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 How to duplicate your productivity in Software development within budget

How to duplicate your productivity in Software development within budget

Software development areas should hire the best team to ensure increased productivity.  Studies have shown a direct correlation between productivity and profitability. Organizations that hire the best developers can benefit in terms of improved output which leads to a positive impact on the company’s bottom line. 

The depth of expertise and breadth of knowledge of extraordinary software programmers is intrinsically higher in comparison to average programmers. They can help push your firm to the next level in terms of growth and profitability. 

Why You Should Hire the Best Software Developers?

Productivity of the software developer refers to the output in a given unit of time.1 In other words, software development productivity is the ability to create quality software in a limited time. 

Various studies have shown that the best software developers are generally more productive than others. 

A seminal study by Sackman, Erikson, and Grant (1968) regarding the best and worst programmers found that the top performers were on average 10 times more productive as compared to mediocre programmers. The findings of the study also show that the initial coding time of the best programmer was 20 times better while the debugging time was 25 times better than the worst programmers. 

Moreover, another article published in the Harvard Business Review found that the best software developers were 9 times more productive as compared to average programmers.3  The best performing IT companies hire the best software developers. They fill the software development roles with stars that make the biggest difference in performance and productivity. 

Studies have also found that the best programmers are quicker at identifying valid codes and have more sophisticated logical reasoning skills.6,7

A study by Susan Wiedenbeck published in the International Journal of Man-Machine Studies found that the best developers were significantly more accurate and faster than non-experts in writing programming codes.4 Another study by Nong Ye and Gavriel Salvendy published in the International Journal of Human-Computer Interaction found that experienced software developers had significantly more information in their working memory than novice developers.5 

The consensus among experts is that more experience in software development equals higher productivity. Hiring the best software programmers will result in higher productivity that will benefit the firm in the following ways.  

1. Reduced Costs

The best software developers can complete the job in less time. They also won’t require any training and can perform the task on their own with no supervision. The best developers have more experience and can design complex solutions. They will start contributing soon after joining. This will result in reduced ramp up and cost as well as improved profitability for the company. 

2. Increased Flexibility  

The best software developers are more flexible in tackling IT projects. They will easily adjust to the varying demands of different tasks. 

Hiring star software developers will ensure that the team remains productive irrespective of the complexity of the tasks. This translates into successful outcomes for software development projects. 

3. Improved Quality Output

High performing software developers will provide an improved quality output as compared to mediocre developers. The best developers have vast knowledge about the best software development practices. They have deep knowledge about agile and DevOps methodology. Moreover, they know about the use of the latest tools to optimize workflow. They can analyze the possible obstacles and deliver stable solutions using tested programming practices. 

The best developers have advanced knowledge with regards to different platforms. They know about efficient development techniques such as using evolved packet gateway and IP/MPLS edge routing for web applications. They also understand how to create secure software solutions and architectures. 

Cost of Hiring Senior Software Developers in the US

Companies have to pay a lot more for Senior Software Developers in the US compared to companies in other countries. Based on payscale (https://www.payscale.com), the average gross salary of Senior software developers is about $93,200 in country depending on the experience. 

However, a US firm is also required to pay additional benefits to full time software programmers. The additional company-paid benefits to employees according to the Bureau of Labor Statistics comprises the following:

  • Annual Bonuses: 3.5%
  • Overtime:  2.6%
  • Retirement contributions: 4.3%
  • Health care insurance: 7.6%
  • Medicare, social security and unemployment insurance: 8.5%

So, the total cost of employing full time software developers can be depicted in the following table. 

Cost of Full Time Senior Software Developer in the US% of Annual SalaryTotal Cost
Annual Gross Salary$93,200.00
Annual Bonuses3.5%$3,262
Overtime2.6%$2,423
Retirement contributions4.3%$4,007
Health care insurance7.6%$7,083
Medicare and social security 8.5%$7,922
Total Cost including fringe benefits$117,898

In addition, a company has to pay general and administrative (G&A) overheads for employing a full time employee. The overhead costs range can be as much as 1.4 times the gross salary in the US, according to the US Small Business Association

Benefits of Nearshoring for US Software Development Firms

Nearshoring can help software development departments in the US to reduce operational costs without compromising on quality. It involves outsourcing the IT processes to companies in a nearby country with low labor costs. 

As opposed to offshoring, nearshoring doesn’t involve shifting work to distant countries. As a result, firms don’t have to face communication issues due to large time differences and language barriers. 

Contact a Nearshore Software Development Firm Today

US firms can contact Vates for nearshore software development services. We offer dedicated IT teams selecting the best developers that will ensure that projects get completed in the shortest time possible and at a much lower price. Vates selects the top 10% best developers to ensure that their projects have quality, in the shortest time.

Our clientele include Fortune 500 companies such as Intel, IBM, Oracle, Motorola, and others. You can rest assured in the same level of quality IT staff augmentation through our nearshoring services that will help in minimizing the cost of software development projects.

Final Remarks

Hiring the best software developers will ensure that IT projects get completed in the shortest time and lowest prices possible while maintaining quality. 

To hire the best Senior Software Developers, you can contact Vates – a nearshore custom software development company offering dedicated IT teams and staff augmentation services. We select only the top 10% most senior software developers in the region. Contact us today to find out more about our IT staff augmentation services for software development