Workforce Workshop

Staff Augmentation, Outsourcing, and Hybrid Approach: The Future of Global IT Industry | Episode 063

Episode Summary

Hello people! COVID-19 has brought a huge shift in everyone's lives across the globe. But we all agree that the fastest-growing industry is IT. With that said, the future of the global IT industry seems more dynamic than ever. Thus, this episode will be giving you insights into the latest models that are gaining popularity among organizations. They are - Staff Augmentation, Outsourcing, and Hybrid. Let's have a quick recall of definitions for all three of them. Staff Augmentation: Staff augmentation clearly requires an external service provider (on a contractual basis). This is done in order to save time and complement the already existing team without devoting much time or resources to it. Outsourcing: Outsourcing is the business practice of hiring a party outside a company to perform services or create goods that were traditionally performed in-house by the company’s own employees and staff. Hybrid: The hybrid approach aims to make the best out of both approaches and adjusts according to the needs of individual organizations. Now, let's dive in and help you understand the models to pick the one that works the best for you and your organization! Listen to it till the end!

Episode Notes

Hello people!

COVID-19 has brought a huge shift in everyone's lives across the globe.

But we all agree that the fastest-growing industry is IT.

With that said, the future of the global IT industry seems more dynamic than ever.

Thus, this episode will be giving you insights into the latest models that are gaining popularity among organizations.

They are - Staff Augmentation, Outsourcing, and Hybrid.

Let's have a quick recall of definitions for all three of them.

Staff Augmentation: Staff augmentation clearly requires an external service provider (on a contractual basis). This is done in order to save time and complement the already existing team without devoting much time or resources to it.

Outsourcing: Outsourcing is the business practice of hiring a party outside a company to perform services or create goods that were traditionally performed in-house by the company’s own employees and staff.

Hybrid: The hybrid approach aims to make the best out of both approaches and adjusts according to the needs of individual organizations.

Now, let's dive in and help you understand the models to pick the one that works the best for you and your organization!

Listen to it till the end!

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