@adminide-stack/clock-tik-browser 12.0.18-alpha.0 → 12.0.18-alpha.2

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+---
+slug: best-freelance-invoice-template/
+title: Everything You Need To Find the Best Freelance Invoice Template
+authors: sana
+tags: [Business]
+---
+
+One of the most important things that most freelancers probably don’t focus on, considering it useless, is invoicing. However, every freelancer should maintain an invoice as the benefits of invoicing one cannot afford to miss; some are as follows:
+
+- It makes the basis of filing taxes
+- It keeps a record of financial information
+- It gives a sense of professionalism
+- It gives protection in terms of the content of your project etc.
+
+When freelancing, imagine that with every job you are also hiring yourself as your own accountant. If you are new to the concept of invoicing then don't you worry as after reading this article you will know what to include in an invoice and how to make a perfect invoicing template.
+
+## The Ultimate Guide to Creating an Invoice:
+
+Creating and managing invoices is a whole separate field, with complex literature and ways that only an accountant may know. But, there are a few basics that everyone must know and follow, which are as follows:
+
+**1. The Freelancer's Information:**
+
+An accountant should be able to get all required information about you, from the invoice alone. So the information about you on the invoice holds priority and should be completely legit, with the following fields:
+
+- First Name,
+- Last Name,
+- The company you operate under,
+- Email,
+- Address,
+- Phone Number,
+- Any other information that may be required for your services.
+
+The information should be complete enough for the accountant to be able to contact you in case of any questions or problems.
+
+**2. The Client's information:**
+
+The client that you are serving and invoicing the services to should also be mentioned on the invoice. The client's information includes (but not limited to):
+
+- The client's Company name,
+- Company's Address
+- The person who authorized your transaction.
+
+All this information will speed up the whole payment process by contacting the person in question with the details provided in the invoice.
+
+**3. Date:**
+
+A date is mandatory on an invoice as it tells when service was completed and also when the payment is due. It serves as a security and also speeds up the whole payment process for the freelancer, in case of late payment, as late payments are usually charged with penalties.
+
+**4. Terms of payment:**
+
+Terms of payment hold very important conditions from:
+
+- Payment penalties,
+- Payment due date (net-30, upon receipt, etc.),
+- Terms for when penalties might occur
+
+The conditions answer all the how, when and what to charge questions for an accountant.
+
+**5. Invoice number**
+
+This is another easily missed but important piece of information. It helps in managing all the invoices and keeping track of them in the system. A special numbering scheme may also help avoid frauds and scams. There are even cases in which invoices are rejected just because of a missing invoice number.
+
+**6. Project Requirements:**
+
+A brief description of the project and its requirement must also be mentioned, as it can help in the billing of the invoice. This serves as insurance that the required services were provided, and the amount being charged is per the requirements set.
+
+**7. Tax Information (OPTIONAL)**
+
+Usually, freelancing companies requires Tax information from the freelancers in one of the following two formats:
+
+- Tax ID
+- W-9 form
+
+However, in the case of the freelancer being a sole proprietor, there is no need to mention the SSN on every invoice. However, in the case of the freelancer being registered as an LLC, a tax ID is required. However, in the end, this all boils down to the freelancer, whether he wants to or doesn't want to include the tax information.
+
+**8. Payment method**
+
+Each company has its own sets of preferences on the type of payment method they use for payments. It is preferable if the freelancer can list down all the methods through which he accepts payments, then the company can choose the one it prefers. It is also possible to link the invoice with a credit card process, PayPal, or other similar services.
+
+**9. Be Grateful:**
+
+Everyone likes when they are being treated politely and with respect. It also helps in creating a positive image. So try to insert a fancy “Thank You” note at the end, showing that you are grateful to the customer for his/her continued patronage.
+
+The above rules are what make an invoice complete, and should be followed for a perfect invoice. Try investing some time once in this, and you will always be thanking yourself for your time in the future.
