When making any big business decision, the common concern is estimating the budget. If you decide to work with a dedicated team of developers, it is no different. It’s vital to estimate the cost of hiring a development team and the effort required for a certain project, compare different solutions and offers.
Obviously, the goal is to find a team that will deliver a high-quality result for a reasonable price. The perfect solution for Israeli companies is partnering up with IT-specialists from Ukraine – this is a collaboration that will pay off on many levels.
For Israeli businesses, working with dedicated teams in Ukraine has a lot of perks. Geographical proximity eliminates problems like time difference or long traveling times. Cultural and historical similarities help to communicate easier – not only English but also Russian can be used for correspondence. On top of all this, the skillset of Ukrainian IT-professionals has been landing them top positions in numerous global IT-related ratings over the past few years. But let’s discuss another issue that needs attention. The money.
Different places have different standards of living and different prices. Compared to Israel, Ukraine has lower living costs and lower wages. Which means, Israeli companies can hire top-notch Ukrainian professionals and still save money. To get an idea of how big of a difference we are talking about, see Table 1.
If you want more precise information, check tables 2 and 3 that show average salaries of key specialists in Kiev and in Israel. As you can see, there is quite a large gap.
If you decided to hire a development team in Ukraine or even open an R&D center, there are several ways to do so.
If you are still not sure, what option suits your company best, take your time to consider. But the truth is, no matter what choice you make, you win. Either way, you get to work with world class Ukrainian professionals whose work will exceed all your expectations, and all this without overspending your company’s money! Moreover, by working with Ukrainian IT-specialists, you will be able to cut down expenses and invest this money into your company’s further development.