Is staff augmentation right for your business?

 We all have been there. You are on a significant development project with your people, and you all keep bumping into the same obstructions. Even though everybody putting their efforts into the project is enormously intelligent, you still need to gain the instrumental skills necessary to launch your product in the market. One of the most affordable and easiest solutions is integrating staff augmentation into your workflow. A good and experienced staff augmentation services provider, can help you connect to an ever-growing pool of trained and experienced workers. These workers possess the required industry skill sets and experience to ensure a streamlined workflow. 

Here are four ways staff augmentation can accelerate and enhance your business:

Set scalability needs

As you operate your business, the challenge of scaling is always looming. Hiring local workers might not be financially ideal based on the scope of the project your team is currently working on. However, reputable and experienced staff augmentation companies make it feasible to match third-party talent to offer to support your current team. Staff augmentation is an excellent way to expand your team so you can effectively manage your workload. 

Find specific skill sets.

It is often challenging to find the right hire, especially in a strong field such as IT. Outsourcing has gained worldwide popularity in helping businesses add critical skills to their project. You could identify specific requirements through staff augmentation and find employees who would excel at those tasks. 

Reduce costs

Staff augmentation is less costly than recruiting local talent. When it is challenging to predict how much money you are likely to save during the project development process, most organizations have made cost reduction one of their top outsourcing goals. 

Enhance productivity

The right team could optimize all your current projects and present solutions you might have yet to encounter previously. For you are now able to maintain your project or projects, you can ensure that the third-party workers adhere to the process systems. Also, with the right team onboard, you will be able to improve your product's life cycle. Instead of solving the problems in-house, consider staff augmentation services to get closer to the project goals. 

Is staff augmentation right for you?

The gist of the story is staff augmentation is an ideal choice for mid-to-large size organizations looking to expand their realm efficiently and successfully. 

Technology and Skills are what sets staffing companies in India apart from other options

 Some statistics regarding staffing companies in India 

 

In general, the staffing industry has increased in importance in the last decade. 77% of millennials according to statistics are planning to increase the use of staffing companies in the next five years. According to an ISF Annual Report in 2021-2022, the employment for general staffing increased by 21% and it added 0.15 million to the formal workforce while the others were added to the IT and other professional services. In other reports, it showed the numbers increase further and it keeps increasing with upcoming years. The importance of staffing companies in India has increased due to the fragile economic structure of the country. A large number of options have opened up in the Labour industry and have given incentives for employees to take up opportunities at the drop of the Hat. 

 

Understanding the value of staffing companies in India by assessing global demands

 

We live in a globalized world where the impacts seen in one country will affect others. To understand the value of staffing companies in India it is important to analyze some of the statistics related to other countries such as America. 

 

1. In 2021 American staffing firms in one week supplied 3.000.000 temporary and contractual workers.
   
   

2. Every year the number of staffing firms has been increasing in the United States and in 2021 it was 25,000 staffing agencies existed in the country.
   
   

3. The size of the United States staffing industry is equal to 151.8 billion dollars.
    

America is known as the greatest country in the world and has been advancing even during times of recession. The Industry in India has also grown exponentially after the pandemic. The industry has provided employment to a diverse population and flexible work opportunities for both women and men. The industry caters to the top sectors such as IT, edutech, eCommerce, Pharma, etc. 

 

Advantages of using staffing companies in India 

 

Some of the best staffing companies in India provide exceptionally skilled and trained professionals who are suited for specific projects. The main advantages are:

 

1. Hiring speed – You can hire someone within a short period without disrupting the workflow. The staffing company will have a large pool of candidates already available for your consideration. They will do the hiring process by selecting the best candidate suited for the job.
   
   

2. Freedom from legalities – One of the greatest advantages of using a staffing company is not being bothered about taking care of legal compliances. The staffing company will do all the paperwork and provide you with all the completed forms in relation to recruiting temporary staff. Taxes will be calculated according to the salaries and everything will be taken care of by the external staffing companies.
   
   

3. Flexibility – You can be flexible with the period you hire the staff. The temporary staff member could be hired for both short-term and long-term projects. This will give you greater visibility of the performance and assist you to make proper decisions. 

 

 

In 2023 reducing overhead costs and increasing revenues will be the main aim for most companies. Staffing companies in India can therefore help you to organize your responsibilities and reduce risks in business.

Payroll outsourcing services market is expanding with flying colors - Understand the whys and hows!

 Payroll management outsourcing is when a company uses an external resource to handle the compliance and administrative tasks associated with employee pay. Based on the payroll outsourcing firm, this might include making payments and filing payroll taxes on behalf of the organization. Most organizations opt for outsourced payroll services because of the time-consuming manual nature of these tasks. This payroll automation enables payroll managers and HR to concentrate on more strategic tasks in their organizations. 

