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A better question might be, why WOULDN’T you want to engage in Offshoring? It’s a win/win in our book (and it can be in yours, too).
When you decide to hire an offshore team, you are opening the door to a massive talent pool at affordable prices due to the lower cost of living and tax rates in countries where Offshoring is popular. Offshoring is trending, kid. Get in fashion.
Today, the number of emerging technology companies is increasing significantly—and so is the demand for software development specialists. The market in the US presents a struggle; there’s a shortage of qualified software engineers, and the sky-high rates of available ones sends businesses running towards other options.
They (and you) want incredible talent who can deliver productivity and performance on budget and on your timeline. That’s where Offshoring comes to the rescue.
So, let’s dive into all things IT Offshoring:
Want an offshoring team that fits your culture and your budget like a glove? Dial us up. TurnKey knows exactly how to find them.
When you choose Offshoring, you’re creating another arm of your company that can do some of your heavy lifting. Your team is likely in Eastern Europe or Latin America, which means you’re getting high quality talent at a lower rate because those countries have lower costs of living and tax rates are favorable.
Don’t confuse Offshoring with Outsourcing. Offshoring is the one you bring home to Mom and then marry. It’s a long-term relationship and that partner really gets to know you. Outsourcing is a shorter gig that covers a project or specialty task, but doesn’t stick around for an anniversary. Both have their place, but here we’re focused on wedding bells, if you will.
The main reason companies go offshore is the desire to cut down expenses and, at the same time, preserve stable growth. When you hire through TurnKey, your dedicated development team performs their work under your brand and supervision, and they are dedicated to your product.
Software development Offshoring creates multiple benefits for organizations. Here are some of the ones with the most razzle dazzle.
Offshoring allows companies to save significant costs, thanks to:
Another benefit? You’re getting some serious bang for your buck. Read on.
Organizations often find it difficult to hire experienced software developers with all the required tech skills in the United States. It’s no wonder, considering how quickly technology is developing in the US—everyone is working at it, and it shows. But that means when you need someone with innovative specialty experience, you’re going to look for a long, long time. Tapping into an offshore model will help you find exactly who you need abroad.
Offshoring with TurnKey means that you remain the boss for your remote team. You manage the offshore team, you determine timelines and deadlines, and you oversee productivity. And with TurnKey, all developers are fully dedicated to your project, immersing into your culture, and giving you every benefit of their mad tech skills.
We can’t speak for other firms, but we’re pretty sure (okay, we’re 1000% positive) that Offshoring with them doesn’t give you the control you deserve. Just saying.
When you’re in the US, but part of your team is in Ukraine or Brazil, for example, you become a 24/7 workhorse. You wake up to a full inbox, completed assignments, and met deadlines. Your company is the software development equivalent of the city that never sleeps.
With an offshore model, instead of your internal resources being spread too thin, they’re ready to help you expand your business. And when you’re ready to scale your team, you can do it in two countries—easily and on budget. Boom!
Since software engineers’ rates are much lower abroad, your company will enjoy expanded gross margins with Offshoring. The cost of living in popular offshore destinations like Eastern European or Latin American countries leads to a lower cost of production, a boost in productivity, and increased profits.
It depends on how you look at it, but if we’re being honest, it’s not all gravy. Here are a few drawbacks to consider:
Here are the top three risks (and how TurnKey turns them into rewards):
Want to turn risks into rewards and get a partner who can navigate challenges so you can focus on product? We’re ready.
Remember, Outsourcing is a short-term relationship. It can be done offshore, but it doesn’t last. Offshoring is what we’ve been discussing above.
Here’s a little compare and contrast chart for you to enjoy. We think you’ll come out of it with YOURshoring firmly on top.
For more information on when to offshore, check out video “When Offshoring is Great, And When It’s A Dog” below.
When choosing the right offshore partner and where your teams should be based, you have to consider many different factors, like the approach to customer service, common understanding of business goals, access to best-in-class talent, employee retention, or cost.
We’ve been there as SaaS entrepreneurs. It’s why we created TurnKey and why we want every company to enjoy the competitive advantage that YOURshoring brings. Our experience tells us that we need to look at Latin America and Eastern Europe. Shall we?
Break free, people. Offshoring allows you to work beyond geographical limitations to scale, save costs, and work around the clock. Every risk becomes a reward when you partner with a reliable firm like TurnKey. Don’t you want to be part of a winning solution? We thought so. Talk to you soon.
No seriously, we’re ready to take your call. You want to be mr. Worldwide and we’re going to get you there.
Offshoring stands for transferring business activities or the entire production process to another country. The primary goals of Offshoring are to access a new labor market full of experienced tech specialists while reducing software development costs.
Imagine a U.S.-based startup that just raised a $20m Series A or B round. They need to scale their engineering team but struggle to find great (and affordable) talent locally. So they look offshore to tap into the vast pools of high quality talent available globally.
Offshoring Research and Development (R&D) enables innovative companies to use foreign knowledge resources. That helps them improve their innovation performance and gain a required competitive advantage. Businesses prefer R&D Offshoring because of lower expenses and stable growth rates.
Often, people use these terms interchangeably, although they have different meanings.
Offshoring means hiring experienced developers overseas to act as an extension of your product development team.
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