The inception of the Information Age in the late 20th century initiated an epochal change from a traditional industrial-based economy. It marked the introduction of the information technology (IT) and started a revolution worldwide on social and commercial levels. Starting from the transistor’s invention in 1947 and fiber optic communications in the 1970s, the concept of information technology has now come a long way in the modern world.
Information technology has changed the way we live, work, and play. It has influenced human life and made it better, easier, faster, more convenient, and more efficient. Things went on to the next level with the invention of the internet in the early 1980s. Since then, the world has not been the same again. Information technology took the world by storm and has become a lifeline for businesses across industries.
Unfortunately, concurrent global events in this decade concerning high inflation rates, the possibility of a recession, and talent shortages have adversely affected the economic positioning of organizations and brought IT under uncalled scrutiny. The economic burden has forced many organizations to cut their IT budgets and freeze the recruitment of IT employees. While many companies have embraced technologies like automation and artificial intelligence, many startups as well as bigshots have laid-off IT employees in their efforts to enable cost-savings. For instance, a report by CrunchBase claims that no less than 52,000 workers lost their jobs in the US technology sector (as of late October 2022).
It is unfortunate to understand that the Information Technology sector – which was once a haven of opportunities – has now become a hub of layoffs amidst economic uncertainties. Nevertheless, every cloud has a silver lining, and this one has too – which is known as IT staffing.
Information technology staffing or IT staffing is a staffing approach that focuses on finding top talent or professionals who possess appropriate skill sets and can complete software-related tasks according to the client’s requirements. Simply put, it is a systematic implementation of an HR plan that involves finding, evaluating, selecting, and recruiting suitable IT talent for filling various roles in an information technology department.
The IT world is changing daily as new specialized technologies hit the market every then and now. Working with a new technology requires new skills and makes old skills obsolete. For instance, in earlier times, data managers put in manual efforts for managing business-crucial data. However, the advent of technologies like automation minimized the need for manual efforts and automated the whole data processing system – from collecting to storing and processing data sets. This technological shift made the skills of old data managers obsolete and increased the need for talent who understands the know-how of automation.
Since allocating efforts for finding new talent may cost a fortune for the company, considering the staffing option makes more sense. However, IT hiring is a skill on its own – given the complex nature of the IT industry. Working with a hiring recruiter is not enough as one needs a technical staffing expert who understands the nuances of the IT industry and the technical skills required for the job.
Global staffing firms find perfect candidates for permanent, temporary, and contract roles. For instance, a report by American Staffing Association suggests the staffing industry provided job and career opportunities for 16 million employees every year before the pandemic and about 13.6 million during the pandemic. The report also suggests that staffing clients turn to Global Staffing Agencies to carry out workforce transformation, achieve workforce flexibility, and get seamless access to top talent. Some of the other benefits of IT staffing include:
The above-mentioned are some of the most prominent benefits that make working with a global staffing company a significantly better counterpart to hiring a full-time employee. Moreover, IT staffing has become a very viable option today – given the current economic headwinds and social and cultural shifts worldwide.
As mentioned above, various concurrent events have leveraged Information technology companies to change their policies and take measures to adjust to the changing working environments. While some are putting their digital transformation initiatives on hold, many are cutting ties with resources to stretch their bloated IT budgets. However, IT staffing is a holy grail that can help you progress in these unprecedented times. In fact, it becomes highly relevant due to the cost and developmental benefits associated with it.
A report by Grand View Research suggests that the global IT professional services market stood at $777.28 billion last year and is projected to grow at a CAGR of 11.2% during the forecast period 2022-2030. In another study, Gartner anticipated that the Global IT services market will experience year-on-year growth of 7.9% and will reach a market valuation of a staggering $1.3 trillion by the end of 2022.
This significant boom in the IT services market has eventually increased the demand for skilled IT talents. The advent of new and innovative technologies surges the demand for employees with the latest skills, and staffing goes a long way toward fulfilling it.
Pyramid Consulting, Inc. is a leader in the staffing industry and specializes in IT global staffing, technical staffing, and workforce transformation. We are a global staffing company that connects top talent with industry-leading companies and offers a full range of services to clients, from innovative startups to Fortune 500 and 1000 companies across multiple industry verticals. We assist companies across many geographies with their talent requirement and deliver best-in-class services utilizing the latest technology and subject-matter expertise.
With over 26 years of experience, Pyramid Consulting is one of the most reliable sources of the best talent – recognized by the significant return on investment they deliver. We are an intentionally inclusive organization that offers services in contract hires, contract to hire, direct hire, managed teams, and employer of record domains and helps other organizations to achieve their DE&I goals. Learn more about benefits for clients.
We serve as a bridge between clients & consultants and create unlimited opportunities for skilled talent, providing them access to Global Fortune companies. Apart from ensuring industry-grade benefits, we offer training and upskilling for our consultants through our in-house initiative Genspark to keep their skillsets current. Learn more about benefits for talent.