According to the Bureau of Labor Statistics, employment of software developers will grow 24% from 2016 to 2026. The laws of economics dictate that as the demand for developers increases, the cost for this talent will also increase.
Nearshoring is a good step to undertake for companies that are looking to decrease their costs for custom software development. The nuances between nearshoring and traditional offshore outsourcing are significant and consequential. So it is in an organization’s best interest to be educated about these differences and consider all benefits that both nearshoring & offshoring have to offer.
For example, when evaluating the source of your candidates, you should pay special attention to choosing the company that is reliable and prompt in presenting candidates to fulfill your needs. Remember that a cheaper price can result in higher logistical costs elsewhere. It can also lead to poor quality of the delivered product. It’s the old adage that you get what you pay for.
This is just one of many factors that play into whether decision-makers choose to engage in nearshoring. Fortunately, nearshoring has been around long enough that we are able to take a retrospective look at how it can benefit companies in the long and short term. Learn more at //bit.ly/2WEFUzz.