Why it’s Better to Outsource Software Development
Outsourcing is just like delegating. When you have to deal with something you lack expertise in, it’s only natural to pass it over to someone whose knowledge and skills to finish the job.
In this article we want to give you a proper reason for why outsourcing software development is more than okay.
#1. Outsourcing software development is cost-effective
The 1st and the most significant reason why outsourcing works is its cost-effectiveness. Let’s face it: every business owner or executive always seeks a solution that, while being efficient, won’t cost them all the money in the world. That’s when outsourcing comes to mind!
Have you ever considered what it costs to hire a developer, not to mention the money you need to gather a whole team of skilled professionals? Well, according to the results of Joe Hadzima research, getting an in-house specialist costs about 2.7 x employee’s salary.
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Plus, we shouldn’t forget about all the employment taxes, overtimes, annual bonuses, health coverage, sick leaves and pain vacations, work equipment, and more. It seems like a regular software developer could cost you over $200 grand. And that could be the overall cost of the whole project is you outsource it! Now, that’s some serious saving.
#2. Deciding to outsource saves time
Apart from receiving a clear project estimate from experts in software development, you also save the time needed for seeking and interviewing tech specialists, at the same time avoiding hiring mistakes. It’s like killing two birds with one stone since time means money.
The average time needed to find a close a job opening with a fittable specialist in IT industry as on January, 2018 is almost 30 days, according to the report of DHI Group Inc. And these guys receive information from the Job Openings and Labor Turnover Survey (JOLTS) provided by the U.S. Bureau of Labor Statistics.
So 30 working days later, and you still haven’t started on the project. Considering the candidate will need time to get accustomed, grasp a hold of your idea, and understand the vision – it’s going to be approx. 2 months before you get down to business.
One of the main pros of outsourcing software development is that it helps to quickly build the idea into a product and put it on the market than one would need to gather an in-house tach crew.
#3. Reduces risks of making wrong decisions
“If you think it’s expensive to hire a professional to do the job, wait until you hire an amateur.”
– Red Adair
Developing technologies is expensive, so taking the wrong turn can cost you a fortune. By deciding to outsource software or app development, you choose to work with a vendor that has skills, tools, and experience in building tech solutions. They will guide your technological strategy, assist in making decisions, and direct you to make a superb product, as it is also going to be a living proof of their professional value.
Hiring a professional by your side saves lots of time for understanding how things work and how to make them work the way you want. Of course, it all depends on the type of vendor you stumble upon. This decision is quite tough and requires proper consideration. Here we have an extensive guide on how to choose and hire a development company.
#4. Outsourcing offers flexible contract-based business partnership
You hire an outsourcing company for the duration of the project whether it’s big or small. As soon as the project ends and you get a finished, well-tested and fixed product – all charges stop. Therefore, you pay only for what you get. No additional expenses.
Surely, every project may have a couple of pitfalls here or there, but overall it’s pretty simple. Pay for the product – get the product, nothing more. If the project starts to grow and would need scaling and additional capacity, you would always be able to contact the company and continue where you have left. Simple as that.
#5. It helps focus on core business activities
For a lot of companies, software is not their key competency, but rather something of a temporary necessity. Therefore, it’ll be very difficult, not to mention straight-out weird, to recruit and keep a team of top software engineers to work on a short-time project.
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Rather than struggling with technology issues, you can hire an outsourcing company and use the saves funds and money to develop your core business activities. Moreover, usually outsourcing partners tend to go all over the board in their support to make sure client is perfectly satisfied with what they receive.
Of course, there are always cons to all the pros, and outsourcing the development of software for your business is not an exception. It’s important to properly study vendor’s qualifications and make sure they have the abilities and expertise to deliver what you need.
However, with proper management and strategy, outsourcing allows business to free some time and funds to focus on their own progress.