7 Big Misconceptions Firms Have About Overseas Offshoring

Despite the popularity of offshoring or hiring staff abroad, there are still some misconceptions about it.

In this episode, I share 7 major myths firms have about overseas offshoring that I’ve been witnessing.

Listen below.

0:29 With my Xen Accounting firm, I had a team that was coast-to-coast in Canada. Now, with Future Firm, I lead a truly global team of around 15, spanning across different timezones.

1:05 I often encounter misconceptions about offshoring talent overseas. Many firm owners misunderstand it.

1:16 The first big misconception is the tendency to ignore cultural differences.

2:21 The second misconception is assuming clients will care about collaborating with offshore team members.

2:46 Third is thinking of their offshore team as different from their onshore team.

3:04 Believing that offshoring is solely about cost savings is the fourth big misconception.

3:43 Fifth, firm owners often fear security issues when offshoring overseas.

4:10 The sixth big misconception is the belief is that offshore team members will be plug-and-play and automatically get the work done.

4:44 Finally, many believe that hiring someone overseas means they’ll be able to handle every task.

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7 Big Misconceptions Firms Have About Overseas Offshoring

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