Nearshore as a business practice has gained momentum over the last few decades. With the expansion of globalization, companies in the US, Europe and LATAM have been able to outsource certain functions to other countries. Many companies benefit from the advantages of nearshore outsourcing. Onikom identified this problem and we decided to explain the 3 main benefits of nearshore.
Three advantages Of Nearshore Outsourcing
When it comes to nearshore outsourcing, especially of software development jobs, companies stand to gain a lot from the process. Some pertinent benefits of this model of outsourcing are as mentioned below.
1.- Resource Availability
One of the challenges for companies in the software industry is finding talent. Nearshore takes care of this problem by enabling companies to have access to the global pool of talent.
Along with the right talent, businesses can also take advantage of the infrastructure and technological capabilities of other countries through nearshore outsourcing. This allows companies in the US or Europe to build robust and essential IT services and products without compromising on the quality.
2.- Lower Engagement Costs
With the nearshore outsourcing model, companies gain access to the affordable global pool of resources. This ultimately allows businesses to effectively reduce their engagement costs and offer their products at a reasonable rate to their customers.
3. Cultural and Geographical
The pivotal feature of the nearshore outsourcing model is the geographical proximity to the parent company’s location. This essentially means that the teams operate with a lesser time zone difference. It makes it feasible for team members to collaborate easily and even travel, if at all necessary.
Another important advantage of nearshore outsourcing is that because the companies are usually in neighboring countries like Canada or Mexico (in case of US organizations), there is a certain cultural affinity. This results in similarities in language, working styles, and other cultural aspects, making the overall process more manageable.
The proximity of time zones and similarities of language offer open and effective communication channels between the company and its vendors. Easy communication is crucial for improved collaboration and development of products.
When companies outsource their services to a distant country through the offshoring model, they often face issues concerning cultural differences and language barriers. However, the nearshore outsourcing model takes care of these issues, thus providing a cohesive working environment.
One of the most effective ways to implement the nearshore model is to take the help of professional services and solutions. At Onikom LLC, we understand the needs of companies and create solutions that can help them with requirements acquisition of talent.