Calculate the estimated cost of software development for your
The average market rate for software developers in the US is close to $107,000/year in 2021, according to Glassdoor. This amount can be even more when hiring costs, onboarding and overheads are added.
This calculator helps you to figure out how much you should pay for a software development team in 2021.
First of all: salary. If we take the average US salary for software developers ($107,000/year) and assume that the employee works for 11 months a year, we get an effective monthly rate of $9,727 and an hourly rate of $60/h, assuming full-time employment.
In contrast, similarly skilled specialists from Eastern Europe, South America, and Asia frequently have much lower (around $30/h) rates, leading to a yearly salary of $52,800
Don't forget about the hiring process.It should typically involve at least a HR manager (average $45/h) and a senior engineering manager (average $74/h). Each hour your team spends interviewing employees together will therefore cost at least $119. If you screen 15 candidates a month that will probably lead you to an average of 5.25 interviews a month will cost almost $130,000 in total.
These costs don’t include overheads, tax payments, and other benefits such as health insurance, 401k matching, etc. Let’s cautiously estimate it to be an extra 20% of the salary for in-house employees, bringing the total average cost to $128,400.
Hiring remote developers can be significantly cheaper and less stressful for the business. The team will work for you remotely with no hiring, onboarding, mentoring, or other costs needed. You also don’t pay any additional fees — just hire developers for $30-$40h rates instead of $60/h.
The only thing you should do is to fill out the brief. In a few days, you’ll be matched with the most qualified developers who already have similar experience.
Napoleon IT is a software company with 10 years of experience based in Russia. Over the last 10 years, we’ve outsourced over 150 projects in mobile&web development, machine learning, computer vision, and predictive analytics.
Since 2013, we have educated young talents all around the world in our free online schools, tech laboratories, and Master's degree programs.