To get an edge over the competition, development companies around the globe want to work with top-notch developers. However, the high salary demand of local developers is shifting the focus of companies towards offshore development.
And why not?
By hiring offshore developers you can easily save up to 60% of the development cost. That’s huge! Moreover, 68% of the millennial population is willing to work virtually. The unprecedented growth of the outsourcing industry is quite obvious.
In fact, the employment trends forecast of the World Economic Forum says that remote working has become a major driver of the workforce transformation. Thus, building an offshore development center can definitely prove beneficial for your business.
Still, thinking if hiring offshore developers is worth all the efforts? Would it really benefit you? What if it didn’t? Here’s a complete guide on the pros and cons of working with offshore developers.
1. Reduces turnover rates
A study done by Stanford University revealed that employee turnover rate falls by a whopping 50% by hiring a remote workforce. Working from the comforts of home drives employee’s efficiency and productivity. Thereby, triggering their job satisfaction and loyalty while escalating the profitability of the company.
2. Considerable elimination of overhead costs
Operational costs decrease significantly through remote working. According to the reports of Forbes magazine, firms like Cisco and Aetna reportedly save an approx of $ 277 million and $ 78 million respectively through remote workforce options. Isn’t that massive?
3. Promotes environmental friendliness
Working remotely doesn’t require commuting. Therefore, the environment witnesses a considerable reduction in carbon footprints and helps companies go green and save the environment.
4. Gives access to an expanded pool of talents
By hiring offshore developers from an offshore location, you get hold of an extended pool of global talents. And that too at reasonable rates, without having to worry about geographical restrictions and relocation issues.
5. Facilitates higher engagement level
A survey done by Global Workplace Analytics revealed that an approx of 53% of offshore developers are open to work overtime in comparison to their in-house counterparts. Only 28% of in house employees are open to doing the same.
Doesn’t it speak volumes about the engagement level of remote employees? The flexible working hours is definitely a motivating factor in increasing the engagement and productivity of remote workers.
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1. Management and control issues
Working with offshore developers might lead to certain management and control issues. However, you can easily resolve these issues by hiring a dedicated IT outsourcing company. It ensures that your tasks will be complete in the required time frame.
2. Lack of proper coordination and availability
Since the products developed need regular support and maintenance, the time zone difference can be a barrier in coordination and instant availability of the remote developers. Though a prior intimation regarding the same can help in coordinating with the remote team effectively.
3. Language and cultural differences
Language and cultural differences can be an issue. Hence, it is imperative to hire developers from an outsourcing provider who understands, coordinates, and supervises your outsourced employees well.
4. Security issues
Since all information is on the cloud, your confidential data can be at risk while working with remote developers. So, make sure you have a deep insight into the NDA, IT policies, and security parameters of the outsourcing provider you are going to work with.
Now, as you are very well aware of the pros and cons of hiring remote developers, it is clear that the pros of IT outsourcing weigh more. Moreover, You can easily take care of the cons with proper control & management. All you require is an impeccable outsourcing provider and you are good to go.
Connect with Your Team in India, India’s leading IT augmentation service provider having state of the art infrastructure, round the clock availability, high-end security along with the global pool of IT talents and get hold of your very own offshore office with the quality and focus of an onshore office.
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