Tag: outsourcing app development work

“Freelancer Reliance Rises in US, With 20% of Work Done by Them” – Bloomberg article based on a survey conducted by Harvard Business Review Analytic Services.

In the ever-evolving landscape of business efficiency, traditional staffing models are taking a backseat. Companies are shifting gears, embracing a panoramic perspective on talent that goes beyond the confines of full-time staff. The key to staying competitive? Embracing the freelance workforce. Join us as we unveil why hiring freelancers has become the cornerstone of staying ahead in the dynamic business arena.

Why the Freelancer Surge?

Imagine a workforce that ebbs and flows like a river, adapting to the contours of projects, surging with creativity, and saving on costs like a well-calibrated machine. This is not a utopian vision but a tangible reality, as revealed by a recent survey conducted by Harvard Business Review Analytic Services.

The survey provides valuable insights into the current state of freelancer reliance among US companies. According to the survey, a significant number of respondents expressed anticipation for an uptick in their reliance on freelancers. It reveals that on average, 20% of organizations’ work is currently executed by freelancers. 

Perhaps the most telling aspect of the survey is the forward-looking perspective. Over half of the respondents foresee their organizations employing even more freelance workers in the future. This points towards a sustained and growing reliance on freelancers as an integral part of the workforce.

From startups to Fortune 100s, companies are hiring freelancers to fill skill gaps created by their own lean team strategies. The demand for specialized skills is soaring, driven by digitization, evolving customer needs, and the integration of generative AI.

A Report by Upwork reveals that 60% of companies plan to hire more freelancers in the next six months. This shift isn’t just about cutting costs; it’s about gaining quick access to critical skills when needed. Join us as we explore why freelancers are becoming the linchpin of business success and how this strategic shift is reshaping the modern workforce landscape.

Let’s dive into the freelance phenomenon and uncover the reasons behind its meteoric rise, all while understanding why businesses must pay heed to this transformative trend.

Tech-Powered Work Revolution: Freelancer Integration

Technology stands as the silent orchestrator, shaping the way we work and connect. As we delve into the profound changes brought about by the digital era, a significant narrative unfolds — the intersection of technology, remote work, and the burgeoning reliance on freelancers.

1. The Technological Catalyst: Making Remote Work the New Norm

From robust communication tools to cloud-based collaboration platforms, technology has dismantled geographical barriers, making it not just feasible but preferable for teams to work from anywhere. Technology plays a pivotal role in offering solutions that allow businesses to seamlessly integrate remote and in-office work. Tasks that were once exclusively handled in-house are now being strategically assigned to freelancers, leveraging their specialized skills and providing companies with a cost-effective, on-demand workforce.

2. Tasks Redefined in the Era of Remote Work

Rather than viewing freelancers as auxiliary players, businesses are recognizing them as integral contributors to the overall success of projects. Whether it’s project-based assignments, niche skill requirements, or the need for swift adaptations to market demands, freelancers have become key players in maintaining agility and competitiveness.

3. Wisdom in Embracing the Technological and Remote Work Revolution

As we navigate this new era, businesses must recognize the symbiotic relationship between technology, remote work, and freelancer engagement. The key to success lies in leveraging technology to create a seamless work environment that accommodates both in-house and remote team members. Remember, embracing the freelancer surge is not just a consequence of remote work; it’s a strategic move toward a future where adaptability and efficiency reign supreme.

Having considered how technology is shaping an era of freelancers, companies may find it beneficial to outsource their software development. So, let’s take a look at the benefits of software outsourcing. 

The Freelancer Advantage in Smart Software Outsourcing

In the dynamic realm of software development, where every line of code is a step toward progress, a revolutionary shift is taking place. Picture this: a workforce not confined by office walls but a global pool of freelancers, each a maestro in their own right. As the freelancer surge reshapes the way we work, as noted above, US businesses are finding that outsourcing software development projects is not just a wise decision but a strategic leap into a future defined by innovation and efficiency.

