There’s no denying that times have changed.
The pandemic caused a significant upheaval in the global work market in 2020. While working from home used to be a perk offered by many firms, it is now the norm for most companies.
According to estimates,70% of the workforce will be working remotely at least five days a month by 2025.
Product development teams must adapt to this new working style by developing tools and processes that will enable them to succeed. When working remotely, transparency, crystal clear communication, and execution rigor are encouraged. Remote product development is considered a suitable and affordable solution.
What is Remote Product Development?
Although remote product development may appear daunting, it holds a superpower in software development.
Remote product development entails outsourcing your new product development to experts in far-flung locations. Remote product development is a break from the sticky notes, whiteboard sessions, actual presentations, and other office activities.
It brings together the finest talent worldwide to build a team that can develop your product faster and with higher quality codes.
According to the Product Plan 2021 State of Product Management Report, the desire and willingness to work remotely have increased by 2.8 percent.
You can conduct this work remotely using digital tools & technology; you can connect with product development experts worldwide.
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Why Do Businesses Need Remote Product Development?
According to Deloitte’s Global Outsourcing Survey, disruptive technologies such as cloud and automation transform outsourcing. According to the poll, most organizations search for technology partners who can bring value to their product line rather than just efficiency and cost-effectiveness.
We’ve all heard about hiring a developer, a complete product development team, or a product development company in another country to develop a product.
Here is a list of companies that have chosen remote product development:
- An entrepreneur with a restricted budget needs product developers or a highly effective product team.
- A product company looking to improve its existing product by incorporating cutting-edge technology.
- An organization that wants to fast digitize its operations and offerings with a digital product.
- A Startup hiring an IT outsourcing company to assist with the product’s technical components.
Remote product development can provide significant benefits and competitive advantage. Each company has its unique set of benefits, but the central fact is that remote product development is becoming the norm.
Benefits of Hiring A Remote Product Development Team
Let’s look at all the advantages of remote hiring for those who are still undecided.
Diverse Talent Pool
When your company’s geographical location is no longer a constraint, your talent pool expands significantly. You can pick and choose the top talent from all across the world. Adding diversity to your staff can help you gain new insights and develop new ways to improve your product.
You won’t have to worry about technology hardware or software constraints because remote engineers usually bring all necessary IT infrastructures. Hiring developers in-house is a time-consuming and expensive process, and you should budget for substantially longer development durations.
Scale-Up/Down the Team
Developers can be outsourced to your local office if you don’t need an in-house team to do particular duties. Outsourcing product development allows you to scale up or down your staff based on your business needs without worrying about logistics or legalities.
Without compromising quality, businesses can save money by recruiting developers from countries with lower labor costs (Eastern Europe or South America). If you have a defined budget for a project, employing remote engineers at a fixed rate ensures that you stay within that budget.
Looking for Remote Developers
Hiring individual developers to build your team of remote developers or hiring a company with a ready-to-go project team are the two options for remote working with developers. The decision is based on the company preferences, project’s scope, and budget, among other factors.
Word-of-mouth, recommendations, social networks (LinkedIn or Xing), and job portals (Upwork, Freelancer, Fiverr, TopTal, etc.) are great ways for businesses to hire remote developers and vice versa. Managing a group of remote developers over a more extended period may be challenging for larger projects. Regardless of how talented a team is, cross-communication is key to the project’s success.
How to Hire a Dedicated Product Development Company
There are many product development firms to choose from all over the world. By looking through their portfolio, you may understand how they work and whether they’ve worked on something related to your idea.
- Professional experience: Most businesses have an area on their websites dedicated to Case Studies of previous client work. By looking through their portfolio, you may understand how they work and whether they’ve worked on something related to your idea.
- Client testimonials: Clutch, for example, is the most popular B2B ratings and review portal, allowing you to choose businesses based on client reviews, experience, industry recognition, and more. Goodfirms, VenturePact, TopDevelopers, and others are similar websites.
To Wrap Up
Over the last decade, the world has rapidly been embracing remote work. As the global remote workforce increases, remote development teams are the new normal for product-based companies. Many corporate functions, and specific entire organizations, will be shifting to a remote working policy now and shortly, either full-time or part-time.
Remote working demands new ways of working as a team, and this transformation does not occur by itself. As a result, companies should think about transforming their organization to a remote environment keeping the employee’s comfort in mind. They should always promote such a culture, keep analyzing the common challenges that workers face when working remotely, and then come up with practical solutions to improve the working environment for their teams.