With the usage of information technology as communication devices remote working has become achievable and can easily replace on location jobs in most of the cases. As a result of this many organizations are opting for offshoring to increase their profit margin or to reduce the related cost significantly.
This has both the good and bad consequences for people in affected area depending on who they are. Offshoring is mostly popular as a result of cost factor, which in turn results outsourcing the services or operations to a geo location where labor cost is comparably cheap. This obviously creates new job opportunities in the destination market but in expense of the job loss in the home market. This as a result can increase the economical and financial benefit of the destination market from where the tasks are performed. At the same time it also increases the dependency for the workers to get the employment from another economy, which sometimes can change with simple change in international policy, change in business environment or international relations.
In addition, the host organization providing the jobs can benefit from the outsource of low and semi skilled jobs in a fraction of the cost allowing new company to establish easily eventually creating more opportunities for the local people.
A major downside of this can; however be that the manpower of the country performing the outsourcing jobs will be investing their time and effort to elsewhere rather than using such resources to develop their own country and community.
