outsourcing

11 Reasons Why More and More Companies Outsource

 

Outsourcing, or offshore staffing, is hiring people from other locations to reduce total wage costs with the same expected results for specific services. Today, it is an essential business plan, as small to large businesses benefit from outsourcing.

It has been a common practice since the 80s, and countries like China, Philippines, and India has been the top countries where companies outsource their staff.