An average of forty two days is spent to fill a technical job locally and the cost per hire is usually higher than four thousand dollars. These initial costs are very high making many founders scale their workforce prior to a sound product.

The development of the global work resulted in the Offshore Talent 3.0 approach. This plan enables firms to save high overheads and ensure high quality expertise in ensuring sustainable growth.

Why you save money without losing any quality

It is too soon to hire a full time local staff, this can empty your bank account faster than you can fill it with a product. Most businesses are already paying to rent costly offices and benefits and the firm is not even generating monthly revenues. In this respect, the Offshore Talent 3.0 model transforms the game.

It grants you access to the highest tier of professionals at only a fraction of the prices. You have your runway long and your stress levels low when constructing something great. This saves unnecessary huge costs of hiring locally and you can use this capital to develop your real product.

Moving to an Offshore Talent Model, Beyond Freelancers and BPOs

The old model of working with people abroad used to be a rebate or a success here or there. You either had to go through huge call centers, or you could hire unreliable freelancers that could fall off the face of the earth any day. The new direction revolves around teams that are integrated in the sense that they are considered as a part of your office.

This Beyond Freelancers and BPOs Offshore Talent Model means that you have professionals whose hearts are within your vision. You will not be purchasing hours, you are investing in an alliance that expands as your business requirements increase.

Getting direct access to next-generation offshore talent

You can find specialized skills far better by not thinking only within your local zip code. Next-generation offshore talent is increasingly being used by many high growth companies to fill technical gaps. Such professionals training is usually updated with the latest technologies and approaches that may be limited in your local region.

How offshore development teams keep you agile

The best asset in growing business is flexibility. By employing many people locally when you are too young, you may not be able to manoeuvre to meet market demands once they change. Using an offshore development team you can scale both up and down depending on your actual project needs.

Such agility will enable you to react to customer feedback and navigate your course without the dishearten peculiar to local layoffs.

Spend more time on your vision and less on HR

When founders hire too soon, they frequently become associated with the weeds of administration. Payroll and local regulations of a large team take your time off your big ideas. With an advanced offshore strategy you will put those headaches of operation on the shoulder of a reliable partner.

You become the visionary and your remote team does the heavy lifting of implementation and delivery.

Creating a stable foundation for your future growth

The problem with hiring too soon is that it causes the turnover rate may even be high since the positions are not clearly defined yet. Dealing with an established offshore partner you have a stabilized environment in which people are determined to make you successful.

These are long-term and consistent teams. You are not a victim of the Hire/ retraining cycle so rampant among the young companies.