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Many of my clients are looking to hire or have hired their offshore teams – solely to reduce cost and improve efficiency. I have seen many junior team members in Singapore/Hong Kong who are slowly being replaced by offshore teams to reduce administrative/back-end duties. It would definitely reduce cost, but the question is:
 
- How much time would it take for offshore team to familiarise themselves and how long would the team take to mentor/coach? 
Thinking back, during my PwC days, many seniors and I spent plenty of time figuring out how best to coach and give instructions to the offshore team as it could be difficult due to the time difference, not being able to speak f2f, language barrier and clash of public holidays with working days for example. I used to dislike getting assistance from offshore teams as I could complete the work / task on my own, saving time for reviewing and coaching in the process.

- How would you utilise the saved cost? 
If the saved cost is going to be sitting in your P&L, would this be sustainable approach? Would it be more helpful if you invest it into projects that could automate and streamline the process?

- In the future, would it then be more difficult to hire experienced staff (plug & play) when there aren’t many companies willing to train/mentor inexperienced graduates/mid-career switch joiners? 
 
You can reach out to me for a confidential chat on any insights including any potential hiring for probably in the FinTech space (e.g. software developer, programmers), Funds Partnership has its own arm of tech specialists to assist you in your search of tech team.

Feel free to connect with me and of course, coffee is on me!