+
+## What features should a Perfect Invoice Template for Freelancer have?
+
+Whenever you are searching for an invoice template, make sure it has the following features:
+
+**1. Covers all the Basics of an Invoice:**
+
+This one is a no-brainer as a good invoice template should have all the above-described fields in the template, and even if it doesn't have all of them, it will allow its user to edit all those fields himself. The invoice should have all these fields (but not limited to):
+
+- Freelancer's information,
+- Client's information,
+- Invoice Number,
+- Project Description,
+- Date,
+- Payment Note,
+- Tax Information,
+- A Thank-you Note etc.
+
+**2. Customizable:**
+
+It is better to find a super customizable invoice template, not only allowing its user to edit fields, but also allowing him/her to change the format to his own needs. Customizability is important as different clients might have different needs (for example one being an LLC while the second being a sole proprietor) and all these needs should be catered with.
+
+**3. Accessibility:**
+
+If you can find a template or a template software that is cross-device compatible, then it would be a bonus. Especially if you are one of those freelancers who are always on the go and work from different locations. A cross-device, mobile-compatible template will ease half of your burden.
+
+**4. Niche-Specific template:**
+
+No invoice is a one-fit-all, and different industries might require a different type of invoice. The information described above remains the same, but with some additional fields depending upon the field, you are providing your services in.
+So it is better to choose an invoice template belonging to your field rather than randomly picking out any invoice. If you can't search for a template meeting your field's requirements, then jot down the requirements and customize a basic invoice yourself.
+
+**5. Digital Automation:**
+
+It is now possible to automate a lot of tasks, and payment is one of those. If possible, choose a template through which a client can pay simply by clicking a button on the invoice. It is also possible to automate the billing schedule if that is what your services require. It is also advised to choose software with the correct payment method rather than just picking any.
+Some software programs allow their users to automatically fill in clock-in and clock-out timings. They automatically create a timesheet which can then be billed through an automatically generated invoice.
+
+## Top 3 Freelancing Invoice Template Software products Not to Miss:
+
+The following are the top 3 sites to look for an invoice template as they give you the most (advanced features) bang for your buck:
+
+**6. Clockbook:**
+
+A perfect choice in terms of price, and features that you get. Clockbook is a full-blown productivity managing automated app that also gives an invoicing option to its users.
+
+It all starts with the app recording your clock-in and clock-out timings and then using that information to generate all sorts of automated reports, timesheets, and even automatically generating invoices that can be edited and downloaded according to user's preferences.
+
+Clockbook may be a paid software, but it is the cheapest among its competitors with equal or even more features and generates automatic reports without any human interference.
+
+**7. Elorus**
+
+It is another online invoicing software that is easy to use and can also time track. The UI is beautiful and it also features a client portal through which the clients can log in to monitor their working hours and productivity and make payments when the work is complete.
+Elorus also supports a Live template editor that allows you to change the formatting of the invoice. There is also a forever-free package, through which you can invoice up to 5 clients with a one-time purchase.
+
+**8. Ronin**
+
+It is another invoicing template software that even gives free trials to get a feel of the software. The most amazing thing about Ronin is its payment methods which allow the client to pay with PayPal, Stripe, and Authorize.net.
+
+Ronin even supports recurring invoices, it lets you manage multiple currencies and provides you with customizable templates. Its cross-device accessible features make it accessible to everyone, anywhere, and at any time.
+
+## CONCLUSION:
+
+After spending all that valuable time and effort on your services, it's time to give a treat to yourself and your work by using invoicing template software. It will save you valuable time and give insights into your work to yourself and your client like never before. It will help build trust and a sense of partnership with your client, as he will now know where all of that money is going. It can make you more productive by showing you all the numbers right where and when you require them.

