In today’s business landscape, technology isn’t just a tool; it’s the game-changer defining success. From streamlining internal operations to driving business products, technology’s role across industries is pivotal. But what do technologies signify without humans?
The ongoing technological revolution demands not just the latest innovations but also the right people prepared to face any challenge. This is where IT outstaffing stands out—an increasingly popular strategy among businesses seeking to optimize operations and tap into specialized talent. According to a survey conducted by Deloitte, 53% of businesses leverage some form of IT outsourcing, with staff augmentation being a prominent model.
The pros in 2023 of IT outstaffing are obvious. Cost efficiency and engaging remote teams from diverse regions at a lower cost lie at the heart of IT outstaffing. And with a looming shortage of tech workers, estimated at 85.2 million by 2030, alternative talent acquisition methods like outstaffing become imperative.
The staffing industry is poised for major changes in 2024 as new technologies, economic shifts, and demographic trends reshape the workforce. As a result, the way that companies source, hire, and manage their workforce is changing dramatically. At ALLSTARSIT, we foresee IT outstaffing maintaining its significance. It’s a strategic approach for businesses seeking competitive edges through talent acquisition and business optimization.
So, how will the challenges and trends of the labor market influence companies in 2024? Let’s anticipate and prepare in advance.
Streamlining costs and accessing talent
Today, the escalating talent shortage underscores the importance of outstaffing. For example, a study by Korn Ferry estimates a global shortage of 85.2 million tech workers by 2030. This scarcity emphasizes the need for businesses to consider alternative talent acquisition methods such as outstaffing. By engaging remote teams or professionals from diverse regions, companies can often access high-quality talent at a lower cost compared to maintaining a full in-house team.
AI is not a buzz, it is a change driver
According to the World Economic Forum, by 2025, AI and automation will create over 12 million new jobs, leading to a substantial labor demand from the perspective of companies. As we approach 2024 and reflect on the paradigm shift brought about by the AI revolution in 2023, one thing becomes clear: staying ahead in the IT sector isn’t solely about implementing all the latest innovations. Instead, it’s about being prepared to confront any challenge with the right, experienced team.
Also, AI will significantly influence the entire recruitment process by automating tasks such as screening resumes, scheduling interviews, and managing repetitive duties. This streamlines candidate shortlisting and accelerates the overall hiring procedure for greater efficiency.
Delving deep into diversity
Borders have become increasingly blurred, prompting staffing firms to expand their horizons. Factors like location, gender, or nationality are losing significance compared to skills and experience. Сompanies will increasingly explore nontraditional talent pools, such as retirees, parents re-entering the workforce, war veterans, switchers, and individuals with disabilities. Staffing firms need to collaborate with organizations supporting underrepresented groups, and establishing effective assessment and onboarding processes for diverse candidates. Offering access to training and upskilling will play a pivotal role, potentially generating a broad positive social impact on a substantial number of individuals.
Focusing on strategic outstaffing partnerships
Some companies have attempted to work with several outstaffing providers simultaneously. However, in 2024, the focus is on establishing ecological and long-term relationships based on trust. Primarily, working with one outstaffing company allows for consistency in the recruitment process. This fosters familiarity with your company’s culture, values, and specific needs, thereby streamlining the hiring process and ensuring a better understanding of the talent you require.
Over time, a partnered outstaffing company develops a deeper understanding of your business objectives and staffing needs. Partnering with a single outstaffing company reduces the time and resources spent on vetting multiple agencies. It streamlines communication, reduces administrative burdens, and allows for a more efficient working relationship. A dedicated outstaffing partner is more likely to tailor their services to your specific needs by adapting their processes, reporting mechanisms, and candidate sourcing strategies to better align with your company’s requirements.
Providing a unique solution to your client
In this era of instability, companies must exhibit flexibility in their decision-making and strategies to ensure sustainability. Anticipating challenges your clients might face and proactively preparing to address any issue is crucial. At ALLSTARSIT, we’ve dedicated substantial effort to create a comprehensive suite of services, aiming to offer an all-in-one solution for hiring top global talent. From Employer of Record and staffing to staff augmentation and dedicated teams, our range of solutions is designed to be adaptable and customizable.
Being an all-in-one solution provider for your clients, covering their current and potential challenges, ensures a high level of client retention.
Conclusion
As we approach 2024, the trajectory for IT outstaffing appears promising. Businesses striving for agility, access to specialized skills, and cost optimization will likely continue leveraging this model. Staying ahead by anticipating the next steps is crucial. So are you ready to propel your business forward with top talent in 2024?
Solomon Amar Founder & CEO of ALLSTARSIT https://www.linkedin.com/in/solomonamar/
