In today’s time, it is the need of the hour to provide the best service to the customers. However, to do so, companies need highly knowledgeable people, and it is not an easy task to hire the best talent from across the globe. The use of technology is growing at a rapid pace, especially in businesses.
With the help of technology, businesses make all things easier for customers. If you also want to do the same and increase your market cap, then you also need tech experts. The presence of expert staff in your team can lead your business to new heights. But maintaining the staff whenever you need it is a tough task. And here comes the role of resource augmentation services.
In simple terms, resource augmentation services mean contracting when there is a need for an extra talented man force for the companies for a specific project. Moreover, companies hire employees for a specific project without committing to a job. Moreover, in this blog, we are going to know in-depth about resource augmentation services and their benefits to your business.
All about Resource Augmentation Services
Resource augmentation service is the model for hiring talent from across the world on a contract basis for a particular project from a third party. Resource augmentation services provide the best talent whenever needed to start-ups, large enterprises, and mid-tier companies to meet their goals.
The internal staff and augmented resources work in collaboration with an organisation for a particular duration of the project.
Sometimes it happens in the industry that you won’t have the tech talent required for any project. Moreover, hiring for that role is, again, time-consuming and a tough task.
Also, sometimes you need some people for a particular time or a specific project, and it is not possible to hire them.
In cases like such, resource augmentation services play a pivotal role in helping you hire the right talents with a hassle-free process.
In the last few years, there has been a rise in hiring employees from resource augmentation services. You can make the best use of the opportunity as well by hiring the best resources for your business with resource augmentation services.
How do Resource Augmentation Services work?
1. Resource augmentation services determine the number of employees you need for a project. Moreover, after discussing with your management, come to a precise number and requirements. Furthermore, clarify your expectations and expertise of the candidates, their experience, and many more.
2. Once you have clearly specified all your demands, a resource augmentation company then initiates the search process as per your requirements. Moreover, they assess so many candidates based on your requirements.
3. In the final stage, you are required to select the right candidates from the list given by the company.
Moreover, your ongoing staff should also support them and should establish a strong relationship with them that will help in the project.
Three types of Resource Augmentation Services
Depending on your precise requirements, your augmentation model may change. The three main types of resource augmentation are commodity, skill-based, and highly skilled.
1. Labour based:
Commodity resource augmentation does not require specialised training. The need for this augmentation model is more driven by urgency than by developing specific skills.
Therefore, this resource augmentation may entail manual labour, factory work, or retail, among other things.
It should be no surprise that skill-based resource augmentation calls for a little more skill. However, this kind of augmentation requires a low level of skill.
A few examples of skill-based resource augmentation include typing or data entry for clerical work.
3. Highly Skilled:
The addition of highly skilled people is the last but not least option. And this kind of resource augmentation is probably just what you require.
Outsourced partners with high skill levels work in IT or software development industries. These professions require extensive training and experience, and adding additional HR employees does not explain deficiencies in either of those areas.
Study the provider profiles after deciding how your business is doing and what services you need. Pay attention to the following essential factors:
- The team must have outstanding communication skills.
- Assess the vendor’s expertise and the clients they have had prior experience serving.
- Ensure a collaborative environment where the team is dedicated to its work.
Executing a team via resource augmentation will benefit your business in some ways. With this service, you can improve your company’s performance and help it develop and grow fully.
Staff augmentation is, therefore, a method of obtaining project solutions of high quality and standards that adhere to your customer base. So, be precise while providing instructions and recommendations to the outsourcing company.
Benefits of Resource Augmentation Services
1. Saves Your Time:
If you are thinking of recruiting employees, then you are on the wrong path. Because it will take you too much time and again, there is no guarantee that you will get the required talent or not. However, with a resource augmentation service, you can shorten your hiring time.
Moreover, you can hire talented employees within a week from across the globe. While running a business or company, it is important to deliver on-time service to the customers, and if you are lacking in that, then it might not be good for your business.
2. Cost Effective:
The biggest and apparent advantage of hiring a remote team is that it is cost-effective. You can recruit candidates from across the globe and from that country where the cost of living is low; consequently, they will demand lower salaries.
Moreover, you know that to hire house employees, you have to include so many things like employee benefits, extra tax costs, and many more. This is why you must go to the resource augmentation service to get global talent at low salaries.
3. Less paperwork:
When you hire an in-house employee, you have to do lots of paperwork and legal responsibilities. However, if you hire an employee through a resource augmentation service, then you do not have to get into this. The third party through which you are hiring an employee will take care of it. This is also one of the key benefits of resource augmentation services.
4. Access to global talent:
Many tech start-ups and companies are facing problems in getting the right talent at the right price. Moreover, it is quite a hard task to get a workforce locally who will justify your project.
This is why if you go through the resource augmentation service then, you will get talented employees from all over the world. Moreover, while hiring them, you do not have to get into the complex procedure. Also, you can hire employees where the cost of living is low.
Hence, they will not demand high salaries. Therefore, you will get a talented workforce at a low price.
5. Greater flexibility:
Sometimes you might get a high workload, and your team can’t handle it. At such times you immediately increase the workforce from resource augmentation service. Moreover, there is flexibility because you might need more workforce for a specific time or project. Hence, you do not have to hire them permanently. Instead, you can get on board whenever needed and can outlast them whenever your work is done.
6. Expansion of business:
To expand the business, you need a workforce, and sometimes it is not clear whether you will get a new project or not? Also, you might not be sure about the consistency of work. At such times, resource augmentation services can help you a lot.
You can hire employees when you have work. Using this contract-based talent workforce, you can expand your business. This is why so many businesses are using resource augmentation services. If you are also looking to scale your business, then you must try, and you will definitely get the desired results.
