Is it time to hire an offshore team?

Businesses are using offshore staffing more and more in a bid to cut costs, increase productivity, and expand. Maybe it is time to hire an offshore team for your company too. Though not limited to any particular field, offshoring can be particularly beneficial to companies in the business of software development or IT sector in general. It’s the need for a highly specific skill set in their employees that make offshore locations desirable for recruitment. Yet, offshore staffing has many advantages to offer to any company looking for a cost-effective solution to substitute managing an in-house team.
But if you are unsure whether you need to jump aboard offshoring, some signs can be seen within your company to help you out. Don’t just do it because everybody is doing it, do it because you need it. We share with you five such signs to find out if your business is ready, and it is time to hire an offshore team.

  1. Lack of talent

    Your company’s productivity and, subsequently, success depend on your employees and how talented and dedicated they are. Sometimes it can become challenging to find the desired talent locally for companies. In this competitive market, every company needs the best for their business. For companies with big budgets, the cost is not an issue, and they can grab the top talents for their gain. This usually leaves the small businesses at a disadvantage as they can’t get the talent they require to compete and grow. With offshoring, though, companies can hire highly qualified professionals at an affordable price. It allows them to bring experienced and talented employees on board as well.

  2. Your team requires a specific skill set

    Earlier, we stated how offshoring is particularly beneficial for software development businesses. These companies require highly specific skill sets within their teams to operate, which can cost them a lot. It is almost impossible to hire such employees without splurging big because of their lacking numbers in countries like the USA. Yet there are countries, like India, that is known for her excellent IT institutions and infrastructure. They have some of the best engineers and developers in the world, that too at affordable prices. So, if you are one of such companies that require professional expertise for specific jobs to gain a competitive edge, it is time for you to hire offshore employees.

  3. Spending time on administrative tasks

    If you feel that a lot of your time is being spent in doing the administrative tasks of your company, and managing your employees and teams, maybe it is time to outsource specific roles and jobs. A lot of startups and small companies come into the business world with new and innovative ideas but are unable to leave their mark as they soon find out it takes a lot more to run a business than a great idea and an iron will to succeed. They find themselves swarmed with the big and small back-office tasks that are essential yet not their forte. It takes away their focus from innovation and growth strategies that are of the utmost importance for a company to expand. So if you, or your employees, are spending more time on completing mundane and repetitive tasks instead of doing your actual jobs, you should consider outsourcing.

  4. Unable to scale up

    As a company begins to grow, they acquire new customers and clients whose demands they need to fulfill. Unless the company’s current team can keep up with the increased demand of the business, a company might find itself turning down new opportunities and clients, effectively turning away increased profits. It can either be because recruitment is a long and exhausting process needing much of your attention, or because the new opportunity is project-based or season based and the employees thus hired will be depleting your resources after a particular time. Not to mention it will require you to invest in new in-house infrastructure as well. In such situations, offshore staffing is an ideal solution for companies. Offshore providers deal with multiple clients and are thus able to scale up and scale down easily based on your needs.

  5. Outdated technology

    A lot of the jobs and business processes now make use of innovative tools and technology to enhance accuracy and productivity. Software and applications are being launched in the market frequently for different industries, and companies need to invest in this technology just as much as they invest in their employees. If you are unable to access this technology to provide to your employees for certain jobs, you are losing out in the competition. With offshoring, you get to hire employees who have the latest tools at their disposal from their providers and have the requisite knowledge to operate them efficiently.

If your company can relate to any of the above points, you might want to consider offshore staffing. In-house teams, no doubt, offer incomparable advantages, but in this competitive and highly costly market, not every company can employ and manage them. Hiring an offshore team is a viable alternative, and it also allows your company to go global and explore new markets.