Over the past decade, offshore outsourcing has emerged as a promising strategy for global companies. Moreover, offshore development companies have further received a push for growth with the Covid-19 pandemic. This is because businesses are more willing to accept remote work and realize the benefits of employing offshore development services. They are leading the charge for finding the best offshore developers in India, with high financial attractiveness and availability of skilled resources, as per Statista. This blog will discuss the top reasons why offshore development services are more attractive than in-house hiring.
Benefits of IT Offshore Services over In-house hiring
Dedicated offshore development services can provide a host of benefits for businesses, ultimately leading to better productivity and substantial return on investment. Let's take a closer look at some of the top advantages of engaging offshore software development services over in-house hiring.
Cost Savings
Businesses are always looking for ways they can make their operations more cost-effective. The ongoing Covid-19 pandemic has put additional stress on businesses globally to minimize costs. Offshore development services provide a viable option for companies to hire quality resources at a fraction of the cost. For example, according to Glassdoor, the average salary for a software developer in the USA is about $100,000. On the other hand, in India, which is one of the biggest hubs of IT offshore talent, the salaries range from $8,000 to $13,000 for the same type of resource. Therefore, the cost for offshore development services is lower because of lower salaries of resources and owing to lower infrastructure costs in countries like India.
OpenTeQ is one of India's best offshore development services companies, providing competitive pricing for high-quality resources.
Scalability
In a competitive market, companies need to have the ability to scale up and down on demand. Offshore product development services allow businesses to expand their teams immediately and manage their resource requirements with models such as pay-as-you-go. This works well for small and big businesses alike and enables organizations to handle peak loads with ease.
OpenTeQ's offshore development and support services are tailored to your exact requirements. We help you meet the market's changing demand and supply needs.
Extended Operations
Offshore teams are usually located in countries having a considerable time difference. In-house teams can coordinate with some overlapping in working hours to ensure smooth communication and transition. In addition, businesses get the benefit of round-the-clock operations with offshore development companies. This again supports faster time to market in an industry where speed is of great value. For example, the in-house team closes business for the day and hands over the work to the offshore application development company. The offshore resources work while the in-house teams are off the clock and applications are delivered faster.
OpenTeQ’s highly-qualified resources provide nearshore and offshore software development services that match global standards.
Focus on Primary Business
Hiring in-house resources come with a lot of additional responsibilities. The hiring process itself consumes effort, time, and cost. Moreover, new talent needs to be trained, the necessary support needs to be provided, and administrative formalities need to be managed. Especially for small and medium-sized companies, this is a huge undertaking and can result in loss of focus on the core business activities. Offshore development companies take away the hassles of hiring and resource management, allowing you to concentrate on activities that create business value and build better customer relationships. OpenTeQ’s dedicated offshore development services free up your valuable time and resources enabling you to expand your business offerings. In addition, with our Offshore software maintenance services, you can be sure of ongoing support for your products and applications.
Access to Global Talent
Offshore software development centers are always ready with the best offshore developers and global talent. As a result, businesses can get global talent proficient in the latest technologies, flexible, and comfortable with client’s local language. Hiring offshore resources also brings a certain level of diversity to the team, making the organization more inclusive and culturally enriched. In addition, offshore software development companies like OpenTeQ have specialized resources that can be onboarded with minimal training. This saves valuable time for businesses and results in faster Go-To-Market (GTM).
Conclusion
Global companies look for Offshore development centers to boost growth and stay relevant in a competitive market. Choices and better connectivity have further strengthened the case for offshore development companies as remote working has become easier and more acceptable around the world. Therefore, organizations need a reputed partner providing offshore software development services customized to their needs. Furthermore, the chosen vendor should have the expertise and be trustworthy to make the experience truly valuable. OpenTeQ offers the best offshore development services as per your specific requirements. Our track record of going above and beyond to drive client and partner success has helped us build long-lasting relationships with our customers.
