every such opportunity with enthusiasm. The job opportunities created by such partnerships help the country employ its educated workforce. So all legal regulations have been made easy for your company to follow. You can hire staff offshore from India with as much ease as your own locality. - Data and Cyberspace Security
India uses enhanced systems that are up to date with the latest security threats. This is essential for companies to maintain their business viability. These systems will be explained and put at your disposal so that there is accountability with data security.
Working in the new global market order requires a few tried and tested solutions. Offshoring is one such concept that is creating opportunities for everyone. You should also use offshoring judiciously to gain a competitive edge. Present your products and services to consumers across the world with a seasoned offshore team supporting your every endeavor.
