Do you know that the outsourcing market size has reached from $45.6 billion in 2000 to $92.5billion in 2019? Yes, this fact is true as per Statista.
Now, this clearly depicts how businesses of different levels are embracing the idea of outsourcing for development.
With interconnected economies, having access to the world-class talent within budget is no longer a distant dream.
Companies have started gaining a competitive advantage if they are reaping benefits from outsourcing.
Boosting Your Business in the Right Direction
Outsourcing has the caliber to boost any business. Outsourcing is not limited to any task.
Anything and everything can be outsourced if that saves you a good amount of cost, time, and resources.
When you try managing everything in the house, this may further result in mismanagement or dissatisfaction.
Outsourcing repetitive and lengthy tasks can help you focus on your core competencies while improving the productivity level.
Before moving any further, it is important for you to know when you should outsource:
When is the Right Time to Invest in Outsourcing?
a) You are Getting Over Budget
The salaries of your in-house staff account for more than half of the fixed costs of the average business. Developers are one of the highly-paid professionals.
Whenever you hire new experienced local talent, you risk spending more on employee payroll than for your industry specifically.
Saving money is one of the major advantages of taking the help of offshore developers. You increase your margin and that too without compromising on quality standards.
By taking the help of an offshore development country where the cost of living is lower, and the disposable income is higher, you get access to experienced and qualified engineers at cost-effective prices.
b) You are Turning Down Growth Opportunities
Think that your business is booming, and you are growing like never before. Many potential clients are approaching you, and this could result in something big.
Unfortunately, as you have limited in-house staff, it becomes challenging for you to complete the projects on time. You turn away profit-generating business.
Investing in an outsourcing development company can be an ideal solution. You have access to the talent pool that has already worked on diverse projects and know how to deliver quality solutions at a fraction of cost.
And because it is an offshore team, they become a part of your business and suggest you the best of everything. They will be enabling you to take on more work and generate high profits.
There are many more reasons to invest in an offshore development company, but if your business wants to grow and thrive, then it is no brainer.
Before you start working with the offshore company and sign a contract to build a new team, it is important to evaluate if you are ready to move ahead.
Important Questions to Ask Before Hiring Offshore Developers
The following questions are important to answer if you are planning to embrace offshore developers.
Is Technical Documentation Important for You?
Documentation is a fundamental part of any business software. It is equally important to the source code.
Technical documentation ensures that information related to development and maintenance is stored at a single place.
Aim at the components that contribute to building a solution. You not only keep track of them but also work towards enhancing the quality of the deliverables.
Adequate knowledge about technical documentation is important while working with offshore developers.
Your offshore team can then gain knowledge regarding different server environments, databases, files, and project progress.
This helps in understanding how the development process works so that a quality solution is created.
Are You Leveraging Modern Communication Tools?
When your in-house team members and offshore developers are communicating with one another, two-way communication has to be efficient.
Poor communication cripples any attempt to manage an offshore team. If you keep giving instruction aloud across the office space and your colleague is unable to note down all the points, what’s the use?
The same is the case with offshore team communication when you keep repeating your requirements via phone call.
Distant-communication has now become easy with the help of various collaborative tools like Skype and Slack.
You can quickly send instant messages to your team and call them in real-time to discuss anything. Irrespective of the logistical challenges like time zone and geographical location, you can get connected in a hassle-free way.
Is There Any Cultural Diversity?
Whenever you are offshoring to another country that is located in a different geographical location, you will come across developers that have a different culture than yours.
They follow different strategies for a problem, as they may think differently. It is always good to understand their thought process and give the room so that they can be easily heard.
How to Effectively Leverage Your Offshore Developers?
Outsourcing is a fantastic way to improve efficiencies and bolster your company’s bottom line. Here is how to leverage your offshore developers:
a) More Visibility and Predictability
The development process is a sophisticated task that requires precise project management. When you trust your offshore development programmers with the end result, you are assured of the predictable outcomes, and you get clear visibility of the project.
When you make the offshore developers comfortable, making them feel that they are an extension of your team, they know they have to deliver their best.
To achieve control outside the corporate walls, it is important to hire offshore developers that enable you to connect the dots and bridge the gaps.
When visibility is improved, you obtain relevant information regarding your product at the right time so that you can make the right decisions based on the analysis.
b) Faster Time to Market
Delegating your project to a company helps in dictating your schedule also. While outsourcing, there are many hands working in sync to deliver the software that you envisioned.
If you plan to get your solution to the market faster, offshore developers help you with that.
Think that you are in UBER. It will be difficult for you to run the company without an app. Then you need mobile app developers working on the development of the application as per your requirement.
But what if you are part of a logistic company and you need to create an inventory management system. In that case, you need a different team having designers, developers, QA, etc.
Having an outsourcing company by your side, you are flexible to scale up or down. It is your choice if you want to hire more developers in the peak period and then remove some of them from their roles later.
d) Enhanced Innovation and Quality
You have an amazing idea for your business, and you want to take it to the digital world. How will you do that? When an experienced team is by your side, nothing is impossible.
An experienced team of offshore software developers have worked on various projects and worked with a wide array of companies. This gives them a wider perspective, and it is the reason they have outside-the-box thinking.
You are also sure of the quality as the team is aware of the fact that what will cultivate the maximum output to produce results.
e) Fast Turnaround Time
The developers are efficiently trained to complete the allotted project in the decided deadline.
The dedicated team will always work closely with you to understand your requirements and then deliver results as per the business demands. It is always good to hire developers as you get guaranteed results in the given time.
f) Ability to Handle Emergencies Efficiently
Whenever you face an issue during the development process, it has to be handled immediately.
The dedicated developers are always there to offer you a solution and resolve the problem. This is one of the best benefits of hiring offshore developers.
g) More than Just Development
When you hire a team of developers from the best offshore development company, you get the most effectual services.
The team knows how to provide you the best development, designing services, testing services, social media marketing services to improve your online presence in the marketplace.
h) In-Depth Industry Knowledge Regarding Tools & Trends
Technology keeps changing rapidly. Business owners have to take certain important steps to prevent serious issues like cyber threats. With the offshoring team, this is easy.
They offer the best-updated solution of cyber protection while making sure you have access to the latest tools and industry trends.
i) Move Forward with the Best Offshore Developers
No matter whether you have a startup or medium-sized business, hiring offshore developers helps you to have the same level of expertise as that of established firms.
You can then provide excellent customer experience as per your client expectations.
Outsourcing helps to grow your business while saving you a reasonable amount of cost while keeping you updated with the latest trends.
The only consideration is to choose a reliable service provider who knows gives you the right direction.