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TARGET IT: HOW TO ORGANIZE A TEAM FOR BUSINESS IN UKRAINE?

Let's discuss how to organize a dedicated team for business in Ukraine in 2023-2024

15 November 2023

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1. INTRODUCTION

There is an opinion that in every era one of the areas of business in the pace of development and accomplishments surpasses others. And in this period of time, we can confidently say that the era of IT has come, because at the moment it is one of the fastest growing areas, which every year becomes more and more in demand and promising.

Popularity and demand do not come just like that, because many factors serve for this, which we will discuss in detail later in the article. In Ukraine, at the moment, the IT sector is also one of the most promising. This was not only the opening of many courses and specialized universities throughout the country, but also the sincere desire of people to develop in this area and learn all its features.

If you want to learn something new in the field of IT or organize an offshore team for business in Ukraine, then this article will definitely be to your liking. So let's not delay, let's move on to the next section.

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2. WHY IS IT SO ATTRACTIVE?

We will not hide this fact and even put it in the top 1, what exactly attracts future IT specialists is financial stability. Knowledge work remains the highest paid in the labor market and IT is no exception. In addition, every person is looking for stability in everything. After all, stability is confidence in yesterday, today, and tomorrow. We need it in order to be productive in our work and always have a sense of security. Financial stability in IT is the main aspect today and an urgent issue for specialists in the IT field. Every employee needs a financial cushion and the ability to rely on themselves first.

But in addition to financial stability, it is worth noting the second important aspect - opportunities. Everyone expresses it differently, but, in our opinion, IT attracts young professionals precisely with its diversity and limitless possibilities. Think for a second that the work of an IT specialist is not only writing complex codes and programs but also developing games and websites, animation, teamwork, and much more.

The unique property of the IT industry lies in the global transparency of the labor market and the mobility of specialists. This means that a software engineer or any other specialist working in the industry compares his income level not only with offers in the local labor market but also with offers in almost any country in the world since he can emigrate quite easily.

In the modern world, we have all become accustomed to cryptocurrencies, NFTs, and similar products, but without IT, this would not have happened either. Without IT, there would also not be many more excellent services that we use literally every day. And this again shows the versatility of this area, which can create both applications for watching movies and Internet wallets that right now store millions of dollars.

3. HOW DID IT TAKE A LEADING POSITION IN THE ECONOMY IN AN AGRARIAN COUNTRY?

Today, the Ukrainian IT sphere is called the most promising sector for developing the national economy, which is not surprising. If we delve a little into the statistics, according to the Cabinet of Ministers, in 2020, information technology accounted for 4% of GDP, and this is just the beginning, in a few years can give a huge breakthrough and contribute both to the development of the national economy and the entire countries. In addition, according to experts' forecasts, the income of the IT industry in Ukraine may increase from $6 billion to $16.5 billion, and the share of the Ukrainian IT sector will even increase to 10% of GDP.

The state treasury was replenished by UAH 32 billion in taxes. This is comparable to tax deductions from infrastructure and transport, which amounted to 29.4 billion. At the end of 2021, the Ukrainian IT sector grew by 36% compared to a year earlier, reaching $6.8 billion in exports of computer services (against $5 billion in 2020). Well, speaking not in numbers, but in words, the situation can be described in one sentence - each of the working IT specialists, on average, provides employment for 11 people in other industries.

Our country is traditionally considered one of the European leaders in agro and heavy industry. Even 15–20 years ago, the Ukrainian economy was firmly based on the export of steel and grain and seriously risked remaining raw materials for a long time. The situation changed dramatically when technology broke into the game. The rise of the IT industry in recent years brings Ukraine closer to the number of developed countries.

A decent level of income and comfortable working conditions annually attract more and more specialists to the field. People build successful careers in small towns and in the capital, working remotely with foreign clients. This allowed the industry to develop even in a pandemic and economic crisis.

Set up a team of developers from Ukraine

4. TREASURE OF THE UKRAINIAN IT MARKET - DEVELOPER

Many of our most devoted readers remember that we have repeatedly mentioned the value of Ukrainian developers in the labor market, and even published a separate article on this topic, which you can read in more detail at the link: *link*.

