Eximius Solutions
As the world economy realigns itself following the unprecedented developments of 2020, companies of all sizes and across a wide variety of industries are re-evaluating their human resources and working arrangements. Remote working seems set to become the new normal, with teams and supply chains spread across the globe in ways that optimise efficiency while controlling costs.
In the United States and Western Europe, IT workers and web development specialists remain in high demand and able to command six figure salaries and pick and choose the companies and working arrangements that most tickle their fancy.
As the relentless march of digital development and the necessity to transact online continue unabated, large and small companies alike are looking for ways to control what is a major cost center without a reduction in quality.
Outsourcing web development work to a reliable partner in Central or Eastern Europe is becoming more and more common as clients in the US and Europe come to realize that they can achieve the same results for about half the cost.
Outsourcing - The Cost vs Quality Tradeoff
Source: Accelerance - 2020 Guide to Global Outsourcing Rates
With this however comes a big caveat. As with anything in life, you get what you pay for, and making a web development outsourcing decision based solely on the lowest bid can end up leaving you in a world of pain.
The chart above from the outsourcing consultancy firm Accelerance does an excellent job of demonstrating what you are likely to be sacrificing for every $10 reduction in a remote developer’s hourly rate.
English proficiency, cultural understanding, experience in working with international clients, and core technical expertise are among the most important considerations. Companies in the United States and Europe will find that web development can be reliably outsourced to an experienced partner in Central or Eastern Europe for about half the cost per hour at an equivalent standard of quality.
You should however do some basic research and due diligence on your potential partner before you commit. Ask your partner to provide details of past projects and references from previous clients. Discuss the full scope and expectations of the project before signing a contract so that there are no unpleasant surprises. Talent is a globally distributed resource but the cost of hiring and keeping the best workers can vary substantially around the globe. If you keep an open mind and focus on building long-term relationships with top talent no matter where in the world they are located, your business can flourish and grow in the ever-changing global economy.