Cost | Higher salary, benefits, and overhead costs | Lower salary, reduced benefits, and overhead |
Control | Direct oversight and control | Indirect control, managed remotely |
Communication | Easier with face-to-face interactions | Potential challenges due to time zone differences and remote nature |
Hiring Process | Typically longer and more rigorous | Generally faster, access to a larger talent pool |
Cultural Fit | Easier to integrate into company culture | May require additional efforts to align with company culture |
Skill Availability | Limited to local talent pool | Access to a global talent pool, often with specialized skills |
Flexibility | Less flexible, full-time commitments | More flexible, can be hired on a project or contract basis |
Infrastructure Cost | Higher costs for office space, equipment, etc. | Lower costs, no need for physical office space or equipment |
Onboarding Time | Longer onboarding and training period | Shorter onboarding, often ready to start immediately |
Retention | Potentially higher turnover rates | Potentially lower turnover, especially with contract-based work |
Work Hours | Standard business hours | May work during different hours, depending on the time zone |
Legal and Compliance | Must comply with local labor laws and regulations | Must comply with both local and international labor laws and regulations |
Team Collaboration | Easier team collaboration and integration | Requires effective remote collaboration tools and strategies |
Confidentiality | Higher control over sensitive information | Requires stringent measures to protect confidentiality remotely |
Scalability | Slower to scale up or down | Easier to scale up or down based on project needs |
Response Time | Faster response and issue resolution | Potential delays in communication and issue resolution |
Employee Engagement | Easier to engage and motivate | May require extra efforts to ensure engagement and motivation remotely |
Overall Management | More straightforward with direct supervision | Requires effective remote management strategies and tools |
Cost Efficiency | Higher overall costs | Significant cost savings due to lower salaries and reduced overhead |