Unlock eSignature Legitimacy for Temporary Employment Contract in India

How to eSign a document: eSignature legitimacy for Temporary Employment Contract in India

the pros and cons of fixed-term contracts in the current climate where there's less certainty a lot of organizations are considering how they're going to be able to start a project in the technology space and there's different ways of doing that if they can't get head count then contracting is an obvious avenue to turn to and some organizations would consider fixed home contracts to be the best version of contracting for them but it comes with pros and cons so a fixed loan contract is in effect a permanent employee for a fixed period of time so if they get paid a salary and they execute the job as a purpose employee would but there's an end date to their contract so they would typically get the same benefits as a permanent employee but they don't have the job security as against a daily rate contract which is a different arrangement the challenge is that when organizations go this route they're mostly thinking of it because it seems like it's more financially viable and that is the case but the the issue that comes with that is that the caliber of candidate that you may be able to secure because of that could be compromised so there's a challenge around are you going to be able to secure somebody that's going to see the project through or are you potentially going to hire somebody take the opportunity that's available in the marketplace we're being a little bit reduced potentially at the moment um be able to hire someone and fix their own contract but then you also not only running the risk of caliber you're also running the risk of somebody potentially down the road being offered a daily rate contract and that daily rate contract being more attractive and simply may not complete out on the project a third issue can be speed to higher so the speed to higher is effective because there's a smaller candidate pool that are interested in taking on a fixed down contract so that means that you've got a smaller pool to pick from and it can take longer to find the right person at the right level for yourself and then the fourth thing that that is worth considering is how that person is going to fit into the company culture because they're neither an external person as a daily contractor would be nor are they a fully integrated internal person that's investing in their career with the organization so there can be a cultural mismatch or misalignment of overarching goals and that can be problematic whereas for a daily rate contract that tends to be a much cleaner business arrangement and everyone's quite clear as kind of what that means now from a candidate side a fixed home contract tends to be less appealing because they they see it as the worst of both worlds so they don't have longevity or job security but equally they're not getting a premium as they would in day-to-day contracts and also that they know that they're only there being considered as a short-term solution so although for an organization it can certainly be a way to go and can be an effective way to go um it does come with some compromises and should be considered with pros and cons when going down this road for anyone that wants to find out more about how that would work or what that would look like feel free to reach out to us at .archer dot ie