Staff Augmentation: 5 Key Trends for 2023

In today's hyper-competitive business environment, with economic uncertainty prevailing on the global front, companies in India are aiming for a significant competitive advantage. This objective is achieved through outsourcing their non-core activities. But they still want skilled, experienced hands on board to help run the critical departments of their organizations to bring in efficiency and savings. So increase in demand will be the key theme for the staff augmentation (both IT and non-IT) industry in India.?

Let's explore some of the key trends for 2023.

Evolution of the Workforce Mindset

The current workforce in India mainly comprises millennials and GenZ workers. They are after fast money, which is becoming easy in this emerging gig economy. Such workers are more inclined to take short-term projects rather than making long-term commitments to an organization. This will make staff augmentation all the more relevant in 2023.

The Quest for an Elastic Workforce

One of the prime reasons for mass layoffs done by corporate bigwigs like Amazon and Meta is the hiring of an excessive workforce. The hiring was done in haste to compensate for the temporary resource crunch during the pandemic outbreak. That's why in 2023 employers will require short-term or contractual employees who will contribute to their workforce elasticity. Such an elasticity will allow companies to optimize their resources whenever deemed necessary.?

Inclination towards Outsourcing

Despite mass layoffs across the world, there has not been much of an impact on operations. Instead, companies are zeroing in on more innovative hiring and workforce management strategies to keep up with their operational continuity and save costs to keep up with the raging inflation. This will see an uptick in outsourcing to low-cost but highly qualified workers in developed nations like India. As a result, it will increase the demand for IT staff augmentation services in India.

Remote Staffing Infrastructure

Since its inception during the Covid-19 pandemic, remote working infrastructure has proved extremely cost-efficient and flexible. By 2023, most of the staff augmentation consulting services providers in India are expected to adopt tools to facilitate a remote hiring and onboarding process. These tools include video conferencing software, cloud computing and RPA and others.

Updating the Tech Stack

The Indian IT staff augmentation industry has exhibited incredible business resilience despite concerns of an economic slowdown. The key to this resilience is an updated tech stack. Recruiters are introducing analytics and other engagement tools in the staff augmentation models. Data analytics help recruiters pinpoint candidates who are the best fit for specific organizations. RPA helps segregate and filter out candidates who have just updated their employment status. This is an integral part of the staff augmentation process flow that narrows the candidate search.

Original Source: https://alp.consulting/what-is-staff-augmentation/