Hiring individuals on a contract basis allows firms to maintain relevant staff levels and retain available talent, while reducing costs as they are not obligated to spend on benefits such as insurance and provident fund
Companies, including small and medium enterprises (SMEs), are looking to hire professionals on a temporary or project basis to conserve cash. Demand in temporary hiring has risen three-to-four fold and may surge as employers would not want to hire full-time employees in the next 12-18 months, said HR consultants.
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Mohit Rampal, consultant for a mid-sized cybersecurity firm, recently posted his requirement for developers on a job searching platform. In any other year, Rampal would have preferred ‘hiring’ these developers. But in 2020, he can only afford them on a contractual basis.
“Demand for solutions around CRM, data mining, artificial intelligence, remote cyber management, etc. has gone up and companies are looking for contractual hiring,” says Rampal, a cybersecurity evangelist and consultant with Ramognee Technologies.
Source: livemint
