IT firms see spike in sub-contracting costs

Dearth of in-house talent in new-age skills drives hiring of external professionals

As domestic IT players seek to deliver new-generation and digital services, they are looking beyond their in-house talent pools to hire sub-contractors and external professionals. They are willing to pay more for these sub-contractors as the crunch for qualified employees with new-age technical skill-sets gets intense.

Usually, most of these recruitments pertain to on-site (or overseas) locations, though hiring for external professionals happens for domestic operations, too. Issues related to H-1B visas in the US are also leading to an increase in such hiring.