Project Report For
The project report for HR agency is as follows.
At a period whenever the information technology market is growing at a quick speed, the Indian IT staffing market is projected to increase at 14-20% per year over the next several years. As per the Indian Staffing Federation (ISF) study, the Indian IT flexi staffing market is worth USD 3.04 billion in 2017-2018 and is anticipated to increase significantly from across country’s top regions and industries by 2021. Staffing-a internationally developed method of outsourcing-is yet to be accepted and embraced as an efficient means of operating a company in India.
The staffing industry offers a forum for acknowledged jobs, choice of job, and even wages, annual rewards and medical benefits for temporary workers, which represents a large portion of India’s total workforce. The penetration level of the labor force in IT with regard to the entire IT workforce in India is 5.6%.
Market potential & Strategy
Indian IT personnel industry was valued $3.04 billion in FY 2017, according to the Indian IT Staffing Industry Landscape survey. It’s collected by KPMG on account of the Indian Staffing Federation (ISF) and illustrates the size and position of the IT staffing business in India. Staffing-a globally developed method of outsourcing-is yet to be accepted and embraced as an efficient means of operating a company in India. The IT staffing industry is the largest competitor to staff numbers in India. The IT industry is also at the point of a major transition with the advent of emerging technology, like artificial intelligence , machine learning, cloud, analytics, the Internet of Things, etc.
The desire for specialized skills for emerging technology and the fulfilment of immediate business needs are also the two important factors which will improve the recruitment of the employees. By supporting a business of more professional employees, we will win the market much better. The business had a very strong vision of the new workforce pattern, in line with the current criteria in the IT field.
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