Saying Covid-19 has impacted and will still impact our lives for the next decade, at least is an understatement of the year, but with 2 vaccines approved in the united state, 1 in Russia,1 in China and UAE at the time of writing this post, we might be seeing light at the end of the tunnel, soon.
As in the case of any major changes, the question is will things get back to normal? and if it doesn’t are we equipped to deal with the new reality? And in the digital development world, how can we cope with the aftermath of Covid-19?
In this post, we will discuss the reasons why we think offshore outsourcing could be the best way for you to get your projects done.
Before diving deep, it will be wise to know what is offshore outsourcing:
Offshore outsourcing is a strategic practice in which a business hires a third party supplier to perform work in a nation other than the one in which the hiring business primarily conducts its operations.
Statistically, offshore outsourcing is gaining more prominence pre Covid-19, and with the pandemic, the statistic has increased significantly. According to the recent research:
- Business Processing Outsourcing (BPO) market size is expected to reach $405.6 billion by 2027.
- Over 93% of organizations are considering or have adopted cloud technology to improve outsourcing.
- IT jobs are the most commonly outsourced jobs in the SME sector.
- The global IT outsourcing market is expected to grow by $98 billion by 2024.
- More than half of all companies use third-party support teams to connect with customers.
Reasons to Outsource your projects offshore
- Save on Costs: One of the major benefits of offshore outsource is that you can save a lot on your expenses and still get very good quality products. When you hire an offshore team, you only pay for the job they do, or the hours they put in. No training fee, no health package, no paying for equipment, no taxes. According to a report on indeed.com, the average salary for a middle PHP developer in the US is 6,475 USD monthly compared to 2,800 USD the same level of developer earns in Ukraine. That’s an astonishing 3,675 USD difference.
- More flexibility when it comes to hiring: Since you are lo longer constrained by the border of your country your options in hiring the best personal or team that matches your needs substantially increase. You can dive deep into talent pools in any country for the people you need.
- Time management: Hiring an offshore development team means you can save time and focus on another aspect of your business. The offshore team you hire will be responsible for getting your project done, and all you have to do is schedule a daily meeting or weekly meeting to follow the work progress and also make sure things are going according to plan.
- Different time zone: There is this myth that having separate time zones affects productivity, that couldn’t be more far from the truth. Imagine leaving in Asia and you hire a team from Ukraine, by the time you close for the day, and leave instructions for changes you need, it’s just noon in Ukraine, which gives the development team ample time to get the task done, or at least, complete a significant aspect of it.
- Increase your efficiency: Hiring a team of specialists will increase the efficiency at which your project is done and delivered. You don’t have to explain every single aspect of the project to them, although a good project documentation will also go a long way in helping both you and the development team.
Reasons to choose Stafflancer as your offshore outsourcing partners:
Over the years, we have had the privilege to provide outstanding offshore development services to some incredible companies in China, Hong Kong, the USA, The Netherlands, U.A.E, Italy, France, just to name a few. Our services include web and web application development using technologies like Laravel, Drupal, WordPress, and Magento, as well as hybrid mobile application development using React native, and ionic framework.
Testament to our quality work, we were ranked by Clutch amongst the top web development companies in Ukraine in both 2019, and 2020 and we were also ranked in top 20 drupal development companies in Ukraine
With offshore outsourcing gaining more relevance, maybe it’s time for you to get up on the wagon and start having success stories. Contact us today to get started, and we will walk you through our processes, and how best to implement your ideas.