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The industry is currently discussing Phenomena like The great resignation of 2021 which is a trending topic across the globe. An article published by livemint quoted The Microsoft 2021 Work Trend Index showed 41% of the global workforce are considering resigning this year - a near doubling of job-switching intent on the two years before the pandemic.
Employees today feel that companies are willing to pay a bit more and this is motivating them to take the risk of jumping jobs. The movement of human capital for revaluating their career and for life choices has bought in the need for managing talent efficiently. This is considered the largest movement of human capital in decades as skilled workers have started exploring jobs. The employees are calling the shots on pay and conditions of work. Contrary companies that failed to support their people are facing staff shortages.
Employers are battling a new scenario
Many staffing companies have reported a major jump in revenues with this trend. Wage raise remain the best way to attract talent. Flexibility, Hybrid working, and some interesting ones are accessible from almost anywhere with satellite workspaces, home food deliveries are few more ways of luring talent
Navigating these complexities in these evolving market conditions to solve supply volatility using technology and collaborating with a strategic framework needs to be incorporated for increasing efficiencies. The industry has several solutions today like a comprehensive portfolio of consulting-led procurement solutions across the source-to-pay value chain covering spend management, strategic sourcing and category management, contract management, supplier management, master data management, and transactional procurement.
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Talent Augmentation aids

Talent augmentation services entail the allotment of dedicated technical resources, usually offshore, hired as overseas development extensions of in-house application development teams on fixed or flexible terms and conditions.
This is where the provider will augment the client's workforce with skilled persons. The Client is still responsible to manage the persons and the work which they will be completing. The software developers are hired based on their technological skillset. Using talent augmentation services provides a one-window solution to companies who might require application development across diverse technology verticals.
Read MoreWhy Talent augmentation – Hire on the go
Talent augmentation offers flexibility which is one of its foremost benefits. To suit the short-term needs hiring employees by firms are allowed. To suit the need of the hour for a specific duration companies can supplant their permanent employees with skilled professionals. From incurring additional costs of permanent hiring, like employee provident funds and health benefits by the firms this flexible hiring gets prevented. On a project basis, it also gives professionals the flexibility to work on the flip side. You can only indulge in the projects of your choice. Yielding mutual benefits, a win-win situation for both the parties is created by this. Cost-effectively and efficiently gap between the demand and supply of professional skills gets filled by this.















