What Makes a Great Team Member? This is so true! Our project management team, and some other people I know fit this description pe...
The Incredibly High Cost of Saving Money on Outsourcing
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Everyone is under pressure these days to cut costs, but saving money isn’t worth it if you cut your own throat in the process. Find out how to avoid making a very dangerous financial mistake.
Outsourcing is supposed to save you money. Right? This is especially true when it comes to outsourcing mission critical work like software development, typically done offshore, with companies who enjoy very low labor rates. Why pay a software developer $80,000 to $150,000 a year, when you can get one overseas for $40,000 or less? That math gets especially attractive when you need a lot of them. At least the promise of big savings is supposed to be the idea. Unfortunately, the saying “Outsourcing will save you money,” is a lot like the old adage of,
“Practice makes perfect.” They’re both half-truths.
The real truth is: “Only perfect practice makes perfect.” If you repeat the same mistakes again and again, practicing something wrong for any amount of time won’t make it right. Similarly, only outsourcing with the right partner will save you money in the long run. Pick the wrong one and you’ll pay dearly for that decision.