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IT companies in India are increasingly making use of flexible staffing solutions, the National Association of Software and Services Companies (NASSCOM) said. Although the organisation expects IT firms to hire fewer regular staff, flexible hiring has risen in popularity.
Estimates from the Indian Staffing Federation (ISF) found that hiring of temporary staff in the IT industry has grown by +30% in past six months, beating the industry average of around +20%.
“Flexible hiring in IT is exceeding the hiring numbers of the overall (all industries) flexi-hiring market as there is lot of uncertainty in the IT industry,” Rituparna Chakraborty from the ISF told the Hindustani Times. “The strategy helps to beat margin pressures, maintain lean benches and also facilitate just-in-time hiring in a highly volatile market.”
“As demand cycles are becoming more unpredictable and cost structures are rising rapidly, the HR practices are transforming,” said Alok Bhardwa from the manufacturers' association for information technology (MAIT). “The trend in IT industry is enraging as short service commissions - jobs for duration of 5 years.”
The Indian staffing market is rapidly growing, but trade bodies have increasingly called on more regulations to improve labour market conditions. Subscribers to Staffing Industry Analysts’ research can access a snapshot report on the Indian staffing market here.