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2: Lower-cost offshore or nearshore resources for back office activities can help offset rising costs of recruiting new talent. That’s why PrismHR has focused its efforts on efficiency and analytics as we’ve seen with the release of the PrismHR Data Warehouse. Wendy Katz Questco No. While we are not advocating for eliminating U.S.
A better strategy is to procure labor from a combination of sources — just as companies obtain materials from a mix of onshore, nearshore and offshore. Whether seeking the fastest, the cheapest or the most reliable method of sourcing labor, think about which metric you want to optimize. Record metrics and guideposts. Is it cost?
But to comprehend the full breadth of causes, I will place shared services models in three categories: Waste-for-Less models focus on performing current activities cheaper, usually through a combination of labor consolidation and geographical relocation of activities (offshoring, nearshoring, “ruralshoring,” etc.).
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