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Staffing Assistance
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Turnkey Engineering Solutions
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Project Resourcing & Management
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Efficiency
Project Overview: In the pursuit of revenue-generating initiatives in 2023, a multinational data analytics and consumer credit reporting company recognized the importance of budget optimization. At the forefront of their strategic move was HNM Systems, one of their trusted IT Temp Labor catalog suppliers. HNM’s turnkey engineering solution played a pivotal role in enhancing the efficiency of the company’s Software Development team by addressing key challenges.
Challenges: HNM Systems had positioned itself as a leader in nearshore IT project resourcing, particularly in response to industry-wide challenges faced by their client. These challenges included costly high contractor attrition rates, productivity issues stemming from time zone misalignment with offshore teams in India, and a continued emphasis on budgetary savings compared to US-based IT Temp Labor rates.
Proposed Solution: To address these challenges, HNM Systems proposed a comprehensive turnkey engineering solution: the implementation of nearshore contractor delivery services in Costa Rica. This strategic move aimed to provide more reliable engagement and align with US time zones, all while offering cost savings compared to the rates of IT Temp Labor in the United States.
Results: The result was a resounding success. HNM Systems established a robust technical recruiting program in Costa Rica, swiftly identifying, recruiting, and submitting qualified candidates within days for most positions. Among the notable outcomes were zero attrition – a 100% completion rate for contractors who fulfilled their original contract durations. The alignment of time zones with the US teams (CST) reached an impressive 100%, mitigating previous productivity impacts.
Most significantly, HNM Systems delivered substantial savings, achieving a remarkable 30% reduction in rates compared to US Developer rates. This not only addressed the client’s budget optimization goals but also marked a significant stride in establishing Costa Rica as a reliable nearshore hub for IT project resources.
In essence, HNM Systems’ turnkey engineering solution and strategic focus on nearshore IT resourcing not only alleviated industry-wide challenges but also positioned the client for sustained success in their digital transformation projects. The seamless execution of the Costa Rica technical recruiting program demonstrated the effectiveness of a well-planned and executed nearshore strategy in achieving budget optimization and resource efficiency.