Here’s why the business world is embracing freelancers with open arms:

• Flexibility: Freelancers are the virtuosos of adaptability. Businesses revel in the freedom to scale their workforce based on project needs. Imagine having a versatile team that seamlessly switches between tackling tasks swiftly or taking a more methodical approach, depending on the business’s evolving needs.
• Cost–Effectiveness: Freelancers offer a cost-effective solution, allowing companies to access top-notch talent without breaking the bank. It’s a win-win situation – you get the skills you need, and it saves you money.
• Access to a Global Talent Pool: Geographical constraints have become a thing of the past with freelancers. They bring a passport to a global talent extravaganza, enabling companies to cherry-pick specialists from around the world. The result? A diverse and skill-rich dream team.
• On-Demand Expertise: Not every task requires a full-time employee. Freelancers provide on-demand expertise, whether it’s crafting compelling content, coding in obscure languages, or designing eye-catching visuals. It’s akin to having a superhero roster at your beck and call.
• Project-Based Agility: Traditional employment can feel like a slow waltz. Freelancers, on the other hand, are the jitterbugs of project-based work. They seamlessly fit into the rhythm of short-term tasks, offering companies the agility to switch partners as projects evolve.
• Innovation and Fresh Perspectives: Freelancers bring a breath of fresh air to the corporate landscape, injecting new energy and perspectives into the traditional setting. Their diverse experiences and varied backgrounds infuse innovation and new perspectives into projects, preventing the dreaded stagnation that can haunt in-house teams.
• Risk Mitigation: Uncertainties are part of business, and freelancers provide a safety net. Without the long-term commitment of traditional employees, businesses can navigate economic fluctuations and market changes more gracefully.
• Digital Collaboration: Freelancers effortlessly join virtual teams, ensuring that work doesn’t miss a beat, regardless of team members’ locations.
• Efficiency and Timeliness: Need something done yesterday? Freelancers understand the language of urgency. Their ability to deliver high-quality work promptly is music to the ears of companies with tight deadlines.

Read more: All You Need To Know When Outsourcing Software Development!

Essential Tips for Hiring Freelancers in Software Development Projects

Whether you’re a startup aiming for rapid progress or an established company seeking specialized skills, navigating the freelancer terrain requires strategic insights. Here are some indispensable tips to ensure a successful collaboration when hiring freelancers for your software development projects.

Tip 1. Clearly Define Your Project Goals: Before diving into the hiring process, take the time to articulate your project’s goals, objectives, and scope. A clear understanding of what you want to achieve will not only guide your freelancer search but also set the foundation for effective communication and collaboration.

Tip 2. Identify Specific Skill Sets: Freelancers often bring a diverse range of skills to the table. Clearly identify the specific skill sets required for your project. 

Tip 3. Thoroughly Vet Freelancer Portfolios: Reviewing past work is crucial in evaluating a freelancer’s competence. Request and carefully examine their portfolio, looking for projects similar to yours. This not only showcases their skills but also provides insight into their style, creativity, and ability to meet project objectives.

Tip 4. Check References and Reviews: Don’t hesitate to ask freelancers for references or check their online reviews. Feedback from previous clients can provide valuable insights into their work ethic, communication skills, and overall professionalism. 

Tip 5. Set Clear Communication Channels: Clearly define how you will communicate, the tools you’ll use, and the frequency of updates. This ensures that everyone is on the same page.

Tip 6. Create a Detailed Project Agreement: Clarity in expectations helps prevent disputes and ensures a smooth workflow. Hence, formalize the arrangement with a comprehensive project agreement. Outline project milestones, deadlines, payment terms, and any other relevant details. 

Tip 7. Foster a Collaborative Environment: Encourage an open and collaborative environment. Actively involve freelancers in discussions, seek their input, and provide constructive feedback. Fostering a sense of teamwork contributes to a more cohesive and productive working relationship.

Tip 8. Ensure Data Security: When dealing with software development projects, data security is paramount. Clearly communicate your expectations regarding data protection, confidentiality, and any legal considerations. This safeguards your project and builds trust with the freelancers.

How Does Fingent Fit the Bill?

