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One of the primary advantages of offshore outsourcing is its cost-effectiveness compared to onshore or nearshore models. This stems from the lower laborcosts prevalent in many offshore destinations. Fixed price offers budgetary certainty but may lack flexibility. However, this approach is not without its challenges.
Lower costs and/or cost-cutting as well as higher efficiency levels are a few of the benefits. Skilled workers are easier to find and hire and laborcosts may be lower. Nearshoring allows for a higher level of flexibility in the workforce and team. These benefits produce and encourage more benefits.
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