A Study on Contract to Hire (C2H)
Loading...
Files
Date
2019-07-23T07:49:31Z
Authors
Journal Title
Journal ISSN
Volume Title
Publisher
Abstract
Contractual hiring is a term used for hiring temporary manpower who work on a contract basis.
The contract period is fixed and the company has the discretion to terminate or continue the
engagement after completion of the period. C2H is the new trend that’s been followed by many
organization to reduce company cost and increase their productivity of their workforce.
This research is done in order to find why companies and employees prefer choosing C2H role
instead of full time role.
The study is carried on to get the first-hand knowledge about the contract to hire and its
emerging trends followed by many companies.
In this study I have chosen 4 companies where they employ C2H and the companies are HP,
Pwc, decathlon and Ey with a sample size of 85. Responses where obtained using google forms
and interpretation, analysis were done using graphs and tables.
Advantage of company in hiring C2H employees
Organization can reduce the companies head count by C2H. When the management finds out
that their company is not performing well and their operating costs are high, then the company
looks out to find ways to optimize their productivity. Where C2H can be a way. There is a great
potential where in these contract employees can be fully involved as its own workforce later.
This helps in finding the better and apt employees for the organization as a FT employees
Advantage of employees in choosing C2H role
Promotes skill development because as a contractor, you would be offering a specialized
service that can be used across different industries. The hidden benefit is that, one would get
to work with various industries, and as a result, learn while they work. This sort of broad
experience can strengthen your résumé and help you establish a large professional network.
Financial benefits are also another positive. Though they may have a less predictable income,
it is possible to make what a full-time employee earns, and even more. Being on a contract
basis means you stand a higher chance of receiving the pay you desire and deserve.
Description
Keywords
1NZ17MBA27