Fingent is a top-tier software development company that seamlessly fits the bill for businesses seeking excellence in their software projects. Here’s how Fingent stands out:

• Comprehensive Expertise: At Fingent, our team brings diverse technological proficiency, covering web and mobile development, along with cutting-edge domains like AI and IoT.
• Proven Success and Client Focus: With a track record of global success, we are committed to understanding your unique needs and ensuring tailored solutions aligned with project goals.
• Efficient Collaboration and Innovation: At Fingent, we emphasize transparent communication, timely deliveries, and a proactive approach to innovation, ensuring you benefit from the latest industry trends.
• Quality Assurance and Future-Readiness: Fingent’s rigorous testing processes and future-oriented solutions guarantee the delivery of secure, high-performance products designed for scalability and adaptability.

So, Fingent is a software development powerhouse that not only fits the bill but raises the bar for businesses seeking a strategic and innovative partner for their software projects. Connect with Fingent and transform your vision into reality. Give us a call. 

It is getting more competitive than ever before for businesses today! Every company wants to lead in the market as quickly as possible. How can you get there first?

Software development can be your answer. But can outsourcing software development make a difference?

Outsourcing has been one of the most talked-about digital transformation strategies, especially if you want to launch your products quickly into the market. Outsourcing software development nurtures your business goals by saving time and cost. You ensure effective and innovative product delivery when you allow top professionals to work on your project. The benefits are not just limited to that.

This blog will explain the pros and cons of outsourcing software development and how you can select the right company so that you are well prepared the next time you plan to outsource your software development!

Why Outsource Software Development?

Organizations outsource software development to save costs and resources, nourish business growth, remain competitive in their sector, and more. By outsourcing, businesses enable their in-house team to focus on their expertise rather than be jack-of-all-trades. This kind of freedom allows your team to improve their performance in their field instead of doing routine tasks that consume precious time. Here are some more benefits:

1. Control business expenditure

The biggest driver of outsourcing software development is cost reduction. This frees up more funds to channel into other crucial business areas.

The question is, how does it reduce cost?

When you outsource software development, you are only paying for their services. You save common expenses associated with in-house staff like hardware and software, rent, training, etc. Besides, it is much easier and cheaper to outsource as you can find software development teams within a few clicks.

2. Gain access to the world’s best outsourcing specialists

Outsourcing software development goes beyond physical boundaries, empowering you to connect with the world’s best talent. The best part is that this collaboration could be for all projects or just a one-off project with no further obligation.

3. Saves time on onboarding specialized talent

Looking for a software developer with a diverse skill set is a complicated and time-consuming process. Plus, training a developer incurs more delays and costs. Conversely, outsourcing software development is far simpler while saving time, effort, and money.

4. Flexibility and speed 

Outsourcing software development gives you the simplicity of scaling your project. An outsourcing company allows you to choose the right cooperation model that matches your business needs.  This allows you to respond to changes as they occur and take action to address them with a quick turnaround.

5. Forge ahead with the latest technology

A good software outsourcing company uses the latest languages and development tools to build effective and innovative products at minimum cost. You can benefit from this and trust that the best tools will be used for your requirements.

6. Get exceptional support

Since the outsourcing firm may already have experts with immense knowledge in their field, they become your business partners. If you face any crisis, you can count on them to solve your problem as soon as possible.

Now that you understand why you should outsource software development let us clarify the difference between offshore and nearshore outsourcing.

Read more: Why Software Development Outsourcing Is A Smart Move Now?

Offshore Vs Nearshore Outsourcing

Offshore outsourcing is sourcing company operations outside your country in a different time zone. Nearshore outsourcing is sourcing company operations within your country.

Benefits of offshore outsourcing include cost savings, access to specialized expertise, and 24/7 support. Benefits of nearshore outsourcing include shared time zones, similarities in cultural background, better control, and better security.

Software development doesn’t need an in-house team, so you can choose either near or far outsourcing companies to build your ideal dedicated team.

Pros And Cons of Outsourcing

As for any solution, there are always pros and cons. Let us look at both, so you can make an informed decision for your business.

Pros of Outsourcing

1. Timing: While every business needs to go through a procurement phase, that time will be much reduced if you don’t have to spend onboarding the right talent. Besides, if your idea is still in the formative stage, you will not be able to attract the right talent. This makes outsourcing the best option.

