Nearshore software outsourcing services have become an increasingly popular way for companies to save money and increase their bottom line. But there is a lot of confusion about the differences between Onshore, Offshore, and Nearshore.
The digital landscape is changing at lightning speed. New technologies are emerging at a fast pace and your business could fall behind without the right partner to support your software development projects.
Onshore means hiring software developers in the same country or region. Offshore indicates that the company you hired is in another country with a different time zone, like India. Nearshore refers to your outsourcing partner with resources in a neighboring country that is a short distance away and often in the same timezone, such as LATAM .”
Why you should partner with a nearshore development company
With the nearshore model of software development outsourcing, companies find their match in partners that are closer to home and offer lower costs than onshore through savings in logistics and general overhead.
But finding the right partner is not so straightforward. To succeed with your project, you need to consider several factors before collaborating with a partner.
What to look for in a nearshore software development partner
If you approach the partner selection process with the right criteria, you will significantly increase your chances of finding a partner that meets your needs.
There are many factors that need to be considered when looking for a software development partner past better value for your investment and aligned timezone.
Here are 5 tips that will help you select the right nearshore partner for your software development project:
1) Look for partners based in the United States
There are several advantages to choosing a U.S.-based partner like HatchWorks. Your business can benefit from shorter lead times and more manageable communication.
This begins with our ability to meet in person and start your project off on the right foot. By working with our U.S.-based product management and design team, you get closer alignment with your internal stakeholders, helping streamline project delivery.
From there, our local customer engagement team ensures the success of your project. We keep you updated on every aspect of your project from start to finish. You can focus on your core business instead of losing sleep trying to communicate with offshore partners.
It is also important to look for a company that has experience working with clients from your country and industry. Clutch.co is a fantastic resource for hearing what customers say about working with us. On Clutch, you’ll be able to see the work we have done with companies like yours and what has made us successful at it. You’ll also be able to see if we meet your tech stack needs.
2) Stress the need to not only practice Agile but live by it
It is crucial that you select a partner that knows how to deliver. They should have solid project management capabilities with the kind of expertise and experience needed to achieve your goals.
You need a partner who lives and breathes Agile in everything they do.
For over five years now, HatchWorks has run successful distributed remote Agile teams for software and data projects. Our Agile approach embraces collaboration and feedback loops to:
- Validate your product ideas,
- Provide flexibility over scope and scale,
- Reduce uncertainty for all stakeholders, and
- Give you quicker time to value.
3) Verify that they’re able to hire efficiently
Timing and efficiency are critical elements for successful outsourcing. Your project’s success is dependent upon how fast your partner can hire new team members.
Our process fosters transparency and creates efficiency
HatchWorks Sprint Recruiting applies Agile methodologies to the recruiting process, helping you get the best talent faster so you can start delivering value.
We custom fit our efforts to your needs based on skill set, seniority, and industry expertise. Not only is our pipeline pre-vetted with top talent, but our Agile process also optimizes for time to fill and quality of talent so you get the skill sets you need.
4) Ask about retention rates, the higher the better
There is nothing worse than getting someone onboarded and then they switch jobs. Not only is it a pain, but you lose their domain knowledge related to your business and project. What’s worse is you have less control over your partner’s ability to retain their people.
That is why it is critical to find a partner that not only has high retention rates but prioritizes treating their people right.
HatchWorks is a multi-award-winning company that treats its people right
Since its start, HatchWorks focused on building a best-in-class workplace through its culture. We know that our greatest asset is our people.
Not only do we strive to hire the best people-we also know we can only succeed by appreciating them, working collaboratively, and being humble and accountable to one another.
This includes building a strong culture, annual investment in ongoing training for each employee, and profit sharing for the whole team.
This commitment to being the best workplace has propelled our growth and earned us awards and recognition from Inc. Magazine and the Atlanta Business Chronicle.
5) Don’t ignore insurance and risk management
Make sure your partner has Errors and Omissions (E&O) Insurance. This is typical for US-based firms, but not necessarily for partners based in Latin America.
This type of insurance provides you with not only the protection you need but peace of mind that allows you to focus on your project and core business.
Learn more about Nearshore Software DevelopmentHere are additional resources to help you select the right Nearshore development partner:
- The Essential Guide to Nearshore Software Development
- 23 Nearshore Software Development Statistics to Know in 2023
- Top Latin American Countries for Nearshore Software Development in 2023
- 3 Simple Reasons to Consider Nearshore for Software Development
- A Comprehensive Comparison of Nearshore vs. Offshore Software Outsourcing
- Location Doesn’t Matter. Talent Does.
- US-based engagement and accountability
- Experts in Agile methodologies
- Top talent
- A partner that treats its people right
- Accountability and reliability
HatchWorks is the Right Nearshore Partner
If you want to accelerate your software development with the right team at the right value for today’s remote world, contact us about our Nearshore development teams.
Don’t miss out on the opportunity to tap into the talented pool of Latin American developers at HatchWorks, delivering top-notch solutions across the region.
Getting Started with HatchWorks Is Easy
HatchWorks will work with you to perform a free initial assessment of the team composition you need based on your current team structure. They can work as an autonomous dedicated team or integrate with your own team to meet your needs. No matter what phase you are at in your software solution journey, HatchWorks can help you accelerate your path to success.