The document proposes a web portal for posting and hiring contract jobs. It notes that while contracting is growing, current job sites do not adequately support contract hiring. A dedicated contracting portal could standardize and expedite the process by bringing together companies, contractors, and agencies. It would allow companies to quickly fill contract roles while minimizing costs. Contractors would benefit from improved access to contract opportunities. The portal design would need to specifically support contract agreement terms and management over the full contract lifecycle.
Overview of Recruitment Management Systems- Business.comBusiness.com
Â
Recruitment Management Software greatly reduces otherwise labor-intensive data entry and record-keeping associated with job creation, advertising, screening and employee selection. Use this Business.com guide to get top tips for evaluating the best RMS available- to make your HR duties a little more manageable.
Techved provides competitor analysis services called CAWS (Competitor Analysis in Web Space) that analyze competitors across four areas: user experience, features, SEO/Alexa rankings, and social media signals. The analysis is presented in a report that identifies strengths and weaknesses between a client and their competitors. Techved then provides solutions and recommendations to improve the client's online presence and performance.
How can Indian IT companies achieve non-linear growth?Ramamurthy Prakash
Â
The document discusses how Indian IT companies can achieve non-linear growth. It proposes applying a Build-Operate-Transfer (BOT) model similar to infrastructure projects. Specifically:
1) IT companies would build standardized applications by collaborating with key clients in an industry.
2) They would then operate and maintain the applications for clients, collecting fees. This would give the companies expertise to promote the applications to other industry players.
3) Over time, as more companies adopt the applications, the IT companies could generate recurring licensing and maintenance fees, unlinking revenue from employee headcount. This could enable non-linear revenue growth.
The model is argued to deepen client relationships, improve quality and profit
This document provides a proposal for mobile application development and support services from Starsoft. Starsoft offers end-to-end mobile solutions including design, development, launch, and maintenance. They have experience in platforms like iPhone, Android, Blackberry and more. Starsoft provides both development and long-term support services. They utilize established methodologies and have skilled resources to deliver high quality, on-budget projects.
The document provides information for H1-B candidates about working with ebusinessware Inc. in the US. It includes an introduction to ebusinessware and its history. The majority of the document is in a question and answer format covering frequently asked questions about the H1-B visa and application process, requirements, documentation needed, salary, expenses, taxes, green card process, and other related topics.
Social Business in the Cloud: Achieving Measurable ResultsRawn Shah
Â
As social technologies have evolved, they have increased in adoption across a wide spectrum of
businesses, industries, and geographies. Some organizations, usually with strong business and IT
alignment, are realizing that social technologies initiated for one business activity can spark innovative
uses in other areas. This insight creates motivation to widen the reach and adoption of these
investments. Unfortunately, this is not always the case; many organizations are still struggling with how
to justify social business investments in a way that reflects their actual business value. This inability to
quantify the business impact of social technology has become a key inhibitor to adoption.
This business case proposes a Web Platform (WP) Project to address issues with Smith Consulting's legacy mainframe systems for managing administrative functions like payroll and reporting as the company has expanded. The WP Project aims to migrate these functions to a new centralized web-based platform to reduce costs, improve efficiency, and give employees more autonomy. Implementing the WP Project is estimated to reduce overhead costs by 15% in the first year, decrease employee turnover by 10%, and significantly decrease the time needed for reporting and resolving payroll issues. The business case recommends proceeding with the WP Project as it is aligned with corporate strategy and objectives and provides the best opportunity to realize benefits while involving the least risk compared to other alternatives.
This document provides an overview of the design of a My Account application. It describes the single page application approach using AngularJS, which allows dynamic updates to parts of the page rather than reloading the whole page. It also describes the use of RESTful APIs and services to interface with backend systems like SAP. Key components like controllers, services, forms and databases are listed. The system architecture shows how the client interfaces with the Grails server, which communicates with SAP via SOAP.
Overview of Recruitment Management Systems- Business.comBusiness.com
Â
Recruitment Management Software greatly reduces otherwise labor-intensive data entry and record-keeping associated with job creation, advertising, screening and employee selection. Use this Business.com guide to get top tips for evaluating the best RMS available- to make your HR duties a little more manageable.
Techved provides competitor analysis services called CAWS (Competitor Analysis in Web Space) that analyze competitors across four areas: user experience, features, SEO/Alexa rankings, and social media signals. The analysis is presented in a report that identifies strengths and weaknesses between a client and their competitors. Techved then provides solutions and recommendations to improve the client's online presence and performance.
How can Indian IT companies achieve non-linear growth?Ramamurthy Prakash
Â
The document discusses how Indian IT companies can achieve non-linear growth. It proposes applying a Build-Operate-Transfer (BOT) model similar to infrastructure projects. Specifically:
1) IT companies would build standardized applications by collaborating with key clients in an industry.
2) They would then operate and maintain the applications for clients, collecting fees. This would give the companies expertise to promote the applications to other industry players.
3) Over time, as more companies adopt the applications, the IT companies could generate recurring licensing and maintenance fees, unlinking revenue from employee headcount. This could enable non-linear revenue growth.
The model is argued to deepen client relationships, improve quality and profit
This document provides a proposal for mobile application development and support services from Starsoft. Starsoft offers end-to-end mobile solutions including design, development, launch, and maintenance. They have experience in platforms like iPhone, Android, Blackberry and more. Starsoft provides both development and long-term support services. They utilize established methodologies and have skilled resources to deliver high quality, on-budget projects.
The document provides information for H1-B candidates about working with ebusinessware Inc. in the US. It includes an introduction to ebusinessware and its history. The majority of the document is in a question and answer format covering frequently asked questions about the H1-B visa and application process, requirements, documentation needed, salary, expenses, taxes, green card process, and other related topics.
Social Business in the Cloud: Achieving Measurable ResultsRawn Shah
Â
As social technologies have evolved, they have increased in adoption across a wide spectrum of
businesses, industries, and geographies. Some organizations, usually with strong business and IT
alignment, are realizing that social technologies initiated for one business activity can spark innovative
uses in other areas. This insight creates motivation to widen the reach and adoption of these
investments. Unfortunately, this is not always the case; many organizations are still struggling with how
to justify social business investments in a way that reflects their actual business value. This inability to
quantify the business impact of social technology has become a key inhibitor to adoption.
This business case proposes a Web Platform (WP) Project to address issues with Smith Consulting's legacy mainframe systems for managing administrative functions like payroll and reporting as the company has expanded. The WP Project aims to migrate these functions to a new centralized web-based platform to reduce costs, improve efficiency, and give employees more autonomy. Implementing the WP Project is estimated to reduce overhead costs by 15% in the first year, decrease employee turnover by 10%, and significantly decrease the time needed for reporting and resolving payroll issues. The business case recommends proceeding with the WP Project as it is aligned with corporate strategy and objectives and provides the best opportunity to realize benefits while involving the least risk compared to other alternatives.
This document provides an overview of the design of a My Account application. It describes the single page application approach using AngularJS, which allows dynamic updates to parts of the page rather than reloading the whole page. It also describes the use of RESTful APIs and services to interface with backend systems like SAP. Key components like controllers, services, forms and databases are listed. The system architecture shows how the client interfaces with the Grails server, which communicates with SAP via SOAP.
