TurnKey Pricing: 5 Main Things You Need to Know About Tech Staffing Cost

photo 2024 11 26 14 19 38

Unfortunately, in the world of offshore tech staffing, hidden fees are the thing you will always see. But we in TurnKey Tech Staffing refuse to go along with a crowd, so we build our pricing model built on transparency and trust. 

For clients, this means no surprises — just a clear understanding of what you’re paying for and why. For developers, it ensures fair compensation and an aligned partnership. For us, it means that we can deliver the best services possible for our clients – and that’s our main priority. 

Table of Content

What is TurnKey Pricing in Tech Staffing?

Our pricing in TurnKey Tech Staffing is built on the principle of complete transparency in tech staffing, ensuring that clients have full visibility into every aspect of their costs. At its core, our model operates on a simple “cost plus” structure: clients see exactly how much their offshore developers are paid, along with a capped fee that covers our services. This approach removes the uncertainty and hidden charges often associated with traditional offshoring models, and this creates a straightforward and predictable pricing structure.

The mechanics of our pricing start with developer salaries. Unlike many other staffing companies that bundle salaries and service fees into a single opaque fee, we reveal the exact amount each developer earns. This is a guarantee that our clients know the exact compensation of developers and can ensure that they are fair and up to market level. With fair salaries in place, our clients can retain talent more effectively, as developers are less likely to seek opportunities elsewhere when they know their compensation aligns with market standards.

The 5 Main Points About Tech Staffing Costs

When it comes to tech staffing, it is essential to understand the true cost. Otherwise, it is impossible to make informed decisions. Here are five essential factors to consider when calculating tech staffing costs, with an emphasis on the value of transparency:

  • Base Salary of the Developer. The foundation of any tech staffing cost is the developer’s salary. This should reflect the developer’s skills, experience, and location. Transparent pricing means knowing the exact salary and ensuring developers are compensated fairly, which directly impacts their motivation and retention.
  • Recruitment and Onboarding Expenses. Hiring a skilled developer involves costs such as recruiting, background checks, and onboarding. These expenses should be clearly outlined to avoid surprises and to help you understand the investment needed to integrate new talent into your team.
  • Administrative and Compliance Fees. For offshore staffing, there are often additional costs related to legal compliance, payroll, and local taxes — we cover them with our comprehensive EOR service. A clear breakdown of EOR fees is essential to ensure everything is accounted for and legally compliant.
  • Retention and Growth Costs. Beyond hiring, retaining top talent requires investments in promotions, raises, benefits, and professional development. Transparency in these areas allows you to plan effectively and ensure developers feel valued, reducing turnover and maintaining team stability.
  • Staffing Agency Fees. When you’re working with a tech staffing agency, these fees are a critical component of the overall cost. Look for a model that provides clear details about agency charges — as TurnKey does. Beware: if you are charged with a single fee that covers everything, from developers’ compensation to agency fees, your provider can artificially inflate the number to increase their own profit margins – at your expense.

Why TurnKey Pricing is Ideal for Our Clients and Offshore Developers

TurnKey’s transparent pricing model is designed to create a win-win for both our clients and the developers we hire. Here’s why it works so well:

  • Market-Level Compensation for Developers. When you know exactly how much your developers are paid, you can ensure their compensation is competitive within the market. This will make your vacancies a magnet for top tech talent.
  • Precise Expense Planning. With no hidden fees or surprise charges, you can plan your expenses with confidence. You’ll know exactly what you’re paying for, from developer salaries to administrative fees, making budgeting straightforward and predictable.
  • Better Team Engagement and Retention. Transparent compensation fosters trust and satisfaction among developers. When they know their pay is fair and aligned with industry standards, they are more likely to stay committed to your team and less likely to look for other opportunities.
  • Control Over Compensation Decisions. Our model gives you control over raises, promotions, and equity grants. This flexibility ensures that you can reward high performance and retain key team members without navigating unnecessary hurdles.
  • Trust Through Clarity. Transparency eliminates any guesswork or suspicion about how your money is spent. This clarity builds trust between you, TurnKey Tech Staffing, and your developers, creating a more collaborative and productive working relationship.
Screenshot 2024 12 13 204408

Summing Up

Our approach to pricing redefines old-school tech staffing. With clear cost breakdowns, control over developer compensation, and no hidden fees, it empowers you to make informed decisions and retain top talent. We create a win-win for businesses and developers alike, proving that transparency isn’t just good ethics — it’s also a smart strategy for your teams’ growth and productivity.

December 13, 2024

TurnKey Staffing provides information for general guidance only and does not offer legal, tax, or accounting advice. We encourage you to consult with professional advisors before making any decision or taking any action that may affect your business or legal rights.

Tailor made solutions built around your needs

Get handpicked, hyper talented developers that are always a perfect fit.

Let’s talk

Please rate this article to help our team improve our content.

This website uses cookies for analytics, personalization, and advertising. By clicking ‘Accept’, you consent to our use of cookies as described in the cookies clause (Art. 5) of our Privacy Policy. You can manage your cookie preferences or withdraw your consent at any time. To learn more, please visit our Privacy Policy.