To maintain smooth operational flow and stay competitive, global IT companies are in constant need of skilled and experienced professionals. However, hiring a full-time resource comes with multiple formalities, challenges and added cost to the company. Businesses today are exploring and opting for more hassle-free and cost-effective models such as staff augmentation. It allows them to access the global talent pool and find suitable resources at a reduced cost.
Let’s find out more about this.
What is Staff Augmentation?
Staff augmentation refers to employing skilled resources from outside organisations on a temporary or contractual basis while still managing control of the project and operations. This model of outsourcing offers increased operational efficiency and scalability at cost-effective rates.
What does Staff Augmentation Mean?
Talent outsourcing involves bringing in skilled experts from an external organization to work on specific company projects without building a full-time internal team. Businesses get to handpick and hire top global resources on a temporary basis at a preferred rate.
The hiring company contacts a firm offering staffing solutions, communicates its requirements and then hires a dedicated team, usually remotely. The hiring company gets to pick the resources and the hourly rates. They also get the benefit of staying in complete control of the project.
What is Staff Augmentation in Consulting?
To fill out the shortfall in resources, a company can avail of staff augmentation services to complete its ongoing development projects. The company reaches out to an IT consulting firm and chooses a team of remote dedicated resources at an agreed price to work on particular projects.
What is Nearshore Staff Augmentation?
Nearshore staff augmentation is hiring a team of dedicated resources for specific projects from companies that are located in the same geographic region as the hiring company. For instance, a US-based business would be taking staff augmentation from companies located in Latin American nations.
What is the Difference between Staff Augmentation and Managed Services?
Managed services refer to outsourcing IT tasks to another organisation to offload or lighten the workload of the in-house team or help teams with additional IT demand. IT talent outsourcing involves bringing in qualified global professionals on a contract basis for specific projects at a set rate, while retaining full control over project management and operations.
Can a Company Leverage IT Talent Extension Services?
Yes, a company can leverage workforce extension services to externally bring in carefully selected professionals for a set duration at a defined rate (typically hourly) to contribute to various projects. This model allows businesses to avoid the cost of in-house teams, infrastructure and logistics while improving productivity and operational efficiency.
How to Introduce a Staff Augmentation Company to a Client?
IT talent outsourcing is a workforce solution that addresses the gap between the demand and availability of skilled professionals in the global tech industry. Businesses can temporarily hire dedicated resources to increase the output and efficiency of the existing team at a cost-effective rate that is significantly lower than setting up an in-house team.
Can Staff Augmentation Employees Receive Severance Pay?
Companies hiring resources under staff augmentation pay at a fixed rate for a specific period to the staff augmentation firm. The hiring company is not responsible for paying severance pay or any benefits directly to the resources. If the company providing workforce extension services includes severance pay in its policy, then the extended team members will be entitled to receive it.
Wrapping up
Businesses can gain significant advantages from the workforce expansion service model. You can get complete control of the project, avail streamlined operations, cherry-pick resources as per your requirements, pay only for the period of engagement and avoid any employee obligations and liabilities otherwise applicable for in-house teams.
Dependable IT staff augmentation from reputed firms can help businesses catapult their operations, productivity and growth at a low budget.
