Today, it has become a constant struggle for companies to survive in the competitive marketplace. As an entrepreneur, you need to invest your time, effort & capital to survive. However, to win the game, you must think out of the box.
That’s where outsourcing comes into the picture as a strategic solution. With the help of outsourcing, companies can successfully build dedicated teams in a foreign country and extend their IT team.
Gartner reports that $3.79 trillion USD was spent on outsourcing globally in 2019.
However, it’s not necessary that outsourcing will always work for you. You must analyze and consider many factors while making this decision.
Are you too struggling to decide on whether to outsource or not? Don’t worry, let’s list down the top five reasons where hiring developers from an offshore country makes sense!
When to Outsource?
1. When You Don’t Want to Manage a Recruitment Team to Hire
Are you a start-up that needs to grow fast, but you can’t accommodate a team of recruiters to hire the best developers? It is one of the most common issues faced by tech companies.
At this point, outsourcing makes sense. If you are unable to hire developers due to any reason, it’s best to get in touch with an offshore development company.
With the offshore company, you get a significant head-start as you hire the best developers that help grow your business.
2. When You Can’t Rent More Office Space
Depending upon how much an entrepreneur can invest, some buy while others rent the office space. But when it becomes a financial challenge to add up the extra space for new employees, outsourcing becomes the solution.
In addition to this, the extra budget is also spent on the equipment that your company requires. There are many other things that come into play when there is more staff. This includes sick leaves, reimbursements, incentives, medical facilities, insurance, etc.
Most of the outsourcing companies help you set up an offshore development team at zero-setup investment. It means while outsourcing, you avoid the cost of infrastructure, and only pay for the amount of work done in terms of hours.
So, when you want to expand your business, outsourcing is worth considering.
3. When You Want to Save Money, Time and Effort
Outsourcing is incredible, as hiring a dedicated team of developers from a reliable offshore development company is 25% cheaper than hiring new employees. And like it is mentioned earlier, you can save expenses on:
- Additional office space
- Employee salaries as you can hire developers with low hourly salary
The best thing is you can save costs and get the same or high level of work quality.
Outsourcing saves time as the development is moved at a faster pace. You already have a talented team, and the addition of the outsourcing partner gives more professional support. If you feel your in-house team’s time is being taken up by menial tasks, you should prefer outsourcing solutions.
You save effort as the communication with the remote team is easy. You can easily have your daily communication and control of the process, and the work is completed before the given deadline. They are always ready to handle administrative issues and give advice on the best team management and development practices that keeps everyone motivated. It is easier to work with developers that have good English speaking skills, understand the cultural differences, and good experience. There will be no issue in understanding your requirements, and the best part is you can manage your team directly.
4. When You Want to Expand Your Team Long-term
You have tried hard to attract the top local talent, but there is so much competition that their salary expectations have become way more than you can offer.
When you plan to expand your team without hiring them inhouse, contact an outsourcing agency. The offshore firm dedicatedly works only for you while guaranteeing their undivided attention.
By choosing the best developers from an offshore company, you are investing in expanding your in-house team.
5. When You Want to Scale Your Business
Imagine that your business is continuously booming. You are getting a lot of potential clients, but because of a lack of capacity that you have to scale, there is a possibility that you have to turn down valuable opportunities.
No entrepreneur wants to find themselves in this type of situation, so investing in an outsourcing company can resolve the issue.
You get the best-talented engineers who work passionately on delivering top-quality work at a fraction of the cost. And this team of yours will help you prevent loopholes, give suggestions whenever required, and will be with you every step of the way.
With the help of a dedicated engagement model, you are not building a budget-friendly solution but also gaining access to the large scale of experience pool. In addition to this, a value-adding extension for your company is developed that helps scale your business.
By taking the help of an outsourcing company, you can have your own team of dedicated developers. They will help the business to delve into more amazing and new opportunities. Once you have contacted a company, make sure an NDA is signed by both parties. This will help you build a sense of trust, putting them directly responsible for managing the project and associated risks, cost, timeline, and scope.
The engineers that you hire are an extension of your in-house team, aiming to deliver cutting-edge and innovative solutions. This way, you can stay ahead of the game and focus on your business’s core functions.