IT firms give staffing companies a miss, fill vacancies internally

The Information Technology firms are no longer going to the staffing companies. They are instead upskilling their existing workforce to fill open positions, reports Times of India (TOI). With a steep drop in demand for IT talent, only one in four positions is coming to staffing companies, the report added.

With one of the major shifts IT has seen in its history, the hiring trends have taken a drastic turn. Companies were doling out up to 100 per cent hikes to hire top IT talent only a year ago, but the situation has completely changed today.

An industry expert was quoted in the report as saying that earlier, organisations approached staffing firms to hire for all their positions.