Episode notes
Episode Notes: Offshoring to a Developing Nation with a Dual Labor Market
Read more- Introduction:
- Today's Focus: Navigating the challenges and opportunities of offshoring to countries with both formal and informal labor sectors.
- Background: The rising trend of offshoring and why companies choose this route.
- Understanding Dual Labor Markets:
- What are they? A glimpse into the formal and informal sectors present in many developing nations.
- Formal Sector: Governed by regulations, offers better wages and benefits.
- Informal Sector: Unregulated, usually consists of smaller entities offering lower wages with few to no benefits.
- The Challenges:
- Decision Making: Deciphering between the benefits of the formal sector ...