How to Build and Manage An Effective Product Development Team

  IT staff augmentation is a cost-effective way for businesses to access skilled IT professionals on a temporary or project-by-project basis. This type of arrangement can be especially useful for companies facing economic challenges, such as a recession . In this article, we'll explore how IT staff augmentation can help businesses survive a recession and come out on top. First, it's important to understand what a recession is and how it can impact businesses. A recession is a period of an economic downturn that is characterized by declining gross domestic product (GDP), rising unemployment, and falling business profits. During a recession, businesses may struggle to maintain their operations and may need to cut costs in order to stay afloat. One way that companies can cut costs during a recession is by reducing their full-time staff and relying more on temporary or contract workers. This is where resource augmentation can come in. By bringing in IT professionals on a temporar...

  IT Staff Augmentation vs Outsourcing: Which Is the Best Option for Your Business? The IT industry has grown significantly in the post-COVID era. As technology and software evolve, companies are looking for ways to reduce costs and increase efficiency.  According to Statista , outsourcing generated about $395 billion in revenue in 2022. There has been an upward trend towards outsourcing your IT team or augmenting staff with temporary or contract workers. This can be seen as a way to cut costs and improve efficiency and increase flexibility. There are pros and cons to both outsourcing and staffing augmentation. In this blog, we have compared the two outsourcing strategies most frequently used by businesses staff augmentation and outsourcing. Let’s find out which is best for your business.   What Sets Staff Augmentation And Outsourcing Apart? IT staff augmentation is a form of outsourcing that is used to upgrade and upskill your software development team and increas...