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The staff augmentation model has been played an important role around in the industry for a long time.The reason behind its success is the fact that staff augmentation works. Because it is an effective way of bridging any existing skills gap within the organization at a fraction of associated costs, making it a win-win situation for the company.
Staff augmentation is a form of outsourcing strategy in which the in-house team within the organization is supplemented by hiring qualified resources on a short, middle and long term basis to meet specific business objectives.
Hiring full-time Employees for short-term projects is a resource-intensive activity, one that ends up costing the company significantly more in the long run. Traditional outsourcing processes and managed services have generally a higher risk associated with them. You need a proper vetting process in place in order to outsource your project.
Staff augmentation is the best of both worlds. It combines the reliability of a full-time workforce with the flexibility of project outsourcing.
Staff augmentation services are pretty much in demand within the technology sector. Rapidly changing workforce culture with a rise in gig economy poses significant challenges to the industry. IT industry has an attrition rate upwards of 40% and the staff augmentation model helps in counteracting this change.
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