A Mckinsey survey revealed that 50% of the IT budget in most businesses is spent on building new software. Even with onsite resources, most organizations face the challenge of keeping up with the pace of the market’s day-to-day emerging technologies and the mind-boggling speeds at which the technology sector is progressing. To overcome this challenge, many companies hire dedicated developers who can improve their operational efficiency, customer engagement, and overall business performance. However, many businesses are faced with the challenge of hiring and retaining skilled developers who can meet their unique development requirements.
All thanks to the multiple key advantages that hiring a dedicated team of developers bring to the table, the model has become essential, making many companies –including 92% of the G2000 – Offshore Software Testing Services and software services efforts, with IT services making up 72% of all global outsourcing contract values, according to ISG.
In this blog post, we will explore six reasons why you should hire dedicated developers in 2023.
- Access to Global Talent
With 30% of IT jobs remaining unfilled in in Canada, and almost 95% of employers looking for tech talent in the USA have encountered a skills shortage over the past year, this model gives you access to a pool of global talent, and unlocks a world of new possibilities for your company. Operating from the same or a different time zone, dedicated professional developers have the necessary skillsets and expertise to optimize the stack of your tech capabilities, from developing new products and processes to obtaining higher levels of organizational efficiency. While your outsourced team is capable of delivering top-of-the-line tech solutions at comparatively lower costs, they can still step in to co-build solutions with your in-house development team.
Moreover, you can also select dedicated developers based on their previous work experience, technical knowledge, and industry-specific skills. This ensures that you have access to the best possible talent, which is essential for delivering high-quality software solutions.
Regardless to your company’s size, the level of agility the model offers is just another core advantage of hiring a dedicated development team. Outsourcing your tech efforts to these teams, allows you to keep your in-house workforce smaller and focused on core business tasks.
You can achieve higher levels of agile delivery by viewing the dedicated development team as an extension of your on-premises staff rather than a third-party working for your organization. The decision to hire a development team for a one-time or seasonal tasks can increase the efficiency of your new releases, tech migrations, and other similar requirements while keeping your business operations agile.
A study by McKinsey revealed that IT outsourcing functions can increase productivity by up to 40%. When you hire dedicated developers, you are hiring a team that is solely focused on your project. They can work more efficiently and deliver results faster than an in-house team that may be juggling multiple projects at the same time.
- Flexibility and Scalability
Working with dedicated developers, you have the flexibility to scale up or down as needed. This means that you can quickly adapt to changes in your business, such as increased demand for your products or services. By outsourcing certain IT functions, companies can scale their IT services up or down according to their needs allowing them to choose the level of control they want to maintain over their IT operations. Additionally, dedicated developers often have experience working on a variety of projects, which means they can quickly switch between projects as needed. This, in particular, is important in industries such as technology and software development, where businesses may experience rapid growth or face unexpected changes in the market.
According to a report by Upwork, 59% of companies now use flexible talent to address changing needs. This trend is expected to continue in 2023, as businesses look to stay nimble and adapt to an increasingly unpredictable business environment. Hiring dedicated developers allows companies to quickly respond to changes in demand and stay ahead of the competition. At FlairsTech, and as a provider of this service, we understand the importance of responding to market changes in a timely fashion. Based on your business needs, our dedicated developers switch between different projects without any additional costs. You can also scale up and down your resources as needed.
Hiring dedicated developers can be a cost-effective solution for your business. The 2020 Global Outsourcing Survey report by Deloitte revealed that 70% of businesses that hire dedicated developers agreed that cost-cutting was the primary purpose of their decision. Moreover, the model resulted in budget cuts of up to 59%.
Unlike hiring full-time employees, working with outsourced dedicated developers allows you to save on expenses such as employee benefits, office space, and equipment. Additionally, you only pay for the work that is being done, which means you do not have to pay for downtime or other inefficiencies.
- Reliability and Reduced Risks
When you hire dedicated developers, you are reducing your risk of project failure. Dedicated developers have experience working on a variety of projects, which means they have a deep understanding of the potential risks and challenges that can arise during software development. Additionally, dedicated developers are motivated to deliver high-quality work on time and within budget. This reduces your risk of project failure and helps ensure the success of your software development projects.
- Faster Time to Market
Speed to market is one of the most significant advantages of hiring dedicated developers. Unlike a generalist developer that might have multiple projects competing for their time, dedicated developers work exclusively on a particular project or set of tasks. This allows them to have a deep understanding of the requirements and specifications and enables them to deliver high-quality results at a much faster pace.
This model ensures that your development process remains streamlined, significantly reducing your time-to-market. The development process can be broken down into smaller tasks, which are then assigned to the dedicated developer. The dedicated developer can work on the tasks without any interruptions, and the completed tasks can be reviewed and approved before being integrated into the project.
Speed to market can make all the difference when it comes to staying ahead of your competition and hiring dedicated developers can be a big advantage to your business in this regard.
Before you outsource a task to a third-party vendor’s dedicated development team, take the time to analyze your business requirements, and define your goals accordingly, including parameters such as scope, benefits, and desired outcomes of a project. If you need any help doing so, book a free consultation, and one of our technical leads or project managers will gladly discuss your challenges, needs, and possible approaches.