Training and Development: Key Difference in Outsourcing vs. Offshoring
Outsourcing vs. offshoring has been a long-standing and dynamic debate in the business world. Both strategies involve delegating or moving work-related tasks or functions to external entities, but their fundamental differences lie in the location of these entities. Outsourcing entails contracting tasks to third-party companies or even individuals, while offshoring involves delegating entire work processes to foreign companies, typically in countries with lower labor costs.