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+---
+slug: disadvantages-of-offshoring/
+title: The 7 Disadvantages of Offshoring That You Don’t Know and Their Solutions
+authors: sana
+tags: [Business]
+---
+
+Offshoring is usually adopted by the companies belonging to industrialized countries to outsource operations overseas, usually the less-developed countries, to reduce the cost of doing business." -Britannica
+However, offshoring is not all gold; and there are many factors involved that may turn into a nightmare if not considered on time. But thankfully they are not something that cannot be taken care of. That is why I pieced up this article to help you explore the disadvantages of offshoring as well as the ways to overcome them.
+
+## The CONS of Offshoring and How to tackle them?
+
+Offshoring comes with many challenges which if not overcome could be a potential threat to your business. So, it is better to have an idea about them before getting your hands dirty with offshoring.  
+The following are some cons and their solutions to offshoring:
+
+**1. Time Zone Differences**
+
+Offshoring to countries with different time zones can be a big challenge. As the company not only has to adjust to a new culture but will also have to adjust to new time zones. But imagine how challenging the same situation becomes when offshoring to more than one country, all having different time zones (Philippines, Pakistan, China, and India).  
+The company would now have to face a 5+ hour difference when organizing meetings for collaboration with offshoring partners. It will become harder to arrange a meeting that can be attended by all offshoring partners. There will be delays in communications, deliverables, and a higher chance of poor collaboration.
+
+**SOLUTIONS:**
+
+- Find an overlapping working hour to arrange daily meetings.
+- Another small, dedicated team can be set to work on making the coordination between the two teams possible.
+- If overlapping hours does not exist, then try using a tool for coordination.
+- Round-the-clock work is possible, with the in-house and offshoring teams collaborating by continuing each other's work at their own working time.
+- The Customer Support department (call centers) might benefit from such a time zone difference.
+
+**2. Cultural and Social Differences:**
+
+Cultural and social differences are inevitable and cannot be avoided. The company must work toward educating their employees to respect the differences, instead of getting put off by them. The cultural and social differences may appear in the following form:
+
+- Employer-employee relationship,
+- Different holidays,
+- Body language,
+- Sense of Humor etc.
+
+These differences can cause awkwardness and misunderstandings between the teams. The differences might severely affect the project with personal as well as business misunderstandings.
+
+**SOLUTIONS:**
+
+- Research thoroughly about the offshoring location beforehand, to assess if the differences can be overcome or not.
+- Plan occasional events to educate and bridge the gaps between the two teams.
+- Celebrate and acknowledge the holidays together.
+- Design employee-friendly policies keeping both side's culture and social differences in mind.
+- Teach the employees to respect and understand each other's culture.
+
+**3. LINGUISTIC DIFFERENCES:**
+
+The company might face a communication barrier due to linguistic differences. Even if the other person can speak English quite nicely, there are still chances for the company to face collaboration issues. Even if English is spoken as a second language, still there is no comparison between a person who speaks English as a second language and a Native speaker. Many factors come into play here, but the accent is the top one.
+
+**SOLUTIONS:**
+
+- Scout the offshore destination beforehand for communication challenges.
+- Educate the in-house team about the linguistic difference.
+- If the accent is the only problem, and it is posing problems, then maybe organize training sessions to bring it to an acceptable rate.
+
+**4. Geopolitical Unrest:**
+
+This is quite a crucial factor that needs to be taken into account. There are many countries where everything is ideal, from the talent pool to costs, but due to the country falling to political unrest frequently without any warning there might be some risks involved. It is quite common for developing countries to have political unrest, so the company should be understanding and prepared for it beforehand. Geopolitical unrest might involve:
+
+- Government shutdown
+- Military coup
+- Election Riots
+- Political party's conflicts etc.
+  These faraway issues might become real and affect your business in real-time.
+
+**SOLUTIONS:**
+
+- Thoroughly research the political situation of the country beforehand.
+- If the political unrest is much more than what the company can handle, then it is better not to go offshore until the situation calms down.
+- If political unrest happens suddenly, the company should be understanding of the situation.
+- A backup plan of remote work should be available and ready to execute wherever and whenever possible.
