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Offshoring and the global labour market

Today, organizations see the substitution of foreign for domestic labour, a practice known as offshoring - as a tool to reduce the costs of doing business. More importantly, offshoring achieves a broad range of strategic goals, such as flexibility and access to expertise, that can transform also-ran companies into high-performing sector leaders. Offshoring also benefits the economies of all countries involved, injecting them with new energy, new ideas and new buying power. This report discusses the pivotal role of offshoring in human resources, and the benefits it can bring companies that adopt the proper approach. Rather than sacrificing expertise, Adecco research shows companies that transfer jobs to offshore locations actually build their process capabilities and improve the process of their business. Offshoring also delivers considerable economic advantages to the workforce of the country transferring the work and the country that receives the jobs.

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• Posted in
• Outsourcing, Business Strategy

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