Nearshoring vs. Offshoring Infographic
Do you know the benefits of Nearshoring? We define what Nearshoring means and the benefits it can bring to your business in terms of costs and quality of products in this nearshoring infographic.
Nearshoring offers the geographical proximity and cultural affinity that companies need to reduce costs, produce top quality solutions and foster strong relationships. In return, it can produce better outcomes for your organization.
This infographic includes:
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Global hourly rates per job title in different locations
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An outline of the benefits of Nearshoring
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The most striking difference is the higher level of collaboration enabled by nearshoring – you share the same workday hours and time zone as outsourced team members. Close proximity of nearshoring countries like Ecuador, Colombia and Mexico make travel easy for in-person meetings – another real advantage. A good nearshore partner will also deliver the English fluency and cultural affinity that enable a great working relationship with your US-based staff.
In contrast, offshoring can be characterized by poor and ineffective communication due to long travel distances and extreme time zone differences. Who wants to be on work calls at 11 pm? Who wants to wait a day for an answer to a quick question? Time zone differences are a major hurdle for collaborative, agile development. Poor English fluency and cultural differences can compound a frustrating experience. Sometimes things get lost in translation. Can you relate?
Why do people choose offshoring? The biggest driver for offshore outsourcing is typically lower hourly rates. The cons of offshoring, however, are significant, often requiring increased administration attention and longer cycle times.
