Business Wire IndiaHyring.com launches itself into the contract-to-hire market estimated at $130B with a suggested CAGR in excess of 9% in 2030. After working closely with IT professionals, Adithyan RK, a serial entrepreneur and founder of Hyring.com, recognized a transparency gap between companies and skilled professionals hired on a contract basis. Hyring.com was launched with a mission to bridge this gap by providing a transparent and straightforward process.
The platform will be equipped to provide 360-degree HR tech-enabled solutions like talent sourcing, payroll and benefits, compliance and laws, asset management, and more. Hyring.com aims to provide skilled IT specialists from India to work with prestigious companies specializing in over 50 major categories of IT across the United States, Europe, Singapore, Malaysia, the UK, and Australia. With a Korn Ferry report predicting a global deficit of 85.2 million skilled workers by 2030 and India being the only country projected to have a surplus of around 245.3 million skilled workers in the same timeframe, Hyring.com's launch is timely1.
Providing Lucrative Packages with Gold Standard Benefits:
The platform enables global companies to hire skilled IT professionals to work remotely. Hyring.com adopts a unique approach, it charges its partnered companies a more modest contract-to-hire fee of 20-40% of their salary, while competitors charge about 100-200% monthly. This covers the AI-powered app for sourcing, payroll, assets, app management, and gold-standard employee benefits. This structure ensures that employees receive the full remuneration package and incentivizes global companies to hire Indian talent with salary transparency.
With an ambition to redefine the industry, Hyring.com not only assures lucrative compensation packages compared to Indian standards offering best-in-the-industry benefits. These include comprehensive health insurance for employees and their families, provision of high-configuration laptops after probation, the flexibility of remote work, and a lot more. Hyring also provides access to cool workspaces across India for those who prefer traditional work setups.
Hyring.com’s unique AI-powered algorithm:
Hyring.com introduces a fresh approach to employee placement with their innovative, in-house AI-powered algorithm called the 'Hyring Sentimetre'. This feature ensures that each employee is matched with the right employer, taking their unique skill set into account. To qualify, prospective candidates are required to demonstrate their proficiency through industry-standard tests for technical skills and cognitive abilities.
Looking to further expand its reach and cater to its tech-savvy audience, Hyring.com is set to launch its app this year, offering an even more accessible platform for interested employees. The app, targeted towards the GenZ demographic, will feature a user-friendly interface with a familiar swipe-left swipe-right mode of operation. This move not only aligns with Hyring's vision to be future-ready but also appeals directly to a GenZ audience, offering them a platform that resonates with their digital lifestyle.
Successful Pilot Programme:
Adithyan RK established Domaincer in 2011, leveraging his extensive experience in web development, cybersecurity, and branding to offer high-quality digital services. In 2020, he soft-launched the pilot programme of contract-to-hire using Domaincer. The programme has shown significant promise, successfully securing 25 contract-to-hire placements as of today. A recognized thought leader in his field, Adithyan is a member of the esteemed Forbes Human Resource Council for 2023. This prestigious affiliation, coupled with his extensive network, has helped him attract interest from various global IT companies towards Hyring.com, marking it as a platform to watch in the global IT recruitment sphere.
He says, “We created Hyring.com with the intention of creating a win-win-win situation. Unlike other C2H platforms, we ensure full transparency between the employer and employee. We believe that India has many highly skilled IT professionals who could benefit from the international job market by capitalizing on our lucrative packages and gaining global exposure from the comfort of their homes, without neglecting the benefits of working in a regular MNC. With India being a hub of surplus talent, we are truly passionate about revolutionizing the hiring game with a future ready C2H platform.”
