Investors are well versed in risk-risk-rejection strategy, but startup founders may not have this experience with this strategy. Simply put, when economic conditions are risky (for example, during the 2008 banking crisis), investors choose to keep their money in low-risk assets. Conversely, when the market is stable, investors have a higher risk appetite and are more likely to invest in projects with higher risks and higher potential returns.
What does this mean for business? During a crisis (for example, the coronavirus pandemic), most businesses choose to follow a risk mitigation strategy, stopping the development of new projects and products, saving money, laying off non-critical employees, taking away important talent from competitors, etc. However, when a company shuts down their initiatives, an empty space appears in the market, which means space for growth for a more daring company, which perceives the crisis as an opportunity for risk. Just instead of stocking your developments at headquarters, outsource them to a reliable technology provider in Ukraine.
Who needs outsourcing / outstaffing software development service? This:
- Companies seeking to quickly attract the required highly qualified personnel;
- Companies seeking to ease the burden on their HR department;
- Companies seeking to optimize their workforce schedule.
Problems solved by the outstaffing service:
Competition and rapidly evolving technology present businesses with ever more complex and ambitious challenges that require immediate response. The search and recruitment of IT specialists, taking into account the need for talent in the labor market, can take up to three months, which significantly affects the development of the company. Connecting employees to the project and the time until the first results are an additional expectation. Outstaffing in Kiev, iTizzi Custom Software Development Company offers competent specialists to solve specific problems and projects of clients.
The experts involved have experience and competencies both in the field of the user point and in the IT field. We also have extensive experience in various complex projects at the most critical stages of development and implementation, and strong support from experts.
Benefits from outstaffing:
- Technically qualified and trained professionals.
- Reducing costs and preventing risks.
- Increased organizational efficiency and flexibility.
- Effective reporting procedures to track performance and results.
- Direct access to remote personnel through web tools.
- A team dedicated exclusively to your project.
- No administrative costs.
- No additional costs for staff training and infrastructure costs.
But why outsourcing in Ukraine and not in Poland, India or the Philippines, for that matter? For several reasons:
- Ukraine has the 4th largest pool of certified software developers (over 200,000).
- Many Ukrainian IT companies worked remotely long before the quarantine, and the IT industry as a whole quickly and efficiently switched to remote work.
- Most IT professionals in Ukraine are already vaccinated, which reduces the risk of a sudden project stop due to illness of leading talent.
- Ukraine is a well-known IT center with sophisticated outsourcing / outstaffing processes, good command of English in general and cultural relevance to Western companies.
Well, this all sounds fine and fair, but what about money? Outsourcing in Ukraine provides several important advantages in this regard:
- You can easily create a legal entity here or work through your technical partner’s legal entity.
- All management processes are legal and transparent.
- Favorable taxation of IT services.
- Greater liquidity of the labor market, as talents are constantly completing previous vacancies and are ready to participate in new projects, reducing your recruiting costs.
- Sophisticated business processes for both recruiting new teams and delivering software to ensure a project starts and finishes on time.
Okay, but how do you know if outsourcing is the right solution for your situation?
When to outsource software development / outstaffing – Dnipro, Vinnitsa?
First, let’s make a clear distinction:
Outsourcing means delegating some tasks to an entirely external team or specialist. The difference between working with iTizzi Custom Software Development Company versus hiring a freelancer is that you outsource to a trusted vendor, not an individual, and have contractual obligations that are much more reliable.
Outstaffing in Dnipro, Odessa in our case means hiring remote talents from our technology supplier for a certain period of time. This way, you retain responsibility for the tasks in your organization and simply close the skill gaps by hiring the right talent for the duration of the project.
What are the advantages of working with iTizzi Custom Software Development Company as part of outstaffing for your business, startup?
- Instead of waiting indefinitely to hire talented employees, you have instant access to a team of experts who can add value from day one.
- Good old-fashioned cost savings as hiring a senior developer in Ukraine will cost at least 50% less than hiring elsewhere.
- External resources integrate into your shipping process, leverage your communication channels and issue trackers, report to project managers, and more.
- Access to a wealth of experience, because while some tasks may be new and challenging for you, they will be fairly clear and transparent to our people and they will provide turnkey solutions to overcome the obstacles you face.
Thus, you can offset the numerous risks associated with software delivery by bringing in a reliable technology partner for outsourcing / outstaffing in Eastern Europe.
The question arises – where to find a reliable partner for software development, Lviv? Let’s say without false modesty – iTizzi Custom Software Development Company is the right choice. We have extensive experience in building expert teams to implement our clients’ projects. Take a look at our portfolio and listen to what clients have to say about us – and you will see that iTizzi Custom Software Development Company can be the factor that turns a risk-free situation into an opportunity for you! If you want to try – contact us to attract experienced specialists to your project.
Development & Creation of Startups
Build your startup from scratch - complex projects. Modern design. A revolutionary code technology that makes application development fast and affordable. Dedicated PM. Full stack approach. Streamlined process.
AI & Machine Learning Development
We strive to be at the cutting-edge of machine learning on code. We can take your app to the next level with the latest state-of-the-art solutions.
Blockchain & Cryptocurrency Development
If you’re looking for someone to help you launch your DApp, Exchange or Wallet or to provide Smart Contract development, R&D or consultancy - this is our domain.
Custom Software & Web Development
Set your business apart from the competition. Our developers and operating teams work together to provide you with a highly accessible and reliable infrastructure and thus speed up the delivery of your product.
Mobile App Dev. for iOs & Android
Smartphones, tablets, wearables - follow your users where they are with carefully crafted mobile apps. Reach customers via Android, iOS, or cross-platform solutions. Software design and development.
FinTech. Digital Marketing
As an experienced company in the field of digital transformation, we help companies improve software, web services, implement intelligent management tools and use analytics data to be more efficient.