7. Inflow of innovative ideas:
One of the underrated and important benefits of resource augmentation service. As you will onboard employees all over the world, you will get new ideas also. People from across the globe will enrich your business with their new initiatives and ideas.
However, it is totally your call whether to accept it or not. But still, there will be a flow of new ideas for your business. Moreover, you can scale your business. The flexibility this service offers is the best to grow any business.
8. Setup for risk minimisation:
In a staff augmentation service, you will be sure of efficiency because you will generate the instruction checklist for sending the assignment to the enhancement brand before the deadline.
Furthermore, your company may see a reduction in the risks and hazards linked with investment and other internal planning operations. At its foundation, IT staff augmentation focuses on maximising the resources while reducing the risks to your business!
9. Better focus on the needs of consumers:
As a business, you will prioritise your clients or consumers. Similarly, outsourcing companies would prioritise your tasks above others. Consequently, they will provide you with the complaint, quality controlled, and double evaluated outcomes for accuracy and authenticity.
10. Qualified quality talent:
Having trained professionals at the pinnacle of their careers on your team allows you to assign projects and tasks confidently. Experienced career professionals are not interns or temps and will only require a little training or assistance.
Assign projects and tasks as needed, and an augmented employee or team can deliver the required results on time. An experienced professional brings a wealth of experience to your project, freeing your time and allowing you to focus on the big picture.
10 Signs you may need Resource Augmentation Services
Resource augmentation services are often used by companies and organizations who need to quickly scale up their technical capabilities or workforce. These are signs you may need resource augmentation services.
1. Increased workload:
You may need to expand your workforce if your company experiences a spike in demand for your products or services. You can quickly and efficiently hire additional staff to meet the increased demand with resource augmentation services.
2. Limited Expertise:
Resource augmentation services are available to help companies that lack the technical skills required to complete projects. Resource augmentation can help you find skilled software developers if your company is building a new application.
3. Deadlines are tight:
You may need additional resources if you have a tight deadline. You can use resource augmentation services to get the resources you need in order to complete your project on time.
4. Cost savings:
Resource augmentation services are a cost-effective way to increase your workforce without having to hire full-time staff. Resource augmentation services can be used to hire resources for specific projects or for a short period of time. This can help you save money on salaries and benefits as well as other costs associated hiring full-time employees.
You can scale up or decrease your workforce with resource augmentation services. This is especially useful if your project requires large teams for a short time. After that, you might not require the same amount of resources.
6. Geographical constraints:
Resource augmentation services are a way to access a wider range of resources worldwide if you are unable to find the right talent in your area. This is especially beneficial for smaller companies or those who live in rural areas that don’t have easy access to skilled workers.
7. Access to new technologies:
You may require access to tools or technologies that aren’t currently available at your company if you plan to develop new products and services. You can get access to the most recent technologies and tools through resource augmentation services. This can help you remain competitive in your industry.
8. Shortage of staff:
Resource augmentation services are available to help you fill the staff gaps if you have a staff shortage due to vacations, sick leave, or maternity leave. This will help you to maintain productivity and prevent disruptions to your business operations.
9. Specialized Projects:
Resource augmentation services are a great way to find the right person for your job if you have a highly specialized project. Resource augmentation services are available to help you find scientists and researchers who have the right expertise for your project.
10. Limited budget:
Resource augmentation services are a great option for those with limited budgets who still need to finish a project. They offer affordable talent options that will work within your budget. You can also hire resources for a specified period to help you manage your resources and budget.
10 ways Resource Augmentation Services help you save 85% of your costs?
1. Lower Hiring Costs:
Full-time employment can be costly. You will need to pay for onboarding, training and salaries. You can use resource augmentation services to hire temporary staff for specific tasks or projects, which will reduce the cost of training and recruitment.
2. No Overhead Costs:
You must provide an office, equipment, or other resources to a full-time employee when you hire them. You can save overhead costs by using resource augmentation services. The resources will work remotely and have their own equipment.
You have the option to use resource augmentation services for specific projects or for a short period of time. This can allow you to save money and only pay for what you actually need.
4. Lower labor costs:
Full-time employees must be paid a fixed salary regardless of how much work they do. You can use resource augmentation services to hire resources for specific tasks or projects, and only pay for the work they do.
5. Lower Benefits costs:
Benefits such as retirement plans and health insurance for full-time employees are required. These benefits can be avoided by using resource augmentation services. The resources will work as contractors.
6. Low risk:
Full-time employees can be laid off if the project or business slows down. This risk can be avoided by using resource augmentation services to hire resources for a particular period or project.
7. Efficiency increases:
You can get resource augmentation services to increase your access to highly qualified resources that can quickly and efficiently complete tasks, which will reduce the time and money spent on projects.
8. Global Talent Access:
Resource augmentation services allow you to hire people from all over the globe, giving you access to more talent for a fraction of the cost of hiring locally.
9. No training costs:
You must spend money and time training employees to perform the job when you hire full-time workers. You can reduce the training costs by hiring resources who have already been trained and are skilled.
10. Lower Infrastructure Costs:
You need to provide infrastructure for full-time employees when you hire them. This includes software and computers. These infrastructure costs can be avoided by using resource augmentation services. The resources will use their equipment and tools.
In the last few years, there has been a rise in the use of resource augmentation services. Moreover, we have seen tremendous growth in technology start-ups across the world. Moreover, India has emerged as a start-up hub. But getting talented employees is still a tough task that everyone faces.
But resource augmentation services have solved this. Finding these services can be a huge challenge for your business especially if you have no experience in doing so.
This is where the services of Expand My Business can help you in getting access to the best talents across the globe. This can hence be an ultimate option to scale your business. Moreover, it offers great flexibility and cost efficiency.