Offshoring or outsourcing IT development is becoming more and more popular as companies are realising the benefits offered by taking this route and the ease with which it can be done in the modern age. In recent years, there has been a seismic shift as growing numbers of start-ups and SMEs outsource their IT needs to Ukraine.
Tech companies of all sizes are choosing Ukraine to outsource various types of IT projects, and for good reason! It’s certainly no surprise given the superior level of education offered in Ukraine and the unmatched low prices software engineers charge there.
Over 80% of Ukrainians attend university and although not officially a part of the EU, their Bachelor’s and Master’s degrees are awarded in accordance with the Bologna Process, which was put in place with the aim of bringing teaching standards across the EU into line.
64% of Ukrainian freelancers have a higher degree in computer science, and 55% have more than three years of experience in their profession. A growing number of Ukraine’s universities are offering a number of courses in computer science, computer programming languages and more abstract computational sciences.
Ukraine is home to the largest number of certified software engineers in Central and Eastern Europe, with an IT workforce that is expected to hit 200,000 specialists by 2020.
This is partly thanks to government initiatives such as tax exemptions for IT businesses and stronger intellectual property rights’ laws and has meant that companies worldwide, including economic superpowers, such as the US, UK, Germany and Canada, are increasingly exploiting this pool of talent and expertise.
There is a lot to know and admire about this popular location for IT outsourcing. Although the cost of salaries for Ukrainian IT engineers has risen considerably in recent years, one could argue not unjustifiably and, moreover, it is still a fraction of the cost of IT engineers in the US or UK. In general, a Ukrainian software engineer will charge less than a third of the price of their counterparts in the UK and more further still that those in the US. Due to the unrivalled benefits, it’s safe to say that companies are happy outsourcing development to Ukraine and your company should jump aboard!