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The pandemic transformed the notion of remote work into a new widespread trend. According to Statista, the percentage of U.S. employees working remotely five or more days per week compared before and during the COVID-19 times has shifted from 17% to 44%.
Can we think of this as a temporary workforce trend, expecting it to disappear just after the pandemic crisis ends? Analysts are not that confident on this matter, with Forbes stating that the remote work trend is here to stay for a while. By the end of 2025, about 70-75% of employees are predicted to work remotely. As such, business owners need to address new challenges while transforming them into competitive benefits. Actually, remote teams open new horizons for every party, but only if we do it the right way.
On the one hand, remote work is considered the least-evil solution in a current work environment. On second thought, however, this approach opens up quite vibrant opportunities for businesses. Dealing with a remote team, companies can get a bevy of indisputable advantages:
The times of “money should stay inside the company” have already gone, and the business world’s whales understand the benefits of outsourcing. MyOutDesk offers shocking statistics: 29% of businesses with fewer than 50 employees deal with outsourcing companies. As for the companies with 50+ employees, the percentage increases up to 66%. Eventually, the larger a company is, the more responsibility it has in terms of time and resources spending.
After a four-year decline, the outsourced services market commenced growing, reaching $92.5 billion in 2019. The pandemic is amid the top catalysts for its further development towards new all-time highs. Even though the 2021 figures need to stabilize, the overall business process outsourcing market is projected to reach over $405 billion by 2027.
Today, U.S. companies play a leading role in the outsourcing market as 84.2% of outsourcing deals are linked with United States businesses, according to ATKearny research. Meanwhile, U.S. companies prefer to deal with remote teams overseas to leverage the beneficial terms of collaboration. And Ukraine is among the top destinations for winning the outsourced IT services market. The country enters the top-30 locations with the highest outsourcing potential. As for financial attractiveness, Ukraine occupies 8th place in the world.
With this in mind, Ukrainian outsourcing remote teams help businesses to reduce initial and operational costs and get efficient custom-built software development solutions.
The benefits of working with a remote team are evident, but there are still some hurdles that play the role of limiting factors for this type of collaboration. Which fears may you face first and foremost?
Therefore, most concerns turn out just myths based upon previous negative experiences and never happen when dealing with reliable companies.
While commencing cooperation with an outsource company to hire a software development team, you are able to choose from a wide range of engagement models that usually include:
Communication is one of, if not the most important, the aspects of cooperation with a remote software development team. Apparently, misunderstanding may lead to wrongfully executed tasks. So, what are the main recommendations for building a robust interaction with your remote team?
What do you expect from the collaboration with a remote software development team? Bluntly put, to get your project done and deployed on time and on budget. The following steps can help you get the most out of such collaboration:
ByteAnt is amid the leading Ukrainian companies that offer actionable software development services for startups, as well as for small- and medium-sized businesses (SMBs). The company has experienced remote teams at your disposal helping gain the highest results.
Whenever you might need the right solution, our managers are ready to help you define the project requirements and choose the right engagement model that meets your business-specific needs. Contact us to claim your free consultation and gain a competitive edge in these unprecedented times.
Ukraine experiences high demand from the viewpoint of outsourced services distributed all over the world. While cooperating with Ukrainian remote teams, business owners get high-quality outcomes mixed with an opportunity to cut their expenses as the country enters the top-10, according to the financial attractiveness. Just make sure to deal with a decent software development company to avoid negative experiences.
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