Benefits of Team Augmentation
With recent statistics showing that as the economy grows, up to 40% of IT employees are looking for quick job changes, many business leaders are turning to Team Augmentation to fill the skill gaps they find within their organisation. Below we explore how team augmentation can benefit your organsiation.
In today’s business landscape, 84% of Irish companies are facing a skills shortage with ICT being one of the worst affected sectors. Due to this, the internal talent pipeline has become a critical issue for many organisations with many also facing resourcing issues. As a result, team augmentation has become increasingly popular with team augmentation services raised from 5.2% to 6.3% in 2018-2020.
Focusing on the tech industry, IT team augmentation is an outsourcing strategy of hiring skilled tech resources on external basis to cover necessary positions in your team temporarily or permanently. It delivers many benefits to organsiations some of which we will explore below.
Employing a full-time workforce to work on a particular project can be more costly and require more time and energy from your resources. With team augmentation, organisations can drive efficiencies as they can increase current teams with dedicated experts who will work on a short to medium-term basis. This eliminates the hiring process and time spent training new-hires and also saves onboarding costs. Another cost-saving benefit is that there are less long-term commitments to honour as augmented team members only work in your organisation for as long as you need them. As team augmentation gives organisations the opportunity to hire people with a specific skillset for a specific project, these projects bring better efficiency.
As already mentioned, team augmentation services, organisations can hire based on specific skills. This is helpful for organisations who have identified a skills gap that needs to be filled by people who have expertise in that field and being able to hand-pick the best resources can dramatically improve the output of an organisation. Team augmentation can tailor to an organisation's specific needs and creates an environment whereby permanent employees can learn from the augmented team members as well. On top of this, hiring augmented team members gives your organisation access to a wider community of experts from whom you can draw knowledge from.
Traditional staffing methods can be rigid and inflexible. Team augmentation offers a flexible solution for companies that experience regular shifts in demand to scale staff in a quicker and more affordable way. Team augmentation allows organisations to recruit top technical talents for particular projects creating efficiencies in an organisation as it allows them to scale quicker than if they were to hire new full-time employees. This creates efficiencies in an organisation as workloads can be ever-changing in size and with the advantage of temporary employment, organisations can handle forthcoming demands on a project-by-project basis, scaling up without sacrificing the quality of the work. And finally by having augmented team members it becomes easier to manage team size based on the current needs of the business.
As the temporary team members are working alongside permanent employees, this allows the organisation to monitor development. This also creates closer alignment to business objectives as traditional outsourcing can carry the risk of misinterpretation of the business vision, ethos, or goals. Having a team that is closely rooted to the organisation itself ensures that the project stays aligned to what the business wants to achieve. As it is in-house as well, it allows organisations to uphold the confidentiality of their projects.
To learn more about how team augmentation can benefit your organisation Register Now for our upcoming webinar “Bridge the Talent Gap with Team Augmentation”.