There is this particular misconception that contract-based jobs or Contract Staffing is not the right way to work as there are various problems that often occur in contract jobs. But the full-time office job is not for all employees and all recruiters may not be in need of full-time employees especially in the IT sector. For such IT professionals, contract staffing is the best option. The BusinessDictionary defines a contract-based employee as “an employee who works under contract for an employer. A contract employee is hired for a specific job at a specific rate of pay. A contract employee does not become a regular addition to the staff and is not considered a permanent employee”. Contract employment is valid only until a particular duration and does not normally extend beyond that duration unless there is a renewal of the contract. These professionals were previously hired only when there was a need. But the trend of the day is such that most companies are hiring people on a contract which can last from months to even years. The sole reason if the growing trend of job-hopping.
Employee loyalty no more expected nor should it be expected by the recruiter or the employer in the IT sector. Most young tech professionals these days have acknowledged the trend of shifting from one job to another in search of other factors than simply salary. For this reason, employers or IT recruiters have taken shelter to contract-based jobs which makes it mandatory for the contract-based employee to stay in the company till the contract period expires. Long-term tech employees, on the other hand, pose a threat to the company as it is more difficult to retain them as they are not bound by any contracts as they are so high-in-demand. Now, there are several benefits of contract staffing that make it the new trend of the day. So, let’s discuss the advantages of opting for contract staffing:
When you are hiring tech candidates you invest a lot of money on them not only for the selection process but even on their training and coverage of prospective errors. Now when the full-time tech talent is poached by other companies or is dissatisfied with his/her tenure in your company, they tend to leave the job. Retaining your tech talent is quite a challenging task as then you need to add more perks and raise their salary in order to retain them. With contract-based candidates from contract staffing agencies, you do not need to think about the financial drain you normally experience with your full-time tech talent. The simple reason is that even though the contract-based tech talent may not be otherwise satisfied with his/her job, they are bound by the contract they signed to remain your employee. Also, your competitors will not poach your contract-based tech talent because they do not want to get involved with legalities.
If you are in need of a particular developer or data analyst for only a specific amount of time to develop or work on something temporarily, then contract staffing is your best option. In this case, you do not need a lengthy hiring process as s/he needs only a particular skill to help you out temporarily. Most contract employees have a particular skill set and they are called for hiring in different companies based on their particular skill set. Above that, you do not need to make heavy decisions as they are temporary. This process takes much less time than recruiting full-time tech employees.
Your full-time tech talent needs time to settle in and it may cost you weeks of unproductivity initially since they are probably here to settle down and for that, one needs time to become company culture fit. The company also agrees to give them the necessary time to fit in, because the company also expects its new tech talent to settle down in the company for a longer period of time. This will definitely not be the case with contract-based tech employees as they will not take much time to try and fit in with your company culture. As they will be on your working floor for a fixed period, you as an employer should expect the employee to start giving his/her hundred percent input and aim solely for your company’s output. You also cannot judge them if they are not much interested in company celebrations, as they only want to play their part for which they have been hired temporarily.
Most successful tech leaders were hired as tech employees on a contract basis. They have work profiles in various companies as temporary employees and that is how most of them made their mark in the tech world. Tech companies are more interested in retaining employees even if they are hired initially on a contract basis. Thus, as a result, when the contract ends, the contract-based employees are given the opportunity to become permanent full-time employees. This is primarily because contract-based employees are bound to prove their excellence during their contract period. Once the contract ends, they can get perks and a rise in salary like the permanent employee and this technique brings a fresh approach to retaining existing employees.
If you have suddenly experienced a breakdown in the company and you need a new member on board who will take over the responsibilities for a specific amount of time, you should start hiring contract employees who will be able to take the place of your previous tech employee. The quality will rarely vary and that is because you are hiring highly experienced candidates who already have vast experience in taking over someone else’s job temporarily. So, in case if you are hiring or thinking about hiring a contract based tech candidate, you can expect the candidate to have years of experience in handling someone else’s job.
Another major factor that contributes to the advantages of contract staffing is the flexibility factors of contract-based tech employees. These candidates are ready to take on any challenges, work in different locations, and they do not give priority to vacations and other holiday-related factors. This is because they are mostly hired for a specific reason and it is their aim to finish their work within the deadline so that they can renew the contract or look for new contract jobs before their term expires.
You as a recruiter can take advantage of all these factors where you can easily retain your contract employees, you can expect a well-experienced candidate, shorter hiring process, faster action, flexibility and etc. The trend of the day is Contract staffing and it is always recommended that one always stays updated with the latest trends of the day in the technology sector.