The demand for IT talents keeps increasing because companies, including top tech businesses, need to execute development projects easily and quickly. For this, an ODC offshore development center idea was introduced so that these companies can get IT solutions from experts in the industry. Unfortunately, most people keep asking: “what is offshore development center?” and reasons to build one as a business model in 2022. Interestingly, the understanding of this initiative seems to get more businesses involved, thus, setting up their center in certain locations. Well, you will discover what it means and why it is necessary in this article.
What Is Offshore Development Center?
First, let’s start with the notion of an offshore development center.
An offshore development center is a precise location outside a company’s jurisdiction where software development services occur. This center allows companies to utilize international developers to meet their needs. It also has an ideal office infrastructure such as administrative and IT support to provide its services efficiently.
3 Reasons to Build an ODC
Now that “what is ODC?” is out of the way, let’s discuss five reasons why you need to build one for your business in 2022.
- ODC Gives Access to a Large Talent Pool
The first thing ODC guarantees tech businesses is easy access to a diverse talent pool, where they can find skilled labor, such as developers, analysts, engineers, etc., for IT projects. With these talented individuals in an established infrastructure, the success of such a project is inevitable. But more important is finding the right partner to set up this team of experts in the selected location. It shouldn’t take more than two to three weeks to achieve this with reliable partners.
- ODC Is Reliable and Efficient
ODC allows a company to focus mainly on its primary business because it is reliable and efficient. It is an excellent IT solution because experts across different fields are handling it. And with a situation like this, the time spent on development is less, thus, a yardstick for increased efficiency. Companies with ODC build the best high-quality products because reliable hands utilize the latest technologies and resources.
- ODC Is Cheap
Cost is a factor that differentiates an ODC and an in-house development team. The amount of money spent on the former is lesser than on the latter. In fact, reports say that companies could save up to 40% of their development budget if outsourced. Besides, outsourcing rates have been favorable over the years, especially if they are outside the jurisdiction. For instance, a company in the United States should spend less on software development with its development center in Canada. USD trades lower than CAD, thus, giving a chance to plan a good budget.
How to Set Up an ODC?
Anyone can be interested in offshore development center services after reading about its benefits, but what does it really take to have a successful one? Find out how to set up an ODC below.
- Choose a Convenient Location
Setting up an offshore development center means considering a location outside your company’s premise (i.e., home country). Choosing the most convenient location is important for productivity and performance. So far, Asia and Eastern Europe have been great destinations for IT needs. However, choosing convenient options like Canada doesn’t seem bad because it would foster easy communication. To get some insights regarding the specifics of getting your development team in Eastern Europe, read the corresponding article here.
- Get the Right Partner
The next is to hire the services of a development partner to find and recruit the best talents to meet your company’s needs. There is quite a list of these partners online; you only need to select the best one in the preferred location. Also, while giving full autonomy, participating in the recruitment process is consequential.
- Meet All Requirements
More importantly, you should meet all requirements for the full functioning of your ODC. These requirements include legal and financial support, office setup, procurements, and payroll drafting. With this infrastructure established, running the offshore center should be easy.
Conclusion
“What is offshore development center?” The answer to that question has been provided here. More so, you understand the benefits of investing in an offshore center. Therefore, all you need to do from here is to prepare to build your ODC team by hiring the best IT partner in that location.
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