But in order not to be wordy, let's go through and highlight the main positive qualities, thanks to which Ukrainian developers are appreciated not only in Ukraine but also abroad. In addition, we decided to make statistics on the main qualities noted by employers who have worked with Ukrainians in the past or to this day, based on their feedback and interviews. So, if you want to do business in Kyiv, for example, with Ukrainian developers, then here are three main reasons for this.

The first thing that employers note is the best mathematical training of programmers and developers, their desire for self-improvement and advanced training. The words of one American employer from an interview also became indicative: “Some Americans can work for weeks on a task that a Ukrainian with the same professional qualifications solves in 30 minutes. The most interesting thing is that specialists from the USA understand this, recognize it and, of course, use it. We just have a different way of thinking."

Year after year, Ukrainian students take top places at international programming competitions; some of them do internships in the largest companies during their student years and, after receiving a diploma, which is required for a visa, go abroad. Others stay and get jobs in Ukrainian companies from the third or fourth year, so our advice to you is to start looking for good developers from the university bench.

Secondly, it is much more convenient to create your own dedicated development team in Ukraine, because a Ukrainian IT specialist much more often chooses to stay at home, because here he can provide himself with a higher relative standard of living than anywhere else abroad.

And thirdly, everyone who has ever worked with Ukrainian developers noted that most of them know their business very well and treat their work with all responsibility. And this is an important factor, especially when it comes to multi-million dollar projects.

5. TAKE CARE OF YOUR TOMORROW BY STARTING INVESTING TODAY!

This section will be especially important not only for technology companies that have been players in the IT market for several years but also for young companies that are just starting to look for the right platform and are considering many European countries as an area for investment.

Today, technologies penetrate into all spheres of life and the economy, and IT has become one of the most promising areas for investment. Young companies and startups that are just starting their way in business are increasingly turning to players who have been holding their positions for many years for help. Experienced players, in turn, know that it was in Ukraine that startups raised rounds worth hundreds of thousands and millions of dollars one after another. And not only from Ukrainian but also from Western and European investors.

And this is not surprising, because Ukraine is one of the leading countries in the IT field. More than 200 thousand IT specialists work here, which makes the country one of the largest IT service providers in the world. Ukrainian specialists have a high level of knowledge and experience with the most modern technologies. What is also worth noting is that Ukraine is also a country with a long history and great experience in helping Western startups and investors.

If you are a startup or a young company that considers IT as an area for investment, then you are on the right track. IT is a really promising area of investment that can bring you great profits and success, and there are many examples of this. Ukraine, in turn, is one of the best countries for finding qualified IT specialists and developers, and Go Interactive, in turn, is ready to help you in this difficult task and provide all the necessary services for the successful development of your business. Our task is not only to recruit personnel, but in general to understand and analyze the Ukrainian market, and solve any difficulties associated with it. With us, you can be confident in the success of your IT business.

6. CONCLUSION

It took Ukraine 15 years to form a strong engineering school and a professional IT community. Today we have more than 20 largest IT service providers in the world. Ukrainian startups Augmented Pixels, Grammarly, and Petcube are known all over the world and have attracted billions of dollars of investments. Corporations from the USA, Great Britain, and Western Europe are willing to cooperate with Ukrainian IT specialists.

In addition to the high professionalism of developers, customers are attracted by the relatively low work cost, which is established due to an affordable tax rate and a flexible model of cooperation with engineers.

Even the current difficult situation due to the terrible war in Ukraine is not a hindrance for the Ukrainian IT sector, because the volume of computer services in Ukraine in 2022 grew by 13% in 9 months, and exports - by 23%. Also, according to the Association "IT Ukraine", the IT sector showed an increase of 13%.

Thus, your choice of Ukraine as a platform for investment will return to you the loyalty of the team, success in business, and an increase in your capital.

We hope this article was for you, our readers, useful, accessible, and interesting, thanks for staying with us!

If you have any questions or have an idea about hiring a team of professional developers in Ukraine, we would be glad to fuel your business idea with our services: contact.us@gointeractive.co