The rapid spread of pandemics has made organizations of all sizes rethink their business strategies to ensure financial security in a newly-coined reality. From the shortage of qualified professionals, the world has shifted to the millions of job losses just within a few months. The only industry that remained suffering from scarcity of talent was IT. Countries all over the world have become unable to fill tech vacancies: only 18% of countries didn’t report tech shortages in 2020. And that’s definitely not the end. According to the Bureau of Labor Statistics, the shortage of tech engineers is going to exceed 1,2 million by 2026 in the US solely. Therefore, companies were forced not just to streamline their operations but to prepare for the next disaster.
Global tech giants and evolving startups have changed the way they were managing their businesses. They’ve started looking from a different, more cost-effective, and less time-consuming perspective, they started outsourcing more. According to the GSA report, 70% of companies are planning to outsource more in the near future.
Eastern Europe has become one of the most popular outsourcing destinations because of the availability of a vast talent pool, a big number of CS university graduates, geographical location, and high level of technology adoption. A range of countries represent this IT region, being home to top software development companies in Europe that develop tech solutions for such behemoths as Microsoft, Google, Skype, Audi, Siemens, and many more.
Eastern Europe Software Development Costs
European software providers' pricing can’t be called very competitive when compared to their Asian rivals in China and the Philippines, outsourcing software development to Eastern Europe may still be an effective cost-cutting strategy for US-based companies. In the United States, you may expect to spend $75 to $175 per hour for small class projects, as per FullStack Labs. The hourly costs for mid-market class projects are already between $125 and $175. The circumstances are different in Eastern Europe, where the average hourly pay ranges from $30 to $70. To be more specific, the average cost in Ukraine is around $30-$60, in Poland $45-$69, in Hungary $44-$57, in the Czech Republic $39-$58, in Belarus $33-$48.
Why You Should Choose Software Development in Eastern Europe
Employing an offshore Eastern European software expert has more advantages than just acquiring top professionals rapidly. Eastern European software development firms have matured into actual business partners, acting as an outsourced extension of your in-house capabilities. There are several strong reasons why to choseEastern Europe, including the following.
European Business Values
Eastern European software development organizations are familiar with the corporate culture and challenges that their Western European and North American clients encounter. Numerous software development businesses in Eastern Europe appreciate the necessity of time management, communicating clearly, and charging consistently. Whether you outsource development to Eastern Europe, you're hiring experts who are familiar with your industry.
Costs are significantly reduced
This is no secret that Eastern European software development firms are less expensive than their American equivalents. However, did you realize that you can employ equivalent personnel for as little as 40% to 50% less in these nations than in North America or Western Europe? That's money you can put in the bank — or reinvest in a larger staff of Eastern European software professionals.
The quickness with which you recruit and the speed with which you get your product to market are both important factors
Offshore Eastern European software experts may usually be engaged rapidly, enabling you to obtain top engineers onboarded to your project within 5-10 business days. The period of hours that a corporation saves as a result of this cannot be overstated. There is no public job advertising, searching through hundreds of applicants, long testing and interviews, or administrative difficulties associated with adding new personnel to your existing staff while recruiting for internal hiring.
Outsourcing to Eastern Europe provides such a streamlined approach that it might save your organization 3 months in the development cycle. And when it comes to bringing a new software or product to market, this alone might be the gap between succeeding or failing.
Developers are quite good at English
Each project requires specialists who can communicate in your language. And there is one area where Eastern European software outsourcing has particular benefits over Asia and South America. Eastern European university degrees sometimes demand many years of English, and IT employees are accustomed to English being the recognized business language when dealing with clients. As you engage with top Eastern European software development businesses, you can anticipate the staff developers you hire to be able to read, write, and speak English well. This is something we demand at InVerita, and we expect it to be a necessity at many other worldwide companies as well.
Scalability and Talent Availability
Eastern Europe software development can provide your business with incredible skills that aren't available in North America and Europe's tech-short regions. Imagine being able to hire Eastern European outsourcing businesses at a second's notice.
Those businesses would also assist you in adding and removing team members as your projects' capacity requirements change. Simply provide your expertise wish list, and most Eastern European outsourcing organizations will be able to provide you with a shortlist of verified people that meet your requirements perfectly. It's one of the most important benefits that a software development outsourcing firm in Eastern Europe may provide.