Recruiting the right talent comes along with a unique set of challenges. It often seems costly and consumes a lot of time. The challenges even get multiplied if it is not your core business. In that case, you need to rely on your internal HR and its efficiency. Which sometimes does not bring the desired outcome. Hiring a full-time professional is a long-term investment that is hard for start-ups and many companies. However, if you have a short-term capacity need, you cannot get benefitted from the traditional way of hiring. Here is when using staff augmentation services proves to be a smart move.
A staffing company is dedicated to hiring and matching talent to opportunities in the most efficient manner. With its Staff augmentation services, a business gets the flexibility of outsourcing workers for its specific project requirement. It has been a proven way to ensure success for many companies facing similar hiring challenges.
Role of Staff Augmentation Company
A staff Augmentation agency offers a helping hand to businesses looking for hiring services anywhere in the world. Augmentation is particularly helpful in fields like IT and engineering, where experts for specific projects come as a requirement. As these skills have become more specialized, hiring full-time employees in these markets costs heavily. Staff augmentation serves the need of these companies by providing the right professionals. With the required expertise from different parts of the world.
So, what are the common problems faced by employers when trying to hire and how do staff augmentation services help them overcome the same.
1. Cost of Hiring
The hiring process is not just limited to employee benefits rather it has many different expenditures. Studies reveal that, based on the skill level of the role that needs to be occupied. Employers have to spend more than double an employee’s annual salary on hiring and training costs. It may raise more in the case of highly specialized executive-level positions. These expenses further go higher through costs related to job postings, advertising, and job portals memberships, and so on. Such costs often take place before any money has been given to the new employee. Besides employees’ salaries, benefits and payroll taxes further increase the cost.
Using the IT staff augmentation services, employees are paid only for the time and efforts they put into their work. Companies do not need to bear the huge recruiting expense. These professionals are selected because of the staff augmentation agency. Finds them equipped with the necessary skill set for the role. So most often, they need very little training or time to fill the position. Therefore, it can be seen as the most preferred way. To reduce the hiring cost without compromising on the quality of hired candidate.
2. Exhaustive Hiring Process
Businesses often require additional help in the event of resignations, sudden firings, and acquisitions. It also happens in the scenario of large-scale projects which exceed the capabilities of the existing staff. Filling these positions immediately is required to avoid the productivity of the entire business. The issue lies in the time which is required to find, hire, and train, and onboard a new hire to the existing task or project. If minimum time is considered it takes more than a month to complete the hiring process but that does not happen with staff augmentation services.
If other methods like phone interviews, panel interviews, and skill tests are considered, these are also time-consuming processes that need huge investment as well. Once a professional is select, background screening adds on a week to this timeframe. If the professional does not accept the position or does not do well on his screenings, you may seem to find yourself back to square one. Upon hiring, it may require months before the company starts achieving measuring results.
Augmentation experts come at your disposal within a couple of days. The staffing agency has recruitment professionals that bring you the right talent with a specific skill you require in-house. Hence, it helps you find a candidate who does not require training and is ready to add value as a thought leader to your business faster than you think. It automatically leads to the turnaround time for full productivity within a week, as opposed to under a month. Using staff augmentation services helps business owners to take the opportunity to proceed at a faster pace when unexpected pitfalls arise.
3. High Turnover
With the improvement in the economy, it has become more competitive to keep talented professionals on the job. In specialized skill industries like IT and engineering, where turnover is high, it is referred to as IT attrition. Studies reveal that the current rate is at 40 percent, which means around half of skilled IT professionals are looking for a job change. Augmentation helps in overcoming this issue directly and comprehensively by providing employers with a steady capacity and staff.
If a professional decides to change job in the middle of his job contract, the outsourcing company will replace the employees with someone having an equal skillset within a short timeframe. In this case, random resignations need not affect the productivity of any delivery, let alone an entire team of professionals or offices. Staff Augmentation services further save time and money and solve the issue of employee turnover. Any organization with a mix of growth potential and a highly specialized technical staff should take this option seriously.
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