{"id":224,"date":"2022-04-14T04:33:46","date_gmt":"2022-04-14T04:33:46","guid":{"rendered":"https:\/\/flipkoins.com\/blogs\/?p=224"},"modified":"2022-05-02T04:27:36","modified_gmt":"2022-05-02T04:27:36","slug":"virtual-workforce-saves-you-money","status":"publish","type":"post","link":"https:\/\/flipkoins.com\/blogs\/virtual-workforce-saves-you-money\/","title":{"rendered":"How High-Performance Virtual Workforce Saves You Money? The 2022 Report"},"content":{"rendered":"
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Do you know you can practically save up to 65% of your overall project cost<\/strong><\/span> just by hiring the best remote software development companies like FlipKoins<\/strong>? Yes, a virtual workforce saves you money while ensuring a seamless project development<\/strong> to meet its requirements and end goal.<\/p>\n\n\n\n

The\u00a0newest study by McKinsey\u00a0recently reveals that more than\u00a087% of companies<\/strong>\u00a0are now dealing with credible manpower and\u00a0talent shortage<\/strong><\/span>. Another\u00a0report by the US Bureau of Labor Statistics also tells us that more than\u00a0140k new jobs<\/strong>\u00a0will be created in the software development field by the end of\u00a02026<\/strong>.<\/p>\n\n\n\n

And there is just one way to deal with this problem effectively; it is by hiring a credible and experienced remote software development team<\/a><\/span>. We have also found four main reasons<\/strong> why a remote workforce can effectively minimize the overall project cost while yielding optimum output.<\/p>\n\n\n\n

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4 Key Reasons Why High-Performance Virtual Workforce Saves You Money<\/h2>\n\n\n\n

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1. A Virtual Workforce Gives You Access To A Large Pool Of Talent<\/h3>\n\n\n\n

A\u00a0new report by Ncube\u00a0suggests that the\u00a0USA alone will witness a massive shortage of more than\u00a01.4 million<\/strong>\u00a0credible software engineers<\/span>\u00a0by the end of this year, as just\u00a0400k<\/strong>\u00a0new USA-based programmers are now passing out each year. Another\u00a0report by BIS\u00a0also predicted that the employment rate in the custom software development<\/a> field will witness a\u00a022% growth<\/strong>\u00a0by 2030<\/span>.<\/p>\n\n\n\n

More and more companies are now looking to outsource their development projects to offshore developers to\u00a0calibrate the manpower shortage<\/strong>. And this trend will rapidly increase, as a\u00a0new study by Hackernoon\u00a0revealed that the outsourcing development market will likely witness a\u00a04.42% CAGR<\/strong>\u00a0in the next five years.<\/p>\n\n\n\n

India currently houses the largest pool of software developers<\/span>\u00a0as the nation now has more than\u00a05.8 million software developers<\/strong>, according to a\u00a0new report by GitHub. Another\u00a0survey report by Statista\u00a0also claims that\u00a0India will have at least a\u00a030% market share<\/strong>\u00a0in the\u00a0global IT-BPM sector<\/strong><\/span>\u00a0in the next few years as the nation is now swiftly advancing to a\u00a0$5 trillion economy<\/strong>\u00a0by 2024.<\/p>\n\n\n\n

We at FlipKoins<\/em><\/a> always hire credible Indian developers not only just to build a strong team<\/strong> but also to overcome the challenges of software development<\/em><\/a>. And not just developers, we also regularly hire credible support staff, managers, and admins<\/span> to ensure a smooth workflow<\/strong> and communication<\/strong>.<\/p>\n\n\n\n

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2. Virtual Workers Have Lower Attrition Rates<\/h3>\n\n\n\n

Virtual workers in the field of custom software solutions tend to ensure a\u00a0lower attrition rate<\/strong>\u00a0for the companies, as\u00a0they can maintain a\u00a0perfect work-life balance<\/strong>\u00a0while working from their familiar locations<\/span>. A\u00a0new report by Forbes\u00a0recently revealed that more than\u00a070% of employees<\/strong>\u00a0stated that they had an\u00a0increased ability to meet the\u00a0deadline<\/strong><\/span>\u00a0while working remotely.<\/p>\n\n\n\n

According to a\u00a0new report by Get Abstract, more than\u00a043% of full-time workers<\/u><\/strong>\u00a0in the\u00a0USA<\/strong>\u00a0alone want to work virtually<\/span>. And the similar stats are also reflected on the global scale. However, many companies are still reluctant to adapt to a virtual workforce as they have doubts about the communication gap<\/strong> and time-zone difference<\/strong>.<\/p>\n\n\n\n

A\u00a0recent report by Youth Time\u00a0tells us that more than\u00a093% of software-related communications<\/strong>\u00a0are completely\u00a0nonverbal<\/strong><\/span>. And FlipKoins also maintain a strong policy for\u00a0direct communication<\/strong>\u00a0to minimize the gap, as\u00a0we rely on the \u201cAgile<\/strong>\u201d methodology to keep up with the changes needed<\/span>\u00a0as the project progress. Besides, our\u00a0remote offshore office<\/em><\/a>\u00a0runs\u00a024×7<\/strong>\u00a0to eliminate the\u00a0time zone differences<\/strong>.<\/p>\n\n\n\n

