Top 10 Benefits of Hiring an Offshore Development Team
Are you a business owner who is thinking about hiring an offshore development team but not sure if you might get any advantage from it? Definitely yes! You can save up to 70% of your overall cost by hiring a development team for your project. Wondering how? Don’t worry we can explain it to you in detail. We have listed the top ten benefits of hiring an offshore development team below, take a look, we promise reading this blog will definitely help you make the right decision.
Here are the reasons why you should go for
an offshore development team.
1. Specialized Talent
The overwhelming rush in new technologies brings the need for businesses to hire the right talent to bring out the most of the latest that technology has to offer. At the same time, finding and recruiting the right talent is something challenging for businesses worldwide. Why face all the trouble and cost of hiring in-house when you have the option to easily and quickly reach out to an offshore development team?
2. Cost Effectiveness
According to estimates, hiring an offshore development team can cut costs by up to 70% for a company. A junior developer in the US indeed has a higher salary than a senior developer in India. As they gain more knowledge and ability, it is not easy for smaller enterprises to afford them. Thus it creates a complete sense for companies to give offshore talent a shot.
3. No Need to Hire Full-Time Employees
For companies that take on short-term projects, it becomes very expensive for them to keep up a full in-house development team, regardless of whether there is an ongoing project or not. On the other hand, hiring specific projects or tasks could be done within a budget, without the need for broader investment in maintaining full-time staff and providing them benefits. However, this will need companies to have a project scope with clearly outlined, mutual agreement upon deliverables. This eliminates any commitments when the project finally gets over.
4. Increased Speed to Market
When you have tight deadlines and busy work schedules, you might not have the required bandwidth to manage a roadmap, as quickly as they need to. You will have added requirements to launch a product or add a new feature quickly, client deadlines, etc. Offshore development companies already come with a working infrastructure, so that it can generate a significant reduction in time to market.
5. Improved Service Quality
Outsourced teams often come packed with pleasant surprises. The developers have worked across industries, verticals, and regions, so they are often one step ahead of an in-house development team. Working with such a team can promise you high-quality results, especially when you get a dedicated skilled team for your project. An external team can bring new insights, helping to boost up the overall product development cycle.
6. Increased Focus on Core Business Activities
When companies are acquit taking care of application development activities, they can invest time in other important business functions. Offshore development teams have their project managers, designers, and developers, which means they can manage a significant part of your responsibilities. When you are away from such kinds of stress companies can instead focus on other areas like marketing, sales, and business expansion.
7. New Perspectives through Cultural Exposure
Every organization have a different way of getting things done. When companies hire an offshore development team they get to work with different people who can bring in new perspectives. Sometimes this can bring out significant benefits for the organization.
8. Capturing on Time Zone Differences
Western companies outsource software development projects in the East, to leverage on the time zone difference. This will let them extend their business activities beyond the 24/5 timeframe. So, by their next business day, issues will likely have been resolved.
9. Exposure to Superior Technologies
The developers you hire will be well-versed in these technologies are in great demand. This is enough to turn the focus to offshore developers, who have experience working on such projects.
10. Business Scalability
You can scale your business regularly and it is also cost-effective and hence spares businesses from having to terminate employees, in case of a slowdown. Regularly scaling your business can help find where it gets slow and take necessary actions.
In this era of technology, there is a boom in the demand for offshore development models. Hence, it is now easier to manage offshore operations from across the globe.
In the end what matters is the experience, skills, communication, and dedication. Before you make a final decision, do your homework regarding what kind of team can prove to be a perfect option for your project.
Therefore, if you are looking for a way to kickstart your projects without any hassles, just go for it. In case you have any query or project to discuss, drop your requirements at firstname.lastname@example.org & our team will get in touch with you shortly!