A recent release from Korn Ferry Research found that 54% of all businesses face a talent crunch globally, preventing them expand across geographies. To add to it, the report also hinted that 85 million job positions would remain unfilled by 2030.
Given this research and the ongoing global financial crisis, hiring in-house developers may not be the best option.
So, how do we get our jobs done?
And what is this IT staff augmentation all about?
IT Augmentation refers to the strategic use of human resources in the IT industry for a particular project or task. Often misconceived, IT augmentation is not restricted to software or web developers and includes services of e-commerce developers, UX/UI designers and a variety of others.
But before diving into details, here are certain things you should know about staff augmentation.
The Big Bad Concern
Despite being a decades-old practice, what concerns more to first generation entrepreneurs or someone who has limited experience with remote hiring is the location of their hiree.
Fear of hiring someone who may turn out to be a fraud or deliver suboptimal work has been bugging recruiters, allowing preconceived notions to settle in.
However, not everything is gloomy when it comes to adopting IT Staff Augmentation and here’s its why.
Onshore vs. Offshore Software Development
The fundamental element based on which the IT industry in the APAC region has been flourishing for ages is low cost and availability of a large talent pool.
Software that may cost hundreds of thousands or even millions in the US and Europe can be developed at a fraction in APAC. The same goes well with IT Staff Augmentation. Developers across similar locations command less as compared to their European and US counterparts and hence IT Staff Augmentation has emerged as one of the favourite offshore practices for businesses back in the US.
Apart from being cost-effective, IT Staff Augmentation makes sense because:
- It allows hiring talent globally with more specialized skill sets
- It helps founders scale up real quick without worrying about infrastructure
- Reduces risk associated with hiring in-house developers to a certain extent
This makes it a go-to model for recruiters across major geographies.
Despite the odds, staff augmentation has proven to be a valuable strategy for all businesses, irrespective of location. Post-adoption, businesses claim to have increased productivity, an add-on to efficiency, and eliminated uncertainty. In some instances, the concept may seem to be hard to execute, however, with the assistance of the right vendor, staff augmentation does drive growth and success.