How hiring dedicated developers can reduce software development cost?

What are the benefits of doing this kind of work?

How can it help companies in these hard times?

In this article we'll try to answer these questions and more.

When a product owner hires an offshore team to do some work for them, they're hiring not only people who can actually get the job done, but also people who can help in the development process and get their ideas across the product owner to their customers.

The whole idea behind offshore software development outsourcing is to save time and money.

This is something that big businesses have been doing for a long time now.

In this article, we’ll examine the benefits of hiring remote software developers as compared to hiring onsite developers.

We’ll also link to studies and other helpful sources to help you decide whether remote development is right for you.

Reasons people want to work remoteAccording to Owl Labs, remote workers report that the top four reasons they want to work remotely are: better work-life balance, increased productivity/better focus, less stress, and finally, to avoid having to commute.Benefits of hiring remote developersIncrease employee retentionGreater productivityAccess to more talent Lower infrastructure costsIncrease employee retentionImplementing remote work policies can greatly increase retention rates and employee loyalty.

If one of your top performers leaves the company, you’ll need to spend significant time, money, and resources to hire and train a replacement.

Research finds companies that don’t meet employees’ needs will have trouble competing in the labor market and holding on to their existing employees.Employee turnover is expensive.

Recent surveys found: 51% of workers are actively looking for a new job or are open to oneCoincidentally, 51% say they would switch to a job that allows them flextime55% of remote workers would be likely to look for another job if they were no longer allowed to work remotely61% of remote workers would expect a pay increase if they were no longer allowed to work remotelySource: Gallup & Owl Labs Greater productivityAccording to Indeed’s remote work survey, 72% of companies with remote work policies say workers are more productive, while another 22% say remote workers are equally as productive, and only 3% say that remote workers are less productive.