5 Signs You’re Ready for Nearshore

When it comes to managing the growth of your business, few decisions are as important as deciding who to hire. Scaling up your operations often necessitates expanding your teams, but doing so raises important questions and considerations around available talent resources. No matter how big or small your company may be, it’s critical to carefully consider your staffing options before deciding on a course of action.

Bringing on talented and experienced people who deliver value in their roles is essential to ensuring the quality of your products or services stays high. For some organizations, however, standing up entire teams or competing for U.S.-based top talent can remain out of reach.

The meaning of nearshore

This is where nearshore solutions companies can deliver strong value for businesses. By definition, nearshore involves working with highly skilled professionals from alternative markets where compensation is generally lower, allowing organizations to benefit from world-class talent while creating the potential for significant savings. Many leading companies across a range of industries, including IT and software development, have adopted nearshore strategies to handle hiring surges and bring products to market more quickly as they grow their global remote teams.

But what’s involved with nearshoring, exactly? And how can you be sure that it’s right for your business?

Engaging with nearshore

Taking a nearshore approach can be less complex than engaging in outsourcing or outstaffing, but it can still be challenging to know when your company is ready to get started with nearshoring. Below, we’ll explore five common indicators that your company is ready to explore talent pools in nearby regions.

Top 5 signs you’re ready to start nearshoring

In many cases, it can be far more cost-efficient for an organization to hire external specialists than to try to upskill in-house employees. Savvy business leaders know that training an employee to become proficient in a new skill comes with significant costs. First, there’s the downtime associated with the learning process. Secondly, it takes time for a freshly trained employee to start generating value with the new skill they’ve acquired. In some cases, in-house upskilling makes sense, but in others, it’s much easier – and more cost-effective – to bring in talent already versed in the desired specialization.

For long-term growth and development, your business will likely always need a certain number of in-house employees. Beyond taking care of core functions, however, nearshoring is an ideal option when it comes to populating resources for short-term projects or projects requiring a fast turnaround. Investing in a nearshore dev team to handle a project provides the flexibility needed to quickly scale up your team as needed, and then pare down once a project is complete.

Reducing staffing costs is often the primary motivation for companies that adopt a nearshore strategy, and for good reason: in the tech sector, salaries for skilled employees in regions near the United States (for example, Mexico or Latin American countries) are considerably lower than those of their U.S. counterparts. In simple terms, this means more value for your hiring dollar.

One of the benefits of assembling a team for nearshore software development based in Mexico or LATAM countries is the ease of scheduling: employees based in these areas share the same time zones as North American regions, making it easy to seamlessly integrate out-of-country resources with in-house teams. Knowing that the critical email or Slack message you sent to a nearshore team member will be received in real time fosters a peace of mind that can be hard to achieve when outsourcing talent from further afield.

No matter where your employees are based, the quality of services that your business provides must remain high. While outstaffing to distant countries in other time zones could compromise that quality, nearshoring provides an excellent solution: many software developers and IT professionals in Central and Latin American countries are highly-skilled professionals with substantial experience, ensuring they can not only get the job done but also work in a way that improves your global operations and imbues your teams with fresh perspectives.

Final thoughts

At Taller Technologies, we offer nearshore IT services and solutions designed to be flexible to the needs of your organization. Whether you’re looking to grow your software development team for a short-term project or seeking longer-term nearshoring solutions, we provide the top-quality tech talent you’re looking for in Mexico and other Latin American countries.

Contact us today to learn more about our services and solutions.