prags-mugunthan

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Publish date:

April 7, 2022

Updated on:

November 15, 2024

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prags-mugunthan

The growing trend of outsourcing to Europe reflects a shift in business strategies aimed at balancing cost efficiency with quality. Companies increasingly recognize the advantages of engaging with regions that offer a skilled workforce and cultural compatibility. Among these emerging hubs, Bosnia and Herzegovina stands out for its educated professionals and favorable economic conditions. This article examines the key factors that make Bosnia an attractive destination for outsourcing, focusing on its workforce quality, cultural alignment, and strategic location.

TABLE OF CONTENTS

Outsourcing to Europe has never been more popular or profitable. According to Deloitte’s Global Outsourcing Survey, 65% of companies choose to outsource in Europe. South-Eastern European countries, in particular, are gaining traction for businesses looking to reduce costs while maintaining high-quality output. One standout destination for business process outsourcing is Bosnia and Herzegovina.

With a highly educated workforce, especially in engineering and technology, Bosnia and Herzegovina offers a strong talent pool where English is widely spoken. This allows businesses to focus on more complex, high-impact tasks like innovation. The region’s close cultural alignment and proximity to Western Europe further enhance its appeal as a nearshore outsourcing hub.

1. Quality Of Workforce and high level of education

Bosnia and Herzegovina is a country with a significant number of bilingual or trilingual highly educated professionals that have a strong understanding of western culture, both on a personal and professional level.

Although being a relatively small country Bosnia and Herzegovina’s educational system is highly esteemed and recognised internationally, while students undertake a broad range of studies, including the English language which is mandatory through the schooling system.

The availability of educated and competitive professionals, excellent IT infrastructure, a great geostrategic location, and inexpensive labor rates are just some of the strong points that make Bosnia and Herzegovina an attractive labor market.

2. Small Culture Gap

English is a standard in Bosnian schools, so our programmers usually use it very well. Also, a lot of software houses provide English courses to their teams. You shouldn’t be afraid of communication problems. To be honest, we probably watch more American and English TV series than local ones, so we have the western culture at the fingertips

3. Experienced Programmers

BiH has one of the best programmers in Europe. Regardless of the fact that it is a small country, the percentage of developers is very high and here you can find a large number of all types and levels of knowledge of IT professionals. When looking for the right destination, you should focus on finding the best software developers, and Bosnia can provide them.

Developers in Bosnia have a lot of experience working with German companies in working on large projects because of the trust that German companies have towards partners from this country.

4. Cost savings and high-quality code

Bosnia has one of the lowest labor costs among the European countries. You can find and hire highly experienced Bosnian developers at a lower price than almost all European countries. The average salary in Bosnia and Herzegovina is lower than in Poland, Croatia, Bulgaria, the Czech Republic, etc.

5. Location

Bosnia’s strategic position is advantageous. It allows both clients and developers to find solutions in a quite short time. Outsourcing to Bosnia from Germany, Sweden, the UK, and Denmark means practically no time zone differences because it’s just one hour or the same time zone.

What’s more, Sarajevo, where Ankora is located, has a convenient location and can be easily reached by plane from the EU (1-2 hour flight) and USA (around 8 hours from the East Coast).

Choose Ankora as your partner

If you are still struggling with the challenges of choosing a remote development vendor, we at Ankora will do our best to turn up with the most reasonable IT outsourcing or outstaffing solution for your business requirements.

Ankora has 5 years of experience in remote work and management of remote teams based in Bosnia and Herzegovina for clients in Germany, Sweden, Denmark, France, the USA, and the Middle East under an outsourcing and outstaffing model.

We know exactly how to ensure your business can continue to function optimally.

Explore how we work and deliver Agile software development teams, or drop us a line, and we’ll be more than glad to discuss your project.

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Dino Imamović

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Dino Imamović is a seasoned marketing executive with over 15 years of experience, formerly serving as the Chief Marketing Officer at several leading firms. Recently, he transitioned into the role of Creative Director at Bloomteq, where he leverages his deep expertise in marketing strategy and brand development to drive innovative creative projects. Dino's unique blend of strategic vision and creative prowess helps Bloomteq enhance its brand identity and engage with audiences in meaningful ways. His leadership is instrumental in shaping the company's creative direction and maintaining its competitive edge in the technology sector.

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