Outsourcing is anything but new. The US has been outsourcing since the 80’s and there are no indications of the trend slowing down. The reason for its heavy adoption is that companies can hire someone else to execute on some task or project while they focus on whatever it is they’re good at. So if everyone’s doing it, you’ve got to be asking yourself, “Where’s all this work going?” We’ll show you the top countries for outsourcing and what makes them so popular.
Talking about software development
outsourcing, we usually think of well-known outsourcing regions like the Republic of India . A lot has already been said about the economic growth of this country in the 20th and 21st century – according to some, India has skipped the industrialization phase, transforming its agriculture-based economy straight to one based on services. Almost overnight, the country became one of the biggest outsourcing centers in the world , the IT industry itself employing around 10 million people. There is at least one reason for this spectacular success – labor costs. As stated by AT Kearney principal Johan Gott, companies outsourcing software to India can save up to 75%. For many enterprises around the world, the opportunity was too good to miss.
Top Countries for Outsourcing
The 2017 AT Kearny Global Services Location Index lists the top
In terms of cost effectiveness, India is still the world leader. India has a blend of skilled, English-speaking uae phone number data workers at a lower overall cost than most other countries. But saving costs isn’t just about paying lower wages. There are other factors in outsourcing that contribute towards saving money.
Factors besides Cost
The cost benefits of outsourcing go beyond direct dollar amounts. They include the amount of time spent how I do in-house consulting working with client teams working on projects, the quality of the work, and the ease of working with developers.
The longer it takes to complete a project, the more it costs.
Besides workers’ wages, you also need to consider lost opportunity. The longer a project spends in development, the less time it spends on the market, and the less revenue you earn.
Quality developers can successfully complete their tasks on time. If they miss a deadline, they should be cz lists able to justify why. Otherwise, you’re paying them more for the same amount of work.