Brigitta Bihari In recent years, a market shift was observed as Egypt has become a renowned technology innovation & IT hub in the region. While managing several export projects in Europe through robusta’s office in Germany, requests for Egyptian tech talent outsourcing started coming in from different customers.
Picture: Yasmina H via Unsplash.com
European companies started looking to scale their tech teams and are seeking to grow across different locations, allowing them to move faster and be less dependent on one talent market. Companies that have the need to hire 100+ tech talent are looking for a trusted local partner that can help them build and scale their remote hubs fast.
Engagement models range between short term 3-6 project-based agreements to long-term engagements where a development hub with 50+ engineers, designers and product managers is ramped up in a period of 6 months.
Customers requested everything from project-based talents mastering all kinds of tech stack as well as robusta’s help sourcing, interviewing and vetting these talents, and managing the financial & admin of hiring these talents. These services are being sought after in industries such as telecom, retail & e-commerce, automotive, healthcare & education. The surge in demand for such services from the Egyptian market is due to several factors. That’s how Hive by robusta started; a company specializing in building remote global teams, fast and hassle-free.
Benefits of Tech Nearshoring
There are many benefits to talent outsourcing other than the obvious time-saving aspect of hiring & training in-house employees. One of the most significant advantages of outsourcing tech is the access to new talent and the ability to grow in a more agile way.
Outsourcing provides flexibility on both ends. Companies want to manage their risk while growing into new markets by hedging their bets. They want to build hubs in different locations and double down on those that perform best.
Another obvious advantage is investment efficiency. With differences in market compensation rates, companies can save up to 50% of their labor costs versus hiring in-house without sacrificing talent quality in most cases. Working with the right nearshoring partner also guarantees that through a meticulous selection and vetting process.
Moreover, a great advantage is lifting the logistics burden off of employers. Issues like legal procedures of hiring globally, providing equipment & office spaces remotely & general team engagements are all taken care of.
Why Egypt?
Currently, the Egyptian talent pool in the ICT sector is the cornerstone of Egypt’s unique position among the global nearshoring destinations. Out of the annual pool of 500,000 university graduates, nearly 50,000 have technology-related degrees. Coupling that with market compensation rate differences makes Egypt a landmine for software engineers and tech experts across the entire tech stack. Let’s not forget the significant growth in the ICT industry in Egypt overall in the past decade, which is forecasted to continue growing exponentially in the upcoming years.
Egypt’s unique location with respect to Europe makes the time differences issues non-existent versus countries like India or countries in South America. Language barriers are also very minimal, which only strengthens Egypt’s positioning.
There’s also an excellent investment in the local infrastructure, providing better utilities & internet connectivity to support technological advancements across all industries. And all that is backed by the governmental vision of a digitally native country by 2030.
What is Hive by robusta?
Hive by robusta specializes in building remote global teams fast and hassle-free. We understand business needs and find the right-fit candidates with zero hiring & legal headaches. Building on robusta’s years of expertise in building teams & companies is a great idea to bring a fully customizable experience with a transparent pricing model whether companies are looking to hire one employee or an entire team. Hive works with businesses with fast-growing development needs & teams and companies looking to expand globally with multicultural Plug’n’Play talents who sync seamlessly within their group.
Having been in the market for over a decade, we’ve become very experienced with the local tech talent. We know where to source exceptional talent, and we understand exactly what the firms need and what would get them excited to work for different employers locally & globally.
Our methods revolve around building and hiring for long-term engagement. In addition, we provide strategies for growing, maintaining, engaging, and retaining a remote team, global expansion, & management transfer facilitation when needed.
Looking forward
Our vision stretches beyond outsourcing as we aim to provide a 360-degree experience that addresses the customers’ needs wherever they are and takes care of every hurdle they face along the way. Our journey doesn’t end with hiring a single engineer or a whole team. We continuously work hand in hand with our customers to consult them on market insights & the suitable candidates to look for and provide guidance on performance management & improving retention rates. All of our intentions are to help businesses grow across the globe & provide unique job opportunities for talents all over Egypt.
You can read the full article in the Outsourcing Destination Guide Egypt, which is available for free download at www.outsourcing-destinations.org
About the author: A founding partner of robusta Deutschland, Mahmoud Badr has over 10 years of experience in international business with a focus on strategic partnerships.
Mahmoud studied Mechanical Engineering and Management at Technische Universität München. He worked with BMW, Daimler and Henkel before joining robusta, where he is currently responsible for building nearshoring hubs out of Egypt to serve the Western European markets.
Having worked in global functions in multiple locations, including Stuttgart, Düsseldorf, Amsterdam and Greater New York City, Mahmoud is a strong supporter of cross-border collaboration.
