Nearshoring Offshoring Operational Costs Payroll 
Magellan Solutions
MARCH 13, 2024
Did you know companies embrace offshoring and outsourcing to improve efficiency and cut costs? However, when it comes to the offshoring vs outsourcing debate, it’s crucial to understand the distinction between these two approaches and decide which best aligns with your business’s needs. What is Offshoring?
Magellan Solutions
MAY 6, 2024
According to a study by the National Association of Professional Employer Organizations (NAPEO), companies that outsource their HR functions can see an average cost savings of 27.2% – a significant return on investment! Nearshore Outsourcing Nearshore outsourcing combines onshore and offshore outsourcing.
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Pure Moderation
OCTOBER 31, 2022
Save On Costs. Business process outsourcing brings substantial cost savings for businesses. For example, in-house functions, such as payroll, hiring, and customer service, require high overhead costs. But such costs are minimised with outsourcing. Offshore and nearshore outsourcing are two popular options.
Magellan Solutions
MARCH 19, 2021
Customer service outsourcing is a process wherein you are transferring the client support operation to a third-party company. This company can be near your business (nearshore) or outside the country you are operating (offshore). As mentioned, offshore and nearshore are two types of outsourcing. Legal Firms.
Premier BPO
JUNE 1, 2021
When you outsource to typically low-cost international locations with additional redundancy; it is called offshoring. Contracting to regions nearby for cost reduction or talent expansion is termed nearshoring. Back Office services may consist of but are not limited to: Payroll and Accounting.
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