Payroll management outsourcing allows the company to focus its attention on core business by taking on all the payroll-related activities under its belt. In addition, payroll outsourcing cost lowers the dire need for training the payroll staff. It, moreover, removes the cost of purchasing and maintaining an expensive payroll system for in-house-based operations. Furthermore, it eliminates the cost of buying and upkeeping an expensive payroll system. Hence, these factors push the growth of the payroll outsourcing market. Upgradation in the payroll outsourcing services by a provider to become more efficient is likely to ensure lucrative growth opportunities for the payroll outsourcing market forecast period. 

Has there been any COVID-19 impact on the payroll outsourcing market? Analysis!

The COVID-19 pandemic has had a constructive impact on the payroll outsourcing market as most businesses were functioning remotely; therefore, it was challenging for payroll professionals to work on the compliance regulations related to payroll. Most organizations, therefore, shifted their focus to payroll outsourcing companies for dealing with their payroll-related activities. In addition, as there was a high chance of the virus spreading, payroll outsourcing limited face-to-face interactions among employees and employers. Hence, the pandemic had positively impacted the payroll outsourcing market growth. 

The final words

Payroll management outsourcing services market size is to grow by USD 6.15 billion - as per PR Newswire’s (Cision) report. The ever-growing need to manage the expanding workforce is expected to play an instrumental role in driving the demand for efficient payroll companie's  outsourcing services, eventually benefitting the market. 

Top 4 qualities of successful staffing companies in India

 Finding and settling with the best staffing company in India is key to ensuring that you have the ideal candidates for the job on offer. You must start by finding the best staffing company for your recruits to be the best fit. Recruiting is undoubtedly one of the most challenging tasks, especially when your recruitment professionals are unsure if they have got the right candidates in the waiting room for the interview. Staffing companies are a better choice because they are dedicated and have access to the most extensive and growing pool of talent. The recruitment process is time-consuming and tedious, especially if you're seeking specific skills. 

You will find many companies that provide staffing solutions; however, if the most ideal staffing service in India is what you seek, specific characteristics need to be paid heed. Let's elaborate on certain qualities a staffing company must have to be deemed the best. 

Ability to build a relationship

Hiring needs connection-building with people. If an organization considers being effective in hiring people, they need people with people management skills. It's often seen that recruitment professionals make efforts to have a friendly bond with their clients. This further ensures that the clients will likely collaborate with you for a long time. Friendly and cordial relations encourage the candidates to voice their opinions and ideas without hesitation. 

Flexibility

A good and successful staffing company requires more flexibility to overcome disappointment and crises and be back on track with fresh zeal. They are expected to rebound quickly and also ensure that they learn a lesson from past experiences. Instead of jumping to conclusions, they must demonstrate strength and pass through the phase with utmost courage. 

Effective communication skills

A good staffing company must have outstanding communication skills. This will further ensure that they draw in the best-fitting candidates. An experienced and best recruiter makes candidates realize their value in the prospective organization. People in the staffing company are often smooth talkers and great listeners. 

Adequate knowledge

The most ideal staffing company always stays on top. They must know the organization, their specific requirements for the candidates, and similar details. Hence, ensuring that adequate research has been done will only attract the best-fitting candidates for the job. 

Conclusion

You must know what you are looking for in a candidate and pass it on to your staffing company because any communication gap between you and your prospective staffing company in India might make or break the entire staffing process, no matter how experienced and reputable they are. 

Accelerate your hiring process with a staffing software company

 The global staffing software solutions market stood at US $390.9 million in 2021 and is projected to become a US $772.8 million industry by 2029, according to Fortune Business Insights report. Staffing software has witnessed a colossal rise in demand as staffing firms use them to source, recruit and track candidates throughout the recruitment process. candidates are hired across three categories by staffing companies: temp-to-hire, contract employment, and long-term and short-term staffing. This software is designed to provide brilliant characteristics, such as adaptability and scalability, that further help track the candidates, contributing to the industries' development opportunities. 

Staffing software is designed to solve issues such as untimely communications or feedback from the interviewers getting lost in the process. When you automate your recruiting process, from source to onboarding, you experience the most streamlined staffing process with an assurance of quality talent acquisition. 

Below are the 4 key benefits of staffing software solutions:

Reduce time to hire

The primary advantage of integrating staffing software into your business operation is to simplify the hiring process, shrinking the time between posting a job vacancy and filling out an employee's exit form. An employee's entire employment cycle can be managed without involving an HR professional who can now contribute their time and intellect to building a more sustainable human resource department. 

Improve the quality of your hire

Once an HR professional is released from a manual hiring task, they get to focus on the value in-depth - add more elements of their job to improve the quality of the candidate being hired. One of the many crucial steps in hiring is sourcing - job boards, scouting, events, etc. Using staffing software, HR professionals can optimize messaging for where they source candidates from while still upkeeping a level of standardization and consistency, thereby bringing in more prospective candidates that are qualified and experienced for the open position. 

