In our last (brilliant and informative) blog, we talked about the differences and similarities between Offshoring and Outsourcing. And we introduced the (brilliant and informative) concept of Yourshoring, which is a term we at TurnKey have coined to describe what we do (we make it all about YOUR product, YOUR team, YOUR deliverable, YOU get the picture).
What’s that? We had you at hello? Awesome. Call turnkey and let’s start building a yourshore solution today.
In this post, we’re going to demystify a couple of other means of business process outsourcing in the tech industry. You already know Offshoring—now meet his first cousins, Nearshoring and Onshoring.
Nearshoring is a more recent term, born when sourcing tech talent in Latin American countries became a thing for U.S.-based companies. Latin America is relatively new on the scene, and utilizes the Nearshoring term to differentiate itself from its Eastern European and Asian-based competitors (though note that places like Ukraine and Romania would be a nearshore option for a Western European company). It’s geographical proximity makes the time zone difference less of a beast to tame, but of course, that depends on where you’re based.
Offshoring is the OG process of sourcing tech talent outside of the United States. Initially India was the shore of choice, not surprisingly because of lower labor costs and because their English-speaking skills were nearly as good as their technical support. India was such a solid go-to that Offshoring became synonymous with building IT capabilities, first in Asia, and eventually in Eastern Europe.
Onshoring is—you guessed it—the process of sourcing talent in the IT industry within domestic borders, ie, right here in the good ol’ US of A. We’ll get into the yays and nays in a minute, but the obvious boxes that are checked for those who choose this route are that the software developers speak the same language, the time zone issue is significantly reduced or eliminated altogether, and there is an inherent cultural familiarity.
Ready to trade in near, off, and on for a one-stop shop: yourshoring.
In a perfect world, there would be enough developers to go around and you could hire the perfect talent where you live whenever you needed to. LOL. In the real world, SaaS companies go where the talent is—everywhere.
If you’re well-funded (and super patient), wait until you can find that diamond in the rough a couple of states over. If not, the other options are good ones, too. Based on the pros and cons above, how far you throw your dart is highly dependent on your product, your team, and your comfort level with things like distance, time zone issues, and language barriers. If your hiring manager has had good luck with one or the other before, maybe you go with what you know and find success again. Maybe you don’t.
Remember, location is just one piece of the puzzle. It should never drive your strategy. Wherever you are, and wherever your tech team is, TurnKey’s model ensures you get a high-functioning development team who fits your needs like a glove.
TurnKey has your back and knows your pain points: We handle legal & compliance, recruitment, payroll and accounting, and every additional service that is vital to your success:
We’ve noodled the heck out of this industry. We’ve lived it, worked it, evaluated it…and now, we’re changing it. In this age of global, borderless collaboration, the companies that will win are the ones who can lower their cost while continually raising the bar. You can only do that with teams that embody your values and live your culture. You can only do that with Yourshoring.
If you’re still reading this, you’re beyond ready to dial. Call turnkey and prepare for greatness.
To sum it all up, you have options. Think long and hard about what your product needs, what you’re willing to invest, and what frustrations are worth the struggle. We’re happy to help you navigate the waters lapping at every shore: Near, Off, and On. But we think you’ll land with a Yourshore solution—one that allows you to preserve and grow your culture, while being cost-effective, productive, and wildly successful.
If you hire a team in Brazil because the time zone works for your company, you like the cost savings, and your in-house tech manager is bilingual, you’re Nearshoring.
It means just what it says—you’re hiring a team at a shore near you. Latin America is closer to the United States; Ukraine is closer to Britain..
Offshoring is the lower cost solution that is the farthest away from the U.S. (Eastern Europe or Asia). Nearshoring is closer (nearby) in Latin America. Onshoring is hiring on your own “soil” so to speak—that’s when you find a team in your own country.
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