Staff augmentation is most often used in IT projects but can be used for any project; Finance, M&A, Fraud Investigations, Cyber/InfoSec, Compliance and Corporate Governance etc. An outsourcing strategy of hiring skilled resources on external basis to cover necessary positions in your team temporarily or permanently so you have the peace of mind that your existing team is involved or even leading.
It allows business to choose candidates only that fit your requirements and to cut or extend your augmented team whenever you need to. Plenty of companies offer staff augmentation. Staff augmentation vendors help you add skilled technical resources to your in-house team on either a short or long-term basis.
Staff augmentation is a type of outsourcing service from an external provider used on a contractual basis to complement the knowledge and skills of the existing in-house team. This strategy consists of determining existing staff capabilities and defining what skills are needed.
These resources are employed directly by the vendor, thus the cost and liability of making new full-time hires are eliminated. That being said, remote staff hired through a staff augmentation company are dedicated to one project at a time.
Why may you decide (if the fee margin is low enough) to have a person permanently added as an augmented staff member if applicable, maybe someone overseas for cost or time-zone reasons.
High Productivity Level: Staff augmentation enables a higher level of productivity because the staff are focused on a single project 100% of their work time, in contrast to a project outsourcing team which can manage several clients projects simultaneously. Working for one client and following their big vision also means higher levels of motivation and dedication.
IP Rights Security: From the very beginning of cooperation with your dedicated developers, all IP rights belong to you.
Cost Efficiency: Staff augmentation has an extremely transparent cost structure. You only pay a margin fee on top of a professionals own rate creating a lower cost model to managed IT Services, and the vendor takes care of arranging everything, while you have the opportunity to focus on your main business activities.