Is IT good to be on bench in IT company?

A strong bench is an indication that the firm has ready resources and can begin execution immediately. But having too many people on the bench doesn’t reflect well either. It would mean employees are underutilised, and this would impact the profitability of the firm.

Why do companies put employees on bench?

It was a way to tell the clients, that it’s ready with the manpower required to handle the project. For the uninitiated, ‘bench’ comprises employees who are without any project but are part of the reserve team and are on the company’s payroll. Employees also go on bench in between projects.

What is the bench period in IT companies?

The bench concept is majorly seen in the IT industry, let’s understand what it is about. It refers to the state of employee or group of employees who are not working on billable projects for some short/long period but are still eligible for all employee benefits from their employers.

Why companies hire freshers every year?

Freshers are waiting for an opportunity to learn and grow. They are hardworking, driven and – since they’re fresh out of college – a lot more disciplined and receptive to training. This helps them learn quickly on the job.

Will I get salary if I am on bench?

In the IT industry, the bench refers to the section of a company’s employees that isn’t working on any project for the time being but remains on the rolls and receives regular salary.

Is being on bench bad?

You do not get good hike or promotions. In most companies there is a limit to the time you can stay on bench. If you are rejecting all the project offers continuously then soon you will be asked to leave. Most important, if you are on bench for long time then you loose your touch with technologies and work.

Why there are no jobs for freshers?

“The market is going through a rough patch / tough phase.” “There aren’t many currently many opportunities in my field.” “There’s too much competition for too few jobs.” Also Read: How to land your dream job as a fresher in 2020-2021?

What is Bench period in Wipro?

Updated 1 year ago. Wipro has introduced an “extended bench period” wherein identified employees will be on loss of pay for three months, Times of India reports.

Do you get paid when on bench?

As a salaried employee of a consulting firm, you’re paid a salary while you’re on “the bench.” As a contract consultant, you’re generally paid an hourly rate that would be higher than what you’re paid on salary, but you’re not going to be paid for bench time.

What is Bench policy?

The bench is not a physical place, but a status: it refers to employees that are not working on any project, but nonetheless remain part of the company and receive a salary. “No bench policy so if you are not in a project can be asked to leave.”

Do Indians prefer full-time jobs or short-term projects?

After all, Indians tend to prefer secure full-time jobs over contract positions. In other places, people don’t hesitate to take up short-term projects, says Alka Dhingra, assistant general manager at staffing firm TeamLease Services. So, companies don’t have to hire full-time employees and then bench them when there are no projects.

Why do companies in India prefer to hire engineers?

Short answer – because they hire based on perceived learnability, and there are plenty of engineers available – more than 10 fresh engineering graduates applying for each entry level IT job, and because the work is technical work, and because a majority of students with decent IQ/EQ opt for engineering or medicine in India due to parental pressure.

Are contract employees a better alternative to the bench?

HR experts believe contract employees are a better alternative to the bench. They are as effective in terms of deployment, they help cuts down costs, the company can pick professionals with better skills, and, finally, helps the companies avoid mass layoffs and subsequent protests.

Is 80\% of India’s it jobs being done by automation?

This has now gone up to 80-81\%,” Kris Lakshmikanth, the managing director at recruitment firm Head Hunters India, said. Vishal Sikka, CEO & MD of Infosys, India’s second-largest IT services company, said last year that he was pushing automation to reduce bench strength.