This document outlines the requirements for developing a website for a handyman service. The objectives are to allow customers to search and book services online. Key requirements include searching by location, service type, price and time, and allowing customers and service providers to post, view ratings and feedback. The functional requirements cover services, ordering, profiles and posting. Non-functional needs like security, performance, reliability and maintainability are also addressed. The project aims to improve the handyman service by enabling an online customer experience.
This document discusses outsourcing to India, including the benefits and challenges. It outlines India's dominance in the outsourcing market and notes the cost savings and access to skilled labor. The document also describes different engagement models for outsourcing, including pure offshore, hybrid, and freelance models. It provides an overview of Service Wing Solutions, an outsourcing company based in India and California.
This document provides information on vendor performance evaluations for Baltimore County Public Schools (BCPS). It discusses why evaluations are conducted, how they are implemented for both construction and non-construction contracts, and how the results are monitored and reported. Evaluations are done to provide feedback to vendors, ensure compliance with board policy, and effectively manage vendor relationships. They are implemented using online evaluation applications for construction projects and evaluation forms for other contracts. The results are compiled, shared with vendors, and maintained on file.
This document discusses project planning, execution, and closure for an ERP implementation project. It explains that decision making can impact a project's budget, schedule, and resources. The memorandum also discusses factors to consider when accepting or rejecting vendor proposals, such as background, finances, relationships, and technology. Parties involved in decision making and factors that need agreement are also addressed.
Business Finance Ratio Analysis Indus MotorsMuhammad Zahid
Â
This document discusses various financial ratios that can be used to analyze Indus Motor Company, including liquidity ratios, asset management ratios, debt management ratios, and profitability ratios. It provides the formulas and calculations for key ratios like current ratio, quick ratio, inventory turnover ratio, days sales outstanding, asset turnover ratio, debt-to-asset ratio, profit margin, return on assets, and return on equity. The analysis finds that Indus Motor Company is in a strong liquidity position and able to pay short-term debts, and has higher inventory turnover and asset utilization compared to its major competitor Honda.
717-MSC2-Mohamed Shabana-Procurement Risk and contract Management.pdfmohamed fawzy
Â
This document discusses procurement and contract management. It defines procurement as the process of acquiring goods and services, usually for an organization. Contract management is defined as overseeing agreements from start to finish to optimize performance and minimize risk. The document examines the principles of procurement and contract management as applied in large multinational organizations, including establishing standardized processes, ensuring compliance with regulations in different countries or regions, and managing risks associated with global operations. It also discusses the importance of sustainable procurement.
This document provides an overview of Workday's human capital management capabilities. It highlights Workday's focus on skills management, internal talent mobility through a new marketplace, improving the employee experience, career management tools, and its use of blockchain technology for credentials. Workday aims to provide an integrated HCM suite that helps enterprises accelerate people processes and adapt to changing workforce needs.
Starting a Business: How to Identify Good Business Idea?Ajjay Kumar Gupta
Â
The term opportunity implies a good chance or a favourable situation to do something offered by circumstances. In the same vein, business opportunity means a good or favourable change available to run a specific business in a given environment at a given point of time.
The term âopportunityâ also covers a product or project. Hence, the identification of an opportunity or a product or project is identical and, therefore, all these three terms are used as synonyms.
See more
https://goo.gl/swjZKK
https://goo.gl/xT7Azb
Contact us:
Niir Project Consultancy Services
106-E, Kamla Nagar, Opp. Spark Mall,
New Delhi-110007, India.
Email: npcs.ei@gmail.com , info@entrepreneurindia.co
Tel: +91-11-23843955, 23845654, 23845886, 8800733955
Mobile: +91-9811043595
Website: www.entrepreneurindia.co , www.niir.org
Tags
Entrepreneurship (Project Identification), Project Identification, Project Identification, Feasibility, and Planning, Project Identification in Entrepreneurship, Project Identification in Project Management, Project Identification and Selection Process, New Project Identification & Selection of Project, Project Identification and Selection, Project Identification and Project Selection, Identification and Preparation of Projects, Instant Online Project Identification and Selection, Project Selection & Identification, Guidelines for Project Identification, Identification and Selection of Projects, Project Management, Project Identification Reports, Selection of Right Project, Project Planning, Project Selection & Management, Project Identification Process, Identifying and Selecting Projects, Process of Identifying and Selecting, Steps in Identification of Business Opportunities, Process of Identifying Business Opportunities, Different Ways of Identifying Business Opportunities, How to Identify Business Opportunities?, Ways of Identifying Business, How Entrepreneurs Identify New Business Opportunities, Ways to Identify Leads, Identifying Business Opportunities, Identification of Business Opportunities in Entrepreneurship, Methods for Identifying Business, Steps to Evaluating Business Opportunities, Evaluating Business Ideas and Opportunities, How to Identify and Select Business Opportunity, Starting Business?, Identifying New Business Opportunities, Business Opportunity Guidance, Identifying Venture Opportunities, Ways to Start Business, Business Plan and Identification, Steps to Setting Up Your Own Business, Identifying Small Business Opportunities, How to Search and Select New Business, Identification and Selection of Feasible Project, Steps for Generating New Business Opportunities, Methods for Identifying Business, Process of Business Opportunity Identification and Evaluation, Project Profile on Small Scale Industries, Industrial Project Report, Project Consultant, Project Consultancy, Npcs, Niir, Process Technology Books, Business Consultancy, Business Consultant
Forrester Market Overview Projectbased Erp For Service Delivery Professional ...janbultinck
Â
The document discusses project-based ERP software for organizations that deliver project-based services to customers. It describes the business challenges these organizations face and how project-based ERP can help by integrating key functions like CRM, project management, HR and financials. Vendors highlighted include Deltek, which focuses exclusively on project-based businesses and offers the Maconomy ERP suite tailored for professional services firms. The ERP is meant to provide a single view of project data and metrics to help managers better oversee projects and resources.
Veel bedrijven die hun klanten services leveren op projectbasis hebben door het grote aantal en de variĂŤteit aan projecten behoefte aan een ERP-oplossing die alle project-gerelateerde data beschikbaar en inzichtelijk maakt op ĂŠĂŠn centrale plaats. Op dit moment is de data omtrent deze projecten opgeslagen in meerdere, verschillende applicaties die niet goed met elkaar geĂŻntegreerd zijn, zoals CRM, HRM en financiĂŤle applicaties. Hierdoor is er geen uniforme weergave van projectgegevens, ontbreekt inzicht in de status van projecten en is er sprake van inaccurate, gedateerde en dubbele data.
Market Overview Project Based Erp For Service Deliveryarjencornelisse
Â
The document discusses project-based ERP software for organizations that deliver project-based services to customers. It describes the business challenges these organizations face and how project-based ERP can help by integrating key functions like CRM, project management, HR and financials. Vendors highlighted include Deltek, which focuses exclusively on project-based businesses and offers the Maconomy ERP software tailored for professional services firms. The ERP is meant to provide project managers with a unified view of project data and metrics for better decision making.
