Lately, we have all been forced to confront the harsh reality that the global economy is facing a major downturn, which is having a significant impact on the IT industry. The pandemic had suddenly spiked the demand for IT and IT-enabled services, engulfing the sector in a bullish hiring race, even with outlandish pay packages. Between the world opening up slowly, the Russia-Ukraine war, and the resulting supply chain snags, the demand for goods and services have taken a hit, and many businesses are struggling to stay afloat. In response, many companies in the IT sector are being forced to lay off employees in order to cut costs and stay financially viable. The layoffs are affecting a wide range of IT professionals, from software developers and engineers to IT administrators and support staff.
In fact, in the last few months, most IT giants like Alphabet, Microsoft, Meta, Amazon, Twitter, and Salesforce have been in the headlines for laying off entire departments and closing down offices. The situation is likely to be even more challenging for smaller IT companies and start-ups that may not have the resources to weather the storm. Businesses that have been forced to lay off teams are now under immense pressure to meet deadlines and deliver projects on time.
One way that companies can keep up with these demands, is by using contractual staffing. Contractual staffing involves hiring employees on a temporary or project basis, which is a flexible and cost-effective solution, vis-a-vis maintaining a dedicated team on payroll. Because companies only need to pay for the services of contract staff when they need them, this approach can help them keep labour costs in check, especially when a recession is in full swing. Additionally, because of the flexibility it offers, it allows companies to scale the staff up and down as per their project requirements, thus meeting deadlines effectively without long-term commitment or permanent hires. This can be especially beneficial for IT companies that are facing fluctuating demand for their services, as they can quickly adapt to changes in workload without having to worry about layoffs or deadlines.
Furthermore, contractual staffing also allows companies to bring in specialized expertise when needed, and also gives them an opportunity to test an individual or team, before hiring them permanently.
Taashee concentrates on being a strategic partner for organizations whose requirements range from a few ad-hoc assignments to multiple projects on an ongoing basis. We have developed flexible staffing and Offshore Development Centre (ODC) models involving dedicated teams specialized in advanced implementation and 24/7 support capabilities for Application development, DevSecOps, Cloud Services, Containerization, Database management, Middleware management, and a host of other technologies. Our experts are equipped with the latest technical skill sets in all these domains to assist and coordinate with onshore teams.
Having several years of experience working on outsourced projects, Taashee chooses the right staffing or ODC model for client organizations that best fit their requirements. In fact, our team acts as an extension of the internal team itself, while providing benefits like:
- Process alignments with onshore teams overcoming cultural and time differences
- Updated infrastructure providing the highest levels of quality and compliance
- Comprehensive information security with a focus on IP protection measures
- Tons of savings in terms of salaries and overhead