Why Genos should be your outsourcing partner
When you’re choosing your partner for outsourcing there are many factors that you should take into consideration:
The pool of talented developers in Romania
When choosing the ideal outsourcing destination for your business, you should create a short list of countries where the pool of IT specialist is large, developing and talented.
Details and advantaged of choosing the IT industry in Romania:
Genos is located in Bucharest where more than 45% of the software developers in Romania are active on the labour market.
Traditional software outsourcing in offshoring, typically requires the collaboration with software developers from another continent. Offshoring as a concept implies outsourcing of production or services to another country.
Farshoring is part of the offshoring process which implies outsourcing to far away countries, for example to Asia, the risks encountered by doing so involve lack of controlling measures, linguistic, cultural and moral barriers and questionable enforcement of rules and regulations for punishable behavior, such as thefts of intellectual or owner property.
Nearshoring implies outsourcing software development to countries on the same continent, or in the geographical proximity, where language, cultural and communication barriers are limited or non-existent.
By choosing to nearshore in Romania you will not have to deal with significant time zone difference, long travel duration, accessibility – situations in which it might take 1-2 days before you arrive at your outsourcing partner – and cultural barriers will be minimized.
When considering nearshoring rationally you should focus on Eastern Europe, due to almost 1M developers on the labour market and their less competitive salary levels in comparison to Denmark.
But these should not be the only factors with a heavy weight in your decision-making process, Eastern Europe is divided into countries which are or not members of EU or NATO and mostly Slavic speaking Slavic.
Romania is differentiating itself from all the other Ester European countries by having the following set of characteristics:
The Romanian culture and professional youth are very similar in norms and mentality to the ones from US and Central European countries, adding to it the typical enthusiasm and strong competitive drive that define them. Building on a balanced blend of high-level technical proficiency in leading-edge technologies, with great communication skills, the Romanian IT specialists excel in fulfilling even the most sophisticated demands.
TCO – total cost of outsourcing
While considering outsourcing any processes you need to know the benefits of doing so, in terms of cost, value-added and strategic services in order to decide if outsourcing is economical attractive for your company and in order to choose the ideal outsourcing partner – normally TCO terminology refers to the Total Cost of Ownership, but we use it here in slightly different way, we’ll refer to TCO as Total Cost of Outsourcing
Below TCOs factors are put into the context of choosing Romania as your outsourcing destination:
At the end of the year you have to take all the facts mentioned above into consideration when calculating the TCO. Genos can help you calculate the TCO and create the Outsourcing Coefficient, OC, which will allow you to compare the cost/hour in Denmark with cost/hour in Romania.
Profit/Month = Monthly Danish Brut Salary – Monthly Romania Brut Salary * OC, the OC should be between 0.9 and 1.15. The more experienced you become with outsourcing the closer you get to OC <=1.
The benefit of using the OC is that it offers a clear perspective over your resources in the moment you are allocating developers for a project within different locations (e.g. also more outsourcing destinations)
Genos has prepared a report that illustrates in detail all the cost benefits of having Romanian employees!
Selecting the optimal outsourcing partner
In the end you must take into considerations a lot of relevant topics for your company and the above listed topics hopefully did inspire you.
Genos is offering outsourcing of software development and Service Desk for Danish clients. Genos can offer you the optimal mix of factors mentioned above. Please contact Genos for further information : firstname.lastname@example.org