Times change, and as a matter of fact, change is the only constant thing be it in business development or our life. The world of technology changes each day, too. And to stay abreast with it is not impossible but surely is a task. The skills that your business needs today may become obsolete in a matter of days or maybe months. Adapting to this change is difficult for various reasons. You can certainly train your team to stay up to date with the latest trends or the skills required for your business. But this takes time and is a costly affair too. As for every problem, there is a solution. And there is an answer to this issue too.
To stay ahead in this game and to make the most of the changing trends, companies can undertake outsourcing strategies outside their business. This can leverage their development without hampering their existing process. As per Statista, there has been a considerable increase in the global outsourcing market. From 2000 to 2019, this market has amounted to $ 92.5 billion. About 300,000 developers are outsourced each year out of the US - further creating employment and giving a platform to developers to showcase their talent.
Outsourcing in literal terms means scouting and hiring the right third-party team or an individual that can add value to your ongoing project. Outsourcing strategies such as staff augmentation, multi-sourcing, IT outsourcing, project outsourcing, process-specific outsourcing, and others, come as a relief to tackle the tasks that are sometimes hard for the internal team to deal with.
In this article, we will talk about the pros and cons of staff augmentation and project outsourcing.
This will give you a clear idea of which process to choose in any given situation.
What is staff augmentation?
Staff augmentation is an outsourcing process that involves a temporary addition of talent from an outsourcing company provider to your existing team. To augment the capacity of an organization, first, analyze your existing team and determine the skills and talent required to elevate the current business objectives. According to a study conducted by Statista, post the outbreak of COVID, the staff augmentation market size grew from $92.5 billion to $132.9 billion. Outsourcing companies train their developers, and the addition of these consultants will boost the morale of the team and help you reach your business goals.
7 reasons to choose staff augmentation
Project outsourcing is a process when a company hands over the complete project to the IT outsourcing organization. Right from planning in the initial stage to the outcome of the project, the work is taken care of by the third-party company. They take complete responsibility for the business development. This model can be used when the assignment isn’t a high profile one or something that has a definite outcome.
As opposed to staff augmentation, project outsourcing does not allow direct control over the team. As per Statista, in 2021 the IT outsourcing market is expected to reach $ 359462.8 million. This exponential increase is the courtesy of the digital transformation and services provided by IT.
5 reasons to opt for project outsourcing
If you wish to enter the water of outsourcing, you can completely rely on us. Our experienced and diligent array of developers will make certain that your business needs are met. Need a specialist to handle your project or want a temporary addition to your team to enhance the business needs? Worry no more, App Scoop will provide all the resources and will guarantee that the project sees its desired outcome.
To talk to our experts, kindly contact: https://www.app-scoop.com/contact-us.html