8 Benefits of Hiring an Offshore Software Development Team
Do you want to build software, but don’t have in-house dev specialists or your team is missing the required technical skills? Or maybe your company doesn’t have the bandwidth to do it at the office? It can be difficult to find local talent or a reputable agency in your city that will do the tasks you need for an affordable price. This is a common problem, and that is why many companies opt for hiring an offshore software development team. Does this prospect worry you?
Well, it shouldn’t! There are plenty of people out there who will handle your tasks without obliterating your budget. Let’s go through the benefits of offshore software development and why you should take advantage of this option.
What is Offshore software development?
To simplify it for you, an offshore team means delegating your software development project to another specialized company. This is a type of collaboration where the third-party entity who is trusted to do the tasks is situated in another country, which is why it is called offshore development.
For example, a company that is based in Vienna is delegating their software development tasks to a business that offers software development services in Kiev, Ukraine.
Why do companies hire an offshore software development team?
Considering the rate at which the digital industry is expanding, there are many reasons why companies of all sizes hire offshore developers. So what exactly are these factors?
To sum it up, lots of time, effort, and capital go into coming up with innovative and creative software solutions for companies that want to stand out from their competitors. Especially companies unable to hire the most talented recruits are left with less-qualified developers that may not be able complete their tasks as effectively.
But, when these companies hire offshore developers, they free themselves from the obstacle of finding the first-class staff while also ensuring they receive the best software solutions delivered to them in the least amount of time. This will ultimately reduce the development time frames and give these companies the opportunity to focus on business growth and new strategies, including this product.
What are the benefits of hiring an offshore software development team?
We zeroed in on eight crucial advantages that you can get by hiring an offshore software development team. Namely:
Benefit 1. Access to a Wide Pool Of Great Talents
The average company spends around ten weeks or even longer trying to find a team of software developers. If you really think about it, that is two to three months of wasted time and loss of money. The demand for specialized software developers is high, but finding local talent is a complex task of its own.
But now, you aren’t restricted by your area anymore; you have access to world-class offshore software development services at your fingertips.
So, why wouldn’t you want to hire a development team that will produce good results at a low price? Set aside a part of your budget to hire offshore developers and watch your business grow.
Benefit 2. Scales Your Business Easier
When you open your business, you start thinking about your scaling strategy, and having an in-house team is only going to increase the costs in the long run.
When you hire offshore developers, this is going to help your business scale as per the requirements. You will have a team of professionals who will help you realize what technologies you should invest in, how you can stay competitive and how you can improve your marketing and engagement strategies. And since this is your offshore programming team and not just freelancers, they will be there to help you with everything you need at any time.
Naturally, you can always contact the offshore software development company of the team and ask for more staff, so all your needs are met. It’s pretty clear now why companies hire offshore, right?
Benefit 3. Reduced Costs
In large countries such as the U.S., hiring local software developers can be very costly, especially if you want the best talent.
Keep in mind that the payroll makes up only a small part of the overall cost. The rest includes things like the workspace, equipment, daily amenities, and other extra employee benefits that really add up in the end. All of these together make forming a full in-house team very expensive.
Going offshore to hire a development team in countries like Ukraine and Serbia can cost significantly less since the cost of living in these countries is much less as compared to Singapore or the U.S.
This does not mean that offshore developers are any less talented, just that their location is different. Essentially you will be recruiting the same talent for a lower cost.
Benefit 4 More Time to Focus On Other Important Tasks
By hiring offshore software development services, you will save yourself and your company lots of time. This is especially true for start-ups that are always going back and forth between the core business functions but don’t have a lot of man-power. Smaller start-ups usually don’t have a lot of budget set aside either, so hiring an offshore software development company is a really great option.
When your company has immediate access to qualified talents and expert offshore development teams to work for your technical section, you and your team will be able to easily focus on other important tasks concerning your business. While with an in-house team, you would have to keep up to date with their progress constantly, a good offshore software development company will have your required tasks done by a specific due date.
Benefit 5. Access To The Newest Technologies
As a small business, it’s nearly impossible to have access to all the latest and trendiest technologies because of their cost. Since these companies deal with offshore software development services, they use most of their time to improve technologies and learn new software skills, so they can bring a lot to the table.
When you decide to hire offshore developers, you are also getting high-quality procedures, documentation, and structured strategies along with many new technologies. Your hired company will always update and replace systems when it is necessary.
Benefit 6. No Need For Capacity
If you suddenly face an influx of work, you won’t have to turn these tasks down due to lack of space in the office or resources. Hiring an offshore development team means you won’t have to provide them with office space or technologies; they will already have this wherever they are located.
So, you will only have to pay for their work without worrying about anything else.
Benefit 7. Opportunity For New Incentives And Projects
Do you have a list of tasks you haven’t gotten around to yet? When you have an in-house team that requires space, resources, and technologies, it can be hard to budget for new and interesting projects.
By hiring an offshore team, you will be cutting down your costs, and this will give you the opportunity to start working on other ideas along with everything else that must be done.
Benefit 8. No Need For Full-Time Employees
Many companies regularly take on short projects, and it can become expensive to hire a full-time working team. On the other hand, hiring offshore developers can be done within a tight budget and for a specific time frame.
When the project is over, the company and the offshore team can go their separate ways without needing to maintain these workers full time.
So, now the answer to ‘Why do companies offshore?’ is obvious. In this modern world, to stay ahead, businesses have a consistent need to develop software and keep it updated. Hiring an offshore software development team for your tech tasks is really the most efficient and affordable way to get this done.
Get in touch with the top-notch offshore software developers from Skelia and scale up your business to reap amazing long-term benefits!