Insurance of IT Talent?
Just like buying an insurance policy to protect any of your personal or business assets, today you can protect your software engineering operations. Our Tech Talent Insurance is an innovative offering that helps you secure your application development capability for a fraction of your manpower cost.
Why?
IT Talent Shortage
Globally, 87% of organizations are already experiencing a talent shortage or are expecting to face it within a few years.
In the US, a survey mentioned more than half of employees plan to look for a new job in 2021.
By 2026, the shortage of software engineers will exceed 1.2M with acute deficiency in US workers possessing STEM knowledge that satisfy US companies.
Turnover Tsunami
Staff turnover in the US IT industry readily ranks at 13.2%.
Up to a quarter of the workers in the US plan to quit their jobs outright once the COVID-19 pandemic subsides due to burnout and quest for better salaries.
With tech talent hard to find, hire and retain, business instability is looming.
Soaring Costs
Costs incurred to hire and retain extra “backup” tech talent is too expensive.
Waiting until employees leave is similarly costly and disruptive to the business.
To replace an employee, employers are forced to pay up to 50–250% of the salary.
Tech Talent Insurance
Employ a remote, highly skilled tech resource at a cost up to one tenth of the annual salary of an employee. And it can save thousands and thousands of dollars!
A Full-Fledged Tech Talent Insurance Program
How Does it Work?
Insurance Consultancy
Assess your tech talent insurance needs. Size up your required resources/seats. Determine your succession, replacement, and backup plans and required skillsets.
Coverage Plans
Choose from a range of tech talent coverage packages with affordable pricing. Easily and flexibly change or upgrade your plan as needed.
Skilled Resources Pool
Employ the right, highly skilled talent such as web and mobile application developers, database administrators, Microsoft Dynamics and Power Platform consultants.
Flexible Allocation
Depending on work complexity, choose one of many time allocation options for the engineer(s) to be assigned to you, thus you can guarantee a seamless transition as per your needs.
Proactive Involvement
Upon contracting, our remote software engineer is mobilized. They engage in proactive and extensive handovers. A thorough project documentation is prepared and maintained.
Business Engagement
The selected engineers attend weekly meetings and participate in periodic reporting activities. Rest assured they are staying in close contact with the main team and always up-to-speed.
On-Demand Replacement
Fully mobilize your insurance once a resignation in any of your insured seats happens. Our remote engineer quickly steps in with the advantage of prior knowledge, recent updates, and complete documentation.
Instant Backup
Take the time to find the right replacement. Till then, we keep the seat warm so that work flows normally. Once a replacement is hired, our software engineer goes back to the monitoring state while always being prepared to jump in.
Full Replacement
You can choose the option to convert our remote engineer to continue working with you instead of hiring a new replacement. In this case, we can easily switch to our managed offshoring model.
Software Engineering Protect. Safeguard. Secure.
Tech Talent Insurance = Business Stability
Statics show that it takes 50% longer to hire talent for tech roles than other positions. It also takes, on average, 66 days to find the right person to fill a tech role. With approximately 300,000 new jobs projected over the next ten years, IT Directors are looking for innovative approaches to overcome IT talent shortage and the ever increasing employees turnovers with affordable costs. Here is where Tech Talent Insurance comes into play.
Covered Risks
- Business disruption upon unexpected employees’ resignations
- Rush and cost of finding replacements
- Time and cost of training replacements
- Loss of project and business knowledge
- Recruiting moderately skilled resources
- Burnout of overloaded employees
- Jeopardizing quality of work
Insurance Benefits
- Minimizing impact of employees ‘turning off’ or moving prematurely into ‘exit mode’
- Ensuring stability of project and service delivery to satisfied clients
- Pressure-free recruitment of replacements
- Easier, quicker, and risk-free capacity extension
- Bridging the knowledge gap between teams
- Mitigate information loss with proactive/preemptive updates to project documentation and handovers
Tech Talent Insurance by Global IT Offshoring Experts.
We Build Remote Productive Teams
We are a global technology solutions provider leading the digitalization of public and private sectors. We are equally a people-oriented company that values long-term relationships with our clients and our teams.
We provide Tech Talent Insurance as a top-up offering stemming from our expertise in building offshore and nearshore IT teams for our customers. We source the right talent and skillset quickly. We manage dedicated teams’ performance towards excellent deliveries.
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