Why Should Companies Hire Remote Software Engineers In 2023

The concept of remote work has been gaining popularity in recent years, and it is now more common for companies to hire remote developers to work on their projects. In 2023, hiring remote developers will likely become even more prevalent as companies continue to embrace the benefits of remote work.

In this article, we will discuss some of the key reasons why companies should consider hiring remote developers in 2023, including access to a global talent pool, cost savings, increased productivity and job satisfaction, a more diverse and inclusive workforce, and a competitive advantage in an increasingly global market.

Let's explore further why companies should hire remote software engineers in 2023 and beyond.

Benefits of Hiring Remote Developers

1. Access to a Global Talent Pool

One of the significant benefits of hiring remote developers is the ability to tap into a global talent pool. With the rise of remote work and the proliferation of technology that enables seamless communication and collaboration, it is now possible for companies to hire the best developers from anywhere in the world.

According to a survey conducted by Upwork, 63% of companies that hire remote software developers report that they do so in order to access a larger pool of talent. This means that companies no longer have to be limited by geography when it comes to finding top talent and can instead focus on finding the most qualified and skilled developers for the job.

2. Cost Savings

Another reason why companies should consider hiring remote developers is cost savings. By hiring remote developers, companies can save on overhead costs such as office space, utilities, and other expenses associated with maintaining a physical workspace.

As per a survey conducted by FlexJobs, companies that allow remote work save an average of $11,000 per employee per year. This can be especially beneficial for small businesses or startups that may not have the budget to lease a large office space or provide amenities such as a fully stocked kitchen or game room.

In contrast to outsourcing, where workers are often just looking for a job and not necessarily interested in your business, building a remote team also gives you better control over the workflow.

With remote software development teams, that's not the case. Since your company is the primary source of income, remote workers are more likely to remain loyal to your company.

3. Increased Productivity and Job Satisfaction

In addition, hiring remote developers can lead to increased productivity and job satisfaction. Remote work has been shown to improve employee morale and productivity, allowing employees to have greater control over their work environment and schedule.

A study conducted by Stanford University found that remote software developers were 13% more productive than their in-office counterparts. This can lead to increased job satisfaction, which can, in turn, lead to increased retention rates and lower turnover.

Another study conducted by Gallup found that remote workers were more likely to feel engaged with their work and report higher levels of well-being than non-remote workers.

4. A More Diverse and Inclusive Workforce

Another benefit of hiring remote developers is the liberty of having a more diverse and inclusive workforce. By not being limited to hiring from a specific geographic location, companies can more easily build a team representing a wide range of perspectives and experiences.

Based on a survey by Buffer, companies with diverse teams report higher levels of innovation and better decision-making. This can lead to a more innovative and creative work environment and a more positive company culture.

5. Competitive Advantage

Finally, hiring remote developers can also help companies stay competitive in an increasingly global market. With the rise of remote work and the ability to easily collaborate with team members from anywhere in the world, companies that embrace remote work can gain a competitive advantage by being able to respond to changing market conditions and customer needs more quickly and efficiently.

A survey conducted by Harvard Business Review found that companies with flexible work policies were more likely to have higher levels of customer satisfaction and better financial performance.

6. Improved Work-Life Balance

Remote work can also lead to improved work-life balance for employees. Remote workers have more flexibility to schedule their work around their personal lives without the need to commute to an office. This can lead to increased job satisfaction and a sense of control over one's schedule.

7. Faster Response Time

A workforce that works around the clock can increase your productivity and result in excellent results. Hiring remote developers is your best option if you intend to utilize such a workforce. Since different time zones are available, it is easy to implement rotating hours with remote software engineers. Because of this ongoing availability, you will always be able to resolve any problems or malfunctions.

8. Impact of Multiculturalism

When you hire a team of remote developers from different cultures, you will gain insight into your project and see it from a new perspective. Different cultures have different ways of thinking and coding as well. A genuine and fresh approach can result from the combination of different contemplations. Therefore, it can attract a broader audience than what you initially thought.

9. Marketing with More Flexibility

Remote software engineers also give the company more flexibility. This allows it to adapt and scale in response to market needs, which is invaluable for new companies seeking fast growth.

The cost-effectiveness of remote developers allows startups to maintain the pace of their development without having to hire permanent in-house developers. Ultimately helping startups mold towards the market more effectively.

10. Relaxed and More Creative Minds

When you hire remote developers, you get different perspectives on your project or product. Your remote team has a unique perspective on the end goal. This allows them to develop innovative solutions to any problems or bugs that may arise. As soon as these issues arise, you won't have to return once the project is completed.

11. Make HR Professionals' Jobs Easier

When you decide to build an in-house team of software developers, your HR department needs to perform a variety of additional recruitment tasks, including posting jobs on multiple portals, conducting interviews, conducting background checks, onboarding, and other manual and recurring activities that consume a considerable amount of their time.

When you hire remote developers through a talent cloud, the outsourcing agency has already taken care of this cumbersome and time-consuming process of selecting remote software engineers. You should only be concerned with choosing the right talent cloud as your partner.

Conclusion

Remote schematics offer more benefits than just this. In addition to hiring remote software engineers, building a remote development team, or using staff augmentation as a remote extension to your team, there are endless advantages to hiring remote software engineers.

Although the majority of benefits are associated with the new delivery structure, traditional hiring processes are still an exhaustive method. What’s even more painstaking is to end up hiring the wrong person.

Talent clouds such as Remotebase help companies source and scale the top 1% of software engineers that can match your time zone in as little as 24 hours. From onboarding engineers to regular performance reviews, they provide a flawless and seamless experience every step of the way.