Outsourcing
A virtual team is a group of professionals who work together on common projects and goals but are geographically dispersed. Members of a virtual team collaborate using digital communication tools such as video conferencing, email, instant messaging, and project management software. Virtual teams are becoming increasingly common in today'
Outsourcing
An Employer of Record (EOR) is a third-party organization that takes on the legal responsibilities of employing workers on behalf of another company. This includes managing payroll, taxes, benefits, compliance with local labour laws, and other administrative HR tasks. The EOR allows companies to hire employees in different regions or
Outsourcing
Team extension, also known as the extended team model, is an outsourcing strategy where a company hires additional, external team members to work alongside its in-house team on a long-term basis. These external team members are integrated into the company's existing team and processes, functioning as a seamless
Outsourcing
Outsourcing is a business strategy where a company delegates specific tasks, functions, or processes to an external service provider. This approach can apply to various business areas such as IT services, customer support, human resources, and manufacturing. Outsourcing aims to leverage external expertise, reduce costs, and focus on core business
Outsourcing
A dedicated team is an outsourcing model where a company hires an entire team of professionals from a service provider to work exclusively on a specific project or set of tasks. This team operates as an extension of the client's in-house team, fully integrated into their processes and
Outsourcing
Staff augmentation is an outsourcing strategy where a company hires additional staff on a temporary basis to supplement its existing workforce. This approach allows businesses to bring in specialized skills and expertise for specific projects or periods without the long-term commitment and overhead costs associated with hiring full-time employees. Advantages
Outsourcing
Onshore outsourcing, also known as domestic outsourcing, involves delegating software development or other IT services to companies or contractors within the same country. This approach leverages the benefits of working within the same legal, cultural, and time zone framework, ensuring easier communication and collaboration. Advantages Onshore Outsourcing Ease of Communication
Offshore
Offshore outsourcing is the practice of delegating software development or other IT services to companies located in distant countries, often on different continents. This approach leverages significant cost savings due to lower labour costs in the offshore location, despite potential challenges related to time zone differences and cultural differences. Advantages
Nearshore
Nearshore outsourcing refers to the practice of delegating software development or other IT services to companies located in nearby or neighbouring countries. This type of outsourcing leverages geographic proximity, time zone similarities, and cultural affinity to facilitate more effective communication and collaboration between the client and the service provider. Advantages