The pandemic has established remote work as the new norm for enterprises of all sizes and domains. The tech industry is no exception—and with the right tools, IT companies’ success in the digital era can know no bounds. This is because remote work offers a host of advantages, especially when hiring software development teams.
For starters, a remote workforce gives companies access to a global talent pool. Pair that with the ability to outsource tasks, and you get the benefits of remote workers without the overhead of in-house employees. Outsourcing helps companies control hiring costs while becoming more efficient across the board. A remote software development team grants companies the space to innovate, take advantage of new opportunities, and respond to market changes. Hiring a dedicated team of professionals frees core business personnel to focus on their specialties and best serve your clientele.
An IT consultancy firm is invaluable in staffing digital transformation projects. That’s because digital transformation projects require employees with skills in emerging fields, like Artificial Intelligence (AI), data analytics, and specializations in software development. Being restricted to an applicant pool within your office’s geographical radius just doesn’t give you the best chance of finding the right talent for the job.
Fortunately, hiring a remote team lets you access talent beyond geographical boundaries. Handing these reigns to an IT consultancy firm also means that you won’t spend precious time, labor, or money recruiting and onboarding your new remote employees. Not to mention, onboarding new employees involves tedious administrative tasks, such as setting up payroll information, collecting tax documentation, and ordering employee IDs. An outsourcing provider eliminates this work for your team. The company handles the paperwork and administrative work for onboarding employees. They do the heavy lifting, and you reap the rewards. It doesn’t get sweeter or simpler than that.
Furthermore, remote software development teams lower recruitment costs. New benchmarking data from the Society for Human Resource Management (SHRM) estimates the average cost per hire to be nearly $4,700. The SHRM also reports that filing an open role takes an average of 30-45 days. Lengthy hiring processes delay projects and inhibit company agility.
Granted, training is an unavoidable administrative cost in onboarding new employees. New hires need to be trained on company policies, their job responsibilities, and the systems that make it all happen. All of this takes time and further delays employees being ready to work at full capacity. Luckily, IT consultancies like Growin continually train their team members according to market trends. This ensures that the companies that partner with them always receive talent with competitive, up-to-date skills.
It goes without saying that continuous learning is essential to maintaining a skilled workforce. This requires not only establishing great upfront and continual training programs but also effective ways to measure employee success. Employee reviews and feedback, for example, help employees celebrate their triumphs and troubleshoot their problem areas. This is why constructive feedback ultimately improves employee satisfaction and company operations. It’s worth noting that these processes involve setting goals with individual employees and teams, assigning training, and regularly conducting reviews. Though undeniably beneficial, all of this poses an administrative burden to companies with hundreds of employees. So, don’t be bogged down by something that’s meant to uplift you.
Another area where outsourcing helps companies is through cost cutting. An in-house team comes with significant financial responsibilities—including but not limited to salaries, health insurance, and benefits packages. Companies stand to save big when they pay for only what they need via outsourcing.
Hiring in-house software development staff also bears legal responsibilities as well. Companies will need to handle matters like employment taxes, establishing personnel files, obtaining worker’s compensation insurance as needed, and workplace safety training. However, these endless stacks of paperwork disappear in the blink of an eye when you opt to work with a third-party provider.
Employee retention poses additional stress to many companies. The key to eliminating this stress is having a defined retention plan. A retention plan helps mitigate the risk of employee turnover, which impacts project timelines. Still, things happen, and people change. Fret not! A third-party provider can seamlessly replace team members to keep timelines where they belong—on time.
Many companies face challenges with their procurement processes. These challenges include:
Evolving Technology: Technology changes daily. The procurement team may not always know which equipment is best. As a result, employees may receive subpar or outdated equipment that does more harm than good.
Process Inefficiencies: Procurement processes are time-consuming manual processes mired in approvals—all of which delay employee onboarding.
Supplier Issues: Supplier management in procurement includes vetting vendors, keeping up with vendor performance, and assuring product quality. The process is an administrative overhead that often requires an entire department to manage.
Equipment Tracking Issues: Staying informed on the whereabouts of equipment as it’s being shipped is vital to preventing lost equipment and therefore lost funds.
Hiring an outsourced software development team lets you skip all the logistical headaches of procurement. The firm provides employees with the latest technology so they can get to work straight away without the stress of having to acquire it themselves.
Outsourcing is a great way to scale while keeping your costs down.
Remote work offers a host of advantages, especially when hiring software development teams. For starters, a remote workforce gives companies access to a global talent pool. Pair that with the ability to outsource tasks, and you get the benefits of remote workers without the overhead of in-house employees. Outsourcing helps companies control hiring costs while becoming more efficient across the board.
With Growin’s IT Outsourcing approach to hiring, you can focus on your core business processes without worrying about the overhead of hiring and managing in-house personnel. Reach out to us to find an approach that suits you and your team today.