SHRM: The Concept of Offshoring Research Assignment

Offshoring
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The concept of offshoring has been a steadily growing idea among most leaders in the corporate world. The article, offshoring found in Workplace Visions, addresses this concept well. Offshoring is the concept of taking a company’s operations to a different country that has lower operating costs due to its proximity to the raw materials needed for operations. It is a brilliant, innovative idea for most businesses, but raises a number of issues. It therefore becomes more of a double-edged sword.
With the increasing costs of running businesses in different countries, it becomes even more expensive to work in a country that is far from the source of raw materials. Offshoring therefore comes in handy as a method of cost cutting measure. However, it is also responsible for the loss of jobs for many people, especially in the countries of ori...