Do I hire or do I outsource?
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Have you hit a crossroads where you want a data scientist or a data analyst to find insight for your organization? Or you have a new idea for what your software could do, but you might need to bring on new expertise to build and manage it? If so, you are probably deciding if you need to hire that full time employee or outsource the work. But how do you know when it’s time?
At csg we love helping companies decide the moves for their organization that will provide the most value. Here are a few signs that you know it’s time to either outsource work or hire that new full time employee:
3 Signs It’s Time To Hire:
1- You know the project you have, you know the team you need to deliver it, and you have time to manage the project.
Hiring employees requires a complete understanding of the project, including timelines and deliverables. Do you know exactly what you need to do and have the expertise to manage the team you need? If so then you’re equipped to hire.
2- You have the technology roadmap you need for the next two to five years, and you have the systems in place to deliver it.
A technology roadmap is essential to ensure you have sustainable work for your new employees. Does this new project fit within your technology roadmap? And are the new positions able to complete other projects in the roadmap as well as the one you hire for? If so, then you may have enough future work to hire full time.
3- You have a defined data strategy, and you know how to leverage it.
Without a data strategy, time and expertise invested in technology and new software won’t produce results for your business. Do you have clarity on the direct results this project will have on business processes, workflows, and your bottom line? Will the effort translate to improved efficiency or ROI? If so then it could be worth it to hire.
3 Signs It’s Time to Outsource:
1- The project is out of scope for what your team can currently manage.
Most IT teams have plenty of support requests and daily system management requirements to take care of, leaving little time for new projects. Outsourcing can deliver the results you need often in a shorter timeline, while leaving your team’s workload unchanged.
2- The project is outside of the skillset of your current team.
So you’re dreaming big. And this project is unlike any other. Outside help can help you take advantage of new technologies and emerging ideas so your business can move forward even without in-house expertise.
3- You need outside skills to bring a new idea to life.
Outside expertise and vision can be invaluable. Oftentimes organizations get stuck in a rut of doing the same old thing with their data and technology systems. Outsourcing to a new technology partner can bring fresh vision and a needed outside perspective to your organization’s problems and current data road map.
What it comes down to – when you hire a new employee, you manage people and outcomes. Whereas when you hire a consultant, you follow up on end deliverables and efficacy, not on how they used their time.
If you’re looking to pave a new road in your technology roadmap and discover new opportunities with your data, we’d be glad to provide the new expertise and vision you need. Get in touch with one of our data experts at the form below to get started.