Nearshore Outsourcing Definition
What is Nearshore Outsourcing?
Have you heard of the term nearshore outsourcing? Do you know what it means to you and your business? Knowledge of this model of outsourcing would be helpful to you if you are thinking about outsourcing a business process and you are not sure which type of outsourcing models to use.
The definition of nearshore outsourcing
You are already aware that the term outsourcing refers to the process where you assign a specific project or business process to an external team to perform it on behalf of your company instead of hiring directly.
Nearshore is a term used in outsourcing to refer to the closeness in proximity of a company that requires outsourcing services and the provider of such services. From the term ‘nearshore’, you can see that the main idea is ‘closeness’.
Therefore, nearshore outsourcing is the assigning of a business process or project to an external company or a team located in the neighboring countries.
Factors that define nearshore outsourcing:
Geographical closeness: You have to be geographically near a country from which the outsourcing company is coming. Typically, the outsourcing company and the clients are in two neighboring countries.
Time zone: Nearshore outsourcing involves cooperation between two companies who are in the same time zone.
Language and culture: Ideally, a nearshore outsourcing company shares the same language and culture as that of the company that is seeking the outsourcing service.
Now you know the definition of nearshore outsourcing. So, if you still have questions or would like to know the options you have for nearshore outsourcing, kindly contact us today.