+
+**5. Quality Assurance:**
+
+When talking about a product's development, then the topmost issue that arises is quality assurance. Many causes might get past the quality control line, from which some are:  
+Local production Conditions,
+Local production Environment,
+Local production Regulations,
+Breaks and delays in the local supply chain etc.
+Even if there are repeated instructions, there is still a bright chance of the deliverable being quite different from the company's expectations. The fault does not lie with the offshore country, but with the differences that were not recognized by the company beforehand.
+
+**SOLUTIONS:**
+
+A separate team to understand the local administration regulations and business should be formed and dispatched early in the process.  
+A local guide with local knowledge might be of significant help to the team.  
+A detailed and easy-to-understand quality assurance check and balance sheet must be prepared beforehand.  
+A team of quality check-in trained professionals should be dispatched periodically for quality testing.
+Use the carrot and stick method for penalties on delays and low quality, and award incentives on fast and superior quality delivery.
+
+**6. Security and Intellectual Property (IP) Issues**
+
+The security risk increases with geographical distance. The leakage of even a bit of sensitive information can cause a company's downfall and maintaining this security becomes, even more, harder when user data is scattered around different offshoring locations.  
+Usually, companies hesitate on spending any extra capital for acquiring local protection, when this should be the topmost priority of any company. Patent protection is usually country-specific and should be acquired as it will help guard the security of your company's IP.
+
+**SOLUTIONS:**
+
+Research domestic laws and their violations completely before offshoring any sensitive information.
+Introduce transparency in your process, by officially releasing data storage information.
+Acquire all the paperwork to protect your IP before laying out any physical foundation.  
+Hire a legal advisor to understand IP, data security laws, and regulations.
+Find trustworthy local partners that can represent you if any issue were to arise abroad.
+
+**7. Displacement of Domestic Jobs:**
+
+Offshoring does not have much of a positive image but is frowned upon by the locals in most countries as they point it to being the main cause of depleting job opportunities from their home country. Any company planning to offshore should be ready to face a lot of backlashes and if this backlash is not managed properly, it could affect the image of a company quite badly.  
+If we were to think as a third party, then we will come to acknowledge that this fear from the locals isn't baseless, and catering to locals should be the priority of any business.
+
+**SOLUTIONS:**
+
+The reasons for offshoring should be clearly explained to the critics and employees.
+Efforts should be spent on announcing the benefits of offshoring to the public.
+If the locals get the bad side of the situation, then the situation should be dealt with carefully and the loss of locals should be avoided as much as possible.  
+Rehabilitation or compensation should be provided to employees if possible, to deal with the repercussions of offshoring.
+
+## Does Offshoring Even Have Any Benefits?
+
+After reading all those cons, the first question that comes to mind is if offshoring even has any benefits. Then I can assure you that there are as many benefits to offshoring as there are disadvantages, from which some are as follows:
+
+- Developing countries usually have low production, administrative and operational costs.
+- The skilled talent pool at a lower price.
+- Most of the recruitment hassle gets off the shoulder.
+- Opportunity to explore a new market at a lower cost and greater benefit.
+- 24/7 operations possible, if managed smartly.
+- Benefit from favorable government policies.
+
+## CONCLUSION:
+
+Even though the disadvantages listed will make the company rethink its offshoring decision, but the benefits are worth the risk. However, it is important to know the risks beforehand to be ready to tackle them when they arrive instead of getting panicked and ruining such an excellent opportunity.
+
+This article can be a real eye-opener to all the challenges that an offshoring business might face, and the solutions presented make it clear that there are no problems that cannot be tackled. However, the main thing to keep in mind for offshoring is to do thorough research of the pros and cons beforehand and to welcome the differences with open hands instead of neglecting them.

