Everyone is longing for the world to get back to normal amidst the ongoing COVID-19 pandemic. But even as protesters are taking to the streets calling for businesses to reopen quickly, health experts are telling us we need to prepare for a “new normal“.
Companies have experienced varying success with work-at-home models during the lockdown. Those in the field of software development should prepare for a revolution in the wake of the pandemic. Companies will be evaluating their work models as COVID-19 continues as a threat that many health experts predict to extend into 2021, 2022, and even 2023.
Nearshore Outsourcing in COVID-19
Nearshore outsourcing for software development, in particular, will become more attractive for companies searching for the best model moving forward. You don’t want your company to fall behind the competition. Just consider the benefits of nearshore outsourcing:
Software Engineers Experienced in Remote Work
When you rely on nearshore outsourcing, you’ll be hiring software engineers who already are experienced in remote work. They’ll also have the tools, education, and skills in place to tackle your assignments. These engineers have proven to be self-motivated and are used to working with teams in different locales. They don’t require the types of amenities and close working environments of engineers who always commute to a fixed worksite.
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They also can be brought online quickly and are used to getting up to speed on current software development situations. They’ll come ready to contribute ideas to improve your current software and your development processes.
ParallelStaff’s engineers come to your team with more than eight years of experience in software development. They also have passed rigid English proficiency tests, so you don’t need to be concerned about overcoming a language barrier. Additionally, they must have passports and visa permits that allow them to train in the United States, if necessary.
Cost Savings for Remote Work
Whichever version of remote work you choose to adopt for your company will result in cost savings. Global Workplace Analytics reviewed more than 4,000 studies, reports, and articles, and noted that businesses save at least $10,000 per year in real estate cost for each full-time employee who works remotely. Add to that the benefits of greater employee retention, decreased absenteeism, increased productivity among telecommuters, and decreased job training to replace lost workers, and your company will recognize even greater savings in the long haul.
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When you add nearshore outsourcing in, you’ll save even greater money for employees’ salaries and associated tax and benefit costs. ZipRecruiter reports that salaries for software engineers in the United States range from $44,000 a year to $154,000. The average lands just a few hundred dollars below $100,000 a year. Add about a third to that for taxes and benefits, and you’re looking at spending about $130,000 a year for each software engineer on your team. The average cost for a nearshore sourced software engineer, with no overhead or training cost, is a little over $90,000 a year. This gives you an average savings of about $40,000 per year.
With ParallelStaff, you make only a 90-day commitment to each engineer you bring onboard. Then, you can decide whether to make the person a permanent member of your team.
The efficiency of Remote Working
As the Global Workplace Analytics report mentioned above pointed out, remote workers generally are more efficient than those in a standard work environment. Studies show that remote workers often commit the time they would have spent commuting as working hours. This often adds five or more hours a week to their actual work time.
Meetings conducted remotely are more focused and don’t wander off-topic. Parties understand the time limitation and have their information prepared before the meeting. Remote workers also understand the value of messaging or email for handling quick issues rather than walking down the hall to bounce an idea off of a co-worker.
ParallelStaff also has monitoring programs in place with its engineers so you receive daily or weekly reports on the amount of computer time they are committing to your projects. Better than that, you see the results. They are committed to seeing your projects through to a fast and successful conclusion.
Getting Ahead of Your Competition During COVID-19
As companies tighten their belts and search for ways to spend efficiently during the recovery period from COVID-19, all options will be on the table. Your competitors will be looking for the fastest and most efficient methods to get their new products and services to the market. And we all know that oftentimes, the first software provider to reach the market becomes the winner.
You need to take this opportunity to look at your software development program. Ensure it is operating as efficiently and effectively as possible.
Nearshore outsourcing allows you to bring software engineers into your team who are able to work within the same time zone as your company. And, you can bring them onboard within a week or two. Once the recovery time hits from the COVID-19 shutdowns, companies will move quickly to get their products and services before customers and investors. The faster your team is onboard and focused on meeting customers’ needs, the more advantage you’ll gain over your competitors.
The advantage of working with ParallelStaff to conduct your nearshore outsourcing during COVID-19 is that we already have relationships with the software engineers. This lets us greatly shrink your onboarding time to get a team fully operational. ParallelStaff’s turnover rate is less than 1 percent and our engineer attrition rate is below 5 percent. You can be assured the team you select will stick with your project.
If you’re ready to learn more about how ParallelStaff will help your company build a fast, efficient and economical software development team for one project or your ongoing software needs, contact us today for a free consultation.
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