Legal Transformation and Contract Remediationaccenture
Â
Accentureâs Legal Transformation practice offers specific solutions to meet the various challenges impacting a firmâs Legal function. Specifically, it offers contract remediation strategy, technology solutions and support to aid firms in managing large scale contract remediation programs due to regulatory change events such as LIBOR, BREXIT and more. Read our latest Legal Risk Study to rethink the financial services legal function: https://accntu.re/3eF9URP
The document proposes a concept called PRODEVSYS, which would be an expert system-based organization focused on property development projects in India. As the Indian economy liberalizes, there will be significant privatization and opportunities for private sector participation in infrastructure and property development. However, building expertise in these areas takes a long time. PRODEVSYS aims to leverage outsourcing/subcontracting to tap external expertise, rather than developing capabilities internally. It would identify projects, handle planning and coordination, and outsource specific tasks like construction, marketing, financing to other specialized companies. The goal is to become a major player in property development quickly using a lean model and external expertise.
Five ways to develop a successful outsourcing contractWGroup
Â
WGroup perspective paper on how to develop a successful outsourcing contratct--A few key aspects of an outsourcing contract typically drive its projected savings and return on investment (ROI). You must carefully consider all of these areas to avoid mixed financial results on your outsourcing project. Strategizing the following five areas can help you develop a successful outsourcing contract. The 5 key ways are contract components, unit pricing, resource volume, dead bands, and renegotiation bands.
Business analyst interview questions and answersRobin G
Â
The document provides interview questions and answers for business analysts. It begins with an introduction explaining the purpose of interview preparation. It then lists over 30 common interview questions for business analysts along with detailed answers. The questions cover topics like requirements gathering, documentation, analysis techniques, and responsibilities of a business analyst. Diagrams, methodologies, and concepts relevant to the business analyst role are also discussed.
Take The Highway To A Successful It Projectsantosh singh
Â
This document discusses two approaches to IT projects - using multiple partners or a single lead partner. The multiple partner approach risks fragmentation and lack of accountability, while a single partner can provide products, integration services and expertise with full accountability. Analysts find the single partner approach tends to have higher success rates as it avoids issues caused by limited collaboration between partners. The document recommends service providers choose a single solution partner that can deliver a best-of-breed product with in-depth knowledge and industry expertise to guide the project from start to finish.
Sanitised Project Plan for Project ManagementSandy Clements
Â
This document provides an overview and requirements for the Project Administration Toolkit (Project Tool) application. The Project Tool will allow project managers at Sanitized Company to set up and manage project information for purposes such as client reporting, budgeting, and billing. Key features in the initial Release 1.0 will include creating and modifying projects, setting up project teams and tasks, and assigning team members to tasks. The document outlines functional requirements, database design, security features, testing plans, and risks.
This is a mock up appraisal of an imaginary oilfield services organization, performed against the CMMI SVC practices. It is based on my own experience as a certified high maturity lead appraiser of the CMMI DEV and SVC constellations and a past experience in one of the world's leaders in consulting with a specialty in oilfield services. The article is meant to illuminate how the practices are pertinent in that particular industry. It was developed a few years ago as part of the requisites to become certified for SVC by (then) the SEI.
Company Valuation webinar series - Tuesday, 4 June 2024FelixPerez547899
Â
This session provided an update as to the latest valuation data in the UK and then delved into a discussion on the upcoming election and the impacts on valuation. We finished, as always with a Q&A
Navigating the world of forex trading can be challenging, especially for beginners. To help you make an informed decision, we have comprehensively compared the best forex brokers in India for 2024. This article, reviewed by Top Forex Brokers Review, will cover featured award winners, the best forex brokers, featured offers, the best copy trading platforms, the best forex brokers for beginners, the best MetaTrader brokers, and recently updated reviews. We will focus on FP Markets, Black Bull, EightCap, IC Markets, and Octa.
This document outlines the requirements for developing a website for a handyman service. The objectives are to allow customers to search and book services online. Key requirements include searching by location, service type, price and time, and allowing customers and service providers to post, view ratings and feedback. The functional requirements cover services, ordering, profiles and posting. Non-functional needs like security, performance, reliability and maintainability are also addressed. The project aims to improve the handyman service by enabling an online customer experience.
This document discusses outsourcing to India, including the benefits and challenges. It outlines India's dominance in the outsourcing market and notes the cost savings and access to skilled labor. The document also describes different engagement models for outsourcing, including pure offshore, hybrid, and freelance models. It provides an overview of Service Wing Solutions, an outsourcing company based in India and California.
This document provides information on vendor performance evaluations for Baltimore County Public Schools (BCPS). It discusses why evaluations are conducted, how they are implemented for both construction and non-construction contracts, and how the results are monitored and reported. Evaluations are done to provide feedback to vendors, ensure compliance with board policy, and effectively manage vendor relationships. They are implemented using online evaluation applications for construction projects and evaluation forms for other contracts. The results are compiled, shared with vendors, and maintained on file.
This document discusses project planning, execution, and closure for an ERP implementation project. It explains that decision making can impact a project's budget, schedule, and resources. The memorandum also discusses factors to consider when accepting or rejecting vendor proposals, such as background, finances, relationships, and technology. Parties involved in decision making and factors that need agreement are also addressed.
Business Finance Ratio Analysis Indus MotorsMuhammad Zahid
Â
This document discusses various financial ratios that can be used to analyze Indus Motor Company, including liquidity ratios, asset management ratios, debt management ratios, and profitability ratios. It provides the formulas and calculations for key ratios like current ratio, quick ratio, inventory turnover ratio, days sales outstanding, asset turnover ratio, debt-to-asset ratio, profit margin, return on assets, and return on equity. The analysis finds that Indus Motor Company is in a strong liquidity position and able to pay short-term debts, and has higher inventory turnover and asset utilization compared to its major competitor Honda.
717-MSC2-Mohamed Shabana-Procurement Risk and contract Management.pdfmohamed fawzy
Â
This document discusses procurement and contract management. It defines procurement as the process of acquiring goods and services, usually for an organization. Contract management is defined as overseeing agreements from start to finish to optimize performance and minimize risk. The document examines the principles of procurement and contract management as applied in large multinational organizations, including establishing standardized processes, ensuring compliance with regulations in different countries or regions, and managing risks associated with global operations. It also discusses the importance of sustainable procurement.
This document provides an overview of Workday's human capital management capabilities. It highlights Workday's focus on skills management, internal talent mobility through a new marketplace, improving the employee experience, career management tools, and its use of blockchain technology for credentials. Workday aims to provide an integrated HCM suite that helps enterprises accelerate people processes and adapt to changing workforce needs.
Starting a Business: How to Identify Good Business Idea?Ajjay Kumar Gupta
Â
The term opportunity implies a good chance or a favourable situation to do something offered by circumstances. In the same vein, business opportunity means a good or favourable change available to run a specific business in a given environment at a given point of time.
The term âopportunityâ also covers a product or project. Hence, the identification of an opportunity or a product or project is identical and, therefore, all these three terms are used as synonyms.
See more
https://goo.gl/swjZKK
https://goo.gl/xT7Azb
Contact us:
Niir Project Consultancy Services
106-E, Kamla Nagar, Opp. Spark Mall,
New Delhi-110007, India.
