4 Benefits of Nearshoring Your Software Development Teams

The tech industry never stops and it’s always evolving, therefore, it’s critical to build a robust software development team to keep up, improve results, boost productivity, and increase the support, and make your company more competitive in the current market. In general terms, building a software development team is now an essential part of any company’s innovation process.

There’s no doubt that companies need software development and high-quality technology services to stay competitive, but why are many of them falling short? It boils down to not finding available talent, lack of speed to productivity on those hired teams, and the inability to scale efficiently to maintain the fast pace of execution on product roadmaps.  

So, are businesses supposed to just give up on tech? No. It’s all about broadening horizons and finding new business strategies to overcome these challenges. One of these strategies is Nearshoring.

What is nearshoring?

Nearshoring is a strategic move to extend business operations to countries with a vast qualified and bilingual workforce, close proximity, similar time zones, cultures, and values, at a lower cost. This strategic alternative has become increasingly popular throughout the years, specifically for companies searching for tech and software development talent.  

Latin America is an epicenter of tech talent thanks to several aspects, including:

• A strong investment in multiple technology study programs for the community.
• Competitive salaries.
• Highly rewarding software development projects.
• Hybrid work dynamics for developers.
• Better workflows.  

As a nearshore/offshore service provider, Lean Solutions Group has over 10 years of experience augmenting U.S.-based companies' staff with top global talent. Lean Solutions' technology division recruits and onboards the top 3% of Latin American software development talent to maximize their customers' technology efforts.

What are the benefits of nearshoring your software development teams?

1. Schedule compatibility

Being in the same time zone allows companies to have more aligned workflows. They can execute daily meetings to keep everything on track and monitor their team’s assignment completion.  

The close and streamlined workflow also enables leaders to identify and use their team’s skills for ongoing projects. Companies receive complete control over their operations if they require it due to the ease of communication and cultural affinity.

2. Retention rate

Thanks to the proximity and time zone similarities between companies and their teams in nearshore locations, closer relationships are created, and leaders get to know each of their developers. Understanding their skillset and providing them with challenging development projects ensures they stay motivated and perform at their highest potential. Additionally, working with U.S.-based companies allows tech talent to have experience greater exposure to the global tech markets.

Lean Solutions’ tech division has a 91% retention rate thanks to its focus on culture and employees’ well-being. They have created a Warrior Community where developers feel part of a strong team ready to take on any challenge ahead and work for a common goal: changing lives through technology.  

3. Cost and time reduction

Finding ideal candidates for a specific position takes a lot of time. Fortunately, when turning to nearshoring your software development teams, you can forget about the never-ending hiring cycles. Thanks to our established hiring processes and our available pool of qualified talent, Lean Solutions Group’s tech division only spends 20 days to find suitable candidates and saves more than 20 hours in technical interviews, which allows you to enjoy up to 30 to 40% in recruitment.  

4. A flexible business model

By nearshoring your software development and technology teams, you can access our broad technology networks to find the most talented and suitable professionals. Additionally, our business model is tailored to your needs. If you’re looking to enhance your current team, then you can look towards hiring a couple of in-demand positions with us. But if you do not have a tech team and you’re starting from scratch, we can choose from our tech squad templates to build a complete software development team that responds to your current needs.

How to start?

The first step is to understand your company’s needs and capabilities. With this in mind, you’ll be able to evaluate how your teams are structured today, what opportunities there are to augment those teams, or what struggles you're encountering building those teams. The next step is to partner with the right nearshoring company. One that has experience and can guide you through the entire business assessment and implementation processes.  

With our expertise in workforce optimization and staff augmentation, we’ve been able to onboard over 9,000 bilingual professionals for more than 600 U.S.-based companies within various sectors. The Lean Solutions’ tech division has grown tremendously. It has been able to recruit and place over 800 developers in companies like GitLab, Priority Technology Holdings, Project 44, and SeeTickets, among others, who have experienced incredible results.  

Let us build your team so you can build the future! Contact us to start now.