Next few quar­ters will see a spike in hir­ing by IT firms

Financial Chronicle - - MISCELLANY - MINI TEJASWI Ban­ga­lore

The Indian job mar­ket will see a spike in tem­po­rary hir­ing in the next two to three quar­ters, as most tech firms would be look­ing at flexi staffing ar­range­ments un­der the cur­rent un­cer­tain mar­ket con­di­tions.

En­ter­prises, in the next few quar­ters, won’t be able to grow their ex­ist­ing per­ma­nent base much (ex­cept for spe­cialised tal­ent and po­si­tions) as they would pre­fer to stay lean in a volatile en­vi­ron­ment, said Indian Staffing Fed­er­a­tion, apex body of flexi staffing in­dus­try in the coun­try.

Ri­tu­parna Chakraborty, pres­i­dent of the fed­er­a­tion said, the IT sec­tor will not see much direct hir­ing in the next cou­ple of quar­ters, in­stead a sig­nif­i­cant de­mand for tem­po­rary staffing is ex­pected from the in­dus­try.

“The very na­ture of flexi staffing is to sup­port com­pa­nies when they are in cri­sis or when they have a sud­den, ex­cep­tional de­liv­ery re­quire­ment in hand. Also, when­ever there is eco­nomic un­cer­tainty and mar­ket tur­bu­lence, com­pa­nies in­creas­ingly opt for temp hir­ing as it re­duces over­all cost and risk in­volved in han­dling bench staff,’’ said Chakraborty.

Per­ma­nent hir­ing nat­u­rally be­comes tough when the go­ing it­self is tough. Com­pa­nies won’t be able to of­fer ca­reer path to em­ploy­ees hired dur­ing dif­fi­cult times. So tak­ing the flexi route gives com­pa­nies the abil­ity to cover risk and flex­i­bil­ity when it comes to han­dling project-based as­sign­ments, she added.

Ac­cord­ing to BV Naidu a se­nior tech­no­crat and in­dus­try ob­server, tem­po­rary hir­ing helps com­pa­nies stay com­pet­i­tive and nim­ble footed, and that’s what Indian tech firms now re­quire to tide over the cur­rent cri­sis.

Small and large com­pa­nies us­ing dig­i­tal tech­nolo­gies like ar­ti­fi­cial in­tel­li­gence, ma­chine learn­ing and block chain are also likely to hire tem­po­rary staff to re­duce risk in a chal­leng­ing en­vi­ron­ment, said Naidu who owns Af­flu­ent Global Ser­vices, a Hy­der­abad-based staffing firm that spe­cialises in Mi­crosoft tech­nolo­gies.

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