Email: npcs.ei@gmail.com , info@entrepreneurindia.co
Tel: +91-11-23843955, 23845654, 23845886, 8800733955
Mobile: +91-9811043595
Website: www.entrepreneurindia.co , www.niir.org
Tags
Entrepreneurship (Project Identification), Project Identification, Project Identification, Feasibility, and Planning, Project Identification in Entrepreneurship, Project Identification in Project Management, Project Identification and Selection Process, New Project Identification & Selection of Project, Project Identification and Selection, Project Identification and Project Selection, Identification and Preparation of Projects, Instant Online Project Identification and Selection, Project Selection & Identification, Guidelines for Project Identification, Identification and Selection of Projects, Project Management, Project Identification Reports, Selection of Right Project, Project Planning, Project Selection & Management, Project Identification Process, Identifying and Selecting Projects, Process of Identifying and Selecting, Steps in Identification of Business Opportunities, Process of Identifying Business Opportunities, Different Ways of Identifying Business Opportunities, How to Identify Business Opportunities?, Ways of Identifying Business, How Entrepreneurs Identify New Business Opportunities, Ways to Identify Leads, Identifying Business Opportunities, Identification of Business Opportunities in Entrepreneurship, Methods for Identifying Business, Steps to Evaluating Business Opportunities, Evaluating Business Ideas and Opportunities, How to Identify and Select Business Opportunity, Starting Business?, Identifying New Business Opportunities, Business Opportunity Guidance, Identifying Venture Opportunities, Ways to Start Business, Business Plan and Identification, Steps to Setting Up Your Own Business, Identifying Small Business Opportunities, How to Search and Select New Business, Identification and Selection of Feasible Project, Steps for Generating New Business Opportunities, Methods for Identifying Business, Process of Business Opportunity Identification and Evaluation, Project Profile on Small Scale Industries, Industrial Project Report, Project Consultant, Project Consultancy, Npcs, Niir, Process Technology Books, Business Consultancy, Business Consultant
Forrester Market Overview Projectbased Erp For Service Delivery Professional ...janbultinck
Â
The document discusses project-based ERP software for organizations that deliver project-based services to customers. It describes the business challenges these organizations face and how project-based ERP can help by integrating key functions like CRM, project management, HR and financials. Vendors highlighted include Deltek, which focuses exclusively on project-based businesses and offers the Maconomy ERP suite tailored for professional services firms. The ERP is meant to provide a single view of project data and metrics to help managers better oversee projects and resources.
Veel bedrijven die hun klanten services leveren op projectbasis hebben door het grote aantal en de variĂŤteit aan projecten behoefte aan een ERP-oplossing die alle project-gerelateerde data beschikbaar en inzichtelijk maakt op ĂŠĂŠn centrale plaats. Op dit moment is de data omtrent deze projecten opgeslagen in meerdere, verschillende applicaties die niet goed met elkaar geĂŻntegreerd zijn, zoals CRM, HRM en financiĂŤle applicaties. Hierdoor is er geen uniforme weergave van projectgegevens, ontbreekt inzicht in de status van projecten en is er sprake van inaccurate, gedateerde en dubbele data.
Market Overview Project Based Erp For Service Deliveryarjencornelisse
Â
The document discusses project-based ERP software for organizations that deliver project-based services to customers. It describes the business challenges these organizations face and how project-based ERP can help by integrating key functions like CRM, project management, HR and financials. Vendors highlighted include Deltek, which focuses exclusively on project-based businesses and offers the Maconomy ERP software tailored for professional services firms. The ERP is meant to provide project managers with a unified view of project data and metrics for better decision making.
Legal Transformation and Contract Remediationaccenture
Â
Accentureâs Legal Transformation practice offers specific solutions to meet the various challenges impacting a firmâs Legal function. Specifically, it offers contract remediation strategy, technology solutions and support to aid firms in managing large scale contract remediation programs due to regulatory change events such as LIBOR, BREXIT and more. Read our latest Legal Risk Study to rethink the financial services legal function: https://accntu.re/3eF9URP
The document proposes a concept called PRODEVSYS, which would be an expert system-based organization focused on property development projects in India. As the Indian economy liberalizes, there will be significant privatization and opportunities for private sector participation in infrastructure and property development. However, building expertise in these areas takes a long time. PRODEVSYS aims to leverage outsourcing/subcontracting to tap external expertise, rather than developing capabilities internally. It would identify projects, handle planning and coordination, and outsource specific tasks like construction, marketing, financing to other specialized companies. The goal is to become a major player in property development quickly using a lean model and external expertise.
Five ways to develop a successful outsourcing contractWGroup
Â
WGroup perspective paper on how to develop a successful outsourcing contratct--A few key aspects of an outsourcing contract typically drive its projected savings and return on investment (ROI). You must carefully consider all of these areas to avoid mixed financial results on your outsourcing project. Strategizing the following five areas can help you develop a successful outsourcing contract. The 5 key ways are contract components, unit pricing, resource volume, dead bands, and renegotiation bands.
Business analyst interview questions and answersRobin G
Â
The document provides interview questions and answers for business analysts. It begins with an introduction explaining the purpose of interview preparation. It then lists over 30 common interview questions for business analysts along with detailed answers. The questions cover topics like requirements gathering, documentation, analysis techniques, and responsibilities of a business analyst. Diagrams, methodologies, and concepts relevant to the business analyst role are also discussed.
Take The Highway To A Successful It Projectsantosh singh
Â
This document discusses two approaches to IT projects - using multiple partners or a single lead partner. The multiple partner approach risks fragmentation and lack of accountability, while a single partner can provide products, integration services and expertise with full accountability. Analysts find the single partner approach tends to have higher success rates as it avoids issues caused by limited collaboration between partners. The document recommends service providers choose a single solution partner that can deliver a best-of-breed product with in-depth knowledge and industry expertise to guide the project from start to finish.
Sanitised Project Plan for Project ManagementSandy Clements
Â
This document provides an overview and requirements for the Project Administration Toolkit (Project Tool) application. The Project Tool will allow project managers at Sanitized Company to set up and manage project information for purposes such as client reporting, budgeting, and billing. Key features in the initial Release 1.0 will include creating and modifying projects, setting up project teams and tasks, and assigning team members to tasks. The document outlines functional requirements, database design, security features, testing plans, and risks.
This is a mock up appraisal of an imaginary oilfield services organization, performed against the CMMI SVC practices. It is based on my own experience as a certified high maturity lead appraiser of the CMMI DEV and SVC constellations and a past experience in one of the world's leaders in consulting with a specialty in oilfield services. The article is meant to illuminate how the practices are pertinent in that particular industry. It was developed a few years ago as part of the requisites to become certified for SVC by (then) the SEI.
Company Valuation webinar series - Tuesday, 4 June 2024FelixPerez547899
Â
This session provided an update as to the latest valuation data in the UK and then delved into a discussion on the upcoming election and the impacts on valuation. We finished, as always with a Q&A
Navigating the world of forex trading can be challenging, especially for beginners. To help you make an informed decision, we have comprehensively compared the best forex brokers in India for 2024. This article, reviewed by Top Forex Brokers Review, will cover featured award winners, the best forex brokers, featured offers, the best copy trading platforms, the best forex brokers for beginners, the best MetaTrader brokers, and recently updated reviews. We will focus on FP Markets, Black Bull, EightCap, IC Markets, and Octa.
