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Offshore software development involves partnering with development teams located in different countries, often with the dual objectives of reducing costs and accessing a diverse talent pool. One of the primary advantages of offshore outsourcing is its cost-effectiveness compared to onshore or nearshore models.
Offshoring and outsourcing are similar in that both use outside parties to carry out other business-related duties. Offshoring, however, entails hiring a business in another country to carry out the work for them. Additionally, outsourcing is a great way to recession-proof a business when times get tough.
For US companies that outsource offshore, one of its greatest benefits is additional support during recessions. While you can always outsource within your territory, a growing number of companies find it more effective to do it offshore. In fact, a lot of key industry players are taking advantage of offshore outsourcing.
These HR services were carried out in delivery centers in Manila, Bangalore, Bucharest, Curitiba, Dalian, and Prague. In 2002, the financial giant signed a 10-year contract worth $700 million with a human resources outsourcing company. It is one of the pioneers of the offshoring process in its industry. L’Oréal.
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