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FAQ
What is outsourcing, and why should companies consider it?
Outsourcing is a collaboration model where a company hires a contractor company to complete a project or process. This model has become popular during the pandemic because it allows businesses to start working on a project immediately, reduce project costs, and work with experts with the needed expertise. Outsourcing also offers the benefit of a dedicated team that is focused on the success of the project and will continue to support it even after it launches.
How can outsourcing help companies launch their projects faster?
Outsourcing allows companies to start working on a project immediately after signing an NDA with the contractor company. In contrast, expanding an in-house team takes a lot of time, including opening new jobs, reviewing resumes, selecting the best candidates, conducting live interviews, and onboarding, which can significantly delay the project launch. Moreover, if some team members become sick or go on vacation, their duties will need to be delegated, further slowing down the project's progress. With outsourcing, the contractor company can staff the dedicated team in a few weeks and replace any absent employees within a couple of days.
How can outsourcing reduce a project's budget?
Hiring a full-time software developer in some countries can cost hundreds of thousands of dollars a year, not including taxes and other hidden costs. Financing an entire in-house development team can cost several million US dollars per year. Outsourcing to companies located in countries with lower average market rates for IT specialists can provide less expensive services without compromising quality. By offering a competitive salary to their talents, outsourcing companies can provide services at a lower cost.
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