LA HUG - Video Testimonials with Chynna Morgan - June 2024Lital Barkan
Â
Have you ever heard that user-generated content or video testimonials can take your brand to the next level? We will explore how you can effectively use video testimonials to leverage and boost your sales, content strategy, and increase your CRM data.đ¤Ż
We will dig deeper into:
1. How to capture video testimonials that convert from your audience đĽ
2. How to leverage your testimonials to boost your sales đ˛
3. How you can capture more CRM data to understand your audience better through video testimonials. đ
Building Your Employer Brand with Social MediaLuanWise
Â
Presented at The Global HR Summit, 6th June 2024
In this keynote, Luan Wise will provide invaluable insights to elevate your employer brand on social media platforms including LinkedIn, Facebook, Instagram, X (formerly Twitter) and TikTok. You'll learn how compelling content can authentically showcase your company culture, values, and employee experiences to support your talent acquisition and retention objectives. Additionally, you'll understand the power of employee advocacy to amplify reach and engagement â helping to position your organization as an employer of choice in today's competitive talent landscape.
IMPACT Silver is a pure silver zinc producer with over $260 million in revenue since 2008 and a large 100% owned 210km Mexico land package - 2024 catalysts includes new 14% grade zinc Plomosas mine and 20,000m of fully funded exploration drilling.
B2B payments are rapidly changing. Find out the 5 key questions you need to be asking yourself to be sure you are mastering B2B payments today. Learn more at www.BlueSnap.com.
How MJ Global Leads the Packaging Industry.pdfMJ Global
Â
MJ Global's success in staying ahead of the curve in the packaging industry is a testament to its dedication to innovation, sustainability, and customer-centricity. By embracing technological advancements, leading in eco-friendly solutions, collaborating with industry leaders, and adapting to evolving consumer preferences, MJ Global continues to set new standards in the packaging sector.
Tata Group Dials Taiwan for Its Chipmaking Ambition in Gujaratâs DholeraAvirahi City Dholera
Â
The Tata Group, a titan of Indian industry, is making waves with its advanced talks with Taiwanese chipmakers Powerchip Semiconductor Manufacturing Corporation (PSMC) and UMC Group. The goal? Establishing a cutting-edge semiconductor fabrication unit (fab) in Dholera, Gujarat. This isnât just any project; itâs a potential game changer for Indiaâs chipmaking aspirations and a boon for investors seeking promising residential projects in dholera sir.
Visit : https://www.avirahi.com/blog/tata-group-dials-taiwan-for-its-chipmaking-ambition-in-gujarats-dholera/
Zodiac Signs and Food Preferences_ What Your Sign Says About Your Tastemy Pandit
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Web portal for contracting jobs
1. EXECUTIVE SUMMARY
WEB PORTAL FOR CONTRACT JOBS
VERSION: 1
Prepared by: Shubhadha Iyer
Last Revision: 01 January 2021
2. TABLE OF CONTENTS
Copyright Terms & Conditions............................................................................................... 1
Executive Summary..................................................................................................................... 1
Portal for Contracting Jobs and Projects: Overview ............................................................................... 1
Industry Analysis..................................................................................................................................... 2
Contract Hiring as a Niche....................................................................................................................... 5
Benefits of Contracting ........................................................................................................................... 6
Benefit to Companies offering Contract jobs.................................................................................. 6
Benefit to Job seekers taking up Contract jobs............................................................................... 6
Limitations & Overheads of Contracting......................................................................................... 6
Contracting Portal: The Value Proposition ............................................................................................. 7
Transition to Contracting: A Roadmap for Organizations....................................................................... 7
Market Players........................................................................................................................................ 8
Competitive Landscape......................................................................................................................... 10
Facts & Figures........................................................................................................................................ 3
Marketing Strategy ............................................................................................................................... 10
System Design....................................................................................................................................... 11
Technology & Infrastructure................................................................................................................. 12
Operating Plan ...................................................................................................................................... 12
Execution............................................................................................................................................... 13
Sales Forecast........................................................................................................................................ 14
Projections ............................................................................................................................................ 14
Best Case: ...................................................................................................................................... 14
Worst Case: ................................................................................................................................... 14
3. Confidential Executive Summary
Copyright Terms & Conditions
⢠This Executive Summary is subject to copyright terms and has been created by
Shubhadha Iyer (âConsultantâ and âauthorâ).
⢠Use of this Plan for any purpose other than that specified by the Consultant is not
authorized.
⢠Information herein is meant to be kept confidential and must not be included in any
initiatives without the official consent of the Consultant/author of this document.
⢠The document contains Proprietary information and is being posted only for the
purpose of preliminary review by parties interested in constructing and implementing
the IT/software product (the âContracting Portalâ) proposed herein.
⢠Consultant must be officially informed and included in any discussions or initiative to
consider the proposed product in this business plan for development.
⢠It may not be reproduced or implemented in whole or in part.
⢠This version of the overview contains only generic estimates of deliverables from the
proposed idea. A customized and detailed estimate can be presented in response to
specific RFPs.
4. Confidential Executive Summary
SHUBHADHA IYER 1
Executive Summary
Portal for Contracting Jobs and Projects: Overview
This document proposes a Web Portal for the purpose of posting and hiring for B2C Contract jobs or
projects to be made available to job seekers by organizations offering contracted work.
The Executive Summary presents rationale for the construction of a Web portal that will enable
organizations to advertise and post Contract work requirements to the external job seeking public,
evaluate contractor candidate profiles and initiate the hiring process. Job seekers can view and apply
for contract jobs/projects and communicate with recruiters. Job posting companies will include end
customers or agencies with contract work requirements. The platform will involve other intermediary
agencies, or middle parties qualified to mediate and set up contractual work for the job seeker.
Discussion of the value and benefits from a dedicated âContracting Job Portalâ to meet business
and work requirements is followed by competitive analysis. A high-level plan is presented whereby the
site will provide the tools, services, and infrastructure to attract and recruit talented professionals on
contract.
Need for Contracting Portals and Contract Recruitment
Contracting: - A way to raise macro-level labour productivity while keeping capital costs in check.
⢠Hiring people on contract presents a cost-effective strategy, especially effective during temporary
slowdowns or in the opposite case, demand spikes.
⢠Contract jobs are considered bona fide âcorporateâ employment. These jobs/projects CAN and are
recorded in a personâs resume whereas other types of non-permanent work may not even be
âresume gradeâ!
⢠When faced with budget constraints, this is about getting maximum work done based on the âlean
meanâ approach.
⢠A viable approach for dealing with troubled times in industry.
⢠Contracting is a career-enhancing option for job seekers who are laid off or not in the permanent
job pool for valid reasons.
⢠From the corporate standpoint, it is always better to re-hire people on contracts rather than totally
laying off and rendering them jobless!
