You already know why outsourcing your software development to a reliable nearshore/offshore company is a smart move. You know the ‘’money & time savings math’’ as well, and you are aware of the pros & cons of that strategy. However, the key question still remains: Where to find a ‘’right fit’’ company for the job?
According to Startup Genome, Serbia ( Novi Sad and Belgrade area ) is rated as a ‘’Top 5 Global Ecosystem for affordable talent’’ and as a ‘’Top 5 Global Blockchain Ecosystem’’.
How has this country earned its reputation as a top-tier breeding ground for talented, yet affordable engineer workforce and became one of the most in-demand outsourcing destinations in Central and Eastern Europe? There are 3 main reasons:
- Getting your money’s worth
The price-quality ratio is often a no.1 priority. However, being cost-effective means very little if the service quality is low, as it can put your entire venture in danger and consequently produce far greater financial risk in the future. On the other hand, if the development costs of your team exceed a certain margin, it defeats the entire purpose of outsourcing. In Belgrade and Novi Sad, the two biggest and most significant IT hubs in Serbia, the average software engineer annual salary is about $19.4k which can be regarded as very affordable in comparison with the global average of $58.3k! When outsourcing to Serbia, you can expect at least about 40-50% savings in salary alone as compared to hiring the same engineer profiles in Western Europe or the US. Furthermore, both the University of Belgrade and the University of Novi Sad have been ranked high by the Shanghai Ranking, which is also very important, as University professors play a critical role in maintaining the quality standards of the IT sector in Serbia.
- The ‘’big players’’ are already here
One of the key validation indicators when it comes to Serbia’s reputation as a growing IT center is the number of prominent companies that decided to ‘’set up shop’’ there and benefit from the local talent pool market, such as Microsoft, Schneider Electric, Continental, Ubisoft, and GoDaddy.
- Time zone, Culture & Legislation
Serbia belongs to the Central European Time Zone, which is obviously positioned very well between the East and the West, therefore, the working hours in Serbia align with the working hours in Europe. This can contribute to team coordination in a big way. Moreover, when it comes to working with clients from the US, or Asia for example, there is still a time overlap in terms of working hours, which is sufficient for everyday communication. Furthermore, Serbia has become a modern European country and in regards to work ethics and communication, there are no cultural barriers to conduct business successfully. Due to the fact that Serbia is in the process of joining the European Union, harmonization with the EU legislation is evident, hence, companies from the EU can expect very similar, but in some cases, a laxer legal framework which can be used to their advantage.
What is your experience in working with Serbian IT professionals?
Feel free to contact us at https://octaitsourcing.com/ and share your thoughts on this subject! 🙂