How Can Small Companies Benefit from Hiring Remote Developers?

How Can Small Companies Benefit from Hiring Remote Developers?

You may have noticed that hiring remote employees has become a common trend in a growing number of companies. Today, individuals from all over the world can easily connect and work on remote development projects using collaboration and networking tools like Google Hangouts and Slack.

As a small company, going remote may be of a much greater benefit to you, as continuing with the status quo can at some point pit you against larger competitors for limited full-time talent and costly office space.

Some small and medium-sized companies have even gone for the remote-only paradigm. According to Hallway statistics, 67 businesses worldwide have adopted a fully remote work model, and the number can be expected to rise as technology use increases.

Although there are some misconceptions about remote work, the benefits of using remote developers far outweigh any perceived shortcomings, as you will see below.

Hiring remote employees can open up new possibilities for small companies

As a hiring manager or CEO, you should seriously consider the following benefits when deciding to hire remote developers for your small company.

Remuneration

Using a remote team can save money for your small company in short as well as long term. The remote developer hiring cost is considerably lower than the salary of an in-house team.

Human resource consulting firm Robert Half International has calculated the average salary of an in-house developer in 2021 to be over $149,000 per year. As compared to the cost of an in-house developer, a remote professional employed via Aspired can cost less than half that amount.

Fixed costs

The cost of renting office space is one of the most significant fixed operating expenses a company can face. Your small company may save a lot of money by implementing a remote work strategy as it eliminates the need for costly office space, utility bills, computers, and consistent internet access.

A pool of diverse talent

Finding top talent is one of the most complex challenges that employers face. You can maximize the size of the talent pool available by electing to go for a remote team. Since you can seek out people from anywhere in the world, you have a better chance of attracting the brightest minds. With a remote group, virtual expansion is also an easy possibility.

Streamlined hiring and training

Recruiting full-time employees is a time-consuming, costly, and labor-intensive process that includes many steps such as collecting applications, reviewing resumes, and performing staff interviews. A remote recruiting company will handle all of these human resource procedures for you, saving your time and any potential frustration.

Training your in-house workers in the most up-to-date technology and software will cost you money and time. You won’t have to consider such expenses if you hire remote workers.

Keeping the target in mind

A remote arrangement acts as a reminder to your staff that you appreciate work that contributes to the company’s goals. Even if they are not physically present on-site, employees must deliver on a routine basis. They must take responsibility for achieving the targets that have been allocated to them, which would ultimately contribute to the achievement of company objectives.

Only pay for contracted services

You must pay for each resource on your in-house project team when you employ them. However, with remote developers, you just have to pay for the services you have contracted out.

Hardware Breakdown

When a device or piece of equipment breaks or malfunctions on the job site, it must be substituted or repaired as soon as possible so that the project can continue. Due to the unpredictability of these occurrences, it is crucial to plan a portion of the budget for them. Remote hiring can save you from such headaches.

Maintaining in-house talent

According to StackOverflow, new employment openings are attracting more than 60% of on-site developers. Any employer will consider this a detrimental situation, as it can be difficult to maintain highly qualified developers if they have this attitude. In case one or more essential in-house experts leave unexpectedly, the company can suffer a setback. A remote setup can help you avoid such a potential problem.

If you add up the savings listed above, you are looking at a considerable reduction in project costs! You can see why people would rather employ dedicated remote developers than an in-house development team; the former is obviously the more cost-effective option.

Proven tips to help you find a high-performing remote developer

Defining the qualities that make a successful candidate

Business owners need to know what kind of candidate will be a good choice for the role. Contingent on the industry and type of work you are looking for, the list of qualities can differ. Keep in mind that excellent written communication, the ability to operate in a deadline-driven remote development environment, and strong technical proficiency are examples of must-have skills for remote employees.

Evaluate the principles of the applicant

Business owners often overlook the value of organizational culture for remote teams. The reality is that the team’s success is highly dependent on whether or not applicants share the company’s ideals and are aligned with them. Schedule a call with an applicant to explore the company culture in addition to conducting an experience assessment.

Offer a compensated work trial

It is a low-risk way to ensure that a potential remote employee is a good match for the future team. To save costs, a reasonably low fee or payment on an hourly basis during the trial period may be agreed on.

The search for dedicated remote personnel

It can at times be difficult to find a dedicated remote developer. There are, however, certain places where you may try to look for talented remote employees.

AngelList, StackOverflow, and Remote.co are just a few examples of online communities where you can try to find remote developers. Then again, the profiles have not been verified and may contain inaccurate information.

There are also freelance networks such as UpWork and Fiverr, which enable users to access the profiles of hundreds of freelancers with varying levels of experience and expertise. Both systems are excellent for dealing with single freelancers but not so much for hiring dedicated remote workers.

Thirdly, remote hiring companies such as Aspired can provide a systematic and customized recruitment scheme for creating your remote team, minus the usual complexities. It will help you find software developers and a variety of other experts with the knowledge and experience your small company needs.

Is your small business going remote?

In the modern workplace, the remote employee has become a strong agent of change. Small business owners are the ones who stand to gain the most from the inception of this trend. Hiring remote workers lowers administrative costs, simplifies talent acquisition, and offers companies a competitive advantage over teams that are unable to leverage flexible work.

Establishing a productive remote team could be easy if: you recognize what tools to use for talent scouting, take the time to engage with job aspirants, and clearly understand what kind of individual you are looking for.

However, keep in mind that success with remote developers can be an elusive task. You will need a system for thoroughly screening applicants for a suitable remote workforce. For a smooth and cost-effective remote team recruiting process, you should use a specialist agency like Aspired; it can assemble your dedicated remote team in a very short time!