5. Contracting Portal Executive Summary 01/01/2021
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SHUBHADHA IYER 2
Industry Analysis
We consider the level of capability in two areas - where are the jobs and work requirements to enable
external hiring by organizations currently being posted, and specifically what are the resources
available to contractors and organizations-- for contracting?
⢠Based on the Indo-US and India Inc job markets over the past two decades as our case study,
we see the sites/portals offering work-- are predominantly of two categories i.e., Job sites and
Freelancing. The many job sites that had sprung up about two decades ago, gradually
consolidated into massive Job Portals that include all types of permanent or temporary jobs and
cater to large populations. We also have job aggregators. And there are jobsites that focus on a
particular region, industry domain, etc.
⢠Currently most of these portals have postings for contracts too (though limited).
⢠After regular jobsites, freelance work sites and âgigâ sites joined the race and gained a huge
customer base. In addition to these portals, jobs posted on social platforms, career portals and
professional networking sites have also gained popularity among job seekers.
TABLE 1 LEADING JOB AND CAREER PORTALS WITH JOB POSTINGS (INDIA) 12
Job Sites Freelance sites Job Aggregators Career/Social Networking
Sites
Naukri Upwork Indeed LinkedIn Jobs
MonsterIndia Freelancer SimplyHired Facebook
Timesjobs Flexjobs Careerjet
Shine Peopleperhour Mitula
⢠In terms of contract management expertise, we see the level of knowledge is specialized.
Contracting best practices and industry-specific contracting methods are widely practised and
discussed. We have advanced contract management system (CMS) and these applications have
been developed by major software vendors for managing every phase of the contract.
⢠Work modes that we refer to as âcontractingâ in this document are those commonly known as
âcontract staffingâ, âtempâ or âflexi timeâ jobs. We regard all the different types of contractual
work modes across the ladder as âcontractingâ, from clerical to skill-based and extending to
executive and management jobs, wherever it involves a contractual agreement.
1 This is not a complete listing only some prominent examples of sites are shown per category.
2 Most of these sites have an extensive global presence that includes India and other countries.
6. Contracting Portal Executive Summary 01/01/2021
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SHUBHADHA IYER 3
⢠But we exclude freelancing jobs from our âcontractingâ classification as it already occupies a
niche and freelancers today have standardized resources and supply chains to work with.
⢠Despite these advancements in industry, significant gaps can be observed when it comes to
sourcing and hiring individuals on contract (B2C contracts) and this is especially true in the India
job market. Contracts seem to form only a small percentage of hiring requirements.
⢠For general job seekers the available resources and facilities to search and apply for contracts
are relatively few, fragmented and not easily accessible despite the fact there are so many
contract staffing firms.
⢠Despite gaps in the supply chain, industry surveys indicate âcontract staffingâ in India is a
profitable channel with high growth potential, which points to an area worth developing.
Facts & Figures
⢠"According to industry reports, the temporary workforce is likely to account for 10% of Indiaâs
formal sector employment. By 2025. Indian staffing market is set to become worldâs largest"
(Source: posting on quora)
⢠"The total number of formal jobs in the country now stands at 74.9 million and is projected to
increase to 102 million by 2021. Formal jobs are those in which workers get access to benefits
like provident fund and insurance" (economictimes.com)
⢠With convergence of multiple objectives of different stakeholders, Flexi-staffing will help India
gain ability to harness its manpower optimally and this could become a win-win situation for all
parties involved. (https://www.zyoin.com/contract-staffing-india-changing-perception/)
FIGURE 1 (SOURCE: HTTP://ZYOIN.COM)
⢠"The Indian Staffing Federation (ISF), an association for the recruitment sector, said that flexi-
staffing grew at 16.3 per cent to reach 3.3 million in 2018, out of the total 463.4 million total
workforce".
7. Contracting Portal Executive Summary 01/01/2021
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SHUBHADHA IYER 4
⢠"This industry is expected to grow at 22.7 per cent to reach 6.1 million strong workforce by
2021" (https://www.thehindubusinessline.com )
⢠The Indian flexi staffing market size is to be valued at USD 4.19 billion, according to data from
the Indian Staffing Federation.(May 2018, https://www2.staffingindustry.com/)
⢠The staffing sector now over 1000 contract staffing firms, including the 15 leading firms that
account for Rs 270 billion in revenues.
⢠Sometime in the middle of the past decade (2010-2019) a leading Indian Job portal had "a
database of about 49.5 million registered job seekers", an "average of 15,000 resumes added
daily", and an estimated "51000 corporate customers".
⢠When searched, the above portal showed a total jobs count of about 400,000 at one time. Of
that, about 16,000 were contract openings. At another time, this site boasts of about 45000
"contract basis openings" i.e., the total number in their database at a given time.
⢠Another leading professional networking site which also provides job postings had about
10,000 contract jobs. (number of job users for this site from India about 65,090,000 in 2020).
This site gets "100 million job applications" every month, "over 30 million companies"âŚ."20
million open job listings", "100 million job applications" every month and these are totals across
all geographies.
⢠From this data it can be seen that:-
o In terms of numbers there is a large market of people for temporary or contract jobs.
Staffing firms are present, and contract requirements are available in IT and several
other industries. So, the structural eco-system for contractual jobs is fairly well
established and growing. Yet the jobs portals have at best only about 10% job postings
in each site showing jobs of contractual mode.
o We may infer that the online contract hiring supply chain is not currently developed,
standardized, or utilized enough. Specialized online portals for contracting work- are an
obvious solution, but we find very few such portals (online search in 2020 reveals less
than three (3) contract job portals in the India market)
⢠We may conclude that online portals for sourcing individual contractors from the external
environment is an under-played space where an integrated âContracting platformâ solution can
greatly formalize, standardize, and expedite the contract hiring process.
8. Contracting Portal Executive Summary 01/01/2021
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SHUBHADHA IYER 5
Contract Hiring as a Niche
Contracting versus Permanent Jobs and Freelancing
Now in this type of industry, we examine the benefits of a more focused strategy: - splitting contract
work as distinct from other permanent jobs or freelance work and having a separate dedicated portal
for posting contract work requirements to the general public.
Given the scale/ size of projects involved in the jobs and recruitment value chain, we estimate that
Contract sites will occupy a niche somewhere between permanent jobs and freelance work. In this
context, significant observations can be made on how different contracting is from other work modes
such as permanent jobs, and freelancing.
⢠Differences between Contracting and Freelancing:
o As the average contract project is typically longer and more complex than a freelance gig
and different in many ways from freelancing, it should be positioned separately. Contracting
often involves working on-site (unless specified as remote-work or in other special cases).
⢠Differences between Contract and Permanent jobs:
o Contracting people for work at a given company involves an entirely separate process at
least to start withâdifferent types of contract paperwork, and different recruitment
procedures. Specific HR policies and other hiring criteria are usually involved in scoping and
fulfilling contract requirements and managing the contract lifecycle.
Should companies switch to Contracts instead of Permanent jobs?
Not completely, that is not recommended as such a move would obviously not appeal to all job seeking
segments. Young people in their 20âs, 30âs or even older may prefer permanent jobs rather than
contracts for the long-term stability, brand value and career growth that comes from working directly
for a company.
