Many organizations in the Tech and IT industry are facing the issue of hiring talented software developers. As per a report, around 81% of organizations have a shortage in power use or developer tech skills. One of the major issues that causes talent scarcity is that technology is developing faster than ever. Around 62% of employers believe 5-10% of their talent base needs to upgrade their skills to stay competitive.
That’s why staff augmentation is one of the best ways to hire skilled IT developers to include expertise in the project and bridge the skills gap. Moreover, with AI-assisted coding, the AI staff-augmented developers will provide low-cost, efficient, bug-free, and quality code. Let’s learn how AI staff augmentation can help you overcome the talent scarcity issue.
Reasons behind organizations facing talent scarcity
Before discussing an efficient method to overcome the barriers of talent scarcity, let’s look at some reasons which are leading to the problem:
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The older workforce is leaving
People born between 1946 to 1964, which make up about one-third of the workforce of Silicon Valley engineers, are planning to retire. After the COVID pandemic, the number of millennials has increased to take up retirement, leaving a huge gap in the skilled labour pool. -
The younger generation is not capable.
The upcoming Gen Z generation to take over the positions that the millennials left cannot meet the changing needs of an enterprise and the world. One of the greatest problems is some employees do not stay for more than 2-3 years; they change the company for a better future or pay. The new generation lacks managerial or leadership skills, which makes them unfit for senior posts, like a senior developer. -
Changing needs
The world is evolving continuously, and there is new technology every day. It increases the need for businesses to stay updated, incorporate the changes in their organizations, and stay in competition. It is impossible to hire an expert software developer permanently to meet the world's changing needs.
How does it impact businesses?
Talent scarcity impacts businesses in different ways. First, competition for skills can increase labour costs, reducing margins and slowing down production. It might even disrupt the supply chain operations. Moreover, talent scarcity can lead to social instability, as high levels of unemployment can widen wage inequality. It can cause social instability, leading to other risks, including war.
What is AI staff augmentation?
Staff augmentation refers to the situation when the company temporarily hires employees when they have a staff shortage. It is an outsourcing strategy to increase the agility and response to changing needs of an enterprise.
Staff augmentation is preferable to traditional hiring because it is expensive and time-consuming. However, in staff augmentation, you must hire expert software developers or programmers on a contract basis rather than permanently.
Benefits of AI staff augmentation
Here are some benefits of hiring skilled employers through staff augmentation:
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Quality assurance:
Through staff augmentation, companies can hire experienced IT workers with quality assurance. Because of this, organizations can use a wider variety of expertise, increasing their abilities. It might be especially helpful for companies that have particular projects or tasks to finish. -
Flexibility
Businesses can hire qualified IT developers for a particular project or period. It implies that companies can change the size of their teams in response to their demands without engaging in a lengthy employment contract. Businesses with various workloads or projects may find this flexibility very helpful. -
Higher Productivity
Businesses may hire tech experts with quality assurance who can complete the project quickly and effectively with a team of IT employees. Companies may work more productively while concentrating on their core capabilities. It may be a huge benefit for organizations wanting to simplify their processes. -
Cost Savings in Training
Businesses can hire IT developers and computer experts with quality assurance that need less training. Because of this, firms may reduce their training expenses while concentrating on finishing the project. It may be a big benefit for companies trying to save expenses elsewhere. -
More time-to-market
Businesses may hire qualified IT experts who can produce results immediately with the help of IT staff augmentation. Because of this, firms may introduce new goods or services more quickly, providing them a market advantage. It might be a game-changer for companies in industries with high turnover rates. -
Lower Risk
Businesses may lower the risk of hiring incorrectly by including IT workers. They may hire computer experts with quality assurance working on similar tasks, reducing the chance of failure. It might be an important benefit for companies that can't afford to make mistakes.
Conclusion
It is time to bring new strategies to combat talent scarcity. Businesses can find the most suitable expertise with quality assurance for their specific requirements in a full-time employee by having talented IT workers on a part-time or project basis.
Staff augmentation is one of the best strategies because it helps companies complete their projects quickly with quality assurance. If you are an organization or an enterprise with changing needs or adapting to new strategies of hiring, then Thinksmart Technologies can help you to fulfil your needs. Our pool of talented software developers, skilled in different programming languages and technologies, can assist your team in addressing the skill gap issue.
Frequently Added Questions
When companies lack employees, they use staff augmentation to hire experts, and it also gives quality assurance while selecting the employee. They are hired temporarily to complete a particular task.
It helps you to get access to the trained staff that you can hire according to your project. Companies hire employees according to their need for work.
No, staff augmentation is used only for short-term requirements. Experts are hired to complete the particular task that the company wants to be completed by a professional.
Companies hire staff according to their needs. As they require staff for a particular field, it will search for an employee’s expertise in that field. It will improve productivity as the hired employee is only skilled and trained in that field. So he can complete his project in the given time with the best output.
