You’re reading this blog, which means you already know that your organization has real opportunity in creating a mobile strategy. Whether it’s to stay competitive by getting to market faster, solidifying customer relationships with interactive incentive programs or streamlining processes in supply chain management, you recognize the potential power of mobile for your company.
The next part is the harder part. You need to sell that vision of mobile magnificence to leadership. Just like you, they’re busy people and they need to see the numbers weighing the pros and cons of mobile strategy.
So now you’ve sold them on the high-level approach and leadership is excited to launch this new mobile initiative. Now the fun part for you — figure out how to make it happen.
Finding the right mobile app developer takes time, resources, blood, sweat, and tears.
We’ve helped define some of the questions to ask with Myriad’s 7 Questions When Hiring a Mobile App Developer ebook. It’s free and available for download here:
7 Questions to Ask When Hiring an Enterprise Mobile Developer
Internal, external, hybrid, options abound, so we decided to do the math and compare the dollars involved with recruiting, hiring, and long-term costs of internal teams versus hiring an outside partner like Myriad. Is it potentially a little skewed? Maybe, but not much. All of the numbers you’ll see here are accurate as much as we can find them and we’ll break them down below.
Recruiting: Ugh, who wants to recruit?
Some estimates have said it’ll take as long as six to eight weeks to find a single qualified engineer. Even longer for a skilled designer. Even longer for a project manager. While that might be true we’ve found that in some cases, if made the highest priority, a quality team could be put together in as little as eight weeks. Eight weeks is a long time when you think of the process, the frustration, the boredom experienced by candidates as you try to fill the rest of the team. In an extremely competitive market, they’ll probably be recruited away from you while trying to fill out the rest of the team. Time to start all over!
Eight weeks have now gone by. Where is your mobile project? Has a single line of code been written? A user story produced? Wireframes whipped up? Not a darn chance.
Couple those factors with the potential loss of any of those key team members. That can be a game changing detriment to your project’s timeline, budget, and resourcing.
Hiring: It’s expensive. Period.
It’s scary. The loss of one team member and your whole project is crippled. And in this region (the mighty Midwest) mobile talent is in high, high demand. Why is that? Because we’re competing with both coasts that can promote more pay, weirder benefits, and warmer climates. The folks that stay here are here for the long run and finding those people can be tough. Partially because being the good Midwesterners we are, we feel a sense of commitment and obligation to our employers because they become our friends.
Beyond the baseline salary and benefits there are a bunch of costs that we’re not even sure how to account for. What do they include? Newspaper advertising, online advertising, background checks, finders fees, referral fees, travel expenses, relocation costs, sign-on bonuses, immigration cost, just to name a few.
Let’s break down the numbers for what your team might cost in the Midwest
Team: Who’s on it?
Creating a comprehensive approach to mobile requires a decent sized team. To get a project done in the four-month timeline you were likely given, you’re going to need a minimum of:
- Two Developers
- One Designer
- One QA Engineer
- One Project Manager
- One Mobile Strategist
Based on what salary ranges are in the table above, the cost to create a mobile team from scratch could be $130,375. That doesn’t include the $390,000 in annual salaries. And that monstrous number also doesn’t include benefits, bonuses, and time off. All added up you’re looking at over $500,000 — that’s a half-million bucks. Ouch. Scarier yet, you’re running lean and mean — one team member leaves and uh oh.
Compare that to Myriad. Our team is lean and mean as well but it consists of over 35 talented, passionate, community driven team members. We typically spend four months on a project strategizing, designing, building a mobile platform, and testing for version 1.0. Unlike going it alone, we can ramp a project team up and down with ease. So let’s say you go with Myriad. What might a typical team look like?
- One Business Analyst – Someone like Amanda who loves solving problems.
- One UI/UX Designer – Alison or Shannon who always keep the user at the forefront.
- One Mobile Architect – Chris is your go-to guy, he creates maps to solve problems in his sleep.
- Two Mobile Developers – We have too many to name! They’re pretty great though.
- One Web Developer – Evan or Jon create holistic solutions to back-end systems.
- 1-4 Person QA Team – We partner with Specialisterne who employs engineers with unique capabilities focused on creating perfection.
- One Project Manager – Someone like Nate, who has great hair, and even better organizational skills.
- Our executive, marketing and support team all offer input on your projects as well!
Risk Factors: They’re real.
Loss of talent
What if your project manager got tired of you and up and left. Or worse yet, got hit by a bus. In addition to taking upwards of 6-8 weeks to potentially refill the position, your project timeline is out the door. As Myriad takes a team approach, multiple people know where your project is and can step in if Nate were to get hit by a bus. But don’t worry, Nate always looks both ways before crossing the street.
Onboarding slows the team
You just finished hunting down the perfect fit for your team. Great! But your whole team is busy in the trenches getting their project work done. So now you need to take the work being done, put it on hold, and onboard and train in the new hire. Not with Myriad. Your project team is already created out of seasoned professionals. We can swap team members in and out as necessary.
Ongoing costs minimize innovation
Organizational budgets ebb and flow with projections, cash flow, and other economic factors. Starting with $390,000 as a baseline cost (not including benefits, bonuses and the like) barriers are instantly up that stifle innovation. Keeping up with the latest in mobile and emerging tech, our team doesn’t charge for the ideas – just the making them into reality. We’re always pursuing innovation and we can bring that mindset to your team.
Wrap it up.
We’ve reiterated it a few times but eight weeks to build a team, recruiting and salary added in, and you’re looking at $520,000 for your organization to build a mobile team from scratch. (And that’s just to get version one out the door.)
At Myriad, our average project is four months with a cost between $70k-150k — that’s less than the cost of just recruiting your team. Our team could be well on its way to completion of your project before your team is even hired. Led by our project teams, our process works (and works well) because of a commitment to transparency and open communication both on our team and with our clients and partners.
Look at your budget and deadlines and then take a serious look at us. We’re a solid team and we can maximize your budget and ultimately make you look really good.
Ready to talk about your next mobile project or simply learn more about Myriad? We’re ready to chat when you are.