Looking to save costs in the current economy? Hiring contract software developers can provide companies with quality work at a fraction of the cost of taking on full-time employees. But is contracting for your software development the right move? In this blog post, we will take a closer look at all the pros and cons of bringing in outside help for your tech needs, to see whether or not it's worth it for your business.
The current state of the economy
The COVID-19 pandemic, coupled with the current economic recession, has had a tremendous effect on the global economy, causing unemployment to skyrocket. Consequently, companies are looking for ways to reduce costs while still producing high-quality outcomes. One way of achieving this goal is to outsource software developers; this enables businesses to save both money and time by hiring people remotely, with specialized skills without making any long-term commitments. Moreover, in comparison to hiring an employee, it reduces the threat of labor law issues in the USA and many other countries, particularly around ending contracts.
The benefits of hiring software contractors
Flexibility
Provides businesses with access to specialized skills without committing to long-term contracts. Businesses can scale their workforce up or down according to their needs.
Expertise
Hiring experts is easier on contract since there is usually a scarcity for employment. Many software contractors have a wealth of industry knowledge and experience. They also keep up with the latest
technology trends.
Defined process
Great contractors are good communicators, have a clear way of working, and will help guide you on the best way to achieve the task you need.
Urgency
It is usually easy to find and enroll a contractor for a project. Experienced contractors will learn the requirements quickly, allowing them to complete projects efficiently.
Deadlines
Using contractors allows you to set up specific deliverables for specific costs, giving you more control over your spending and roadmap.
Business understanding
Great contractors strive to bring value to your business, so they may come up with solutions you didn’t consider given the context of your business needs.
Predictable costs for deliverables
When structured well, a contractor provides clear costs. Some offer services on an hourly basis, which can help keep costs predictable.
The risks of hiring contractors
Higher cost per hour
Contractors are generally paid more per hour than employees. However, employees often get extra benefits and may not be as efficient with their time.
