The average cost to hire a remote developer would range somewhere between $10,000-$150,000. While the hourly rate to hire remote developers would range between $5-$95. Before we get into how these figures were calculated, let us first understand why remote developers are in high demand. Web and mobile application development are at an all-time high right now.
Since the pandemic, remote work has gained popularity. Before hiring remote developers, you’ll have to adapt your management style and workflows to correctly integrate remote workers into your team. It’ll be a challenge, but once you overcome an initial period of change, you will become a true 21st-century entrepreneur. Another benefit is your overhead costs will drop and become easier to manage.
Factors Affecting The Cost Of Hiring A Remote Developer
When calculating the cost of hiring developers, several factors will emerge. You can better evaluate your priorities by focusing on the following factors.
Application Size-
The size of the application is one of the key business requirements that influence the cost of hiring remote developers. According to size, there are three types of applications:
- Small Apps: A calendar, book, or clock app on your smartphone, etc., are examples of small apps. They have limited functionality and basic user interface components. You will require a single developer to develop such fundamental applications. As a result, the cost of hiring is less.
- Medium-Sized Apps: These complex applications usually have a customized user interface and payment features. For example, any wearable, progressive web, or IoT-based apps. Consequently, the cost of hiring will rise.
- Large Apps: Large-scale or enterprise-level applications have numerous features and functionalities. It necessitates complex backend development and a large database. To create these apps, you will need a team of skilled and experienced developers. As a result, the cost may be the highest of the three categories of apps discussed here.
Therefore, if you have a brief idea about the size of your application, you can estimate the approximate working hours, which in turn may assist you in fairly determining the overall development cost.
Features Complexity-
The features of the mobile application you want to create can be varied. Now, as feature complexity grows, the cost of hiring remote developers may rise. However, this is not always the case, and you can have less experienced developers develop basic features at a lower cost. As a result, the cost of development can vary depending on the complexity of the features.
Suppose you want to develop a fundamental level mobile application that consists of No APIs, No Complex Backend, Simple UI, Login functionality, etc. In that case, you can hire a less experienced developer, and the job would get done at a minimal cost.
In comparison, if you’re creating a database/API-based application with features like customized UI, payment integration, a robust backend server, API integration, and so on, you’ll need a mid-level developer with some experience, which means the cost will rise slightly because the hours required to develop such features will be longer.
eCommerce-based applications are another common application that requires you to develop highly complex features with large-scale customization. You’ll need to integrate SaaS platforms as well as shopping cart integrations. You will need a senior-level developer with a small team to develop these applications.
Skills Required-
There are different skills needed for different levels of app development projects. In addition to skill, the developer’s experience is essential. Some developers may have less industry experience, but they may have worked on various projects from different industries.
On the other hand, some developers may have more industry experience but have never had the opportunity to work on a variety of software development projects. The cost to hire a developer will vary according to your project’s level of skill and experience.
If you require core knowledge of high-level language libraries of a framework, you can opt for junior-level engineers with a lesser hourly rate. If your development involves native applications and automating workflow-related services, you will require senior-level full-stack developers with the right skill, profound technical knowledge, and experience. The cost will increase accordingly.
Is Remote hiring only about cost reduction?
Mostly will go the yes, because the savings in overhead costs are significant enough to make remote work a great option for the companies who want to cut down their expenses. Still if you are not convinced? Let’s take an example of a very famous software company “GitLab”. This $2.75 billion company never intended to be fully remote, its lack of a central location has become well-known. Some of GitLab’s financial success is likely due to the company’s decision to abandon the office model and all of its expenditures. We can’t guarantee that your firm will grow to be worth $3 billion, but you can reduce office expenditures to boost its value. There are some important aspects as well apart from cost reduction. Let’s understand it.
Increases operational output
According to numerous studies, remote workers complete more work than in-office teams. Businesses can expect their staff to work longer hours per day by simply removing long commutes and the distractions that come with open-office design. People who work in remote teams are also happier because they have more freedom and flexibility.
Reduce the overhead costs
Companies that operate entirely remotely do not require the overhead costs of a centralised office. When everyone on the team works remotely, there’s no need for rent, utilities, parking fees, security systems, or small maintenance projects.
Reduce employees absence
Employee time away from work can stall growth in many aspects of your firm. You should not abolish paid time off, but you should create an environment where employees do not feel compelled to take it.
Advantages of Hiring remote developers
Flexible Work Schedules
Remote developers adhere to a strict work schedule to achieve the highest level of productivity and quality. This frees you up to concentrate on core business issues. As a result, this is a win-win situation for remote developers.
Greater Engagement
According to research and surveys, remote developers are significantly more engaged than those who work in offices.
Improved productivity
In comparison to those who worked in a regular office setting, individuals who worked in a remote development environment were happier and more productive.
Market expansion
You can indirectly broaden the market reach by working remotely with developers in different parts of the world.
Increased Developmental Capabilities
Remote teams have significantly greater development capabilities than in-house professionals. Managing remote development teams is easier than in-house teams.
Cost – saving:
Businesses can save a large amount of money by hiring remote workers. They obtain significant benefits at a low cost and in an effective manner.
Virtual Expansion:
Companies do not need to spend a lot of money on infrastructure development. With this cost-effective option, they can instead increase their team virtually and spend their budget on other important things.
Training is not required:
There is no requirement for any kind of training. Projects are assigned to individuals who are already specialists in their fields.
Accessibility:
Companies do not have to rely solely on local resources. They can broaden their access to thousands of possibilities to meet their requirements by using the power of remote offshore hiring.
Conclusion
On the journey of creating tech products it’s challenging to find a great team of developers who creates magical digital solutions for you. However, this can be easily done if you plan and research in advance. Hiring a remote developer is always useful and cost-effective, as they help your company to increase its efficiency, production, and lower the cost of office space.
In this article we explained some essential points of hiring a remote developer. So if you don’t want to go through the hassle of hiring a developer for your startup, just drop us your email, we will be glad to assist.
