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This article will tackle different methods of expanding technical engineering teams to minimize costs and maximize effective working methodologies. These include off shore expansion, on shore expansion, near shore expansion and the newly discovered own shore expansion models and comparison between these methods from cost and other interesting factors. We will also dive into other important factors other than cost, such as product management styles, project management aspects, recommended organizational structures and other tips and tricks of remote working.
Hiring the best software engineers for your team gets tougher and more expensive as you go from east to west of the world. Adding a senior full stack developer in Silicon Valley can cost 200000 USD to 250000 USD per year, whereas in Western Europe, ie London it can be 65000 GBP to 100000 GBP, depending on the tech stack, offered package, amenities, urgency of the hire etc. Offering remote working positions is an option that especially silicon valley companies and blockchain fin-tech firms started taking advantage of lately, however despite cost saving benefits, without correct setup and management practices, it can get out of hand pretty fast and turn into nightmare.
You will want to pay the highest salary to get the best engineers on market, however there is other ways to expand the…
