Future Focus Infotech Comes to the Rescue of IT Employees with Bench Loaning
Bench in the IT industry refers to resources which are between projects and are not billed to customers. They remain on standby until they are assigned to the next project by their managers.
Bench workforce is critical to nurture for any growing organisation. It aids ambitious companies to staff new projects immediately with talented resources without having to spend further time on recruitment. In the IT industry, the concept of “Bench” had become notably popular to ensure that skilled resources are always available to fill in immediate project requirements. However, benched resources are not billable, and this adds to the costs of the company. This eventually gave rise to an uncomfortable situation for the benched employees.
5 Things to Check While Finding a Company Which Can Help in Employee Onboarding
Let’s start this article with a simple example of how two different companies decided to sign a project with two Middle Eastern companies, respectively. For the sake of this argument, let’s assume the companies to be Company A and Company B.
The former company decided to take up the onboarding processes in-house whereas the latter went on to bring a Global Staffing Partner on-board. With legal procedures including visa application and stamping, UAE work permit and other documents involving local office governance, Company A struggled to meet all the requirements. What were the consequences, you ask? They lost the project in hand. However, Company B had everything sorted as their staffing partner had the right experience and local presence to fulfil all the needs of overseas deployment with utmost care and attention.
4 Pain Points You May Face When Preparing for an Overseas Project
Scaling your operations to the global level can be less procedural, if the nuances of resource deployment can be understood well.
It is not enough to just get the right employee placed onsite. You must ensure that his needs are taken care of at all times. The requirements that he will have are directly related to his ability to do his job; prerequisites that if not satisfied will harm the efficiency of the position.
There are a lot of issues that are more than likely to crop up while preparing for an overseas project. Let’s look at a few.
Future Success to Tech Companies
Do you know what is common between Fred smith, Steve jobs, Oprahwinfrey, Steven Spielberg ,Henry Ford and Tim Ferris??
They all failed in their first startup. A significant reason of business failures is lack of ability to scale business globally. Close to 50% of the start up to midsize companies tend to fail in early to mid stages. A significant reason is inability to address a global market audience and alter the segmentation dynamically.
Reference: NASSCOMM start up report analyzing a 1000 companies
Tips to Choose the Right Global Expansion Partners
Global Expansion, while seems like a very self-explanatory step, should not be taken lightly. Many variables that need to be taken into consideration before embarking on a worldwide journey. Companies today assume that if they are successful in their home front, they will automatically qualify for global success. That is the first, and the biggest mistake one can make.
Markets are defined by the instruments that are traded on them. They can also be determined by the people who utilize them. A marketplace brings together the people who, by trading with each other, share common interests. It can form a community. The protection of every member of this community will require a certain amount of governance.
Now that we have a better understanding of the marketplace, let’s take a look at how it plays a role in global expansion.
How Short Term Staffing Helps Business Continuity
Workforce planning is a continuous process. Irrespective of whether you have a project in hand or not, workforce planning must be engaged. This strategy is utilized by businesses to anticipate the labour needs and ensure deployment of the workers in an effective and efficient manner. The needs and the priorities of the business must be in alignment with the availability of the resources. The objectives of the organization are executed seamlessly when workforce planning is set in place.
One of the most important ways to implement strategic workforce planning is to look at the short term as well as the long term goal. The action plan has in mind the allocation of resources for both short as well as long term projects. The purpose of this is to ensure that the business has an adequate supply of resources with the right skill, knowledge and experience.
