Just like everything else in the world, companies live in constant evolution. Regardless of the size of a company, the search for efficiency is a continuous priority. Organizations are constantly searching for trends, methodologies, and models that allow them to operate more efficiently, reduce costs, and increase profitability. Different nearshoring services can help you outsource a company’s production, entrusting part of its operations to specialized third parties depending on the industry you are looking for, but with the unique advantage that they are located in nearby destinations.
There is often a belief that nearshoring services are minimal, which means moving operations to another country. Still, the reality is that nearshoring services can offer you much more than you think, especially in today’s globalized business landscape. Currently, according to a July 2022 study by the Inter-American Development Bank (IDB), nearshoring could add US$78 billion annually in additional exports of goods and services in Latin America and the Caribbean in the short and medium term, indicating that it is a strategy that is on the rise.
Nearshore locations often share geographic boundaries and offer unique advantages that make this strategy valuable in various industries. But what services does nearshoring encompass? In this blog, we’ll explore nearshoring services in detail, giving you an in-depth look at how this practice can transform and empower your business.
You might also like: Soft Landing In Mexico: Your Ultimate Nearshoring Guide
Misconceptions of Nearshoring
As previously mentioned, nearshoring is a business strategy of outsourcing services and industrial processes to countries close to, or located in the same geographic region as, the contracting company.
When we talk about nearshoring, many usually associate its services with marketing or administration; a curious fact is that nearshoring services can cover b such as civil engineering or architecture, offering jobs to civil engineers, architects, project manager engineers, or CAD operators.
Having a nearshore partner can give you an advantage over your competitors since delivery times can be accelerated, and there will be greater peace of mind due to the proximity between the countries involved.
Advantages of Nearshoring
- Cost reduction: you can obtain high-quality services at a lower cost than in your home country.
- Access to quality talent: having the possibility of having the highest quality talent at a much lower price.
- Cultural and time proximity: Sharing cultural similarities and working similar schedules are essential for effective collaboration. They significantly reduce communication barriers and facilitate coordination, decision-making, and strong relationships with partners and suppliers in the nearby country.
What services does Nearshoring offer?
Nearshoring is a business strategy that companies use to reduce costs while maintaining the high quality of their operations. The process involves relocating certain business processes to a foreign country that is geographically close. Nearshoring offers many services that can benefit various industries. Let’s take a look at some of the industries that can benefit from nearshoring services:
Engineer
In engineering, some of the most requested positions are Project Engineer, Project Manager or Estimator, which can be performed remotely. This helps companies to have a specialized team at a lower cost.
Believe it or not, having an engineer working remotely for you is not as far-fetched as it may seem. Contrary to common belief, the feasibility of a remote engineering role is more attainable than ever. In particular, a Project Manager’s multifaceted responsibilities make remote collaboration possible and highly effective.
The role of a Project Manager is intricate and goes beyond conventional expectations. Primarily, their responsibility revolves around meticulously overseeing the various facets of construction activities. This involves tracking the progress of the project and coordinating the efforts of the entire team to ensure seamless workflow.
Technology plays a crucial role in ensuring effective communication and collaboration in remote work environments. Project managers rely on advanced project management tools, virtual communication platforms, and real-time collaboration software to bridge the geographical gap between team members. These tools enable them to stay connected with engineers, architects, and other stakeholders, fostering a cohesive work environment.
Architectural
Architectural designers and CAD operators are among the most sought-after job positions in Architecture. However, in recent years, many construction companies have realized they can achieve the same excellent results by hiring remote teams.
If you are looking for a nearshore partner, ensuring that your required job positions are filled is crucial. If you need a 3D or BIM modeler, you should be particular about how your team will function.
Administration
Administration is an area that needs a lot of qualified personnel, with the most requested positions being customer service, virtual assistant, secretary, or data entry
Supervising a business or organization demands a cadre of highly qualified personnel with a spectrum of roles that cater to diverse operational needs. In administration, several key positions are consistently in high demand. These sought-after roles encompass customer service, virtual assistants, secretaries, and data entry specialists, each playing a pivotal role in the seamless functioning of an entity.
Customer service professionals stand at the forefront of any successful business, serving as the direct interface between the organization and its clientele. Their role extends beyond resolving queries; they foster positive customer relationships, ensure satisfaction, and contribute to brand loyalty.
Virtual assistants have become indispensable in the modern business landscape. These professionals leverage technology to provide remote administrative support, handling tasks ranging from scheduling and email management to research and project coordination. Their versatility and adaptability make them invaluable assets in optimizing workflow efficiency.
Sales
For companies it is essential to have a good sales team, currently, many positions such as lead generation, international sales, and eCommerce support are covered by remote teams, as well as Outside and Inside Sales and executive assistant positions.
Paralegals
As we all know, legal proceedings can be complex, which is why paralegals are crucial in assisting lawyers with research and the preparation of legal documents. QC paralegals executives and legal secretaries also ensure that quality is maintained throughout the legal proceedings. Other important roles such as case assemblers, filing and clerical clerks, QC Paralegal Interviewers, paralegals, and attorneys provide essential support for an efficient and orderly legal practice.
Accounts and Finance
In accounts and finance we talk about the management and monitoring of a company’s assets, liabilities, and cash flow is essential for making sound financial decisions. With the advent of globalization, many of these roles can be done remotely, including accounts receivable and accounts payable clerks, who are responsible for keeping records of financial transactions.
Accountants and auditors ensure financial accuracy and compliance, while financial analysts provide strategic information. Accounts receivable controllers play a vital role in overseeing the company’s financial management.
Marketing
Marketing is one of the favorites of nearshoring and you can find the talent of all specialties, from social media specialists, graphic and website designers, and copywriters, or better yet, build your marketing team by hiring people who are also in charge of content moderation, marketing managers or market research analyst.
Human Resources
We understand the importance of having a competent team of employees for the smooth functioning of a company. In order to achieve this, it is often helpful to outsource a team of human resources specialists or Compensation and Benefits Analysis Specialists who can help in selecting the right candidates and improving the overall operations of the company.
IT
With the world becoming more and more digital, companies are increasingly turning to remote teams to meet their IT needs. To ensure technical excellence and constant innovation, most companies are looking to create remote teams that are highly trained in various IT positions such as Software Development, Database Administration, Website Development and Administration, Cybersecurity, Data Analytics, and Mobile Application Development.
This allows companies to access a wider pool of talent while also reducing costs associated with physical office spaces.
You may want to know what nearshoring services we can offer you with Intangibles Talent. Did you notice some jobs in bold? These are some of the talents we can provide you with.
We are your Nearshore Partner!
Nearshoring is an excellent opportunity for small and medium-sized companies to optimize operations, reduce costs, and access new markets. It’s essential to choose a qualified partner when starting in the nearshoring world, which is why our team of experts at Intangibles Talent focuses on offering customized solutions tailored to the specific needs of each company.
If you have any questions or want to discuss how we can help your company succeed through nearshoring, please don’t hesitate to contact us.