Are you falling behind in business, because of a lack of talent? Now the question is how can we solve the talent problem to become competitive in business. If this is true that you want to solve your talent problems, then it might be time to do what other business leaders have done. Find a way to build your own offshore development centre(ODC) in India.
A lot of companies are choosing to build an offshore development centre (ODC) in India for a number of reasons.
In an era where technology is changing at a rapid pace, companies have been struggling to keep up with new technologies, as well as find talent that can work on the latest technologies. This has led to a shortage of talent in the market, which has made it difficult for companies to grow their businesses.
Why are companies building an offshore development centre (ODC) in India?
To solve this problem and keep up with the latest technologies, many companies have started building ODCs in India. The main reason behind this move is the availability of skilled resources here. With more than 1 billion people living in India, there are plenty of talented developers who can create high-quality products at competitive prices.
Companies are now opting for an offshore development centre (ODC) in India as they find it difficult to hire skilled professionals from the local market.
A report by the National Association of Software and Services Companies (NASSCOM) reveals that more than 70 per cent of the respondents had no choice but to outsource their projects because of a lack of talent, while another 25 per cent said that their preference was to hire in a remote location due to lower costs.
The report also states that small and medium-sized enterprises (SMEs) face challenges when it comes to hiring IT professionals locally, which is why they prefer outsourcing their projects. This has increased the demand for remote service providers like ODCs.
Several companies have started building their own development centre (ODC) in India over the last few years because they feel that it is easier to control the entire process and ensure quality work if they do it themselves rather than just sending work abroad without knowing how things are getting done or whether quality standards are being maintained by third parties.
A few of the benefits of building an ODC:
Cost savings – This can be achieved by offshoring some of your business functions to a low-cost location like India, where you can get high-quality services at a fraction of the cost.
Higher quality – Many of today's businesses need to offer highly customized products, which are often difficult to deliver with traditional processes due to their complexity and time constraints. When you outsource your business function to an offshore provider like us, you will be able to get high-quality services at a lower cost and faster turnaround time than ever before.
Better software engineering practices – You may have heard about software engineering practices such as Agile Development Methodology (ADM) and Test Driven Development (TDD). These methodologies help improve the quality of software products by breaking down large projects into smaller chunks that can be completed in short periods with frequent feedback from stakeholders. However, these methods are not always easy for companies because they need continuous training for new employees and frequent communication between
At a time when the need for a skilled workforce is growing, many companies are finding it hard to find the right people in their own country. The solution to this problem is outsourcing your business activities to India, where you can hire talented people at a much lower cost than what you would have spent on hiring them locally.
Offshore Development Center(ODC) can help you to solve your talent problem by providing you with a large pool of skilled resources who are ready to work on your projects at an affordable cost.
The first step toward outsourcing is to set up an offshore development centre (ODC). An ODC is a facility that allows you to outsource your business processes to India while keeping control over them. It provides you with the benefit of having access to office space, high-speed internet and other facilities at affordable rates.
Here are some of the ways through which ODC helps you to solve your talent problem:
It will help you to save time and money as it reduces the need for the recruitment process and lowers training costs.
You will get more skilled resources at lower costs as compared to hiring them locally, so it helps you to save money as well as time spent on recruitment & training processes.
It also helps you in building long term relationships with your offshore partners so that they can provide better quality software services at a reasonable price over some time.
You can set up an ODC by hiring an Indian company that provides these services. These companies will provide you with everything that you need for running your business smoothly – be it infrastructure or employees or taking care of local laws who can help manage the daily operations.
The reasons for choosing India as the destination for setting up an ODC vary from one business to another. However, some of the most common factors that attract business leaders to India for building their own ODC are as follows:
The availability of a large pool of skilled IT professionals with knowledge and experience in developing software products. The Indian IT industry is one of the largest in the world and it has been expanding at a rapid pace. The country has a large pool of highly-skilled IT professionals who can work on diverse projects. This makes it easier for companies to hire developers from India who can help them build their products
The cost-effective pricing of outsourcing services offered by Indian companies. Most businesses prefer hiring services from India because they offer competitive rates compared to other countries
India is known for providing quality services and this attracts many companies to outsource their projects to India. This makes it easier for businesses to hire quality developers who can help them build their products.
It’s the largest English-speaking country in the world – English language proficiency is essential for any developer. In India, English speaking skills are common among software engineers as it’s their primary language. So, if you want to hire quality developers who could understand your business requirements easily and deliver on time, then India is the right choice for you.
Cost-effective - The cost of hiring a software engineer in India is much lower than in other countries like China or Ukraine. Even when compared with other Asian countries like the Philippines or Malaysia, India still offers much better rates compared to them.
Availability of talented resources – There is a huge pool of highly skilled workforce available in India who can work in any part of the world. They have proven their skills in different domains such as software development, application development, web design and graphics designing etc.
The first step is to choose the right place.
You will need to find a city where there are plenty of software developers and other experts who can work on your projects. The best cities include Bangalore, Hyderabad and Pune. These cities have many colleges and universities with good engineering courses, so it’s easy to find talented graduates.
Once you’ve found a suitable location, you need to hire an office for your team. You can either rent an office or buy one outright. If you have enough money, buying an office building is the best option because it will save you money in the long run. However, if you don’t have enough cash on hand, renting an office space may be your only option for now.
Once you’ve hired staff members and secured office space for them to work from, it’s time to get started! Make sure everyone has all of the equipment they need to do their jobs properly: computers, software packages, printers and anything else they might need should be provided by the company so that employees can focus on their work rather than having to worry about how they’re going to get it done.
Next, you need to take care of the local laws, taxation, and various other regularities in other to operate your ODC.