User:John leishman/sandbox

Expatshoring

Definition
Expatshoring is a term that implies "the transfer of business or IT processes to companies in a nearby country, often sharing a border with your own country",[1] but in the case of expatshoring the people doing the work in those nearby countries are expats and not local residents. Businesses can benefit from the traditional incentives of nearshoring (lower wages, geographic proximity and similar time zones) with the extra benefit of working with highly qualified colleagues who have the same accent and shared cultural linkage. Both parties benefit from this arrangement, as the businesses spend less money on wages, in line with the lower cost of living in nearby countries, and expat recruits earn above the average local salary.

Overview
Expatshoring is a derivative of the business terms nearshoring and offshoring. The most common countries linked by expatshoring are currently the United States and Canada, linked to expats in nearby Mexico. The opportunities however are great and it is expected that soon businesses in UK will be linked with expats in nearby countries such as Spain, Portugal and the Czech Republic, and similarly that businesses located in Australia will be linked to expats living in Thailand and throughout South-East Asia.

To Business
The benefits of expatshoring are primarily the ability to employ top qualified compatriots, while reducing staff salaries by a minimum of 50 per cent. This saving comes from the lower cost of living in neighbouring countries such as Mexico, as well as savings of extra expenses such as additional office space, computers, printers, stationary and payroll remittances.

To the environment
There are huge reductions in carbon output to be made by changing the way businesses operate and utilising the benefits of Teleworking. For example a reduction in commuter traffic and the associated pollution, more efficient home air-conditioning and no disposable lunch containers or coffee cups.