What is Offshore Recruitment and what are its Benefits and Realities
The workplace is not an insulated space. In the globalized world that we live in, global hiring trends show a tendency to offshore hiring practices. And when the statistics come to light, it’s not a surprise that this practice is gaining growing traction. According to a study, almost
“…70% of business recruitment expenses are cut off due to effective offshore practices.”
But since these savings statistics depend on a range of factors, it can be quite difficult to work out. To help companies assess the potential savings from offshoring, DigitalHire has developed a user-friendly Offshore Hiring Savings Calculator. Just plug in the country you want to outsource in and job specifications and it will estimate the potential cost reductions associated with offshoring your operations.
But before we jump into other things, let’s define our terms first: What is offshoring?