And the online freelancing sites, having gained an incredibly talented and impressive fan base that can
provide results quickly, is another niche that is sure to continue profitably in future.
⢠Even so, not all work modes make âcorporate careersâ- Contracting can and often does.
⢠Contracts usually involve the corporatized work force, working directly or indirectly through
agencies. And allow people to fulfil work demands across the spectrum, that are challenging
and a great value-add for companies.
9. Contracting Portal Executive Summary 01/01/2021
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SHUBHADHA IYER 6
Benefits of Contracting
Why should Companies augment their Contracting strength?
The view forwarded here is that a company should take steps to optimize its work force and adapt to
changing times, by hiring more people on contract. Despite some limitations, it can be seen that
benefits of contracting will far outweigh the costs. A contracting strategy can surely benefit the
company for taking in talented and hard-working people. An organization should meticulously plan its
contracting work requirements, then implement these plans through the HR department or an external
Agency to source the right contractors. The benefits of contracting are enumerated below.
Benefit to Companies offering Contract jobs
⢠Major cost savings that allow them to continue hiring even in an economic slowdown and
optimize the talent pool even in recessionary times.
⢠Ability to tap into diversified talent across a wider spectrum of the task force.
⢠Ability to maximize utilization of certain segments of the work force better suited to contracting
than permanent roles.
⢠Can ramp up staff strength with minimal risk of redundancies and lay-offs.
⢠Special situations and demand spikes can be addressed through contract hiring.
⢠Contractors have been proven a globally competitive asset in situations whereâinnovative and
off-beat contributions are required at short notice, performance levels need to be raised, or
specialized skill sets are required- and a host of other requirements.
Benefit to Job seekers taking up Contract jobs
⢠Certain job seeker segments may be ideally suited to contracts based on demographics and
other factors --e.g., higher age groups. And there are skill types, personality types or people
going through special life stages who can deliver far better value on contract.
Limitations & Overheads of Contracting
⢠Cost overheads are involved in contract management and setting up dedicated HR resources.
And there is investment required for setting up quality control and other functions that govern
contract agreements and policies.
⢠Among job seekers, the general view is that contractors miss out on the growth and stability
that permanent employees enjoy. Not to mention the perks and long-term benefits.
10. Contracting Portal Executive Summary 01/01/2021
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SHUBHADHA IYER 7
Contracting Portal: The Value Proposition
Why is a dedicated Contracting Portal/ Platform - the Need of the Hour?
As noted earlier, the process of hiring, working, and managing work contracts is different from
other work modes, high in complexity and involves organizational resources. But a dedicated
contracting portal can bridge this gap for organizations and industry.
⢠Convenient and quick solution to fulfil contracted work requirements across all levels.
⢠Organizations can minimize their investment in setting up the contract hiring process.
⢠The portal serves as a hub, bringing together the primary stakeholders, intermediaries, and
other groups to successfully initiate and conclude the hiring for contract work.
⢠Job portals today usually combine requirements for different work modes into a standard job
description format. But this limited design does not allow specification of key contract
agreement terms, or contract types. It does not provide enough information or resources to
negotiate, initiate and manage contract hiring in a more efficient and focused way.
⢠Contract management is now a specialized area involving systems and process to manage the
contract lifecycle (CLM). But not all companies have contract management.
⢠An organization that is used to contracting projects should have set up procedures that are fair
and progressive for contractors while being cost-effective and efficient.
⢠Where a company is considering taking in contractors for the first time, a platform can
definitely work to outsource contracting requirements and speed up hiring. In other words,
organizations lacking prior experience taking in contractors can avail comprehensive
contracting services through this platform.
⢠Even those that have an internal contract management system (CMS) in place, would benefit
from an external portal that provides inputs to their own system for supplying contractors and
participates in automating and tracking the initial stages of contract hiring.
Transition to Contracting: A Roadmap for Organizations
⢠The organization should conduct a needs assessment to accurately forecast and estimate their
contracting requirements.
⢠For the given time frame, this will give an idea of which job requirements can be contracted,
how the current employee force is positioned to meet these requirements, and what type of
contractors can be added to bridge the gap.
11. Contracting Portal Executive Summary 01/01/2021
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SHUBHADHA IYER 8
Market Players
The Contracting portal must be designed to benefit a wide range of contract providers and job seekers
in industry. As noted earlier, this platform would serve as a hub for all the stakeholder groups and
individuals involved in contract hiring based on a B2C model.
Contract Job Providers
⢠Organizations that post vacancies (directly or through agencies) based on their
contracting work requirements.
Contract Intermediaries
Middle-party agents- both firms and individuals can play a pivotal role in contracting.
⢠Contracting Agencies connect the client company to the job seeker. In a lot of cases this
is the contract staffing firm that would link the end company and contractor.
⢠Agents would coordinate the contracting process (as required)-- initiating the selection
process, locating contractors with skills and competencies to meet the work demands,
facilitating discussions between job providers and seekers, performing quality assurance
checks on the information being exchanged, and even coordinating agreement signing
and payment transactions.
⢠Certain job postings may require the Agent to assist the end company by providing
other high-end services along the contracting process, e.g., guaranteeing confidentiality
to certain send clients, providing documents for contractual agreements and
compliance, legal paperwork to enforce terms and conditions, and participating in
business negotiations.
⢠Agencies acting as contract mediators and coordinators may be arranged by the site i.e.,
the job provider can choose an agent from the site listing. Alternatively, a contractor can
just nominate their own contracting agency.
⢠Consider an Agent for IT/ Software Consulting contractors -- this could be a company
that locates consultation work for registered contract consultants as per their field, and
coordinates contract agreements and payment.
⢠The agent will also help to eliminate redundancy -- one of the greatest drawbacks to
jobsite registration, is entering exhaustive information as a job-seeking candidate, and
then be "lost" in a big database if one never gets selected.
12. Contracting Portal Executive Summary 01/01/2021
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SHUBHADHA IYER 9
⢠Contracting agents will actively scout for the type of work that a contractor is looking for
and locate opportunities for the contractor.
Other Contract Intermediaries
⢠Placement firms may register on the site and serve the same purpose as agencies.
⢠General recruiters may also act as contract intermediaries for a project.
Contract Job Seekers
⢠Individuals seeking contract jobs or projects.
Contract Service Providers
⢠Service providers may be required at various points in the contracting process.
⢠For example, Legal advisors, insurance providers, documentation, and other industry-
specific experts.
Business Partnerships
⢠Technology companies that can provide the Tech, mobility, and communications
infrastructure for setting up the online portal-based contract sourcing and hiring process
may form partnerships with the portal to deliver value-adding products and services.
⢠Contract Management Software (CMS) vendors can participate in this business model.
For example, after hiring a candidate through this portal, a small business or start-up
may decide to manage and administer the contract lifecycle through a hosted solution
provided by the CMS vendor.
FIGURE 2 CONTRACT PORTAL STAKEHOLDERS
13. Contracting Portal Executive Summary 01/01/2021
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SHUBHADHA IYER 10
Competitive Landscape
The current landscape for online recruitment is dominated by the mega jobsites, portals for
freelancers, temp jobsites, professional/ social networking, and skill sites. And yet, we see that a
focused online Contracting platform with services for individual contracting- this opportunity stands
unexplored and still offers immense potential for business!
