Cost is one of the most important aspects in any company choice and recruiting a development team entails a potentially significant expenditure. If you are going to incur such a cost, you must be certain that the return is sufficient to warrant it.
Cost analysis
The table below includes a cost comparison between hiring a small development team in-house versus outsourcing:
| Estimated Annual Values in CAD | ||
| Job Title |
In-house |
Outsourcing |
| Full Stack Developer |
85,000 |
45,000 |
| UI / UX Designer |
62,000 |
30,000 |
| Quality Assurance Manager |
75,000 |
35,000 |
| Project Manager |
80,000 |
40,000 |
| Total |
302,000 |
150,000 |
Additionally, when you hire an in-house team, you will need to consider the cost of overheads, infrastructure and other indirect costs.
As illustrated in the table above, the cost savings of outsourcing amounts to at least 50%.
Other benefits
Variable capacity
As companies tackle an unstable business climate, variable capacity ensures you can grow or size down your business with ease. Being able to adjust the number of your outsourced hours, can enable you to be flexible with your business model, a valuable asset in the ever-changing world we live in today. This will give you that unique edge to counter any competition.
Effective team management whilst reclaiming your time
Your in-house team will need to be allocated annual and sick leave, resulting in downtime. When you outsource, there will be zero downtime.
The time dedicated to managing a team member, including hiring and training will be freed up for your business. Issues with leave or resignations will not affect your daily routine activities. This will ensure that you can keep your eyes on the prize, instead of worrying about workplace moral and human resource issues.
As you expand and navigate this harsh financial era, get in touch with us on +1 315 636 6577 or info@metabusinesssolution.com, to learn about the high performance teams that we build.
