Contractual jobs have been growing at a strong 15 per cent CAGR since 2022, and an even bigger leap of 20–25 per cent is expected in 2024 compared to the preceding year, according to a report by Careernet.

The report titled ‘Contractual Hiring Trends in India,’ noted that offshoring services companies continue to employ the largest share (around 55 per cent of all contractual employees in IT staffing vertical) about 30 per cent with GCC and remaining 15 per cent with domestic conglomerates and start-ups.

Careernet unveiled that role in the software development discipline, in areas such as backend, full stack/Java, .NET, frontend will make up for the 50 per cent of the flexible labour market for technology professionals. The remaining 50 per cent will be other roles such as ERP, Analytics, Testing and System/NW Administration by the end of 2024. Automation testing, NET and Java are the frontrunners as far as the demand is concerned.

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