Pricing Staff Augmentation in a Statement of Work (SoW)
Creating a SOW for staff augmentation requires a clear understanding of the type of service your organization is providing. Here’s a brief overview of how you can price staff augmentation in a Sow:
Identify the Roles Needed
The first step involves identifying the various roles you want to fill. These roles vary significantly based on the needs of the client. Are you looking to augment a software development team, add front-end and back-end developers, or perhaps require a full-stack developer?
Determine the Required Skill Level
It’s fundamental to understand the skill level required for each role. Titles alone can’t determine the pricing as skill requirements for the same titles might be different according to the specific tasks. A junior, mid-level, senior, or expert professional will have different hourly rates.
Calculate Hourly Rates
After understanding the level of expertise needed, you can calculate the hourly rates for each role. Pull the market standard rates for those profiles and evaluate them according to your and the client’s budget.
Consider the Project Duration
The pricing will also depend on how long you think the staff augmentation will need to last. The longer the project, the more it will cost.
Include Additional Costs
Do not forget to include indirect costs in your price. These might include recruitment costs, onboarding costs, training costs, infrastructure costs, and any other overheads. Here at Synapse Team, we offer competitive and transparent pricing for our staff augmentation services. Our pricing strategy takes into consideration the project’s duration, the requisite skill sets, and the level of expertise needed. As we have a diverse and versatile team of professionals, we allow our clients to choose a model that best matches their financial constraints and project timelines.
Why Choose Synapse Team?
Hiring a dedicated team from Synapse Team means you’ll be working with professionals who have an extensive background in a variety of areas, such as offshore software development, outstaffing services, custom software development, web development services, front-end and back-end development, full stack development, and WordPress development service. We aim to provide you with the best quality services, ensuring that your specific needs are met. To learn more about our services, feel free to reach out. Let us connect you with the best team, that will contribute to the success of your project.