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6 Reasons Why You Should Hire Remote Developers From India

6 Reasons Why You Should Hire Remote Developers From India

The world is currently at its lowest point in talent shortage in over 15 years. More than ever before, the world is witnessing a drop in the availability of knowledge workers in technology, financial services, telecommunications, media, and manufacturing. While this is a great concern, according to a Korn Ferry study, the human talent shortage will only worsen as the study indicates that by 2030, there will be a talent shortage of over 85 million people.

Despite the global talent shortage, the Korn Ferry study predicts an upsurge in the number of high-skilled tech talents in India. According to the study, by 2030, there will be one million-plus increase in the number of tech talent in India, and this is due to several favorable factors.

India churns out over 1 million engineering graduates from over 3500 IT colleges every year. As a result, this has placed India as one of the leading tech hubs in the world. Therefore, while the global powerhouses face an unprecedented decline in their talent shortage, India has increasingly become the world’s destination for top-tier talent.

For organizations, here are a few reasons why you should hire remote developers from India:

Highly cost-effective

Outsourcing tech projects is one of the methods organizations employ in saving costs. Therefore, when organizations decide to hire remote developers from India, they realize the striking difference between the cost of hiring from India and other developed countries like the United States, UK, Russia, and Germany.

For instance, the cost of hiring a lead developer on an hourly rate in the United States is about $176 to $187. In contrast, the hourly rate for a lead developer in India is about $30 to $42. The apparent difference shows that an organization saves up to $150 in hiring costs for the same skill proficiency. Undoubtedly, the cost factor is one of the primary reasons organizations actively look to India to hire remote developers.

The vast pool of top talent

India produces over one million engineering graduates annually. With figures such as this, it’s clear to understand why Bangalore, a city in India, is recognized as one of the world’s outsourcing capital cities.

There is unlimited access to top talent in India due to its predominantly youth population and abundance of tech enthusiasts. According to C SharpCorner, India is expected to have the highest number of software developers globally, surpassing the United States by 2023. As a result of India’s talent pool, it is regarded as the biggest tech hub in the world, second only to the United States. Therefore, hiring a remote developer from India comes with a myriad of options and benefits.

High proficiency in the English language

India has the second-largest English-speaking population in the world. As the world looks to India for its tech talent, there is an ease of communication as millions of Indians are highly proficient in speaking and writing in English.

Therefore, when hiring dedicated remote developers from India, one can be rest assured that there will be no communication barriers.

Top-quality development standards

Due to the large number of software developers in India, the competition is stiff. Therefore, producing high-quality jobs is vital as the hiring organization can quickly drop a developer for another. In addition to the fierce competition among developers, government policies bind contractors to deliver only the best products in terms of software development for organizations.

Favorable government policies

To boost foreign business entrance into India, the government has announced several policies and enacted several acts to ensure a business-friendly environment and foster international trade from other countries.

Several Indian regulatory frameworks encourage foreign tech companies to hire remote developers from India. These acts include the IT Act, Foreign Exchange Regulation, Indian Contract Act, and many more.

Top-tier technical expertise

One of the benefits of hiring remote developers from India is that there is no shortage of tech talent with broad expertise in numerous fields. While new technologies spring up every day, India has an extensive network of tech enthusiasts that pick up new technologies and become specialists in that technology. For every skill or technology an organization requires, there is an Indian tech specialist for it. India’s tech talent pool has experts in new technologies like Blockchain technology, Artificial intelligence, Machine learning, Data science, etc.

India has established itself as a major tech region globally by producing many of the best developers in the world and showing a city widely recognized as a tech outsourcing capital of the world. For organizations planning to build a global remote team, India is one of the best countries to source top talent.

While there might be challenges to hiring from India, such as compliance with the employment laws, managing payroll, and adhering to the tax regulations, the best way to build a remote team is by partnering with an Employer of Record platform like Skuad.

Skuad’s Global HR Platform simplifies the process of building a global remote team and enables organizations to hire, onboard talent, manage payroll, and ensure compliance with the Indian employment laws. Contact Skuad experts to know more.

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Curated content on utilizing Employer of Record partners to build and manage remote teams, remote work, manage payroll, and expanding your organization into new territories

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