Recruiting talent is usually a time-consuming and costly venture unless you’re a staffing agency. No matter how compelling your internal HR team is, having a company dedicated to recruiting and matching talent is always a wise option.
While you feel that hiring full-time employees is a long-term investment, you may need scaling up and down to meet your short-term capacity needs. And, this process may require faster completion than the traditional hiring process.
That’s where the staff augmentation process helps. It assists in outsourcing workers with specific skills or roles.
Augmentation plays a crucial role in engineering or IT, where specialized labor for larger projects is often needed. As their skills find specialization, recruiting full-time employees in specific markets has become expensive. Being free of the local markets and hiring process allows companies to gain sustainability and profitability while meeting the capacity demands.
So, what are the common challenges employers face when staffing their business? And, in what ways does staff augmentation help in overcoming these barriers? Let’s get going with discovering what these are:
- The Hiring Process is Expensive:
The hiring process involves a lot of expenditures. Studies show that based on the skill level of the position, employers tend to spend more than double of an employee’s yearly salary on training expenses.
The Center for American Progress conducted a study that shed light on 16 percent costs of an annual salary for replacing an employee making $30,000 a year. Know that these expenditures rack up through expenses like recruitment postings, professional memberships, advertising, job fair sponsorships, and college recruiting trips.
However, workers are reimbursed with staff augmentation based on their work time. The recruiting expenses for the organization are nil. The workers’ selection depends on their job skills, which is why they need very little training for acclimatizing to the position.
In general, these professionals hit the ground running.
- The Hiring Process is Lengthy:
Companies need an extra hand in situations like sudden firings, resignations, large-scale projects, or acquisitions. It is because these unavoidable situations exceed the capabilities and capacity of the current staff.
Therefore, it is essential to fill the vacant positions quickly, or the business productivity may be at risk. And, that’s the reason why it takes time to find, recruit, train, and set a new hire for accomplishing tasks at hand.
Know that the traditional hiring process takes around 23 days to 1 month. However, the work gets pretty short when delegated to Staff Augmentation Companies as they bring personnel at your disposal within days. These experts pledge to bring outsourced professionals in specific-skill to reduce the training costs and times.
The outsourced staff proves to be subject matter experts and well-thought leaders. The turnaround time for total productivity also clocks in under a month, which benefits employees.
- High Turnover:
With a significant improvement in the economy, it gets difficult and competitive to keep skilled employees.
Studies show that employee turnover rates in the U.S were 18.5 percent by the end of 2017.
The Augmentation process works wonders in addressing the issue comprehensively and directly as it provides employers with a steady and consistent workforce. For instance, if an employee changes employment in the middle of the contract, the outsourcing vendor may replace him with a similar skillset.
Thus, outsourcing never lets unexpected resignations disrupt the productivity of deliverables.
The Bottom Line
The benefits of staff augmentation are many- this helps save time and money and solve the problem of employee turnover.
Know that any company with a combination of high skills and growth potential must never overlook Staff Augmentation as a worthwhile option!