IT companies face a margin squeeze and a new global environment where increasing protectionism could increase their cost of doing business, according to HR specialists.
In a departure from traditional practices, many IT companies are experimenting with just-in-time or contract hiring. According to a recent report by Economic Times, Pune-based Persistent Systems included several freelancers and consultants in a team that worked on a short-term project. The report also said other top Indian IT companies, including Infosys and Wipro, are exploring the idea. “There has been an uptick in interest in contract hiring in IT companies. Contract staffing/just-in-time hiring is relatively gaining popularity amongst technology companies in India,” said Alka Dhingra, AGM of IT Vertical at TeamLease Services.
