Getting Offshoring right - Myths, Rules and Benefits

Offshoring can be a powerful tool to supercharge your company’s growth. It’s not a magic bullet, but a well-planned strategy that can unlock a world of possibilities. However, many misconceptions surround offshoring Some believe it’s solely about cutting costs, while others fear a loss of control or communication challenges. But what are the actual implications of offshoring beyond the hype and hearsay? Insights from IMS People Possible.

The Truth about Offshoring

Let’s begin by examining the most common myths surrounding offshoring.

Offshoring is dirt cheap.

The costs are lower, but not when you compromise quality.

Offshoring is a quick fix.

Building a successful offshore team takes time and realistic expectations.

Offshoring is a turnkey solution.

Your business needs a customised plan.

Offshoring frees you of responsibility.

You’re still liable for the work your offshore team produces.

You can offshore your problems.

You need to understand and fix the issue before delegating it.

You can treat your offshore team differently.

They are an extension of your inhouse team – treat them with respect

Offshoring’s real value lies in cost-effectiveness.

It’s an investment in quality work, fresh ideas, and stability.

The Advantages of Going Offshore

Highly Educated Resources

You get a more educated talent pool on your team, increasing your chances of getting superior quality of work.

Stability

You do not have to be responsible for your offshore team’s appraisals and promotions

Focus on Core Business

You can delegate non-strategic tasks to your offshore team while taking up the core business tasks yourself.

Scale Sustainably

As your business expands, offshoring allows you to upscale and downscale your business without incurring additional overhead costs or bearing the bitterness of layoffs.

Unbreakable Rules of Successful Offshoring

Clarity of Purpose

Clearly define outsourcing goals for business improvement.

Committed Leadership

Ensure unified commitment from leadership and team members for success.

Communication is Key

Prioritise effective communication and vigilance in team interactions, whether onshore/offshore.

Choose the Right Partner

Select partners carefully through recommendations and references.

Realistic Expectations

Set realistic expectations aligned with internal benchmarks.

Detailed Implementation Plan

Develop detailed implementation plans equal to internal induction standards.

Create opportunities to Integrate

Foster integration through regular team interactions and training

The final word on offshoring

When done strategically, offshoring can be a powerful tool to propel your business forward.

By understanding the realities, dispelling the myths, and following the unbreakable rules, you can unlock a world of talent, achieve greater efficiency, and focus on your core business.

IMS People Possible knows how to help you get offshoring right and avoid its common pitfalls. Need a hand?

Contact Mradula “Mandy” Palore; mradula.palore@imspeople.com for a free consultation.