the IT outsourcing industry is estimated to be worth over 400 billion dollars in 2018. While global IT expenditures are forecast at approximately US$3.79 trillion in 2019. Hiring an offshore development team in India provides businesses access to efficient resources at a cost-effective price therefore the demand to hire offshore developers is increasing. Also, it enables access to a wider pool of talent, the latest technology development, quality-oriented solution, etc.
Apart from this, there are several other perks of working with an offshore team. Consequently, an increasing number of companies around the world want to outsource their web or mobile app development projects to other countries like India.
Why India?
Check out these stats and you’ll find out. In 2018 and 2019, India was regarded as one of the most trusted countries for hiring offshore developers. According to Statista, India has 65% of outsourced jobs. And the percentage continues to increase.
57% of business leaders say that hiring an offshore development team in India has helped them to effectively meet their business objectives.
Relocating your software development offshore will always be a huge business decision. Hence, the benefits must be significant and tangible. Listed below are some important benefits that prove how your business would benefit from hiring an offshore remote developer team in India.
1. Cost-efficient:
India’s affordable employee costs are a major reason for offshore cooperation. This is much lower than what developers in other countries are asking for. Thus, you will spend less on resources and still achieve high-quality work.
2. Enormous Talent Pool:
Polls and research indicate that there were about 2.6 million software and technical graduates in India in 2018. This proves that only India is in a position to cover the shortage of technical professionals worldwide.
Furthermore, businesses are adopting the concepts of power hiring and top-grading to filter in the most qualified candidates.
3. Infrastructure:
India has a vibrant business environment that boosts productivity. And India has a highly developed infrastructure, which is the main reason for organizations to undertake the hiring process of remote developers in India.
Moreover, India is one of those countries where the anglophone population is high. Hence, hiring remote developers from India will lead to a smooth journey in terms of communication.
Hiring Process Of An Offshore Development Team In India:
1. Identify Accurate Information About Business Requirements:
Before you start searching for developers, put considerable time and effort to identify your business requirements. This includes analysis of team sizes, timeframes, deadlines, project managers, technologies methodologies, and so on.
Besides, assess and make critical calculations about the capability, expertise, and objectives of the in-house team. This way, you’ll get a sense of the technical shortcomings that you need to address. Next, determine the expertise, technology stack, and competencies that you would need for the project.
2. Determine Budget:
After you identify business requirements, you must determine your budget to hire remote developers from India. The budget will be based on developers’ team size and timeframe. Given that an offshore company works on a project basis, you will have to spend far less on offshore developers than on an in-house development team.
3. Search Offshore Companies:
Start finding an offshore development services partner who can answer your questions, provide guidance, and have confidence in you. Bangalore is one of the most highly ranked cities for offshoring in the world. It is commonly called the Silicon Valley of Asia. There are hundreds of thousands of engineers and many more who come into this field each year.
Bangalore caters to thriving and talented IT communities, and bursts with developers who could surpass your expectations. If you collaborate with the right partner for your project, they will certainly assist you to make your ODC partnership a well-managed and smooth journey.
4. Checkout The Selected Companies Portfolio:
Spend some time exploring the previous work of the developer. Evaluate their track record and determine whether their working style matches your requirements or not. Each business is different, along with its requirements.
An offshore development company that has generated great outcomes for someone else may not be able to do the same for you. Therefore, look into the developer’s earlier work to get a sense of what to expect. You can also get in touch with their former clients for recommendations.
5. Discuss & Sign The Agreement:
Once you hire a dedicated developers team that can meet your requirements, then it’s time to work together. You must sign an agreement determining all the rules, policies, and conditions for the project as a clear business deal is important for successful outsourcing. Identify and report your work objectives.
Keep in mind that this is a bilateral agreement and that both sides must be transparent and clear about their needs and competencies. The scope of the project should be specified, with a focus on the final operational outcomes.
6. Identify An Effective Project management Tool:
To work with an offshore development team, you just can’t rely solely on lengthy email exchanges. You must identify advanced project management collaboration and tracking tools like Trello, Slack, etc. Through these tools, you can track the tasks, progress of the team, lead discussions, and many more.
Wrapped Up:
It is necessary to keep abreast of the latest technological trends to enter the market rapidly. The IT field is broad, and there are many new talents every other day. If you want your business to shine then you should consider the idea of hiring an offshore development team.
India is increasingly becoming the hub of outsourcing developers as there are best developers available at a very low cost. They are good at managing and executing the project. Thus, they will ultimately assist you save costs and provide the best outcomes for your project.
