Why Companies Use Offshoring | 4 Real Business Benefitsby The Scalers Offshore Development Teams In India
In today's competitive business world, organisations spend a significant amount of time, effort, and capital to create quality and innovative software products and services. However, given the acute shortage of tech talent, especially in the West, this is easier said than done.
Companies are struggling to hire skilled developers and are often left with less-qualified engineers who may not be able to deliver what they're looking for. And that's why offshore development has become increasingly popular. In this piece, we discuss the benefits of offshore development and how you can leverage global teams for your business.
1. Access to a massive, untapped talent pool
According to research, the average company takes roughly ten weeks to find the right software developer for their business. This means that companies waste three months worth of time and money because of the talent shortage. The demand for skilled specialised talent is at an all-time high, and hiring locally doesn't cut it anymore.
By hiring offshore developers and removing location restrictions, you can access a large, untapped pool of skilled developers just waiting to be hired.
2. An opportunity to scale at speed
If your business is growing rapidly, you need a team that can help you take on capacity. However, because of the time required to hire local candidates, you cannot scale at the pace you wish to. Going offshore eliminates this problem.
Because you're hiring from a large talent pool, the time required to set up a team is significantly lower. This means that you can scale your team at speed, at par with your unique business requirements. Further, your offshore partner will also help you understand what technologies you should invest in, how you can stay competitive, and how you can take your business to the next level.
3. Reduced Costs
In large countries such as the U.S and the UK, hiring local developers can be very expensive, especially if you want the best tech talents in the business. And payroll is just one aspect of it. You also need to consider workspace, equipment, daily amenities, and other extra employee benefits.
Going offshore to countries like India, where the cost of living is so much lesser, can help you generate significant savings. It does not mean that you're hiring 'cheap labour' or 'substandard engineers'. It simply means that you're leveraging skilled developers in another location at lower prices.
These are some of the major benefits of offshore development. By building an offshore team, you can also focus on your business's core competencies, build a global presence, and innovate like never before.
Created on Jun 15th 2020 07:14. Viewed 110 times.