2. Business goal: If validating your idea is your primary business goal, the earlier you begin to do this, the better. Outsourcing frees you to concentrate on business goals and build the foundation of your business viability.

3. Access to proven workflows: Because the outsourcing firm likely worked with many organizations similar to your business, you can be confident that it will implement proven workflows and processes.

4. Speed to market: Speed to market increases as the outsourcing firm can manage and optimize workflows.

5. Access to a larger talent pool: Outsourcing companies can access industry experts who can be reached whenever you need to consult them for a solution.

Cons Of Outsourcing

1. Risk of failure: Business failure is risky if you cannot manage your outsourcing company effectively.

2. Communication challenges: Some offshore firms with different cultures may pose communication challenges.

3. Lack of motivation: An outsourcing firm may not share your motivation to see a project through to successful completion.

4. Limited control: If the outsourcing firm uses freelancers, the hiring company may have only limited control over the actual work.

Digital transformation is an investment that has to be made to stay relevant. However, whether to hire in-house or outsource will ultimately make the business more successful and profitable.

Read more: A Detailed Software Development Outsourcing Guide For CEOs!

How To Select the Right Outsourcing Company?

Once you have decided to outsource your software development, evaluating and selecting the right vendor to complete the work that meets the best standards is crucial.

Here are some tips that can help you find the right outsourcing company:

• Research and list all potential partners who can provide the required services. Also, find out from others to see if they have any recommendations.
• Good communication is of utmost importance. Request a meeting to help you understand their communication style.
• Ask for references, read their case studies, and do your research to determine whether they have the needed experience and expertise to see your project through.
• Be cautious about any outsourcing company that offers cheap rates. Instead, enquire about their success in the past.
• Verify a vendor’s security policies, certifications, and accreditation.
• Ensure the vendor has professional liability insurance.
• Find out if the vendor can support all of the programming languages you need for your software development projects.

We at Fingent would love for you to come and test us out. Meanwhile, here is a look at what our clients have to say, some of our case studies, and a look at what we excel in!

Are You Ready to Outsource Your Software Development?

The choice is entirely yours. Make sure you consider all the pros and cons and make an informed decision. First, look at your business needs. Then, find out if the vendor is compatible culturally and financially. This will ensure a higher probability of success. We would be happy to discuss your needs and help you decide. Please feel free to reach out to our experts.

A Complete Guide to Understanding Offshore Software Development

• What is offshore development?
• What is the difference between onshore, nearshore, and offshore?
• What makes offshoring software development so popular?
• How does offshore development work?
• What are the advantages of offshoring software development?
• What are the disadvantages of offshoring software development
• What are the latest trends in offshore software development?
• How to choose the right offshore software company?
• Best practices to follow while offshoring software development
• Final thoughts

While outsourcing is becoming the popular route to develop apps, it is a double-edged sword that has its ups and downs. Many enterprises take the plunge into the world of outsourcing without a proper understanding of the benefits and risks. Such companies often act in haste and repent at leisure.

Here is a run-down of the major benefits and risks or challenges associated with outsourcing the app development work, as the first step towards deciding on outsourcing.

PROs: Outsourcing Delivers Cost Advantage

The major raison d’etre for outsourcing is cost savings. Outsourcing the app development work to a third party provider often results in reduced costs compared to undertaking the development work in-house. Despite the need for frequent updates to keep the app up-to-date, app development is a dedicated project, outside the scope of the daily routine of the in-house IT team. Indulging in the app development process in-house would require gathering dedicated resources and fresh talent, all involving sizable capital investment. A third-party outsourcing partner comes with up-and-running infrastructure, and app development is their core focus rather than a distraction from their core activity. They invariably pass on the resultant cost-savings to the enterprise.

The cost benefits of outsourcing become even more profound when outsourcing is combined with offshoring. Offshoring the development work to a third party in India, East Europe, or some other third-world country ensures the delivery of high-quality app at a fraction of the cost it takes to develop the app in-house and considerably less compared to entrusting a local outsourcing party. The low wages given to the developers employed by the outsourcing partner aren’t necessarily exploitative, as it corresponds to above-average wages in tune with the third-world country’s cost of living.

