Last year, following widespread job losses in the early months of the pandemic, a high number of job vacancies opened up. Unfortunately, lower unemployment rates led to a tight labour market which meant a massive loss of experienced workers.
This situation was made even worse by what experts call the ‘great resignation.’ Workers are quitting en masse. The US has witnessed its highest quit rate in the last 20 years. Most workers cite low pay, a lack of opportunities for advancement, and hostile work environments as reasons for leaving.
The lack of a solution to the great resignation is one of the economy’s most significant issues. While companies are scrambling to develop skill-building initiatives to prepare talent for tomorrow, they still have difficulty filling critical roles in the present. This situation has left them unable to scale.
Companies need highly qualified talent to do so, but as we’ve said, the US is experiencing a shortage of software engineers. Where can companies find support with local talent markets lacking it? In order to grow, these companies will need to look overseas.
Deciding whether to outsource or offshore
Outsourcing is often a cost-effective solution, but it can lead to errors and low-quality output due to the lack of integration into a broader engineering setup, slowing delivery and time to market. Offshoring allows you to go further and leverage incredible expertise and talent, which can be critical in the long run.
Unlike outsourcing, which usually involves assigning a project to a third-party vendor that provides an external development team, offshoring aligns your team members with your organisation.
Your new engineers are aligned with your long-term goals, company culture, and vision. So, when working with an offshore partner, you are not just another client. Besides alleviating the shortage of software engineers, they can help integrate development teams that provide high-value and act as strategic assets in the race towards being a digital-first business.
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DOWNLOAD EBOOKBuilding offshore teams as a solution to the great resignation
Almost all sectors now strive to become ‘digital-first’ organisations by digitalising processes to make it easier to assist their customers and improve their offerings and operations across the board. They can achieve this goal by putting software at the centre of their business objectives. However, how can an organisation put software at the centre without world-class software development talent?
The answer is that it can’t. If a company has the right engineering talent, it can implement this strategy and deliver digital products and services to its customers quicker and more accurately. Software helps businesses modernise their business models, and innovative solutions keep organisations competitive, optimise costs, and deliver true customer-centricity. With the unprecedented churn that the labour market has been experiencing, many businesses are now left wondering how they will fill key tech roles.
The good news is that there is a solution to the great resignation, but it all depends on whether you can find a partner that can source talent and skills in global talent pools. An offshore development team is an extension of your existing setup. Working with offshore developers is much the same as working with local colleagues — they are full-time, value-adding colleagues, not outsourced support staff.
Crisis proofing your operations with offshore teams
One of the benefits of offshore teams as a solution to the great resignation is their on-demand adaptability.
A dedicated offshore development team is ‘remote ready’. It can deploy its best talent in a distributed way in case standard operations are disrupted or consolidate them in key business and technology hubs such as Bangalore if necessary.
Countries like India often work across time zones. As a result, moving to a distributed WFH setup is usually seamless. Offshore partners who understand hybrid and remote work models can implement the necessary strategies to facilitate collaboration, ensuring the needed teams, technology, and operations with minimal interruption.
Enabling remote and hybrid work models
Your partner should also be able to set up remote-ready technology infrastructure and understand how distributed teams can scale your organisation swiftly. Distributed teams allow individuals to work in diverse geographical locations. So, you can have a group of technical experts working from different parts of the globe, each with a specific skill set.
Establishing this infrastructure is one solution to the great resignation because you can attract those individuals that might otherwise be out of the job market. After all, they often stress job satisfaction as necessary.
While these models of working aren’t always as standard, it’s good to know that your offshore team can work in this capacity should tricky times arise.
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LEARN MOREPartnering with an offshore development expert
To recap, you must hire, assess, and find the right developers to help your business become a software-centric company. Fortunately, the proper development partner and offshoring model can help you access global talent pools and skills you cannot find locally.
The good news is that you can set up your offshore team yourself. However, finding and hiring the right dedicated developers for your team takes a lot of work and can take valuable time away from focusing on core operations. Luckily, it doesn’t have to be a solo effort.
Choosing a partner that works and sources developers from a talent-rich country like India is critical. After all, India is home to 5.8 million developers, one million of which operate out of Bangalore, ‘The Silicon Valley of Asia.’
At The Scalers, we employ our tried-and-trusted offshore model to build your team, run your operations, and help you scale without limits. We ensure candidates pass technical tests and that the engineers presented to you match your company’s culture, mission, and values. We can help you transform and innovate with minimal disruption to your core business.
Our offshoring services will offer you a solution to the great resignation. You can learn more about our unique approach and book a discovery call with one of our senior executives.
