The trend of outsourcing developers is booming across the globe. The demand for hiring offshore developers is increasing on a daily basis. But why is it actually happening? Well for starters, it’s affordable to hire offshore developers.
Secondly, it allows access to the wider pool of talent. Apart from these two, there are a number of other benefits that you can gain from hiring offshore developers.
But before discussing its advantages let’s understand why startups need to hire offshore developers.
Why you must hire offshore developers for your startup?
According to Deloitte’s global outsourcing survey, around 72% of the companies prefer for software development outsourcing than having their in-house development. But why companies favour outsourcing so much? Below are a few of the reasons which would answer that question.
Cost-efficient
Cost is one of the major startup killers. According to a report by Quartz, around 46% of startups fail as they run out of money. However, if startups hire offshore development teams then it’s quite unlikely that they would meet the same fate. It’s because when you outsource, you don’t have to pay for overhead costs like payroll, office rent, vacations, insurance benefits, recruitment fees, etc.
Instead, you can divert that entire fund towards the creation of an MVP. Not only that but also the rates of developers in the offshore countries are lower than that of the US and Western Europe due to the lower cost of living.
Reduce time and increase productivity
Hiring an offshore development team saves not only times but also increases overall productivity. Time is a crucial factor here as startups are born in a cut-throat competition setting. With a dedicated development team in place, you don’t have to invest time on project management routines or with other HR activities like employee retention, as all of it will be taken care by the vendor company.
You also save time on training new employees as every outsourced employee already possess the required skills. This helps you to focus only on your work as everything else is already taken care of.
Get access to a larger pool of talents
One of the major advantages of outsourcing is that it gives you access to a larger pool talent. It’s difficult to find developers of good quality in countries like the US and Western Europe. It’s because the tech giants have already employed the best lot of developers where they receive benefits, enormous packages, attractive perks, job security, and a sense of comfort.
Whereas, working in startup imply risks. However, with outsourcing, you can hire an extremely skilled and capable developer from Asia and Eastern Europe who would be more than happy to join a startup.
What are the benefits of doing this kind of work?
How can it help companies in these hard times?
In this article we'll try to answer these questions and more.
When a product owner hires an offshore team to do some work for them, they're hiring not only people who can actually get the job done, but also people who can help in the development process and get their ideas across the product owner to their customers.
The whole idea behind offshore software development outsourcing is to save time and money.
This is something that big businesses have been doing for a long time now.