Monitor end-to-end recruitment process

Organizations that employ staffing software in their business operations perform high-volume hiring efficiently. The most advanced staffing software features an applicant tracking system that allows recruiters to monitor hires across different departments. The tool also enables HR managers to retrieve relevant information about prospective candidates on the spot. 

Improved internal communication

HR managers can efficiently communicate with candidates across a variety of departments to ensure their interview availability. Other hiring panel members are also allowed access to the system to check the candidates' resumes. 

Implementing a state-of-the-art staffing software into your business operation ensures efficient talent acquisition and a streamlined employee management system. 

Understanding why HR software is a boon to business of any kind and size

 Just as the COVID-19 pandemic had forced businesses to operate remotely, it had as well given a rise to HR software solutions investments. This is definitely because most businesses across the globe have made peace with the fact that manual methods or tools do not support work from home setup. Now, businesses across the world were quite ahead with the utilization of digital tools in various worlplaces even before pandemic, however things have moved a little further now. To speak the truth, this happens to be the only good thing that had happened in the past year. 

Since human resource management software is aiding every industry, it's imperative for you to understand the system. Having said that, let's take a close look at this article and understand everything about HR software solutions.

Definition

HR software is an automated tool designed to optimize and manage HR operations and the overall objectives of the organization. Such system helps HR professionals to delegate their resources and also time to be more efficient along the way. 

Below are the advantages of HR software solutions:

Saves time

Someone wise once said, Time is Money. While this saying applies to almost everything we do on a daily basis, it as well applies to HR management and functions. The HR department has to invest a large chunk of time in one process, for example attendance or payroll, whereas they could have utilized this time in optimizing other processes that could benefit the organization in the long run. Today, the biggest challenge is outdated HRM tools and practices. Since they require an ample human intervention, HR managers abruptly waste loads of time and energy as well. This is when HR software come in handy. HR software does everything on their own, hence enabling HR professionals to pay attention to other crucial revenue-generating practices. 

Streamlines tasks

In a conventional office setup, human resource professionals are supposed to browse through massive piles of papers or go through long spreadsheets in order to pull off crucial tasks. Both ways, things usually get acutely intricate for HR managers on a daily basis. The most efficient solution to this challenge is investing in HR software. HR software come with user-friendly interfaces that would help HR professionals streamline and complete their tasks in a matter of a few clicks. 

Empowers employees

To manage employees is one of the critical yet difficult tasks. If done manually on a daily basis, this very process could be much time-consuming and challenging for the HR managers. HR software, on the other hand, will make this task streamlined and easier for the organization. This kind of software is developed with features such as employee self-service or ESS. The employee self-service feature ensures that employees are authorized to do several tasks on their own. From checking their attendance to updating information, they will be able to perform a host of tasks without having to involve any third-party.

A sharp growth rate in demand for flexi staffing solution witnessed post pandemic

 

The staffing sector has added 21.9% new employees in this fiscal year, which subsequently has stretched the workforce demand in these post-pandemic times. In comparison to the year 2020-2021, the demand for workforce in 2022 grew at a standard 3.6%. 

E-Commerce, FMCG, healthcare, manufacturing, banking, retail, and logistics have driven the demand for third-party staffing services, such as staff augmentation solutions. Because of these sectors manifold  A report by Flexi Staffing Industry Annual Report 2022 reveals that the demand for new workforce has evidently doubled up in the IT staffing industry with a very sharp leap of 30.7% in Fiscal Year 2022, as compared to 14.1% growth in the Fiscal Year 2021. The report also reveals that the digital adoption of work has given rise to the demand in the IT workforce. Furthermore, for the future, the report predicts that IT/ITeS, fintech and IT-infra are promising influence to have the staffing demand continued. 

The latest employment for general recruitment grew at 21%, adding 1,57,000 lacs new workforce. General recruitment contains flexible staffing across various industries and job roles except for IT and other professional services. 

The Fiscal year 2022 has proven to be exceptional for the flexible staffing sector. The precise return of workforce demand, rising to 21.9%, is a loud and clear indication that both employees and employers are putting in their best efforts to bridge the innovation gap caused by pandemic over these past 2.5 years. 

There is a revived confidence witnessed in global economic growth with the growth of workforce demand exceeding that of the pre-pandemic years. 

The staffing trends clearly reveal the sharp growth rate in flexi work. Flexible working facility continues to positively change the lives of millions along with their families as it ensures livelihood and stability. Also, flexible workforce is expected to be slowly absorbed as the permanent work mode. 

To avail the most efficient and tailored flexi staffing solution, choose only the best staffing services company in India.