Thursday, May 26, 2022

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IT sector sees sharp increase in contractual staffing

Staffing firms have seen a surge in hiring from IT sector firms working with banking, financial services, and insurance clients and all firms which have strong IT protocols

IT sector in India is witnessing an increasing trend of contractual staff recruitment. Bringing great relief to job seekers in the IT sector, this upward growth has opened-up ample job opportunities.

Ravi Kumar Aleti, CEO at People Prime Worldwide Pvt. Ltd, Hyderabad, (The Boston Group Company), a staffing company specialized in Contract and Full-Time hiring in Information Technology and Investment Banking said, “Some of the benefits of contractual hiring for the companies are an instant hiring process, as it takes lesser processing as compared to a full time one, and if the need arises, it is easy to convert a contract job into full-time employment after assessing a person post-evaluation of the contract period”.

Market trends indicate that the contractual employees in the ITes/IT sector and the figures that grew remarkably by end of 2020 and are forecasted to keep growing.

To provide virtual or remote contract workforce, the staffing firms collaborate with the companies, thereby reducing the labour-law compliance on corporates.

Rather than permanent roles, firms are looking for more outcome-based contractual roles after the lockdowns. Staffing firms have seen a surge in hiring from IT sector firms working with banking, financial services, and insurance clients and all firms which have strong IT protocols. Skills such as Full-stack development, AWS, Salesforce, Pega, Java Full Stack developer, Cloud Technologies, React JS, Node JS, Angular and Cyber Security are in high demand.

Post-COVID, the demand for qualified and contractual employees especially for short-term projects and project-oriented work in the IT sector has risen. Making huge savings on the budget allocated towards employee-related cost without compromising on quality, companies get the edge to secure talent and skill set for the said job at a lower cost.

Furthermore, a contractual workforce benefits the organization in recent times of market unpredictability, as the workforce can always be altered as per the economy and there are fewer legal responsibilities on the part of employers and easy to manage. In case of contractual hiring, the IT sector firms can also handle labour law related compliance effectively.

Contract staffing for the job seeker brings the ability to work for multiple clients and maximizing his earnings this way.

With the market opening up after months of lockdown, this news offers fresh hope to those talents who have faced the crisis of losing their jobs in the IT sector. And if one thinks about it, by being in contract, the employees are also benefitted as it helps them obtaining knowledge while keeping the doors open for more employment opportunities.

Also read: Transformation of BFSI industry with cloud and AI combo

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Khushbu Soni
Chief Editor - CIO News | Founder & CEO - Mercadeo


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