It’s expensive. Prepare to pay for both the apparent and hidden costs of assembling an in-house staff. That doesn’t include the hidden costs of sick leave, vacation, insurance, social security, recruiting, and onboarding each new employee. Even if the crew is idle between projects, you must nevertheless fund their fixed salary.
The rate of turnover might be rather high. Getting the top personnel for your firm is the easiest challenge to solve. IT professionals are in great demand, and you’ll have a difficult time resisting poaching attempts from competitors and recruiters. You may end yourself counter-offering your developer with higher perks, causing the payroll to soar. Otherwise, your team’s skills will be lost.
It is your duty to train the team. With the advent of new technology each day, the IT sector is always changing. And to fully succeed, you’ll need in-house development support from outside. Therefore, investment in training and tools may have a major impact on your company’s bottom line.