Proven Benefits of Hiring Offshore Software Development Company
Putting together a software development project is not as easy as it may sound; in fact, it can be quite challenging. Even the smallest things take proper expertise and it’s tough to develop a useful product without qualified specialists. It is possible though, but only when you are ready to compromise on the quality. So, what should one do: hire an offshore software development team or just use in-house developers?
Talent knows no boundaries and hence it is scattered all over the world. You might not succeed in finding local talent or a reputable agency in your city, that too at an affordable price. It is a very common problem faced by the majority of companies which is why they consider setting up a dedicated remote team. With this approach, you can not only find the right talent in your budget but a lot of benefits too. Before we discuss those benefits, let’s quickly take a look at what exactly is offshore software development.
What is Offshore Software Development?
As the name suggests, having an offshore team means you’re delegating people for your software development project to another specialized company. Usually in this type of collaboration, the third party whom you hire for your software development is situated in another country, hence giving it the name: offshore development.
For instance, suppose you are a company based in India and you are delegating your software development tasks to a business that offers software development services in the United States.
Why Hire Offshore Teams: What are the Benefits?
- Access to a Wide Pool of Great Talent
On average, it takes around ten weeks or even longer for a company to find a team of software developers. It all sums up to two to three months of wasted time, money, and effort. Currently, there is a high demand for specialized programmers but finding local talent still remains a complex task of its own.
The offshore approach helps you go beyond your geographical boundaries where you are no more restricted by your location and have access to world-class offshore software development services at your disposal.
- Helps You Scale Your Business
When you open gates of business to offshore hiring, it unlocks new ways to scale your business by helping you save costs to be spent on in-house teams in the long run. Your company will always have a dedicated development team to help you realize what technologies you should invest in, how to stay competitive, and how to improve your marketing and engagement strategies.
You will have your own offshore programming team; they always are there for you to help you with everything you need at any time. If need be, you can always contact the team’s offshore software development company and ask for more staff.
- Reduced Costs
Hiring local IT experts can be very costly, especially in large countries like the U.S. and when you want the best talent. Remember that payroll makes only a small part of the overall cost. Things like workspace, equipment, daily amenities, and other extra employee benefits can take the sum up. It makes having a full in-house team very expensive.
But there is no such case with offshore teams since going offshore to hire a dedicated development team will cost significantly less. For instance, living cost in countries like Ukraine and Serbia is much less as compared to Singapore or the U.S. But that doesn’t mean that the developers are any less talented, they are just located elsewhere.
- More Time to Focus on Other Important Tasks
Outsourcing developers allows you to save a lot of time, which is very beneficial for start-ups that always have to swing back and forth between the core business functions but don’t have enough manpower. Start-ups usually don’t have flexible budgets that makes outsourcing a great option for them. When you have immediate access to qualified talent as your offshore development team to take care of your technical section, your in-house team can easily focus on other essential tasks concerning your business.
- Access to the Newest Technologies
It’s nearly impossible to have access to all the latest and trendiest technologies, especially for small businesses. Dealing with offshore software development services ensures that you use most of your time to improve technologies while learning new software skills. Not only this, but it also brings high-quality procedures, documentation, and structured strategies: your hired company will always update and replace systems as and when required.
- No Need for Capacity
With time, you will make progress and will face a high influx of work. In such cases, you won’t have to turn these tasks down because of a lack of space in the office or resources. Your offshore software development team won’t occupy office space or technologies; they will already have these things at their disposal wherever they are located. All you need to do is just pay for their work and that is it.
- Opportunity for New Incentives and Projects
As we mentioned that an in-house team will require space, resources, and technologies, and it can be hard to provide all of this under your budget and still having the scope to invest in new exciting projects. But hiring an offshore software development company cuts down your costs and allows you to start working on other ideas.
Now, there must be no wondering about “Why do companies offshore?” since it is obvious from what we have discussed above. To strive in this modern and highly competitive landscape, you need to keep up with what’s trending in the industry, and offshore hiring is one of the top trends as of now.
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