Outsourcing and global outsourcing are similar concepts but differ in location. Outsourcing refers to hiring a third party to perform tasks or services that would normally be handled in-house, often within the same country. For instance, a US company may hire a US-based virtual assistant to avoid language or cultural barriers. Global outsourcing, also known as offshoring, involves hiring individuals or companies in another country to complete business functions, often to reduce costs, access specialized skills, and improve efficiency. In this blog, we will explore the key reasons businesses choose global outsourcing along with its advantages and disadvantages.
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