Rightshoring

The right way of offshoring jobs





What is rightshoring: The concept of rightshoring is new in the world of business. It is a great combination of the cost benefits produced by offshore projects with the services provided by any company. It is actually a mixture of offshoring, outsourcing, nearshoring, two-shoring, global sourcing, insourcing and multi-sourcing.



Reasons behind the popularity of the concept: Rightshoring became popular since the myth associated with 'offshoring' was dispelled. Earlier offshoring was extremely popular. The reason was cost saving by employing workers in a low wage economy. But it became unpopular when companies started disliking the idea of constantly coordinating with foreign operators. Many companies were criticized for abandoning the workforce just for the sake of saving money. Both these reasons combined to give birth to righshoring which is actually creating equilibrium between jobs sent overseas and jobs performed locally.





Knowing the concept of rightshoring: With so much popularity of rightshoring you might be wondering whether it is right for your business or not. Well then it is better that you go through the whole concept of rightshoring properly. There are some basic guidelines that you need to follow if you want to be successful in rightshoring.





The guidelines are as follows:



• An important aspect of rightshoring is outsourcing. But you would only outsource the non critical as well as the non core business processes.

• Offshoring is another important aspect. You should only offshore those products which are time-consuming so that you can save both time and efforts.

• Go for outsourcing those processes in which you are not expert

• You should also outsource processes only when you want to save operating costs

• For insourcing, only accept those processes for which you have adequate expertise, skill and experience

• Always insource only that work in which you are confident that you will do well.

• In order to exercise control, always remember to insource your core business processes.

• You should multi-source processes to the provider who has the required expertise and experience in that particular area.

• Always multi-source the business processes to the right type of service provider and the right nation.

• You should nearshore the processes in business that require your constant and immediate attention.

• Nearshore those business processes that the outsourcing providers will not be able to do.

• If you do not want to deal with cultural differences, then always nearshore the proceses.



Step into Rightshoring to give your business a competitive edge and to stay ahead of your business competitors at all times!



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