software engineering team-itj

Are you struggling to find software engineers?

The struggle to find well-trained software engineers has become an issue for enterprises globally, but is now more concentrated in the US. When firms hold open software engineering roles for months, the problem might appear obvious: There just aren’t enough developers. According to ManpowerGroup’s US skills shortage statistics, 69% of US companies would struggle to fill positions in 2020. Tech jobs are among the top ten most difficult to fill. According to the Bureau of Labor Statistics, the scarcity of engineers in the United States will reach 1.2 million by 2026, while 545K software developers will have left the market by then.

The majority of businesses are already attempting to solve the skills shortage. In the last five years, hiring developers as contractors and freelancers has been the most common method to address skills shortages. The truth is that no one solution fits all, but we present one here:

Nearshore and create technology centers of excellence in Mexico. The worldwide Covid-19 epidemic showed us that most businesses can successfully run a remote workforce, implying that the geographic and educational constraints that most companies previously faced are now essentially non-existent. It’s time to investigate fresh possibilities and think outside the box. Take a nearshoring solution, for instance, where working with a partner can bring you benefits such as: A contract, having a single cost, and does not need the adaption of additional offices, new equipment, or extensive training. Nearshore software professionals don’t need to learn new technologies and already have a lot of expertise and outcomes in their portfolios to help the new customer right away.

Mexico is a strategic location that allows firms to operate inside the thriving border economy while also improving relationships between Mexican and American industries. Mexico offers excellent quality for moving global and binational corporate investments, thanks to its unique cross-border integration and IT/Software development and its transnational culture and high-end binational talent pool.

About ITJ

ITJ serves fast-growing and high-value market sectors. With a unique BOT (build, operate, and transfer) model that sources only the best digital talent available, ITJ enables companies in the US to create technology centers of excellence in Mexico. We create long-term relationships with partners and build highly-trained and reliable teams. For more information, visit www.itj.com.

Remote working, more cooperation, digital transformation, and other factors put new and rising strains on the workforce. Most organizations will need to adapt their staff to fulfill these needs to stay competitive. To nearshore is an achievable goal a company can set to find trained and qualified software engineers.

What can companies do about “The Great Resignation”?

The not-so-new phenomenon took over the US economy up until this year. But, according to official data released last month, the pandemic-era phenomenon was still a feature of the job market in early 2022. According to CNN Business, US businesses had 11.3 million job openings to fulfill this year, slightly more than economists had predicted; regardless, the great void is far from being filled out.

Meanwhile, the number of people quitting their employment increased to 4.4 million in February, up marginally from the previous month but still well behind the November peak of 4.5 million. Despite providing more significant compensation, businesses struggle to attract employees due to the labor crisis. According to this study, the US software job market currently faces a 472K tech talent shortage, with 9 out of 10 business owners struggling to find and hire IT professionals. 

Many businesses are asking the underlying issue: What can they do to smooth out the enormous resignation effects?

One solution is to go to a nearshore software development solution, which may be accomplished via the BOT model. The Build-Operate-Transfer model allows service providers to quickly set up a new center by applying its client organization’s internal culture and processes. The aim is for the service center to be completely operational from its foundation. When set up in countries with a lower cost of living, it can also significantly reduce operating costs. Under these circumstances, a nearness between borders can become a great advantage.

Nowadays, these processes have become more rapid, easy, and achievable for all-size enterprises, and when looking for a great nearshoring partner, Mexico turns out to be the best option. According to Forbes, hiring Mexican talent is now far less expensive than in the US; Mexico’s talent pool turns out to be the most attractive. In Mexico, about 160,000 engineers graduate each year. As a result, Mexico has become a powerhouse of software engineering expertise in Latin America, with a talent pool of over 700,000 engineers. Plus, regarding IP Protections, because of the recent approval of the USMCA and a lengthy history of acquiring IPR protections through international accords, US corporations have substantially greater intellectual property rights protections in Mexico, according to NAPS

If you want to know more about the BOT model and how it works, you can visit the BOT Model: How global companies expand in this pandemic

To succeed in your field, you must be aware of changes and follow the latest trends. Keep an eye on what’s going on around you and adjust. Sometimes, the best option is to partner with someone else to continue growing your enterprise. You can be surprised by adapting to new fields or choices you have never considered before. 

About ITJ

ITJ is devoted to serving fast-growing and high-value market sectors, particularly the Internet of Medical Things (IoMT), working with innovative medical device companies looking to improve people’s lives. With a unique BOT (build, operate, and transfer) model that sources only the best digital talent available, ITJ enables companies in the US to create technology centers of excellence in Mexico. For more information, visit www.itj.com.

Nearshore

Diversify your nearshore partners

Why do many successful companies choose to diversify their nearshore partners? 

Because it is hard to have in-house knowledge in every technological talent on the market, from micro-services to computer vision, more than one nearshore supplier can bridge the gap between your in-house and already outsourced skills. 

The ultimate purpose of a nearshore software development project is to provide favorable commercial results. In the initial few talks, a strong potential partner should be able to grasp your vision, exchange ideas, and offer counsel and recommendations on how to execute key IT initiatives effectively. Nearshore suppliers can enhance your organization’s core strengths with a wide range of specialized technological skills, significantly when diversified. 

Here you can find other interesting content about How to Choose your Nearshore Software Provider?

Now, according to a SkillValue report, including over 550 technical assessments and +46 countries tested, Mexico comes in 2nd place in the ranking for countries with the best developers in the world. Many companies outsource their software development projects as a competitive strategy to grow and scale the business. Internal resources are frequently consumed by supporting current product lines, developing the firm, and putting out fires. When internal teams are stretched too thin, CxOs often look to nearshore partners to scale up to accomplish key initiatives. 

The key to diversifying your nearshore partners is that this practice includes nearby countries, such as Mexico and Canada. Countries that do not share borders are also in your future nearshore partner list. The costs are generally very attractive, with the added benefit of being in the same time zone for easier collaboration. Having your development staff in the same time zone makes communication easier. Whether you require immediate assistance or have a high-priority issue, your team will be available when you are, allowing you to interact and cooperate as needed, just like you do with your internal teams.

Where to find nearshore partners?

The Cali-Baja MegaRegion, rich with opportunities, would be an excellent spot to start looking. Tijuana, which is approximately 35 minutes south of downtown San Diego, is a strategic position that allows businesses to operate inside the flourishing border economy and improve interactions between Mexican and American companies. Cali-Baja has one of the largest population concentrations along the US-Mexico border. Thanks to its unique cross-border integration and IT/Software development, the region has exceptional quality for relocating global and binational business investments and its transnational culture and high-end binational talent pool.

Software that is developed nearshore it’s not just about saving money by outsourcing labor; it’s also about finding the finest people for the job and maintaining those assets who know the regional market and can transfer that expertise on to the team, making it simpler to succeed when developing and implementing plans. That is why the Cali-Baja area may be just what your firm requires to continue to grow while adapting to the new normal we are seeing.

About ITJ

ITJ is devoted to serving fast-growing and high-value market sectors, particularly the Internet of Medical Things (IoMT), working with innovative medical device companies looking to improve people’s lives. With a unique BOT (build, operate, and transfer) model that sources only the best digital talent available, ITJ enables companies in the US to create technology centers of excellence in Mexico. For more information, visit www.itj.com.