Acquiring solid developers at a price you can afford is a real balancing act. Sure, to a certain point VC capital, crowdfunding and industry grants can help, but there is always risk. Depending on where your business is at, you may not want to invest in long term, IP and equity demanding employees. In this case, you may be wise to keep your technical leads close and fill the balance of the team with offshore resources.
We reached out to Doug Mills, founder of Echo Resourcing to ask about some of the benefits for hiring offshore developers. Here are five reasons you may want to outsource some of your development work.
Quick to Market
Leveraging an established and reliable vendor allows you to pull from their pool of tried and tested resources. You don’t have to spend time scouring the job sites and local market for resources. You are good to go.
No loss of IP/Equity
Keep your intellectual property and company’s equity to yourself and your most valued employees. Offshore is a tool to help you build that successful business while maximizing your profit potential.
Flexibility (swap out/in)
Keep your company agile and easily adaptable to your business and clients. This means never having to say “No”. As clients, projects and requirements evolve, so does your workforce.
You pay for what you use and not a penny more. Employees come with massive overhead of at least 30% on top of their salary. A properly constructed contract ensures you pay for billable hours only. Vendors take care of the overhead associated with top tier infrastructure
Run a 24/7 operation
Having developers in different time zones means you can have a team working on your project 24 hours a day. Offshore development can help you get projects done faster and meet critical deadlines.
If you would like to learn more about affordable offshore development, contact Echo Resourcing for a free consultation.