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Here’s why contingent workforce makes the best of tough economies
It’s a vibrant and global workspace where an organisation’s efficiency is directly linked to its ability to attract an energetic and productive workforce. The challenge, however, is that the “one size fits all” method will not suffice when hiring your workforce. Companies need differentiated hiring solutions that meet their specific goals, project demands, and market conditions.
Whether you want to bring in temporary resources for a short-term project, or hire permanent employees, or for effective recruitment process, you need the right strategy. Solutions comprising Contingent Workforce, Direct Hiring, Recruitment Process Outsourcing – RPO, Hire, Train, and Deploy (HTD), and Managed Service Provider (MSP) model help shape your workforce towards the fast pace in the world today.
Contingent Workforce: Flexibility at Its Finest
Business needs for many firms vary by project cycles, seasonal demands, or a bandwidth crunch in specific areas on a non-permanent basis. For this, contingent workers can serve as a perfect solution. This category consists of contractors, consultants and temporary workers, and even freelancers who are hired to meet a short-term need with no long-term commitments, up to even task-by-task gigs!.
The beauty of a contingent workforce is its flexibility. Research has shown that 40% of the workforce in the U.S. is now composed of contingent workers, and more firms are now increasingly depending on them for agility in fluctuating markets.
Key Benefits:
- Secure talent cost-efficiently when needed
- Agility: Easy and quick Onboarding and offboarding to meet project demands.
- Specialised skills: ease of getting experienced candidates with the appropriate skill set required for the job role.
Explore Antra’s contingent workforce solutions to get your business goals set and have clarity on what and where to look for.
Direct Hiring: The Key to Long-Term Success
While contingent workers are a godsend for short-term needs, a stable, permanent workforce is essential for building a company’s long-term success, whatever the industry—be it healthcare, banking, or government and public sector services. Direct Hiring[2} focuses on sourcing full-time, permanent employees who fit the company culture and have the skills necessary to drive sustained growth. A very strict selection style that enables only apt workers, in tandem with your long-term business objectives, leads to a truly engaged and motivated workforce. 84% of candidates now consider company culture when deciding where to apply, and finding the right, permanent fit is now more important than ever.
Key Benefits:
– Retention: Developing a committed, long career for the ones applying.
– Cultural fit: While hiring, evaluate what best fits your values and mission when hiring.
– Investment: Employees are more inclined towards the company’s success.
Hire, Train, and Deploy (HTD)—skilled talent that is future-ready.
Finding just the right talent is not easy. Here is where scalable talent solutions like Hire, Train, and Deploy solutions come in. Antra has one of the best HTD solutions in the industry and can prove to be really helpful in fulfilling your talent needs. Why go for HTD? This model focuses on hiring promising candidates, training them to fill in-demand roles, and then deploying them where their newfound skills can make the most impact. This approach is ideal for companies requiring employees with certain technical skills.
Key Advantages:
Customised training: Your employees will have exactly the skills you need, along with the required experience – How cool is that!
Reduced time to hire: The strategy should be to focus on recruiting potential and developing talent rather than to hunt for “the perfect one”.
Scalability: Its always good to develop a talent pipeline that can serve the future demands of the projects.
Recruitment Process Outsourcing (RPO)—Completely Professionalizing Recruitment
Recommending and recruiting is an awfully lengthy, extensive, and expensive procedure. Recruitment Process Outsourcing, or RPO, is an excellent alternative for all such obstacles. There are many recruiters out there who are willing to recruit in your stead, but only very few take complete care of all the legal procedures, paperwork, background verification, interviews, and onboarding (and even a smooth off-boarding, if required). So it is always better to do thorough research, lookout for reviews, and find out all you can before entrusting your recruitment needs to a service provider. With top-notch RPO services[4], your HR manager can focus on core functions while recruitment is taken care of by a team of experts.
Key Benefits:
Efficiency: Up to 40% off time-to-hire and reduced efforts
Savings: Avoid the overhead of an internal recruitment team.
Talent access: Leverage your global community to source the very best talent.
MSP: Fully Managed Service Providers
From mere sourcing and vetting of contractors for work to compliance issues and processing payroll, it includes all the extraction procedures that go with contractor management. Managing the recruited contingent workforce is a whole new task all together. Companies will have a holistic overview of the workforce with an MSP, which would translate into driving better control in the areas of cost, compliance, and productivity. The MSP model offers access to a greater talent basin while securing alignment between your workforce and business objectives.
Key Benefits:
Full visibility: better understanding of the performance and costs of your workforce. Compliance management: comply with the law in labour matters.
Vendor neutrality: get the best talents from all sources without any bias.
Better workforce management: Learn more about the Antra’s specialised MSP services to have a complete view of what benefits you can reap from a recruitment service provider.
A competent workforce solution that fits your business does more than just filling positions. It secures the right talent for your job role while giving a long-lasting career to them. Whether direct hiring, complete RPO, or a contingent workforce with MSP, each model brings unique advantages that will help businesses grow.
We equip you with the resources, approaches, and tools that will keep you future-ready. Contact Antra today to explore the solutions that your business needs
