Get To Know IT Staff Augmentation vs In-House Hiring Recruitment

1. Several enterprises worry about hiring the required technical resources within a limited budget. Many of them like to first know the answer to this question, “how much does the recruitment cost?” while hiring particular employees. It is a highly debatable topic when deciding between and in-house employee hiring. Undoubtedly, companies find every possible way to save organizational costs to an optimum extent. Recruitment is one such area where numerous organizations want to save hiring costs and still attain experienced talent. In today’s fast-paced and remote working scenario, IT staff augmentation and in-house recruitment are two modes of hiring models available. Many find it hard to implement the right resource hiring model based on the requirement. On top of that,

2. determining the hiring cost is another dilemma that most companies face. Therefore, this blog is particularly framed to clear the dilemmas by letting you understand the two hiring models. Also, know what is the cost of staff augmentation services and in-house hiring. Staff resource hiring strategy available for enterprises to hire specialized staff on-demand. Unlike the end- to-end external partner to develop the complete software project on your behalf. Augmentation is more in the terms of taking up resources for limited requirements. augmentation services are an external that allow your professional short-term technical project or This staffing method complements your current in- house team with a specific skill, talent, experience, and industry-level expertise. The augmented staff member will work remotely as part of your team and remain under your provided by the augmentation company. control despite being Now, considering the cost of staff augmentation in India, you need not ascertain the internal and external costs of hiring. There is no such additional recruitment cost is involved in terms of profile

3. selection, lengthy interview process, on-boarding, and in-house training. This staffing strategy is providing instant technical resource availability on a contract basis. There is a contract between you (as a hiring company) and the staff augmentation company (the one who provides the resource). Therefore, no such expected cost is involved as paying for health insurance, on-the-job training, travel allowance, or anything like that. Precisely, you can save at least 20-30% on the recruitment cost while augmentation hiring model. relying on the staff The most common recruitment option is the in- house hiring process. This involves the respective HR department of an organization looking for the desired choice of candidates, filing the profiles, contacting them for an interview, and final hiring. A that you are already aware of due to having an in-house recruitment team. But there is one thing that you might not know is that in-house recruitment is not the only option you have for required candidates. There are other models available depending on your project requirements. Still, in-house important to hire and experienced candidates representing your brand. hiring professional has its retain and What is the Cost of In-House Hiring?

4. The depends on the formula of CPH (Cost-per-hour). CPH is the average amount of money that your company spends on the employee. It includes all the internal and external costs of a member working for your company. recruitment cost of in-house hiring fully Moreover, it is the figure that helps you ascertain the total cost of hiring and maintaining your in- house team of experts. There are various reasons for seeking assistance from the IT staff augmentation company to hire and save a considerable amount of cost. Helps reduce hiring costs, full-time salaries, and other expenses. Contract hiring flexibility to hire resources in dire need of talent and further scale down accordingly. Improve the internal specialization of employees by collaborating with an industry-level external expert. Complete project control in the hands of the hiring company and make certain changes without any hassle. In-house candidates has its own set of perks like the following: hiring of the required technical

5. Increased reliability over in-house employees that work closely within the organization and can do several tasks on priority. Better communication especially at the last minute of changes in the software project. Flexibility to grow the more in-house members or external resourcing. with the employees pool either by hiring Cost consideration while recruiting new and experienced talent for the software development project. Staff augmentation and in-house hiring are two effective models to recruit talent either on a short-term or long-term basis. is an inevitable factor to take into Depending on the lowest cost factor, rely on augmenting the desired staff members and save approximately 30% of Concerning the same, raise your requirement with as one of the leading the recruitment cost. providing a reliable resource.