Taking on new projects such as software development or digital transformation plans requires a certain level of expertise. The tasks involved in these projects are typically complex and time-consuming. The resources needed to set up an in-house team for such tasks are usually uneconomical for most businesses, and it is not always easy to find skilled and qualified local talent.В
Due to technology’s simplification of access and communication, many businesses have now shifted from using full-time employees to using remote offshore teams for effective scaling and taking on new projects. Offshoring involves a business sending in-house tasks to contractors located in a different country. The business maintains full ownership of its business operations while reducing labor costs.
Partnering with an offshore team has many advantages, which is evident in the number of companies that have adopted this model in recent years. Below are a few ways having a partnership with an offshore team can positively impact your business.
The benefits of hiring an offshore team
- Boosting business capacity. Many businesses become overwhelmed with an influx of new business because they don’t have the required resources available in-house. But with offshoring, you have access to extra capacity that allows you to scale your business without hiring full-time resources at high costs.
- Reduced costs. Hiring an offshore team can considerably reduce costs in HR, equipment, infrastructure and employee salaries. There is also no need for personal office space and equipment. With an offshore team, you pay only as long as your project is under development.
- Access to skilled talent. It’s not always easy to find specialized talent in local terrains. Offshoring provides you with broad access to a great talent pool with the right experience, knowledge and skills. You can list your requirements and find exactly what you are looking for.
- Improved technical competency. By partnering with an offshore team, you get access to new ways for getting things done and work with innovative talent with strong skills and technology experience. As a result, access to the best technology and equipment becomes possible.
- Faster and more effective scaling. Most offshore teams have all the resources they need to function effectively. These include the necessary office space, technology, equipment, etc. This makes partnering with offshore teams a low-risk growth strategy for businesses as they can scale affordably.
- Taking up a consulting role. Working with an offshore team takes away the task of managing complex and time-consuming processes. This allows you to take on a consulting role, so you get to monitor your team while maintaining or improving your relationship with your clients.
- A more focused approach to business development. Most mundane and tedious administrative tasks can be eliminated from the responsibilities of your in-house staff when using offshoring. This can help your in-house employees to focus on taking on more high-touch work and growing your business in innovative ways rather than getting stuck in the weeds of day-to-day routine.
- Access to cutting-edge technology. You can partner with an offshore team to gain access to their technologies and the minds behind them. You also won’t be responsible for updating and replacing these technologies when needed.
- Enhanced possibility of new initiatives. To stay competitive, you want to invest in new and exciting projects. With a dedicated remote team, you can start experimenting with innovative software development projects, build improved operating systems, develop business applications and create network control systems in a shorter time frame without the risks and costs associated with recruiting and retaining in-house staff necessary to kick-off those new initiatives.
Like any other business model, offshoring is not without its challenges. However, as long as you research the right partner and establish a solid relationship, the advantages you can gain exceed that of many other models.В
Offshoring as the key to your business’ growth and success
It is often difficult to find the right local talent or a reputable agency in a certain location to do the tasks your business needs at an affordable price. It’s a common problem for many, and that is why increasingly more businesses opt for setting up an offshore team. Another reason why businesses outsource their tasks to external vendors is to manage costs and to get access to skilled talent.В
Through the years, managing offshore operations have improved significantly. This ensures that all employees participate as equals in a business environment while offering innovation, fresh perspectives and, ultimately, generating more profit for your business.
Contact Codifi if you’d like to learn how our veteran development team, as well as the tried and true operating processes can help you scale your business!
