What Reasons led to HSBSs Offshoring Policy Free Essay Example, 1500 words

Offshoring is mainly done for the jobs relating to research and development of the specified industries and their business research. labor available in the UK and other European countries is quite expensive compared to the labor available in countries like China and India. Many people have expressed their concern over the effect of offshoring on the domestic economy and domestic productivity of UK, but this concern has not quite affected one of the largest financial service providers in the country. In fact, the extent of offshoring has been increased by HSBC to reduce their fixed and variable costs of production. First, a financial service provides generally gets the opportunity to of investing in global securities by adopting the path of offshoring. Very often many top performing securities are not available to the citizens of the UK and thus the investors of this country generally do not get the option of investing in these securities that provide lucrative returns. But offshorin g makes it possible to make these global top performing securities accessible to the investors. (Clark, 2009; a banking service provider that opts for offshoring becomes able to provide its banking account holders with the opportunity of accessing all those banking products that would not be available otherwise in the domestic market. We will write a custom essay sample on What Reasons led to HSBS's Offshoring Policy or any topic specifically for you Only $17.96 $11.86/page Offshore banking services have obtained very high reputation with respect to its operation. Offshore banking services have been highly trusted for a number of decades on account of asset protection.