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+---
+slug: everythig-you-need-to-know-about-the-future-of-coworking-trends/
+title: Everythig you need to know about The Future Of Coworking Trends
+authors: sana
+tags: [Business]
+---
+
+![img](/static/images/blog/blog-11/1.jpg)
+
+The COVID-19 pandemic has changed the current workplace trends. As the world is trying to adjust to the current remote working trend, many still prefer co-working places over working from home. According to a study by Iqra [(Hafee et al. 2019)](https://paperpile.com/c/uCY25a/UKkI/), Behavioral as well physical environmental factors all help in promoting an employee's health and productivity, and these factors are hard to find at home, thus it’s leading to the popularity of co-working workplace trends.
+Most freelancers prefer co-working places instead of home-based setups as it helps them stay focused and increases productivity and quality of their work, and the same goes for the work from the home trend.
+
+## 9 Future Coworking Trends You Probably Don't Know About:
+
+Are you feeling a change in your work practices? Then these 9 predictions might help you go through this change:
+
+**1.Shifting to Remote Work:**
+
+The traditional workplace gives total control over the employees during their working hours. The company's sense of control felt threatened with the rise of remote work during the pandemic. However, soon they realized that there are as many pros to the remote working trend as there are cons.  
+So, if companies can recognize the root of the problem, then they can weigh the pros to cons and cater to the cons and get more efficient and productive employees while saving costs. The following are some pros and cons of remote working:
+
+The PROS:
+
+- Employees feel more relaxed by losing their employer's control over them.
+- Increased employee morale, productivity, and performance.
+- Flexible working hours (employees can work at their best).
+- Companies save costs on office spaces and supplies.
+- The employees and employer become more technology aware.
+
+The CONS:
+
+- Employees might get more relaxed, less focused, and distracted at home.
+- A poor working environment can lead to a decrease in employees' productivity.
+- Less interaction between employees can lead to lowered motivation and awareness.
+- Lower check and balance can lead to a high turnover rate.
+- Loss of human touch.
+
+Due to the above-mentioned cons, companies usually prefer to invest in co-working spaces and benefit from the benefits like no other.
+
+**2. The rise of automation:**
+
+The diversity of people in a co-working space works as a double-edged sword for the owner of the place. The diverse nature of a co-working place not only works as a customer appeal point, but can also be quite burdensome in terms of cost and customer satisfaction for the space owner.  
+As different people working for different fields in different companies have different working hours, which might lead to hiring extra workforce for their management. But as usual, technology can yield a long-term cost-effective solution with which the owner won't have to hire any additional workforce.  
+This automation rise is what has given birth to the concept of "automated workspaces", where technology solutions are adapted for a 24/7 operating co-working space with less workforce. The technology solutions are in the form of:
+
+- Biometric or card-based entry and exit.
+- Surveillance cameras for monitoring.
+- Special Automated software for specialized tasks (like billing, timesheet, room booking, etc.).
+- Touchless Automated hardware (like printers, RFID door access, vending machines, etc.).
+- Security cameras for surveillance.
+- And many more.
+
+**3. Branding and Marketing:**
+
+Branding and marketing work hand in hand with each other. A good brand with flop marketing can make all the branding work go to waste, similarly, good marketing without branding can lead to a high customer turnover rate.
+
+A positive and strong brand image can go for a long time. It is important to invest a substantial budget in branding, especially during these COVID-19 times. Make the branding positive enough to attract valuable customers to the point that whenever even the work co-working space is mentioned, the first thing that comes to their mind is you.
+
+If you want to acquire long-term customers, then you need to focus on compelling discounts and offers. To spread more awareness about your co-working space, use digital marketing. Build a website, with SEO empowered details, blogs, and articles to drive traffic to your site. The website should hold complete updated details about the space so that potential customers can satiate their curiosity and questions from the website alone and decide fast.
+
+The following are some of the features that your website should have:
+
+- Professional pictures and videos of the space.
+- Clear-cut and transparent pricing and policies.
+- Complete contact information (from location to contact number).
+- Updated discounts and offers.
+- Updated Social media links and sharing buttons.
+- Detailed services and promotions information.
