When dealing with staff augmentation contracts, you need to work with a qualified attorney who can clearly articulate the terms of the relationships the contracts codify. Temporary onsite tech staff can be privy to sensitive data, processes and technology. So you must protect your intellectual property, proprietary technology and company interests as a whole.
iTech Blog - Solutions & Insights From Tech Industry Leaders
According to the Society for Human Resource Management, the average cost of hiring a new employee is $4,129, although this does not account for onboarding and training costs, which can be quite significant. In fact, the cost of hiring new staff was higher for more complex, higher-paying positions. This means that it’s fair to surmise that the hiring costs for a IT and tech positions are significantly higher.
Just a few years ago, there was a major disparity between the average pay rate for IT professionals in the U.S. and other parts of the world, such as India. This economic environment made it possible for many companies to outsource their tech projects to overseas companies for a price that was significantly less than what they would pay local talent.
With competition for top software developer talent growing fiercer all the time, you might consider using a local IT staffing agency to streamline your search. Local staffing agencies often excel at some aspects of recruiting, but using them comes with at least one important caveat.
Within three years, there will be a million more computing jobs than eligible applicants, according to Code.org estimates. This means top software developers and engineers will continue to be in high demand. They’ll be awash in opportunities and offers, and can take their pick. This causes hiring managers to try and find new ways to get their attention. How can they hire top software engineers on a startup budget? How can they find them on any budget? Companies, regardless of size, have P&L considerations. So how can you land enterprise talent in a competitive market while ensuring you get the best possible value?
With an estimated 20 million software developers worldwide (as of 2017) and over 250 programming languages and countless specialties, it’s easy to see how difficult it could be for a hiring manager to find the right person for the job.