What is Team Extention?
Team Extention is one of the outsourcing models, that involves hiring a team of professionals who work for an external company and can provide a specific set of skills or expertise. The team is then integrated into the client’s organization, working alongside their existing employees to complete projects or tasks.
This Outsource Model is a flexible, cost-effective, and low-risk approach to outsourcing.
What are the Benefits?
Firstly, it allows companies to access a wider pool of talent from around the world. Instead of being limited to local talent, companies can hire experts from other countries who may have more experience or a different perspective. This can lead to better results and more innovative solutions.
Secondly, the team extension model is highly flexible. Companies can hire a team for a specific project or task, and then scale up or down as needed. This means that companies can quickly respond to changes in demand or market conditions without having to worry about hiring or firing employees.
Another benefit of the team extension model is that it can be more cost-effective than hiring full-time employees. Companies can hire a team for a specific period of time and only pay for the hours worked. This can be much more cost-effective than hiring full-time employees who may not be fully utilized.
Finally, the team extension model can also help to reduce risk for companies. When working with an external team, the risks associated with recruitment, training, and management are all taken care of by the outsourcing provider. This allows companies to focus on their core business activities while still benefiting from the expertise of the external team.
What are the Disadvantages?
Of course, there are also some potential drawbacks to the team extension model.
One of the biggest challenges is ensuring that the external team is integrated effectively with the client’s organization. Communication and collaboration can be more difficult when working with an external team, and it can take time and effort to build trust and establish effective working relationships.