+
+Once your website is up and running, half of your work is now complete and now you can focus on running digital advertisements that link back to your website. This might look costly at first, but is a one-time investment that can reap more returns than the investment.
+
+**4. Birds of a feather stick together:**
+
+Selective membership can lead to the co-working space becoming a community with people of similar interests working together and adding more value to the existing community. This method can not only boost morale, but can also lead to longtime customer benefits.
+
+By gathering people of similar interests together, space becomes more harmonious and can lead to the people working there creating more connections and collaborations. "Birds of a flock stick together" will not only attract more customers but will also make the customers stay longer by providing a workplace-like environment.
+
+Field-centric vs Diverse Community Workspaces:
+By making the workspace field-centric, you will not need to apply the selective membership approach, but the space itself will attract people of the targeted field/niche.
+
+A diverse workspace might require more maintenance and management than a niche-specific one. This also reduces cost, as the services need to be designed for only specific niche-related customers.
+
+Niche-specific workspaces also help in building new connections and collaborations with people of the same industry. The workspace now acts as a community working towards the same goal while helping each other out.  
+It is not only the customers who benefit from such an idea, but also the space owners. As they now only must cater to a specific community of people rather than a diverse community.  
+Niche-specific workspaces do not necessarily mean people within the same field working together, they can aggregate people based on:
+
+- Their gender (e.g., female-only spaces).
+- Their roles (e.g., Parent only spaces).
+- Their skills (e.g., Co-working kitchens).
+- Field and Skill Specific (e.g., Laravel developers).
+
+**6. The Hybrid Workspaces Evolution:**
+
+Instead of creating only co-working spaces, hybrid co-working spaces are also a thing now. Some restaurants serve customers in the daytime and become co-working kitchens at night.
+
+Hybrid co-working spaces are cost-effectual with high benefits for both the owner and the customers. The customers can enjoy the benefits of the space, without applying for any kind of membership, and can also work at the same time.
+
+People can not only work but can also attend networking events, seek new opportunities, meet mentors, and much more. The Hybrid co-working space is an ingenious idea that is slowly evolving and will be seen even more in the future. It serves as a win-win opportunity for both the owner and the customer.
+
+**7. Multi-location Workspaces:**
+
+Multi-location workspaces are another trend whose benefits will be seen even more in the future after COVID-19 when the co-working business owner will start to expand and scale their business. Then the customers will be able to benefit from global membership passes, through which they can access workspaces in other branches other than the current one they are working in.
+By multi-location workspaces it means that the service provider remains the same, it is just that the customer can now use any branch of the workspace they are registered with.
+Now imagine a co-working space having multiple branches, e.g., in the US, China, and Pakistan. This means that businesspeople can access these places without any extra charges if they are to travel due to work in any of the above-mentioned countries.
+
+**8. Modern Intelligent Designs:**
+
+It is important to adopt new modern living trends to make the co-working spaces unique and attract more customers. Instead of old dense cabins fitted in a small space, the new spaces will be focused more on wide-open eco-friendly spaces.  
+Instead of the design being only catered towards it being a working place, more focus should be placed on making the space more relaxing and comfortable. The spaces will be equipped with the following spaces:
+
+- Presentation rooms.
+- Discussion rooms.
+- Telecom rooms.
+- Relaxation rooms.
+- Cafeterias. Etc.
+
+These new modern spaces will be equipped with a touch of nature in the working space.
+
+## CONCLUSION:
+
+The Covid-19 has changed many things; one of them is the future of the co-working space, evolving from being a simple working place to a community of workers working together towards a common goal. These changes are not just a temporary trend, but they are here to stay, and that for a long time. So, it is better to adopt these changes ASAP and make a name in the co-working industry.
+
+## Reference:
+
+Hafee, I. et al. (2019) ‘Impact of workplace environment on employee performance: Mediating role of employee health’, Business Management and Education, 17(2), pp. 173–193.

