{"id":4643,"date":"2020-08-16T19:27:06","date_gmt":"2020-08-16T19:27:06","guid":{"rendered":"http:\/\/mvp.net.ph\/stagingmvp\/?p=4643"},"modified":"2020-12-16T00:35:29","modified_gmt":"2020-12-16T00:35:29","slug":"offshoring-different-outsourcing","status":"publish","type":"post","link":"http:\/\/mvp.net.ph\/stagingmvp\/offshoring-different-outsourcing\/","title":{"rendered":"How is Offshoring Different from Outsourcing?"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">Businesses around the globe are constantly looking for ways to improve efficiencies, reduce costs and grow their services. Unfortunately, there is never a simple solution to achieve all of these goals. However, there are a number of methods you could implement to start your path towards a healthy, growing business. One of those methods is utilising offshoring or outsourcing. The question then becomes, what\u2019s the difference and which one is better for my situation?\u00a0<\/span><\/p>\n<p>&nbsp;<\/p>\n<h3><strong>What Is Offshoring?<\/strong><\/h3>\n<p><span style=\"font-weight: 400;\">Offshoring means sending internal business processes to another country in order to execute work. Generally, organisations will hire a team \u2018offshore\u2019 to fulfil a department that they wish to grow. For example, call centres, customer support, accounting etc.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">There are a number of benefits offshoring can bring to a business such as;<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Rapid team growth and expansion<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Round the world talent acquisition\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">24\/7 service periods\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Up to 75% savings in overhead costs\u00a0<\/span><\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">It can be daunting switching to an offshore model for your workplace, however, the benefits speak for themselves. Like any business model, it\u2019s all about how you utilise every aspect of it and ensure team members are in a position for growth.\u00a0<\/span><\/p>\n<p>&nbsp;<\/p>\n<h3><strong>What is Outsourcing?<\/strong><\/h3>\n<p><span style=\"font-weight: 400;\">Outsourcing is the agreement between two businesses to complete a set amount of work. You could offshore and outsource at the same time and it be the same thing, for example, if you sent an internal project to your offshore BPO you would be outsourcing offshore. However, you could outsource work locally and that would just be referred to as \u2018outsourcing\u2019.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Generally, outsourcing doesn\u2019t refer to hiring a team or department full-time. Whereas, offshoring is more often the sourcing of an entire department or work function. Think of outsourcing as a short team and offshoring as a long term.\u00a0<\/span><\/p>\n<p>&nbsp;<\/p>\n<h3><strong>Which Method is Best For My Business?<\/strong><\/h3>\n<p><span style=\"font-weight: 400;\">Now that you have a better <a href=\"http:\/\/mvp.net.ph\/stagingmvp\/blog\/offshoring-vs-outsourcing\/\">understanding of Offshoring vs. Outsourcing<\/a>, it\u2019s important to evaluate which model is better suited towards your organisation. This is a completely subjective process, as every business varies in priorities and objectives. For example, if you\u2019re a business looking to significantly reduce overhead costs and keep quality, then offshoring is likely the solution for you. A checklist is compiled below to assist you in your decision making:<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Offshoring:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">I want to reduce overhead costs\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">I care about quality work and services\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">I feel comfortable providing briefs for a team\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">I want to expand our service hours\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">I want to grow rapidly\u00a0<\/span><\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">Outsourcing:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Overhead costs aren\u2019t too much of a concern to me\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">I would like to physically meet my team, often<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">I don\u2019t generally provide physical briefs for my team<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">We have no need to expand service hours<\/span><\/li>\n<li>I need someone working the same hours as me<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<h3><span style=\"font-weight: 400;\">Still have questions?<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">It\u2019s understandable to have additional questions about a new business model, that\u2019s why our team is fully equipped to handle all questions thrown our way. Feel free to contact our team here: <\/span><a href=\"mailto:info@findyourmvp.com\"><span style=\"font-weight: 400;\">info@findyourmvp.com<\/span><\/a><span style=\"font-weight: 400;\">.\u00a0<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Businesses around the globe are constantly looking <\/p>\n","protected":false},"author":1,"featured_media":4644,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"content-type":""},"categories":[19],"tags":[],"_links":{"self":[{"href":"http:\/\/mvp.net.ph\/stagingmvp\/wp-json\/wp\/v2\/posts\/4643"}],"collection":[{"href":"http:\/\/mvp.net.ph\/stagingmvp\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/mvp.net.ph\/stagingmvp\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/mvp.net.ph\/stagingmvp\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/mvp.net.ph\/stagingmvp\/wp-json\/wp\/v2\/comments?post=4643"}],"version-history":[{"count":3,"href":"http:\/\/mvp.net.ph\/stagingmvp\/wp-json\/wp\/v2\/posts\/4643\/revisions"}],"predecessor-version":[{"id":5167,"href":"http:\/\/mvp.net.ph\/stagingmvp\/wp-json\/wp\/v2\/posts\/4643\/revisions\/5167"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/mvp.net.ph\/stagingmvp\/wp-json\/wp\/v2\/media\/4644"}],"wp:attachment":[{"href":"http:\/\/mvp.net.ph\/stagingmvp\/wp-json\/wp\/v2\/media?parent=4643"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/mvp.net.ph\/stagingmvp\/wp-json\/wp\/v2\/categories?post=4643"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/mvp.net.ph\/stagingmvp\/wp-json\/wp\/v2\/tags?post=4643"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}