The advent of the COVID-19 pandemic has brought drastic changes in the way we work and corporations accomplish their projects. Be it an SME or an outsized enterprise, every company under the sun has hit hard thanks to social distancing and lockdown-like situations. Many startups and established organizations face a cash crunch worldwide amid a recessionary economy. As we are still struggling against the pandemic, companies must conserve cash.
Companies, regardless of their size and scale, prefer temporary or project-based hiring to save lots of money. HR consultants are of opinion that demand for temporary hiring may surge as companies wouldn’t want to rent employees for the complete time within the next 12 to 18 months. Simply put, contractual staffing will become a norm within the Post-COVID era. Let’s dig deep into the explanations why you ought to specialize in contractual hiring for your company.
Major Reasons Why you go for specializing in Contractual Staffing in Post-COVID?
1. Higher Flexibility and Scalability–
A flexible-workforce is very scalable as you’ll easily proportion your team to satisfy the growing business demands. it’s particularly important to face the post-COVID era when the economy will get revived gradually.
2. Cost-effective Option–
Hiring staff on a contract basis can assist you to scale back recruitment and turnover costs while avoiding any bad hires. Some reputed placement agencies also offer the power to rent a temp to perm option.
3. Regulatory Compliance-
it’s easy to manage the wants of labor laws, minimum daily wages, and other prevalent standards for the workforce with contractual hiring. Legal and regulatory compliance is one of the most important benefits of temporary staffing.
4. Hassle-free Process-
The hiring agency takes care of finding talented resources and arranging interviews. Be it short-term project-related hiring or hiring of consultants to urge the expert with specific skills, contractual staffing services are always useful.
5. Smooth Onboarding-
Most placement agencies conduct hiring and training processes, As a result, you’ll expect a smooth onboarding of the contractual staff. What’s more, of these hirings have legal compliance.
6. Save on Perks-
For contractual staff, there’s no got to give perks including insurance and provident fund (PF). In a way, companies can economize that they can’t save within the case of permanent employees.
Legal, finance, and IT sectors are a couple of of the noteworthy sectors that are trying to find contractual hires between 6-12 months period. Some companies also hire medical professionals on a contractual basis to supply psychological and medical assistance to their employees during this turbulent time. we will certainly expect this trend to continue for the approaching years.
Concluding Lines
There is no exaggeration in mentioning that contractual staffing has gained ground recently like never before. All because of the pliability, volatile market conditions, cost-effectiveness, and changing socio-economic situation, companies need to specialize in contractual staffing within the post-COVID era. Contractual or temporary staffing solutions not only assist companies to create the specified workforce but also remove hurdles and extra expenditure in hiring the staff.
KAPSE Business Solution is one of the foremost reputed and renowned contractual hiring companies in Pune. we provide cost-effective and efficient contract staffing services to varied organizations. Our reliable temporary staffing solutions bring flexibility and increase productivity while keeping you free from any regulatory hurdles. If you would like to understand more about our range of placement services, simply send us an email at HR@kapse.net and we’ll revisit to you soon!