How to Choose the Best Engagement Model for Dedicated Software Developer Hiring?

What is a dedicated developer?

Dedicated developers are the employees who are hired, especially for developing a specific project. To hire a dedicated developer means to have a developer on your company side who dedicatedly works only on your project and delivers you personalized solutions. Hiring a specialized development team is ideal for both existing businesses and developing startups.

Why should you hire dedicated developers?

Organizations hire dedicated programmers for their specific skill sets and experience, which help them to have the most coveted development solutions. These teams or individuals work as if they are your employees; thus, you have control over their tasks. It has proved a perfect option for many IT agencies in various situations and requirements. Though there can be many personalized reasons to hire a dedicated development team, a few are mentioned below.

• Looking for a better project outcome
• Long-term or short-term projects
• Want to have a faster turnaround time
• Increase global outreach
• Access a vast talent pool
• Cost-effective solutions
• Get what you pay for

How much does it cost to hire a team of developers?

The benefit mentioned above is a testament to why the demand for dedicated developers has soared in the last few years. Moreover, it is not going to see a downfall anytime soon. The upfront cost of hiring engineers can reach far into the five figures. 

According to the US Bureau of Labor Statistics, the employment of software developers is projected to grow by 22% from 2019 to 2029, which is much faster than the average for all occupations. 

It may cost you around $28,548 to $35,685 if you hire a dedicated developer for full time though it varies depending upon the experience and expertise of the developers as well. 

Recruiting a new hire will typically cost 20-25% of that person's base salary if you hire an in-house developer. In addition, the in-house employee adds the cost to an employer through paid leaves, Insurance, retirement plans, legally suggested benefits, overtime, etc. 

Whereas hiring software developers is a cheaper gig. You can hire an IT staffing service provider to have the developers on board quickly, or you can also source them by using the below steps;

• Post on job boards
• Use an application tracking system
• Talk to external recruiters
• Have internal HR for hiring
• Do assessment
• Take final interviews

Moreover, with the increase in the companies offering staff augmentation services, you can also select a renowned organization and hire remote developers per your requirements. 

Which are the various hiring types?

It is also imperative to know that there are various ways to hire software developers. Every organization is different; thus, everyone's requirements and ideas are unique. The companies can do the following types of hiring;

• Full-Time Hiring 
• Part-Time Hiring
• Hourly Hiring (On-Demand)

Why are dedicated software developers hiring on demand nowadays?

With the increase in competition, organizations seek more flexible and scalable solutions using the latest and various technologies. Thus, having remote developers for multiple technologies is a better option instead of hiring them all. Software engineers are using better code and tools to finish projects. The organizations are hiring developers for technologies such as Dot Net, Java, PHP, Laravel, Node JS, React JS, React Native, Flutter, SharePoint, Angular JS, Ruby On Rails, MS Dynamic CRM, and many more. A report by the US Bureau of Labor Statistics suggests that the job for full-stack developers will surpass 853,000 by 2024, which will increase the trend of hiring dedicated full-stack developers. Ergo, with projects becoming more complex, businesses frequently employ several engineers to provide consumers with excellent results.

What are the different engagement models, and which is the best for software development?

A dedicated team engagement approach enables clients to receive new team members without dealing with the difficulties of recruiting and onboarding them. Depending on the project's needs, this committed group of dedicated developers may comprise designers, developers, and quality assurance specialists. For hiring remote developers, you can follow various engagement models such as Fixed Cost, Hire Dedicated Talent, and Time & Material. Check them all out in detail to understand more about each. 

Fixed cost-

This engagement model is meant for you if you have a startup or are a small company. Here, you must decide how much you want to spend, and the rest of the things work accordingly. You have to make certain things clear, like project requirements, specifications, and schedules, at the start of the project to be sure about what you receive. Here, contracting parties don't need to closely monitor the project's development because everything is planned and scheduled from the beginning.

Benefits 

• Lesser financial risk
• Flexibility to outsource the project
• Well-decided and non-changing requirements
• Better control over IT cost

Hire a Dedicated team-

If you are an organization that wants a custom software application but does not have time for daily vigilance, this model is suitable for you. Here, you can hire the most qualified developers to meet your requirements and pay them monthly as decided. Then, you can leave the rest of the work to the dedicated team. 

Benefits

• A Dedicated model team is cost-effective
• Great for large, complex projects
• Addition to your IT expertise
• Higher work efficiency
• Direct communication and monitoring of the team
• Greater flexibility in planning 
• Transparent pricing system

Time and material-

This hourly price model suits you if you have a small project demanding minor changes or crash recovery solutions. You can also use this engagement model when upgrading your applications with additional features. Here, the overall cost to your pockets would be proportionate to the time and resources required. 

Benefits

• Supports agile development
• Less risky, as you pay after the amount of work done
• Flexible and dynamic nature
• Teams adjust work schedule if an issue arises
• Easy to adjust to the changes

Which engagement model is cost-effective and best for me / the client?

As explained above, you can select an engagement model per your project needs. Though every model is effective when chosen suitably. It is essential for an organization first to have clarity of requirements and expectations; this will certainly help them select the best suitable model for maximum advantages. Moreover, you can hire dedicated software developers from India where there is no dearth of talented software developers for whichever engagement models you select.