How Staff Augmentation can Help Control Project Costs
Whether you’re running a small-scale business or a large-scale enterprise, managing projects with limited resources and fluctuating workloads can be quite a challenge. Companies that handle diverse projects have diverse needs, the fulfillment of which often comes at a heavy price.
Fortunately, there are several strategies companies can adopt to keep project costs under control, such as staff augmentation. With the help of staff augmentation services, firms can make adjustments to their staffing model and cut down overhead costs associated with each project.
Wondering what staff augmentation is and how it can minimize project costs? Here’s a comprehensive guide to help you understand the cost benefits of staff augmentation.
What is Staff Augmentation?
Staff augmentation is the process of outsourcing professionals for a temporary expansion of staff, to meet the needs of a specific project or multiple projects. Through staff augmentation, businesses can hire skilled experts to facilitate their existing workforce with tasks at hand. This makes staff augmentation the perfect recruitment model for growth oriented companies looking for external assistance on a scalable basis.
Controlling Project Costs with Staff Augmentation
Staff augmentation can help commercial set-ups minimize the costs associated with their projects in the following ways:
Reduces Fixed Hiring Costs
Hiring new talent for a project is a multi-step process and can be rather expensive. To conduct a comprehensive recruitment process, companies need to invest a certain amount of their financial resources in sourcing candidates, screening and sorting applications and holding interviews. These fixed hiring costs can be reduced by augmenting staff for your projects. Once you convey your requirements to a staff augmentation service provider, they will connect you to skilled professionals suitable for your needs
Eliminates the Training Expense
Training newly hired staff is yet another aspect of traditional hiring that can raise the costs of your project. To help new recruits develop an understanding of the standard procedures and culture of the enterprise, companies need to invest a sizeable amount of monetary resources in employee training. Augmenting staff eliminates this training expense, as professionals hired through staff augmentation already possess the required expertise.
Save on Employee Benefits
Employers are responsible for providing benefits to employees hired through conventional recruitment processes. These benefits can include social security, worker compensation, paid leaves and vacations, and more. When companies outsource professionals from a staff augmentation firm, they can save on these employee benefits as the outsourcing firm handles these issues.
Leverage the skills of experienced professionals by choosing EX2 Outcoding for your staffing needs! We’re a nearshore outsourcing company providing comprehensive staff augmentation solutions to commercial clients. You can also benefit from our reliable web development, mobile app development and software quality assurance services by contacting us at 800-974-7219 or firstname.lastname@example.org.