Research by Deloitte illustrates that 59% of companies that outsource can effectively cut their costs, thus improving bottom lines. Of the various outsourcing methods, nearshore outsourcing has seen phenomenal growth over the last few years.
If your company is like most in today’s marketplace environment, keeping up with your competition requires ongoing digital innovation in the products and services you offer, or at the very least, in your own internal operations.
Outsourcing as a business practice has gained momentum over the last few decades. With the spread of globalization and digitization, companies in the US have been able to outsource certain functions to other countries.
Whatever the particular driving force may be, you face a choice. Hire new employees who are only needed for a short time or for a particular project, or bring on board temporary workers who have the required skills.
Directors and managers always deal with the same dilemma: How should we approach this new project? Should we use staff augmentation or project outsourcing? They are continually dealing with project deadlines and working under a budget.