It’s a hard fact to say that 2021 and even the first half of 2021 was also a tough year to travel through – especially for the employers. The deadly pandemic has brought in huge amounts of irreversible disruptions, and the trends accelerated by the pandemic are likely to reshape the employment space in the long term for sure.
Now, the 3 W’s that affected highly with the pandemic are : Work, Workforce and the Workplace!
It’s tough to accept and bring them back even when the crisis has subsided.
Take a look at some of the stunning trends that will be visible in the Indian Landscape in 2021.
The Major Setback from Permanent to Temporary staffing
The pandemic like Covid-19 has been urging the companies to turn to Contracting Business or Staff Augmentation, including offshoring – a trend that was also seen during the financial recession of 2008. Today, we are seeing increased demand for Contract Staffing across industry sectors, including BFSI, IT, ITeS, Telecom, Infrastructure, Engineering, Pharma, E-commerce and Logistics.
The reason being to be the best among the cost cutting modes when the businesses are already struggling with the pandemic.
Today, businesses have clearly understood the benefits of hiring employees on contract, especially on-field and remote workers,, workers in their manufacturing unit and counter sales personnel, as contracting gives the business the flexibility to target specific geographies as they deem fit.
Hybrid Work Model – A Boon for Businesses
“Go Digital” has been clearly accomplished across the globe with the pandemic. The Remote Work model was already in existence by then! Most importantly in the IT sector for the contract employment. Now going forward what can be expected is that about 30-40% of IT staff would prefer Work From Home models with more flexibility. But do you really think it boosts the productivity ?
Let us know in the comments!