Save up to 60% on salaries by hiring a remote developer at an offshore location
How does the Offshore setup work?
This is a business model where the developers work as a full-time employee on the vendor’s payroll at a remote location, this helps saving cost as generally, the developer’s salaries are less compared to the location of the client.
“The Global Outsourcing Model has reached $92.5 Billion in 2019. - Statista”
What are the Benefits of having an Offshore team?
1- Reduced Salaries as Avg Salary is lower compared to sourcing country. 2- An increased pool of Talent, You get to hire some of the best developers. 3- Reduced Efforts and time in hiring the developers. 4- Increased Service quality of product development.
“As Per Deloitte, 78% of business owners are satisfied they outsourced.”
Global Outsourcing stats?
Major Outsourcing region-wise Hourly Cost
1- According to Statista, the Global Outsourcing industry has been doubled by 2019 to $92.5 Billion from 45.6 in 2001. 2- Application Development has topped among all the outsourcing services and has a share of almost 37% and is likely to increase. 3- Among all the countries almost 64.2% of outsourcing is from the US itself and is followed by the UK and further by a few Gulf Countries.
How to Setup a Highend Offshore team.
1- Decide the country to set up this offshore team. 2-Pre-Screen Companies based on size and cost. 3-Check the Companies past client’s, delivered work and tech strength. 4-Understand their communication and security process. 5-Interview Developers and check their efficiency, (Always do a Video Call) 6-Setup Remote team management tools and strong contracts with penalty clauses.
Reference-
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