Reinforce your tech army! Supplementing existing resources with additional resources.
- 7 August 2023
- Blog
- 0 Comments
In a rapidly expanding tech market where users heavily rely on devices and apps, cultivating a reliable tech team is no longer an option; it has become imperative.
You have a few options; recruiting an in-house team, project outsourcing, and staff augmentation.
Recruiting in-house specialists is time-consuming, cumbersome, and expensive. Why is that,
You have a few options; recruiting an in-house team, project outsourcing, and staff augmentation.
Recruiting in-house specialists is time-consuming, cumbersome, and expensive. Why is that,
- Too many applicants, but lack of quality. Wasting time on sorting CVs and conducting interviews.
- Can be costly due to staff and resource requirements, advertising and sourcing costs, onboarding and training expenses, administrative overhead, potential productivity loss, and so on.
- Take months to find not only the right skill but also the right attitude. Because in-house recruiters may not be exposed to the latest advancements in software development and may not have a comprehensive understanding of the industry.
- Difficulty in retaining top IT talent due to the competitive market.
- Inability to access a large pool of talent. Mostly, in-house recruiters rely on traditional hiring methods.
- Prioritize the interests of the company over the interests of the candidate. This may lead to a less transparent and less objective hiring process.
Lack of control is one of the significant disadvantages of outsourcing through a project-based model. It can be more challenging to integrate outsourced projects with internal systems because it requires the business to align with the outsourced IT team.
Here is a solution at hand, known as IT Resource Augmentation.
It is an outsourcing strategy to effortlessly find a team to fill your organization’s capability gap. That involves leveraging the expertise of skilled IT experts collaborating closely with your internal staff. The augmented and in-house teams collaborate on shared projects and tasks, reporting to the same project manager. This approach leads to accelerated project delivery, enhanced productivity, and cost savings.
Here is a solution at hand, known as IT Resource Augmentation.
It is an outsourcing strategy to effortlessly find a team to fill your organization’s capability gap. That involves leveraging the expertise of skilled IT experts collaborating closely with your internal staff. The augmented and in-house teams collaborate on shared projects and tasks, reporting to the same project manager. This approach leads to accelerated project delivery, enhanced productivity, and cost savings.
The Soaring Popularity of IT Resource Augmentation.
NEW YORK, June 1, 2022 /PRNewswire/ — According to the SpendEdge Sourcing and Procurement Reports, Staff Augmentation Services Procurement Market is expected to have an incremental spend of USD 81.87 billion, with an accelerating at a CAGR of 3.53%. There has been an increase in enterprise data volumes, automation of business processes, and digitization.
The software market has undergone a transformation in the post-pandemic era, with a notable surge in eCommerce and significant growth in artificial intelligence (AI), machine learning (ML), and the Internet of Things (IoT). As a result, there is an increase in the number of connected devices. The Asia-pacific region will probably register the highest CAGR of 9.4% between 2023-2028.
Given these growth trends, IT staff augmentation is bound to see an upward growth trend and form an essential part of the future workforce.
Given these growth trends, IT staff augmentation is bound to see an upward growth trend and form an essential part of the future workforce.
When Do You Need Resource Augmentation?
- A team is already working on the project, but you want to extend the team with experts.
- The organization is working on a tech project and requires new engineers from other locations. Because you are not able to find the right talent in the local market due to higher costs, building a remote team culture or any other reason.
- Where the hiring process for a permanent role is lengthy, finding the right people for the job can get even more challenging due to skilled staff shortage.
Most interesting facts about IT Staff Augmentation.
Software development services demand immense research, practice, experience and so on to achieve challenging project goals. There could be a general shortage of skills in the place and a need for highly trained and specialized skill sets. IT staff augmentation facilitates faster scaling. Finding developers, architects, business analysts, and other specialists becomes more convenient. As a broad concept, you cherry-pick skilled personnel from a 3rd party to complete a project your in-house team is currently working on.
With remote work becoming the new normal, the IT staff augmentation trend is on the rise, allowing organizations to augment staff from anywhere in the world. Most importantly, staff augmentation allows you to have full control over the team.
These days companies are seeing industry specialists hiring resource augmentation services to meet their aggressive project needs and deadlines. This offers organizations a choice between specialists with different skills, levels of experience, and backgrounds. This flexible hiring prevents unnecessary costs related to permanent hiring and the time needed to hire an employee full-time. The organizations are also rewarded with the flexibility to grow or cut down the augmented team as and when required.
This setup allows organizations to meet delivery timelines, increase sprint velocity, and maintain a sustainable project pace. The good thing is that the augmented team will be dedicated to the project the whole time without interruptions or delays, thus helping increase productivity. You can hire them for other long-term projects if you are satisfied with their performance. On the other hand, if an augmented developer does not perform optimally and brings no value addition, you can easily replace him without much hassle.
Moreover, you will be free from more legal and administrative payments. With IT staff augmentation, you pay exclusively for the services you require for the duration you need them. The expenses associated with an in-house team encompass various elements such as salaries, statutory payments, bonuses, performance incentives, insurance coverage, infrastructure, and additional benefits. In contrast, when working with an augmented team, you only need to cover the agreed-upon basic salary. The responsibility for these aspects lies with the augmented service partner.
These days companies are seeing industry specialists hiring resource augmentation services to meet their aggressive project needs and deadlines. This offers organizations a choice between specialists with different skills, levels of experience, and backgrounds. This flexible hiring prevents unnecessary costs related to permanent hiring and the time needed to hire an employee full-time. The organizations are also rewarded with the flexibility to grow or cut down the augmented team as and when required.
This setup allows organizations to meet delivery timelines, increase sprint velocity, and maintain a sustainable project pace. The good thing is that the augmented team will be dedicated to the project the whole time without interruptions or delays, thus helping increase productivity. You can hire them for other long-term projects if you are satisfied with their performance. On the other hand, if an augmented developer does not perform optimally and brings no value addition, you can easily replace him without much hassle.
Moreover, you will be free from more legal and administrative payments. With IT staff augmentation, you pay exclusively for the services you require for the duration you need them. The expenses associated with an in-house team encompass various elements such as salaries, statutory payments, bonuses, performance incentives, insurance coverage, infrastructure, and additional benefits. In contrast, when working with an augmented team, you only need to cover the agreed-upon basic salary. The responsibility for these aspects lies with the augmented service partner.
Conclusion
IT staff augmentation can be the ultimate option for any scale company and guarantees plenty of better results, cost efficiency, flexibility, and so on.
By partnering with an external team with the necessary expertise, skills, and resources, companies can improve their chances of successfully delivering their projects with top software developers and building a strong and effective software development team. X-venture can be your best business partner with over a decade of experience and a vast pool of IT experts.
To find out how we can help, contact us directly to tell us about your needs. We quickly deploy expert talent resources as you need to complement your existing internal team and overcome your recruitment hurdles to realize your ambitions.
To find out how we can help, contact us directly to tell us about your needs. We quickly deploy expert talent resources as you need to complement your existing internal team and overcome your recruitment hurdles to realize your ambitions.
Related Posts
