Introduction
A multinational company (MNC) in the education domain has been using staff augmentation services from various high end IT companies in Sri Lanka for many years Indian based regional hub approached CodeOne-X, in 2018. Since then CodeOne-X is into the tech resourcing business for more than four years. The company’s objective is to assist the client to achieve project deliverables by making sure that qualified tech resources are quickly and dependably deployed with a high selection rate. CodeOne-X oversees the full job life cycle, including hiring and offboarding.
Problem/Challenge
In order to provide staff augmentation services to its customer, CodeOne-X had to overcome a number of obstacles, including:
- Attracting qualified tech staff on a contract basis: In order to recruit and keep qualified tech staff, CodeOne-X had to contend with high-end IT firms operating in Sri Lanka.
- Retention: In the cutthroat market, CodeOne-X faced a major challenge in keeping the deployed staff for longer than two years.
- Managing compensation while taking into account USD rate fluctuations: CodeOne-X had to handle the compensation plans for its deployed employees while taking into account USD rate fluctuations.
Solution
CodeOne-X developed a number of solutions to address these issues:
- Jobfactory brand with top-notch TA team for hiring: CodeOne-X established its Jobfactory brand and built a top-notch Talent Acquisition team to draw in and hire the finest candidates.
- Employee Referral Program: CodeOne-X created an employee referral program to entice its staff to suggest capable tech specialists.
- Competitive salary: Compared to other IT firms, CodeOne-X provided a competitive salary package to its deployed employees, making it a more appealing choice.
- Leadership that is people-focused: CodeOne-X created a collaborative team by adopting a leadership style that is people-focused and cultivates a close bond with all employees.
- Employee Engagement: CodeOne-X placed a high priority on fostering employee engagement by offering better pay and benefits, equal job chances, and WFH facility management, which increased employee satisfaction and retention rates.
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