With the fast changing software industry, companies trying to cope with the challenge of hiring but not firing resources. The huge applicability of AI tools like ChatGPT, Co-Pilot and many similar tools has made the development much faster, less prone to human error and less human intensive.
With all these new trends, projects cost is getting very competitive, so companies are more interested in C2C hiring than ever before to optimise their budgetary obligations.
Corp to Corp or C2C is an arrangement between two corporations where one company is not hiring resources directly rather they are employing resources from another corporation whom they pay the fee, not to the employee directly. Payroll, Insurance and all other employee benefits are generally managed by the other company.
As per US Staffing the bond between two companies, where first company (Company X) hires an employee from second company (Company y) to work on a particular project.
Companies hire Corp-to-Corp (C2C) software resources from India for several strategic benefits like flexibility, cost efficiency, and access to specialized talent as and when required on a very short notice.
Some of the compelling motivations and strategic reasons behind fast growing trend of Corp to Corp are as follows:
1. Flexibility and Scalability
-On-Demand Expert Talent : C2C strategy allows company to quickly scale its workforce up or down based on project requirements, which is crucial for meeting project deadlines, keeping control on budget and managing workload spikes.
-Access to Specialized Skills Pool: As and when project need specific skills, Company can hire trained experts with required skills for short-term project. Such resource does not require training as it might require for permanent hires.
2. Cost Efficiency and Flexibility in Budgeting
– Saves Employment Costs: By employing C2C contractors, company can save reasonable cost associated with full-time employees, such as benefits, insurance, and taxes. So, overall cost for specific projects gets reduced and companies can allocate budget for specific project without bearing the long-term financial commitment of a full-time hire.
3. No Administrative Burden:
In C2C arrangements administrative responsibility and liability lies with the C2C contractor’s corporation. They handle the payroll, administrative and all other HR requirements.
4. Adding Speed and Agility to Hiring Process:
C2C hiring generally involves less layered bureaucracy which leads to quicker onboarding of resources compared to the traditional hiring process. It gives companies flexibility to hire software developers speedily as and when new project arrives or existing project need scalability.
5. Trial, Flexibility and Less Termination Complexity :
C2C contractor strategy allows companies to try the resources for week, month or so without any immediate commitment for long term hiring. This is great flexibility to relieve the resource if company is not satisfied with the performance or project gets completed with involving any legal implications compared to terminating a full-time resource.
6. Allow shifting Focus on Core Business by Leveraging External Expertise :
By outsourcing the hiring process, companies can focus core business areas and functions.
C2C contracts allows your business to avails fresh and innovative perspectives and up-to-date expertise that might not be present internally.
7. Access to Remote and Global Talent Pool:
C2C hiring process give access to broader talent pool form different geographic locations, often on lower resource costs in other regions.
These strategical and practical factors combined make C2C hiring an attractive, cost effective and popular option for software companies looking to bring in innovation, bridging talent gap, maintaining flexibility, optimising costs, and access to the huge specialized global talent pool. In India C2C Companies like AHA Technocrats have great in-house talent for immediately deployment on client’s project.
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