Resource Augmentation: Everything You Need to Know
Updated: Dec 8, 2022
Due to economic reasons or time-saving strategies, many businesses temporarily choose to increase their staff size instead of having a permanent workforce.
Through resource augmentation, companies can hire someone on a temporary or long-term basis. Employees often find this flexibility beneficial because it allows them to gain experience without being tied down for an extended period.
When should a company consider resource augmentation as an option?
Top 3 of the most common scenarios:
The company needs to reduce costs in the hiring process.
The project needs specialized talent.
The project needs to augment the current team members for ongoing tasks.
What is resource augmentation?
Resource augmentation enables companies to increase their performance without needing permanent hiring. This outsourcing strategy helps assemble an external team to support in-house personnel, to focus on critical activities while the engaged workforce handles the rest.
A business that wants to implement the resource augmentation strategy should contact a specialized company that will supply a qualified team to work on their projects. The requirements will define the number of people and their contract duration.
Benefits of resource augmentation
The increase in human resources can heavily impact a company's performance by the end of the year. It is understandable why resource augmentation services have become a crucial strategy for businesses to help them handle their activities. Here are some advantages of these types of outsourcing solutions.
Cost-Effectiveness: Fixed-term employment is typically not cost-effective if you need workers for a short period, such as a few weeks or months. With resource augmentation, you may hire a qualified professional as necessary without making a pricey, lengthy commitment.
Time-saving: Targeting specialized talent allows you to recruit efficient professionals quickly and affordably. The main goal is to select the right person with the proper skill set; you won't have to hire one person and hope they have the necessary knowledge for the job.
Fresh ideas: An organization that is both successful and expanding has to find new, creative ways to improve constantly. The addition of resources encourages businesses to work with a wide range of experts with fresh ideas to put on the table. Companies may embrace those new ideas to improve their corporate processes.
Total control: You have complete control over the operations and, ultimately, the result since you directly supervise how the agents execute your project.
Overcoming geographical limitations: Most companies, especially those offering IT services or agents, need help to get the right resources regionally at the best cost. Resource augmentation proves to be a solution to this problem. It allows you to find the needed qualified workers without searching for them in a limited location.
How to augment your resources successfully?
When it comes to expanding resources, there are strategies to consider to do so in the most effective way possible. These steps will ensure the success of your company's process of adding skilled personnel.
Set milestones and targets: Setting realistic and achievable objectives is essential for successfully augmenting resources. Before adopting a staff augmentation strategy, you must define your goals, timelines, and expected outcome. What plans do you want to achieve by hiring new staff?
Assess shortcomings: First, you need to identify your workforce's strengths and weaknesses. This step enables you to employ resources to meet skill gaps in your team without duplicating existing capabilities.
Select the best provider: It's crucial to select the best choice for your resource augmentation process. Consider looking for a service provider who shares your company's principles and culture. Additionally, keep in mind that all providers have different recruiting techniques. Choose the option that best meets your needs.
How to find the best resource augmentation company? Each resource augmentation provider company offers different services. It can be challenging to know where or how to begin looking. Choosing such a company can be as simple as researching the market and selecting the alternative that best meets your requirements. Also, it would be best if you considered both nearshore and offshore.
Make sure you have options and choose between two or three companies that provide those services in your selected locations. You should also take into consideration the reviews and testimonials of the businesses. Finally, discuss pricing and offer any further information about your needs.
Resource augmentation may be the best option for businesses of any size since it offers high flexibility and cost efficiency. Expand Solutions specializes in personnel outsourcing and hiring. To cover staff shortages at your company, we provide skilled help and professional guidance. Contact us to learn how we can help you.