Profiles straight out of university are a bit more accessible due to the popularity of the IT sphere. However, when it comes to mid-seniority profiles, including project and tech leaders, developers and architects, it makes the recruitment process more lengthy and stressful.
The reasons for the current trends in market development are complex. The number one reason is that companies cannot cover the growing demand due to the time required to acquire proficiency. There is also the reality that highly qualified profiles migrate searching for opportunities in other countries or hired directly by the client in remote work mode, with the advantage that they can remain in their home country with much higher salary expectations.
Moreover, as the IT market is booming, there is a greater possibility that an employee can easily change projects/companies, and staff turnover rates increase. The process to fill the necessary vacancies becomes longer if a company concentrates mainly on local candidates, because due to these shortages, the most sought-after profiles are not likely to change their place of work. In such conditions, companies do not have much time to wait for a local candidate. Once a company finds itself in such a situation, this is where Nearshoring can be the ideal solution.
The current situation in the EU labor market and the increasing amount of hard-to-fill vacancies are pressing. Meantime, countries like Portugal, are a perfect place to offer Nearshoring development services. Solid competences, reliability and over the top communication qualities make it increasingly important for companies to hire software developers in Portugal. In addition to highly qualified services, Nearshore in Portugal facilitates short term travel and meeting arrangements. This contributes to its reputation in the market and makes our country a perfect location for Nearshore software development in Europe.
When it comes to setting up a Nearshore team, Portugal has developed a favorable and qualified environment: we have top ranked Universities in Europe, we are the 7th most proficient country in the world in English and we have some of the best Internet connectivity in the EU.
Regarding average salaries, hiring a nearshore team requires less investment in the workforce than the EU average. Also, for the profiles working in the nearshore model it is beneficial, as they receive an opportunity to gain international experience while receiving market competitive salaries and staying in their country.