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+---
+slug: top-trends-companies-pros-cons/
+title: Offshoring to India in 2021 Top Trends, Companies, Pros, Cons
+authors: sana
+tags: [Business]
+---
+
+There are many reasons why offshoring might be needed, ranging from reduced costs to expanding overseas, and India is considered as one of the top offshoring destinations and a technology hub by major western technology giants. There are a myriad of reasons, ranging from cost to the quality of services, making India one of the top offshoring destinations. Most technology-based companies are more likely to offshore to India, as you will get to know in the article below, with much other information.
+
+## The “What” and “Why” of Offshoring to India1?
+
+"Offshoring, the practice of outsourcing operations overseas, usually by companies from industrialized countries to less-developed countries, to reduce the cost of doing business." -Britannica
+
+Similarly, if we were to talk about what is offshoring to India, it is when a foreign business decides India as its expanding destination and decides to move its operations there to save costs and benefit from the talent there.
+
+There are many reasons why India is considered one of the top offshoring destinations, which includes not only the cost but also the lenient government policies, round-the-clock work, skilled talent pool, and many more.
+
+- Types of Offshoring in India:
+  India supports the following two types of Offshoring:
+
+- External: Outsource and trust your projects to an external service provider hired in India, who will be responsible for taking care of the task and the project. This is also referred to as "offshore outsourcing".
+
+- Internal: The Company hires its personnel itself for managing operations, instead of using an external service, after setting up a company in India.
+
+## The PROS:
+
+The following are some reasons and answers to the question “why offshore to India?”
+
+- To Save Cost: This is a no-brainer, as developing countries usually have fewer development costs as compared to developed countries, and the same rule applies here.
+- 24/7 Work: The time-zone difference can be taken advantage of to complete a project faster, by both teams communicating progress in overlapping time.
+- Quality Assurance: Due to high competition, the quality of work is what differs a company from the other. Similarly, in India work is passed through multiple quality assurance tests before being delivered (especially in IT).
+- No Language Barrier: There is no language barrier, as India has the second-largest English-speaking population in the world.
+- Government Policies: India is very outsourcing friendly, the IT Act 2000, the Specific Relief Act 1963, the Indian Contract Act 1972, or the Foreign Exchange Regulations are all examples of government-friendly policies.
+
+## The CONS:
+
+There are always two sides to a coin, the same applies here. Besides all those tempting pros, some cons are mentioned below:
+
+- **Time Zone:** The time difference can act as a barrier, where communication delays cannot be afforded, as one of the two would have to compromise and set up an office at night.
+
+- **Cultural Differences:** Even if there is no communication barrier, the cultural and social differences remain the same. The most obvious example is public holidays.
+
+- **Productivity and performance tracker:** Tracking productivity and performance becomes hard, even if you are working remotely, so you can just imagine how hard it would be when you are countries apart.
+
+Thankfully, there are solutions available now in the form of applications to cater to such problems. Clockbook is one of those solutions, as it helps:
+
+- Keep track of the offshore team's performance and working hours.
+- Provides a management tool for managing shifts and schedules.
+- Website and app monitoring with distraction alerts allow the employer to monitor the employee's progress.
+- Payroll is now easy to access and process.
+
+## Top IT Trends Not to Miss in 2021:
+
+The IT industry of India holds the largest share in offshoring. The following are the top 5 trends in the IT sector in 2021:
+
+- **Intelligent Machines:**
+
+Intelligent applications are the future of the IT industry and the trend is hot in India too. Technologies including machine learning, deep learning, artificial intelligence, IoT (Internet of Things), etc. are all the technologies used to construct intelligent machines to automate tasks.
+
+The intelligent machine gives rise to automation, which in turn can reduce the workforce and save costs. This rise in automation will lead to human-less workplaces and eliminate human errors.
+
+- **Speech to Text:**
+
+Speech to text is also part of the intelligent machines and falls in the category of speech recognition. It converts spoken words to text, which can then be used for searching. Alexa and Siri are the top examples of voice search.
