IT Staff Augmentation: Which Model is Right For Your Business?

IT STAFF AUGMENTATION : WHICH MODEL IS RIGHT FOR YOUR BUSINESS ? 2023 2022 2021 2019 2018 2016 2015 2014 2013 2012 2011 2010 2009 TALENT SHORTAGE OVER TIME 78 % of the talent gap in the USA is in the IT industry According to the International Monetary Fund ( IMF ) , this shortage could potentially escalate to a staggering 85 milliontech workers by 2030 AVERAGE TIME TO HIRE IT SPECIALISTS 30 % < 1 month 50 % 1-2 month OFFSHORING MODELS OF IT STAFF AUGMENTATION Offshoring involves outsourcing IT tasks or projects to a team located in a different country , often in a region with lower labor costs . - cost - effective - often involves significant time zone differences - can require robust project management ONSHORING Onshoring , also known as insourcing , involves hiring IT professionals or teams within the same country or region as the hiring company . - cultural alignment - easy communication - compliance with local regulations . DEDICATED TEAM AUGMENTATION Dedicated team augmentation entails forming a team of IT professionals exclusively dedicated to a company's projects , working remotely or on - site . - provides an extended team that is highly aligned with your company - offers consistency and long - term collaboration - allows control over resources 17 % 3-4 month SPECIFY THE PROJECT NEEDS NEARSHORING 3 % 4+ month Nearshoring is similar to offshoring but involves outsourcing to a neighboring or nearby country , typically in the same or similar time zone . Offers cost savings while maintaining closer cultural and time zone proximity , which can aid collaboration . ESTABLISH AN EFFECTIVE PROCESS FLOW RESEARCH THE MARKET TIME - BASED STAFF AUGMENTATION 78 % 75 % 69 % 54 % 45 % 40 % 38 % 36 % 35 % 34 % 34 % 31 % 30 % Time - based staff augmentation allows a business to hire IT professionals for a specified period to address specific needs , such as short - term projects or seasonal demand . - flexible and cost - effective for short - term requirements - offers scalability - access to specialized skills . HYBRID STAFF AUGMENTATION Hybrid staff augmentation combines multiple models to create a customized approach , such as a mix of in - house , onshore , nearshore , or offshore resources . In a recent report , market intelligence company SpendEdge forecasted that the global staff augmentation services market would grow at a 3.53 % CAGR between 2021 and 2025 , reaching a total incremental spend of $ 81.87 billion . Incremental Spend ( 2021-2025 ) $ 81.87 billion Total spend size ( 2021-2025 ) offers a balanced approach - optimizing cost savings - agility - access to various talent pools for different aspects of a project . 2021 2022 2023 2024 2025 Expected price change ( 2021-2025 ) 2 % -4 % HOW TO CHOOSE AN IT STAFF AUGMENTATION MODEL FOR YOUR COMPANY How to leverage a staff augmentation project NEGOTIATE WITH A CHOSEN PARTNER SIGN THE CONTRACT