The terms offshoring and outsourcing have been used interchangeably for some time now by both business owners and outsourcing companies alike. Both imply sending certain work offshore but there are slight differences between outsourcing and offshoring.
For instance, outsourcing involves sending any type of work to an external company or individual which you use on an ad hoc basis for your specific need only. Outsourcing has existed since time immemorial; when we required help with cooking, babysitting or gardening, we called someone to carry out this work for us.
However, outsourcing differs from offshoring in the sense that outsourcing does not occur across national borders but offshore outsourcing is another matter. Offshore outsourcing occurs when you send your work overseas to save on labour expenses and yet still aiming at getting good quality results.
It's important to understand the difference between outsourcing and offshoring because businesses confuse outsourcing with offshoring due to lack of knowledge hence sending their business offshore without undertaking proper research based on market statistics might lead them to huge losses which they can avoid if aware of how outsourcing works.
In this article, we’re going to talk about the advantages of outsourcing to the Philippines and how it can help your business stay afloat especially in these times