Offshoring – Borderless Human Capital
The Rise of Borderless Human Capital
Globalization, technological advancements, and competitive pressures have fuelled the trend to outsource non-core functions of a company to alternative locations at a more economical cost to reduce labour expenditures. The availability of many offshore suppliers that specialize in common functions that can provide higher productivity than in-house staff has made this model very appealing to businesses. Moreover, this leaves a modular organizational structure that allows the business to focus on core competencies and skills to become further specialized at the processes that truly add value to operations and more importantly corporate goals.