The Latest Trend In Staffing Companies
By: YOMA Multinational
Let's take a look at some of the major trends in Indian staffing in 2021.
The Transition from Full-Time to Part-Time Employees
Any macroeconomic downturn, such as COVID-19, always encourages companies to turn to Contracting Business or Staff Augmentation, including offshoring – a trend that was also observed during the 2008 financial recession. Today, we are seeing increased demand for Contract Staffing across industries such as BFSI, IT, ITeS, Telecom, Infrastructure, Engineering, Pharma, E-commerce, and Logistics.
The Gig Economy
We are seeing an increase in gig platforms as a result of the rise of start-up culture and the growing demand for a contractual workforce among MNCs. Outcome-based work delivery platforms are becoming more popular in industries such as eCommerce, Field Sales, Marketing, Telecom, Human Resources, Hospitality, Tourism, Supply Chain/Logistics, and even IT for roles such as Content Design, Web and App Development, IT Recruitment, and so on.
IT Talent Supply and Demand
More than 75% of IT skills in demand in 2021 will be for niche skills, particularly in Cloud, Artificial Intelligence or Machine Learning, Cyber Security, Big Data, Full-Stack/UI/
HR Technology Adoption is a Priority Across Industries
COVID-19 increased the adoption of HR technologies by 30 to 40%, compared to the previous three years' slow growth rate. People processes have become more efficient and centralized as a result of HR technology tools.
Upskilling/Reskilling is becoming increasingly important.
Finally, there is a growing need for blue/grey collar workers to be upskilled/reskilled as disruptive technologies and changing market trends threaten their employability. Workers are expected to learn new skills and keep up to date on the latest automation that are changing their jobs.
Increased Emphasis on Employee Experience
HR leaders are being pushed to plan the entire employee journey so that they are prepared to face the new challenges that a distributed remote work model will bring. Jobseekers, from entry-level to senior executives, have become picky about the companies for which they work. In the new normal, the HR department is responsible for ensuring adequate team enablement and engagement.
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