⢠While it is true that current job sites have impressive databases and are able to provide job
requirements of all types- permanent, temp jobs and contracts, we can see the contracting
supply chain is so distinctive and different from other job types, and also offers such a potential
value add that a dedicated site should attract enough customers and provide a sustainable
advantage.
⢠It should be noted that many companies have internal (intranet) sites and networks for the
procurement of contractors, typically based on a B2B model.
⢠Contract Management Systems (CMS) that automate all stages of the contract lifecycle are also
in use, and many of these cater to industry-specific requirements within each company.
⢠Even so, the space for a platform with services for individual B2C contract hiring in the external
business environment remains unsaturated.
Marketing Strategy
Projected market size for this type of platform is large, and as outlined previously, many points of
demand can be identified. Of course, the success of the venture hinges on how effectively the portal is
marketed.
To attract customer groups, this portal should be advertised through the main channels for an online
service (e.g., internet and banner ads, targeted marketing campaign lists, online and traditional media).
Additionally, business partnerships will be sought with established major product and services.
Strategic incentives for drawing contract job providers and seekers to the site would include:
⢠Access to vacancies posted for Contract jobs or projects.
⢠Access to specialized contracting resources available through the site to job providers and
seekers. For example, list of third-party Contracting agents, guidance, and assistance for
preparing contract agreements, and tools for managing the contracting process.
14. Contracting Portal Executive Summary 01/01/2021
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SHUBHADHA IYER 11
⢠Wider professional exposure - [choice-based and subject to privacy] Contractors, Agencies,
and service providers would have an additional channel to showcase their skills and area(s)
of Specialization.
⢠Professional networking resources offered through the site.
System Design
⢠We can assume the site design for this portal will have some basic features similar to that of a
regular job platform. Job seekers will have contract search facility, applications, candidate profile
maintenance, and career services. Job providers, recruiters and placement firms can post contract
requirements, search candidates, and communicate with candidates.
⢠The following advanced functionalities will differentiate this Contracting platform: -
⢠Ability to specify the type and nature of the prospective Contract Agreement such as Fixed
time, fixed cost, Retainer- based, Blanket agreement, and related attributes to describe a
contract opportunity in detail. (E.g., is it remote-work or onsite?)
⢠Ability to specify contract-specific terms and conditions that determine the contract
lifecycle e.g., is this a Contract to Hire (C2H) requirement?
⢠Where some agreement details are still to be decided, these points can be left open for
discussion and negotiation over the platform.
⢠Ability to specify the type of intermediary agency managing various phases of the contract
life cycle. In some cases, there may be multiple Contracting firms, placement agencies,
and/or independent recruitment professionals involved.
⢠Ability to specify structural aspects concerning the primary and secondary stakeholders e.g.,
is this a direct contract or sub-contract? In direct contracts the contractor will directly work
for the end company.
⢠There can be complex sub-contracting structures involving for example- a recruitment firm,
legal advisors, and two intermediate agencies through which the contactor executes the
project work.
⢠While it may not be possible to specify the full details when the contract opportunity is
initially posted online, the portal can certainly accelerate and standardize the process of
planning, negotiating, and closing the contract sourcing deal.
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SHUBHADHA IYER 12
Technology & Infrastructure
The focus should be on providing cutting-edge technology and tools in these critical areas:-
⢠Advanced tools for resume/profile information uploading, processing and maintenance.
⢠Adding and maintaining comprehensive contract information.
⢠Convenient communication between prospective contract providers, agents, and seekers.
⢠Contract/ candidate search engines, and to enable quick and convenient applications.
⢠Site planning also calls for the integration of software to drive Intelligent search.
⢠Analytics for contractors to view their search activity, application status and other metrics.
⢠Analytics for contract providers- to assess and plan their goals, activity and status related to
contract hiring.
⢠Artificial Intelligence and ML would definitely play an important role in empowering the above
functions.
Operating Plan
⢠The project implementation for the portal development can be split into 6-month phases.
⢠Phase I will officially begin with the launch of the platform (i.e., complete construction and
submission to search engines). Widespread marketing and advertising will be undertaken to
build the customer base, and to implement changes based on customer feedback.
⢠The scope of this phase will be limited to candidate sourcing, selection and enabling support
services toward hiring on contract.
⢠At the end of 6 months, the customer feedback, registration statistics, and total transaction
value will be analyzed to ensure that minimum performance thresholds are met, which will
allow continuation to Phase II.
Return on Investment (ROI)
The Contracting Portal strategy would offer a high return on investment if offering an optimal choice of
contract-based design, services, and tools.
⢠If not âthe first moverâ a company that forays into this space can enjoy being âamong the first
moversâ in this sparsely populated niche.
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SHUBHADHA IYER 13
⢠Revenue will depend on what the contract job provider wants to pay for the posting and related
services, what the job seeker will pay, and the commission fees from service providers and
business partnerships if any.
⢠Suggested business model for the initial phase - Registration will be free for job seekers.
⢠Job providers will be charged for access rights to the contractor databases (prospective buyers
will be charged monthly subscription for use of the database).
⢠They would also pay for various contract hiring services availed through the site (contract
initiation, coordination, and management).
⢠Commission fee will be paid to the contracting agents for successfully closed deals.
⢠If the registered buyer selects contractor(s) from the portal and obtains Services, a commission
will be charged on the transaction.
Execution
Execution Phase
Phase I activities will consist of the following milestones:
1. Official launch of fully constructed portal with registration functionality.
2. Marketing and advertising for building customer base.
3. Expanding the Database of clients and job seekers.
4. Web site technical maintenance and support
5. Quality Control and Customer Support Services.
Table 1. Estimated Phase I Development & Maintenance activities
Activity Estimated Duration
Contracting Portal and App Construction 6 months
Marketing & Advertising 3 months
Site Maintenance with secure E-Commerce activation 3 months
TOTAL 12 months
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SHUBHADHA IYER 14
Sales Forecast
⢠Based on the above plan, the goal is to build a database of at least 300 registered companies
who are Contract Providers, 100 Contracting intermediaries and 30,000 registered Job seeking
Contractors at the close of 6 months (Phase I).
Projections
Best Case:
Based on this fundamentally strong value proposition, it will be able to offer numerous resources to its
members and to general visitors.
⢠Within the first six months of launch, this site will make an entry and establish itself as a
distinctive presence in the Contracting jobs and services marketplace.
⢠Investment funding is sought as development and maintenance capital. Subject to the first
phase performance and growth factors (measured by number of site hits, number of registered
buyers and sellers, and number of service transactions) being positive and profitable, the plan is
to grow and evolve as a Contracting jobs and services platform.
Worst Case:
Operated based on a robust and efficient plan the Contracting site will be beneficial to users even in its
most rudimentary form.
⢠In the event the site does not attract the anticipated number of customers, the fundamentally
strong value proposition will ensure its presence as a secondary or support service to other
players in the job market.
⢠Technical infrastructure incorporated into the site should continue to attract revenue.