Why India is a Favorite Offshore Software Development Destination

India’s share of the global offshore software development market is nearly about 44%. India exported IT and ITeS services worth more than $40bn in the year ended March 2008, a rise of nearly 20.65% over the previous year. STPI director general, N Krishnan, said the all-India tentative IT/ITeS exports stood at Rs 2,04,662 crore in 2008-09 as against Rs 1,80,155 crore in the previous year, registering a growth of 20.65 percent.

In today’s competitive world, the offshore model is viewed as more than just a TCO (total cost of ownership) factor. It enables companies to excel at their core competencies while delegating/outsourcing the other non-core aspects of the business to an outsourcing partner. The offshore, outsourcing model truly enables an ecosystem where everybody wins including the company, outsourcing vendor and most importantly, the customer.

Besides cost savings, other benefits include forming virtual teams with exceptional portfolio of workers from around the globe; ability to operate a business network with surety of maintaining the compliance of set standards; increased productivity as a result of having focused professionals working for a considerably lesser payout; and saving up on logistics, infrastructure, taxations, specialized resources and management manpower and costs.

What makes India different? India is the only developing nation in the world whose economy’s structure is similar to a developed economy structure. India generates 52% of GDP from services and that’s quite a unique thing. The primary reasons for this economic structure is the political, cultural and educational infrastructure India has developed over last 60 years.

The government of India has enabled an ecosystem including policies and political environment, which has been helpful in improving the infrastructure as well as communication required for offshore software development services. The government has been a great supporter for software firms by providing the basic infrastructure required for an outsourcing company to thrive thus playing a major role in contributing to the success and well-being of IT outsourcing to India.

On the cultural level, being a democratic and tolerant culture; Indian social framework has inculcated the basic ingredients required to provide effective services. As the base of Indian society is primarily based on co-existence with others, it’s natural when it comes to extending services to companies all over the world.

On the educational aspect, India has huge reserves of highly qualified and English speaking workforce with minimum education as bachelors and masters. The IT professionals are highly skilled and qualified in their respective streams. Some of the Indian universities are ranked among the top schools in the world.

With the internal market booming and the very favorable environment for offshore, outsourcing software development services; Indian software and BPO segment is expected to grow at a rate of more than 16 per cent to become a 132 billion-dollar industry by 2012.

Outsourcing Software Development – Known and Less Known Benefits of Outsourcing

The rapid developments in technology have pushed globalization to a new era. These developments have definitely affected business operations and sprouted the trend of outsourcing.

Outsourcing and specifically outsourcing software development has now become one of the main and viable business operation strategies that companies are looking to implement or have already implemented. In order to stay competitive in their respective industries, a lot of companies have already shifted to outsourcing.

However, there are still those that are reluctant to outsource. Some of these challenges may be pinpointed to logistics, language and cultural barriers.

Despite all these challenges, outsourcing still offers a lot benefits and advantages for companies. There are many benefits, that companies can utilize.

Cost reduction

One of the biggest and highlighted benefits of outsourcing is definitely the reduction of costs. These costs are in terms of reduction of labor costs, and utility expenses. With outsourcing, you may save in office space, rental fees, utilities, additional employee benefits, resource add-on requisition costs, and training and certification costs.

These reductions in costs can mean millions of dollars in savings for the company. This is usually a driving force for companies to shift to outsourcing.

But unfortunately, many times this is the only reason companies use outsourcing.

Increase in productivity

Another benefit of software development outsourcing is the potential increase in productivity. You can set up your outsourcing project the way so it isn’t limited to specific operating hours. You can have your business operating on a 24/7 basis.

Increased in productivity with minimal costs is definitely something companies are always striving to do.

Wider resource pool

Software development outsourcing can widen up the resource pool of your company. Building a talent pool of experts and extremely smart and productive employees is definitely not easy. But because you’re not limited to the resources in one place or one country, your company has a bigger chance of finding the right people for the job.

Filtering all through the hundreds of talents one by one in can be difficult and time consuming. Finding the right outsourcing vendor is also not easy, but will be worth in a long run once you get the right company.

Diversification

Moreover, outsourcing also helps you to diversify your team. Each individual contributor coming from a different background means different point of view and different knowledge.

This healthy segment of resources with different educational and practical backgrounds and varying approaches could definitely bring a fresh air to any organization.

With all the benefits of outsourcing, it is definitely something that your business could look into as an option. Software development outsourcing is already changing the way the business is done today.

Get Your Software Development Job With a Killer CV

If you are eyeing that dream job with a software development company and you know you are qualified for it, what you need is an impressive CV that will get the attention of your potential employers. To get a software development job, you can use the following tips to improve your CV.

First, keep your CV focused on your skills and qualifications since on the job advertisement there should be a list of requirements for the job you are applying for. You should have all the specifications indicated on your CV and also include any additional qualifications that make you the best candidate for the job.

As for where you should include the above information, it very much depends on how you got the qualifications. You can have them in the Work or Professional Experience section, where you should write down the job and title you held, as well as the activities that your job required. If you are applying without prior work experience, that is, straight from college, indicate your qualifications under the Education section where you show the degree and diplomas that you have earned.

Secondly, be specific about what you have studied or learned as a software developer. Your CV should include details like the certifications, programming languages, web applications, operating systems, networking and other fields within software development that you are familiar with. Include all these details for your software development job CV to show the software company that you are not only familiar with but also great at what you do.

The third tip is to include any and all impressive technical achievements in the field of software development. You may have created software as a school project, a personal initiative or even out of curiosity, but as long as the software you have made got you the best grades or earned you some income due to its excellence, do include it in your CV. Remember to take samples of these software to your interview as proof of your expertise.

Finally, avoid including things like hobbies and interests unless they portray you as an invaluable asset to your prospective employer. For example, if you have an interest in gaming, for example, you can say that you are interested in developing and testing gaming software. Ensure that any hobbies you include are relevant to software development or make you an all rounded individual.

Remember that you must write your CV in reverse chronological order that is, starting from your most recent job or educational qualifications. Also use a clean, simple format for your CV, such that it is easy to read, has clear categories and portrays professionalism. You must never send out your CV when it has formatting or grammatical errors, so always ask your friend or acquaintance to go through it before you email or post it.

With these tips, you can be sure that you will get the call for an interview sooner than you expected. Get your dream job by writing a killer software development job CV and impress your future employers.