There are primarily four types of common offshore models used by customers which are: Build- Operate- Transfer: In this type, the company hires a vendor to do the initial setup of the location, hiring of the manpower processes set up, and takes care of the laws and regulations. It is done as per the company guidelines. The vendor manages the business for a stipulated time, post which the entire business is transferred to the parent company legally.
Dedicated Team Model - The company hires a team for a particular service or project with the help of a vendor in a non domestic location. The team is generally hired for IT development and projects, call centers, customer support centers, human resource, accounting, and other areas. This helps the company to focus on its core competencies.
Fixed Time Model - The company hires the offshore location for a specific time period or for a specific project. The billing is fixed for the entire time to be taken.
Time based Model -The company hires the offshore model for a specific task and hourly payment is done for the time taken to complete the project.