+
+India is making progress with leaps and bounds in this area to the point that it may become the top player in this industry.
+
+- **Smart Systems:**
+
+Smart systems are another by-product of AI and IoT. Smart home system is one of the top examples of smart systems, with an ever-growing market.
+
+Big names like Philips are taking part in these smart systems trends and are providing solutions. IoT-based devices paired with AI-based solutions give rise to smart systems which are automated and cut off any human interference.
+
+- **Cloud-Based Solutions:**
+
+Cloud-based solutions have made companies more secure, and make it easy to store, manage and process data. Especially during these COVID-19 times, the companies have become reliant on cloud-based technologies.
+The trend importance of cloud-based technologies can be deduced from the fact that Google is going to set up its second cloud region in India. This will make India a major hub for cloud computing services.
+
+- **5G:**
+
+This trend was especially saved for the last in the list, as it is expected to revolutionize the service delivery system by 2022 in India. 5G is a technology that is expected to revolutionize the world and can improve any country which holds a major share in its financial situation.
+
+India's giants like Airtel, Jio, Vodafone Idea, and MTNL are all running 5G trials.
+
+## 5 Offshoring Giants in India:
+
+The bigger the client's value, the greater is the importance of the business, the same rule applies here. The following big giants are part of the Indian offshoring Industry:
+
+**1. Microsoft:**
+
+Since 2010 Microsoft has been a part of India's offshoring industry. It all started when a three-year contract was signed off between Infosys technologies (Indian) and Microsoft to manage important parts of its global internal IT operations. This deal includes outsourcing services like:
+
+- Software development
+- Quality Assurance
+- Technical Assistance etc.
+  Recently during the COVID-19 pandemic, Satya Nadella (CEO Microsoft) said:
+
+"We’ve seen two years’ worth of digital transformation in two months."
+
+**2. CISCO**
+
+CISCO is another well-reputed and World-leading networking solutions provider with 7 offices in India spread across different cities. An investment of $150 million was made to expand its offshore development center (Cisco Global Development Center) in Bangalore, India. India serves as 15 percent, of the total global employee strength of 73,000.
+
+**3. General Electric (GE)**
+
+GE in India has two listed companies – GE Power India Limited and GE T&D India Limited, which are listed on the stock exchanges in India.
+
+An investment of $250 million worth, was made in the following categories:
+
+- Infrastructure
+- Healthcare
+- Real Estate
+
+The research center in Bangalore is considered one of its second-biggest research centers.
+
+**4. Ford Motor Company (FMC):**
+
+FMC is an American multinational manufacturer and it offshore the following services to India:
+
+IT.
+24/7 Customer Support.
+Software development.
+
+It all started with the company only offshoring small office back work to India, however, with time it grew into the above categories.
+
+**5. Norscot:**
+
+It is a European-based oil and gas company with its office in Mumbai. The branch in Mumbai was first registered as a consultancy firm, which has evolved enough to offer the following additional services:
+Rig project management.
+Drilling services and supervision.
+Specialized in oil and gas equipment and services, etc.
+
+**6. Genpact:**
+
+Genpact has been operating since 1997, it is the largest business process outsourcing company in India. IN 2007, a contract was made with an Indian company known as NDTV to offer outsourcing services for the media industry.
+
+**7. Transocean:**
+
+It is a Switzerland-based offshore drilling company having offices in 20 countries, from which one is India. Recently, Transocean has won many contracts, from which one is Reliance. NSE (RELIANCE) exercised a seven-well option in India for the Dhirubhai Deepwater KG1 drillship until Nov. 2022 ($127,000).
+CONCLUSION:
+
+India is truly one of the largest offshoring destinations for western developed countries due to its highly skilled workforce available at low cost and round-the-clock quality work. Even though the pandemic has caused an economic decline globally, and concerns were raised about outsourcing in India too, India has still proved its worth (especially in the IT industry) by winning new deals and increasing revenue.