The main drivers for this trend are the shortage of available technical workers, need to cut costs, and the desire to focus on their core business. Most companies have backlogged projects that meet their financial criteria (e.g. net present value, return on investment or payback period) and have funding available, but cannot allocate internal staff to complete the work. Options for companies in this position include:
- Postponing the project
- Hiring more internal staff
- Using on-site contractors
- Outsourcing the project domestically
- Outsourcing the project offshore.
The options of hiring more staff, using on-site contractors and outsourcing domestically have incremental risk and cost differences. The offshore option can be a quantum leap in terms of reduced cost. In addition the offshore option offers several opportunities to US/European managers.
- Ability to quickly set up a team of technical experts dedicated to your project
- Quickly disband the team once the project is complete.
- Ability to conduct round-the-clock development because of time-zone difference.
For more details see "Benefits" and "Our Working Model"
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