A\u00a0recent report by the EPA\u00a0also suggests that the\u00a0greenhouse gas emission was cut down by a massive 3 million tons<\/strong>\u00a0as more than 3.9 million workers<\/strong>\u00a0chose to work remotely<\/span>. So, a virtual workforce not just saves you money but also makes your development team happy <\/strong>and healthy<\/strong>,\u00a0living in a better and\u00a0climate-conscious environment<\/strong><\/span>.\u00a0<\/p>\n\n\n\n

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3. Virtual Workers Are Hard Working And Proficient<\/h3>\n\n\n\n

There is no doubt that virtual workers are more proficient at the development work as they can yield better results<\/strong>\u00a0in a\u00a0shorter time<\/strong>. A\u00a0recent study by Stanford\u00a0reveals that\u00a0virtual workers are\u00a013% more productive<\/strong>\u00a0and efficient\u00a0than their office-based counterparts<\/span>. And as they can work in their familiar environment<\/strong>,\u00a0the virtual workforce tends to be more\u00a0hardworking<\/strong><\/span>.<\/p>\n\n\n\n

The\u00a0newest report by Global Workplace Analytics\u00a0also tells that more than\u00a033% of employees<\/strong>\u00a0in the software development field prefer to work virtually than having a\u00a0pay hike<\/strong><\/span>. Most credible software developers in the offshore development field also admit that they have improved output<\/strong>\u00a0and\u00a0better results<\/strong>\u00a0while working from virtual locations.<\/p>\n\n\n\n

On the other hand, an\u00a0experiment by Microsoft\u00a0suggests that\u00a0the productivity of a virtual workforce increases by more than\u00a040%<\/strong>\u00a0when they adopt a\u00a0compressed workweek strategy<\/strong><\/span>.<\/p>\n\n\n\n

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4. A High-Performance Virtual Workforce Saves Your Business Money<\/h3>\n\n\n\n

Hiring credible software developers in the tier-I countries is a\u00a0costly affair<\/strong>, as the\u00a0US national average now lies at\u00a0$86k\/year<\/strong>, while the annual average for developers from California stands at a massive $112k\/year<\/strong>. And according to a\u00a0study by Stanford University, companies can save up to $2k\/employee<\/strong>\u00a0just by hiring a remote offshore workforce<\/span>.<\/p>\n\n\n\n

On the other hand, a\u00a0new report by Global Workplace Analytics\u00a0reveals that\u00a0employees can save up to $11k\/year<\/strong>\u00a0on average<\/span> while working from remote locations. Another\u00a0study by GWA\u00a0also indicates that there are now more than\u00a03.7 million employees<\/strong>\u00a0all over the globe who\u00a0prefers to work as a part of a virtual workforce<\/span>.<\/p>\n\n\n\n

We at FlipKoins<\/a> <\/em>not just take care of our team\u2019s wellbeing but also guarantees at least 65% lesser project cost<\/strong> to clients. And by hiring us, you can also effectively eliminate all the overhead costs while developing your dream project.<\/p>\n\n\n\n

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Takeaway: Hiring A Virtual Workforce Can Save Your Business Money<\/h2>\n\n\n\n

High-performance virtual workforces are the future, no doubt about it! And a\u00a02020 report by HBR reveals that software industry giants, such as\u00a0TCS<\/strong>,\u00a0GitHub<\/strong>,\u00a0MobSquad<\/strong>, and\u00a0Zapier<\/strong>, now plan to go completely remote and virtual in the\u00a0next ten years<\/strong><\/span>. And there are many other\u00a0benefits of hiring remote developers in India<\/em><\/a>\u00a0that you can take advantage of in this situation.<\/p>\n\n\n\n

It is a fact that a virtual workforce saves you money, way more than you can possibly assume. But, if you want the best development team<\/strong> that yields optimum results<\/strong> in the shortest possible TAT<\/strong><\/span>, feel free to contact us<\/em><\/a> or drop your queries in the comment box.<\/p>\n","protected":false},"excerpt":{"rendered":"

0 Shares Facebook Twitter WhatsApp LinkedIn Do you know you can practically save up to 65% of your overall project cost just by hiring the best remote software development companies like FlipKoins? Yes, a virtual workforce saves you money while ensuring a seamless project development to meet its requirements and end goal. The\u00a0newest study by McKinsey\u00a0recently reveals that more than\u00a087% of […]<\/p>\n","protected":false},"author":4,"featured_media":229,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[23],"tags":[21,33,39],"class_list":["post-224","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-offshore-team","tag-benefits-of-hiring-developers","tag-indian-offshore-developer-at-low-costs","tag-virtual-tech-workforce-saves-money"],"yoast_head":"\nHow High-Performance Virtual Workforce Saves You Money? 2022 Report<\/title>\n<meta name=\"description\" content=\"There are many benefits of hiring a remote team as high-performance virtual workforce save you money. But, do you know how? 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There is no doubt that a virtual workforce saves you money as you can effectively get rid of the overhead cost<\/strong><\/span> when compared with office-based employees. Any development company can eliminate the cost of office renting<\/strong>, office supplies<\/strong>, and even maintenance<\/strong> just by hiring a remote offshore developer<\/em><\/a>.<\/p>\n\n\n\n

FlipKoins always hire the best developers in India for low cost<\/em><\/a> who are hardworking<\/strong>, have massive industry experience<\/strong>, and skillset in their respective technologies<\/strong>. And by hiring us, you not only ensure the success of your development project but also get an efficient workforce that yields optimum results<\/strong> in the shortest-possible TAT<\/strong><\/span>.<\/p>\n\n\n\n