article thumbnail

A Complete Guide to Outsource Software Development Successfully for Your Projects

Groove Technology

This cost reduction stems from lower labor costs in certain regions, reduced overhead expenses, and the ability to scale resources as needed. According to a report by Korn Ferry, by 2030, there will be a global talent shortage of more than 85 million people.

Software 130
article thumbnail

Look Out for These Hidden Costs in Outsourcing

NoonDalton

By 2030, it is predicted that there will be an 85 million-person global labor shortage , but the current situation is just as worrying. Without even taking into account the potential influence on productivity and efficiency, the possibility to access labor and infrastructural cost savings of up to 70% is a sufficient compensation.