Companies nowadays hire offshore developers as a go-to solution to save money and maintain turnaround times. But why is it becoming so popular in the market?
Let us give you a recap of what offshore hiring is all about.
Businesses are investing a considerable amount of money in hiring employees with a solid knowledge base. One major thing that any organization requires is a website to increase online reach and brand value in the market. To do so, one needs to hire a specialist that can help them add value ad help them get a functional website.
Some companies opt for in-house developers, whereas others outsource it to onshore or offshore developers or software development teams. It companies depend on the requirement and budget of the organization.
However, finding a reputable company and local talent is a vast and challenging task. It is essential to keep several criteria in mind while finding a qualified professional. If you know where to start and your budget, it can be as simple as walking.
What is offshore software development?
Before hiring software development, let us explain to you what offshore software development is all about and why it is becoming an essential part of the business.
Offshore software development means delegating the tasks or projects to the individual, team, or company living in another country. For instance, companies in the United States hire an Canada-based software development company or developer to build the software.
The companies hire offshore developers because of several reasons. Firstly, it has become a game-changer and saviour for the start-ups working on a limited budget. Secondly, companies don’t have to devote their time to a single project as they can state their requirement clearly and get the job done.
However, when is the best time to hire offshore developers?
#1 Tight Budget
The offshore development team will be the best option if you are running on a tight budget but need to get the website done. Companies can save a lot of money such as infrastructure, fixed salaries, and offering training. Offshore developers are ideal for start-ups and companies that want to save more than 50% of the total cost.
#2 Short Term Resources
Hiring full-time employees for a task that one can accomplish in a month or two is not ideal. Companies can hire offshore developers makes more sense as it requires a minimum amount and time. One can also gain the utmost flexibility and remote developers based on project requirements.
We are the part of the business world that waits for none. If you have an idea, it is best to implement and launch it in the market before your competitor does it. Hence, businesses require someone who can work around the clock and on deadlines to give the best possible solutions. To achieve time-to-market, companies hire an offshore team that can work on releasing new products as per the deadlines and can focus on the growth.
#4 Business Scaling
One of the biggest challenges that organizations face is ensuring that their business can survive in the market. They need to implement cutting-edge technology, follow cost-cutting strategies, and hire workers at minimum cost. In such a scenario, it is best to hire offshore developers to help scale up the business, allowing them to access the international market, streamline business processes, operating flexibility, and many more.
#5 Core Skills Requirement
Companies require core skill sets to accomplish a task or complete a project for some projects. Hiring full-time employees for this case can be a massive hit on the pockets, especially if it is an AI developer, IoT specialist, etc. In such a scenario, hiring an offshore developer can save a lot of money and help in offering a much-needed breadth to the company.
#6 Want to Increase Productivity
There comes a time when the productivity level of the in-house teams goes down to zero. In such cases, they stop taking their work seriously and handling tasks. Offshore developers can help manage those tasks efficiently and maintain the profit market during difficult times.
#7 Can’t Increase Employee Salaries
Some countries are struggling with the shortage of potential and talented software developers. Some companies can’t increase the salary to hire potential developers, and some can’t find one. In such a case, it is best to get offshore developers that work on a fixed amount for the tasks or project, saving a lot of money.
#8 Reduce Liabilities
Outsourcing software developers ensure that the project doesn’t need much supervision. Hence, the companies don’t have to hire a product manager. It can help drive positive results to the organization and maintain business productivity and growth. One can also manage and delegate smaller tasks to save money and time for important tasks.
#9 Cutting-Edge Technology
The companies hire offshore developers to leverage cutting-edge technology, tools, and methodologies. It is a great way to transform a business and find the right person who is well-versed in making the desired changes.
#10 Mitigate Risks
Offshore hiring is the ideal solution to avoid litigation risks. It can help to diversify the businesses and divide them up into components and operations instead of keeping them all in one place.
Benefits of hiring offshore developers
Here are some of the top benefits of making companies hire offshore developers.
The motive of companies is to save as much money as possible while increasing their revenue rate. They want to hire devoted and talented developers without investing much time or money in them. Hiring an offshore developer can easily handle it. It offers maximum projects on the operational charges every month. It is possible to set up capital expenses such as human resources team or private space for the development team.
#2 Worldwide Talent
The offshore developers have given the software market a competitive edge allowing them to leverage a global talent pool instead of sticking to a small area. The companies can help deep dive into candidates’ projects based on their technical expertise, skills, and knowledge in programming. It also helps find the best-suited developer without worrying about the developer’s location.
One can analyze each step easier for small businesses and firms with meetings and demos of the website functioning. This will help track every development phase and ensure that the project is going at a steady pace.
#4 Faster Turnarounds
Hiring a potential in-house developer can take up to three-four months as it can even delay the joining resulting in pushing the project for a more extended period. When companies hire offshore developers, they don’t have to worry about anything but results resulting in faster turnarounds. They can delegate the project, set deadlines, know the target, and get the results without lifting a figure. However, it is essential to keep track of the development team to ensure that developer is working on meeting the product goal.
Offshore developers offer flexibility in the ever-growing market due to their ability to adapt to any technological change. It also provides stability for the organization, avoiding additional costs.
#6 Niche Technology
Companies can’t hire proficient developers in each niche, such as Artificial Intelligence, Internet of Things, Virtual Reality, Augment Reality, etc. It is best to delegate the work to offshore developers that have suitable knowledge about every niche and can bring quality to the table. This can increase productivity and help in leveraging the contextual understanding of developers.
#7 Instant Hiring
Hire offshore developers; it instantly increases the development team bandwidth. If you want to increase the workforce at a certain point, then offshore developers will get you the numbers without delaying the hiring process. It is easy to manage and has proved a great solution to get work started immediately during high demand.
Do You want to hire offshore developers For your Business?
However, there are instances when hiring offshore developers is not the best solution. It is best to avoid hiring if you have the expertise or an expert in the desired niche working for you. There is no point in wasting money on outsourcing the tasks if you have an in-house member (or know the work on your own).
It is also best to know the number of developers that you want beforehand. Some developers charge a bit higher than might not fit your budget as the major cause of offshore hiring is to save some amount.
Lastly, if you lose any control of the project, it is best to track the project’s progress and ensure that you are aware of the tasks done. If you lose the sight of project, you might not gain the desired results.
Hire offshore developers to increase productivity, scale-up business, save money, and promote diversity in the market. It helps avoid any type of challenges that companies might face and help them reach their desired goals. Be in charge of the project even if you are outsourcing it, have access to all the documents, and make the final decision to streamline the development.