The average cost of building a standard app is anywhere between $150,000 and $450,000, with almost half of this cost going to deploying the required infrastructure and features. Outsourcing the app development process reduces the total cost of app development to anywhere around $10,000 to $80,000.

Outsourcing Delivers Accelerated Time to Market

The benefits of outsourcing extend to much more than cost savings. Often, cost savings is accompanied by accelerated time to market. A competent outsourcing partner would have at their ready disposal a talent pool of highly seasoned and experienced developers, who would be able to accomplish the most challenging of tasks in double quick time, without slowing down for guidance, get trained on a new technology, or even indulge in trial and error. Also, the outsourcing partner agrees to complete the project in a time bound manner, without any hold up due to sick leaves, key talent putting in their papers or any other disruptions.

The fast turnaround perfectly suits today’s fast-paced business environment, where the ideal time to roll out an app is always yesterday. A recent survey reveals over 40% of respondents quoting the time taken to develop an app in-house as anywhere between six months to one year, completely unacceptable in today’s fast-paced world.

Outsourcing Enhances Quality of Work

Outsourcing generally enhances the quality of the apps, with the client leveraging the outsourcing partner’s talent pool, rich experience, knowledge, and the latest infrastructure readily, in a highly scalable manner. The outsourcing partner has an extra motivation in delivering high-quality work, which serves as the best advertisement of their skills, and the major source of repeat orders and referrals.

A related advantage is the transfer of risk. An outsourcing partner assumes all risks associated with the project. The partner guarantees delivery on time and on the budget, with penalties for delays. The client also has the option of terminating the contract if things go wrong, rather than be stuck with a dud project.

With outsourcing, the company pays for the result. Developing the app in-house means the company pays for the effort, with an uncertain result.

CONs- Risk of Leakage of Sensitive Information

For all the benefits of outsourcing, it also comes with significant downsides. Involving a third party and external outsourcing partner into the mix comes with the risk of leakage of confidential information. A successful app requires close integration with the business process, for which the outsourcing partner requires first-hand information on the nitty-gritty of the business. The outsourcing partner also gets their hands on sensitive information regarding the customers of the business.

The antidote to such risks is a strong non-disclosure agreement and IP protection agreement, backed by appropriate legal and organizational measures.

Challenges of Expectations Mismatch

While an outsourcing provider may be technically competent and roll out apps in a time-bound manner, there is an inherent risk of an expectation mismatch. There is always a risk of the development team executing do something different from client expectations. Worse, the development team may not gather requirements clearly enough and effect an inherent flaw in the app design, which may be difficult to rectify at a later stage.

A seamless and robust communication system mitigates such risks. An open communication style, clear points of contacts, and a culture of accommodation are indispensable for outsourcing to succeed. A thorough requirements analysis, backed up by solid documentation and a detailed description of the product requirements is another essential requirement.

However, the best of communication systems come to naught if the stakeholders are not there to communicate. A flowing schedule, with a readiness to be available round the clock, is an essential ingredient for success.

Outsourcing May Result in Loss of Flexibility

Scope creep has almost become a way of life in today’s highly fluid business environment. Requirements change by the day, and a new app may require co-opting changes right through the gestation lifecycle, and even afterward. An outsourcing project goes according to the laid down upfront agreement, with limited scope for flexibility. Renegotiation the contract to co-opt changes midway may be expensive, and anyway impractical.  

The solution is to co-opt a partner who understands the business and is flexible to accommodate changes as it is realistically possible. Accelerated time to market anyway reduces the need for such sudden changes. Again, while outsourcing offers a ready access to skilled talent without the associated HR costs, it is still a challenge to identify a good partner and make sure the partner can walk their talk.

Successful companies put their heads down and work diligently to overcome the challenges, and in the process reap the best of both worlds. Roping in a sound partner who is competent not just on the technical side, but also experienced and versatile enough to understand the nitty-gritty of the business, helps.