Contract Job BPS

Bench insecurity? BPS shows the way!

bps

Contract jobs are traditionally considered “insecure”. However, how about getting a job at a top tech firm and being put on the ‘bench’ from day one? What if this wait stretches on for more than two weeks? Ofcourse, you are wiling away your time learning new courses and getting into training modules, but then, those won’t be of any use without real-world knowledge. Like how will you work in a team? How will you meet a project deadline? Or how you will get your subordinates to work for you. And importantly, how will you create a product and bring it to market? These experiential insights can never be learnt in any course, which is why your resume will always remain blank. If this is frustrating you no end, perhaps you should get off the bench and sign up with Workflexi.(BPS)

 

What we do here is to get you a fixed term contract job. About 10% get rolled off before or after their contract expires, for various reasons. That means you are out of a contract job even before you have secured your next contract. If you happen to be one of those unfortunate ones, Workflexi will give you one month’s minimum basic pay, so you can either look for a job in the meanwhile (which we will also do), or chase your passion, take a break and come back again with renewed vigour with an all-new job in an all-new project, company or career path.

 

We call this the Basic Pay System or BPS in short. It’s meant to safeguard people who get fired (usually at a 24-hour notice). Agreed, it’s the industry standard and no one can argue for or against it. But it’s depressing news for any person who is handed the pink slip out of the blue. Looking at such a scenario, we came up with BPS. What this means is that whoever signs up with us not only gets a contract job, but their employer can also put them on the BPS scheme and safeguard their contract job. Once they complete atleast six months of employment with the ​company they are pay-rolled with, they automatically become eligible for claiming the basic pay.

 

The ‘bench’ is really going out of style. Who wants to drill holes in a resume and get depressed at the same time. Instead, it’s best to step out and walk into a fixed term contract job that sometimes even offers a better pay than a full-time ​job, depending on your calibre. Therefore, we would advice every jobseeker to get out of this ‘permanent job is the best security’ mindset and embrace a contract job that actually offers much more freedom and the best way to strike that largely elusive work-life balance. Imagine being stuck to a job you don’t like but you are peddling away because you are afraid you will not get a better job or a better pay. It’s this fear of insecurity that compels you to stay in an unhappy job. What’s more, some companies pay you more but also drain you the fastest. Your age begins to show and you think of retiring at 30, when your contract worker counterparts are thinking of staying on till 60. Welcome to the world of permanent jobs. If you don’t like the sight and sound of it, step out of that mindset now, and embrace the future of work: flexi jobs.

 

At Workflexi, we offer all of that and more. In your free time, you could pursue your passions. It could be a crash course in blockchain, crypto currency or AI, or become an adjunct faculty member at a reputable institute or go on a mountain climbing expedition to Ladakh or a cycling trip to Coorg. The world is indeed the limit when you set your sights on finding that effective work-life balance. We are not the usual recruitment agency you will find at every corner. We are your custom lifestyle managers. You decide what you want and we will deliver it to you. It’s that simple. Welcome to Workflexi. Welcome to a whole new world

Bench

6 reasons why contract staffing is better than a ‘bench’

Freshers and seniors make up the ‘bench’. This is a term that indicates employees who are not on any project anytime. They are idling away their time by staying at home, or just swiping in and out of work, or signing up for training and doing courses on Udemy, Coursera and so on. The churn period between being put on a bench and getting deployed on a project can vary from two weeks to even six months or more. The worst part is that out of every ten employees on a bench, one gets fired. In such a scenario, we list why contract or flexi staffing is way better than having a bench for a company. These very reasons should also prompt the bench warmers to sign up with Workflexi for a fixed-term contract job that will make effective use of their time and fill that crucial time gap in their resume.

ZERO BENCH

Companies spend much money in keeping employees on the ‘bench’. They keep giving them a basic salary, and even spend on upskilling or reskilling them. Some of their sales force is deployed to look out for jobs for them. Statistics reveal that big companies like Infosys have nearly 17% of their employees on the bench. That’s nearly 8500 of their total staff strength. And which employee wants to be on the bench the first day of their job? Here is where hiring contract workers resolves all these issues and keeps both the parties happy. The companies don’t have to spend on their bench-warmers and those on the bench can fill the blanks on their resume by being productive at jobs right away. Think of contract staffing as a virtual ‘just-in-time’ bench where there are employees when you need them.

FIRE-PROOF

Workflexi’s ‘basic payment system’ (BPS) takes care of the contract workers who worry about losing their job even before their contract gets over. Statistics reveal that 10% of the employees are asked to go on or before their term ends for various reasons. Here is where enrolling with Workflexi helps. We provide a basic minimum pay for one month (if you’ve worked for a minimum of six months), so you can look for a job, sign up for that certification course you always wanted to but didn’t have the time or just reboot, restart and unwind.

NO REVENUE LEAKAGE

When there are no employees on the bench, there is no revenue leakage of hiring and retraining or upskilling them. Importantly, the workers don’t get bored or feel helpless that their resume is empty. They are being put to use where it matters while the company can focus on its work instead of worrying about hiring and firing.

UTILIZATION RATES

In their annual reports, top IT companies in India have clearly indicated that high employee utilization rates boost productivity and operating margins. With a negligible bench, that margin is only going to shoot up. With most big companies recording 15-20% benches, that is a clear gain in revenues.

MISMATCHED SKILLS

Most employees sit on the bench because their skills don’t match the company’s requirements. This can be because you are a fresher from college or because you fudged your resume or because automation and other new technologies are rendering people jobless, prompting companies to retrain them.

UNCERTAINTY

When you are on the bench doing nothing but getting trained on things that you might or might use in the near future, employees not only get bored but also feel uncertain about their place in the company. Job insecurity hits them hard when the churn period stretches on endlessly. That is the time they realize that the company is not worried about their career growth. With contract staffing and Workflexi’s Basic Pay System, not only is this insecurity taken care of but also puts them at a bargaining position. Some contract employees even get paid 20% more than the regular workers, depending on their expertise and experience. In such a scenario, they are in the driver’s seat who get to choose the companies they want to work with and the projects they prefer. In addition, they get to strike the right work-life balance. They can take on only what they want rather than what they are given by companies if they were full-time employees. They can take breaks between jobs and pursue their various passions or just unwind and get back to work a month later.

AND FINALLY…

In this new world of automation, leave the problem solving to the machines. Focus on problem finding. Bench is a problem and Workflexi is your solution. So what are you waiting for? If you are a bench-warmer or a Company, sign up with us now and say goodbye to the ‘bench’.