If you’re responsible for building and managing software teams this isn’t going to come as a surprise: IT industries in developed economies the world over are experiencing major skills shortages.
Finding great local talent is only getting more competitive.
Skilled migrants are arriving in insufficient numbers, while fewer capable, talented students graduating with Computer Science degrees.
Demand is booming, and supply is waning.
For sophisticated organisations, the accelerated shortage across the software industry poses real threats to innovation and productivity, especially as companies look more and more to digital technologies (and minds) to drive them.
The impacts are in major opportunity costs and negative consequences for the wellbeing of existing staff.
Promising opportunities are left on the table, under-resourced technical teams feel stretched and stressed, costing companies in the long run.
If you’re an executive feeling this strain, you’re not alone – every major developed nation has hit the same business firewall.
Australia’s need for an additional 100,000 ICT workers over the next five years (ACS Digital Pulse report, 2018) is echoed strongly by other economies around the world.
Singaporean employers cite a talent shortage as their “top concern for the future” in light of their government’s crackdown on hiring migrants, and a staggering three-quarters of Hong Kong’s CIO’s aren’t secretive about the challenges in finding right-fit, high-calibre IT professionals.
The solution, as I’ve been able to show our customers firsthand, is in leveraging an offshore partner who can scale up and down exactly as your business requires.
A strong offshore technology partner with flexible access to strong, high-calibre talent pools will allow you to create, meet and maximise opportunities which otherwise would not be possible.
A strong offshore partner will take the weight off of your team, leaving more time for innovative thinking, stronger processes, security and implementations with superior solution design – all crucial markers for minimising technical debt, and maximising quality and profitability.
The benefits don’t end with your team and bottom-line.
Technology is changing. Organisations who want to operate on the bleeding edge are faced with the challenge of keeping up; how to ensure that you’re maximising the innovation you’re generating for your customers and industry.
Hiring one-off specialist contractors and consultants can negatively impact the velocity of the work in progress while over-investing in existing technical teams makes for easy poaching in an increasingly competitive hiring market.
Offshore technology partners instead do the heavy lifting when it comes to recruiting and training for specific technologies. They shoulder the responsibility of learning highly-specialised skills and processes and take away the risk of attrition and lowered productivity.
While the price will always be a factor when choosing an offshore technology partner, sophisticated organisations are realizing more and more that the true value comes not in upfront cost-savings – but in overall return on investment.
In fact, low-quality operators more often than not end up costing companies more.
Rigid delivery processes, poor communication channels, vulnerable implementations, re-work and technical debt are all part of the hidden price tag.
The reason for this is simple: low-quality offshore operators have trouble attracting, and retaining top technical talent.
Utilising the services of a strong offshore partner means having unfettered access to an unshakeable culture of excellence.
Excellence that enables you leverage the kind of talent that’s continuously being pursued, developed and retained. The long-term return on investment for this is exponential.
In my experience, the concerns most executives struggle with typically involve some variation of:
How can I meet the demands of my business, whilst minimising costs and maximising profitability? How can I make sure I’m meeting all opportunities head on without compromising on quality or the morale of my team?
And my answer is this:
Any company seeking to operate at the top of their game needs a strong offshore partner.
….A strong offshore partner will give you an edge in your ability to scale flexibly, to innovate and to get to market faster.
…A strong partner will be harmonised with your organisational goals, vision and values.
…A strong offshore partner will have access to a deep talent pool, built around a solid culture that can easily attract (and retain) talent
…And because top talent is always in demand, regardless of the market.