Company Bench founder and CEO Chitiz Agarwal told TechGraph:
Read the full interview:
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TechGraph: Can you tell us how much progress has been made since Company Bench came out?
Chitis Agarwal: Company Bench was founded to bridge the skills gap between organizations that need skilled IT professionals on an immediate (and contract) basis and those that deserve IT aspirants looking for work.
Since its inception, the initiative has helped hundreds of companies and recruiters hire skilled and talented people within 24 hours.
As the global IT industry is going through a challenging time, corporate benches have proven to be important recruitment portals. We never imagined that this venture would play such an important role in helping candidates secure the right jobs and companies recruiting top talent.
TechGraph: How do you see the technology of artificial intelligence and machine learning in terms of relevance across sectors? What does the future look like?
Chitis Agarwal: It’s amazing how quickly technologies like artificial intelligence and machine learning have penetrated the mainstream. Just two years before him, these technologies were considered niche and inaccessible. Today everyone on computer or mobile uses ChatGPT!
AI and ML have had a huge impact on the IT industry, mainly because they are products of the same industry. This technology makes it easier for businesses to forecast, analyze trends, anticipate demand, and stay ahead of the curve.
As for the future of these technologies, I don’t see them fully replacing humans. But they replace humans who don’t know how to use them to their advantage!
What is the investment philosophy you follow at TechGraph: Company Bench?
Chitis Agarwal: Company Bench follows a growth-oriented and value-oriented investment philosophy according to the company’s primary goals and objectives. Our growth-oriented approach allows us to prioritize high-return, if sometimes high-risk, investments. A value-oriented approach, on the other hand, helps prioritize investments with strong fundamentals.
Company Bench, an online portal that connects recruiters and candidates, focuses on investing in the latest technology to power its platform, improve user experience and make the hiring process seamless for all parties. .
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TechGraph: How do you see recent layoffs by organizations across industries?
Chitis Agarwal: There is no doubt that the global IT industry is navigating difficult waters. In my opinion, short-sighted decisions made during the pandemic, resistance to change, and traditional methods of hiring have put too much pressure on the IT giants, leading to their recent layoffs.
But all is not lost and there is still a glimmer of hope for the industry to get back on track. I understand. This is mainly due to the project-based employment model and the introduction of modern technology. If all companies started to change their business models like that, the global IT sector would be very successful again.
TechGraph: How is India overcoming the fear factor in hiring tech talent?
Chitis Agarwal: Recruiting in-house technical talent comes with many financial and other responsibilities. Once hired, you will be required to pay a fixed amount of salary regardless of the number of projects. This, along with large onboarding and other commitments, increases the financial burden borne by the organization. This is a major concern when hiring technical talent in India.
The best way to overcome this fear is to hire an IT professional on a contract basis. When an expert is hired for a specific project, they are paid exactly for the time spent and the tasks completed. Additionally, this prevents you from living in fear of establishing a long-term relationship with your employees if you find them doing poorly.
TechGraph: What are the new trends in the IT department?
Chitis Agarwal: While the industry is going through tough times, IT departments around the world are welcoming many new trends. You must be living under a rock to be clueless about the wave ChatGPT has created in less than two months! It is designed to save labor.
Other notable trends in the IT sector include the increasing importance of big data management (which is closely related to AI and ML), cloud computing, AR/VR finding mainstream applications, and intelligent data analytics. . When it comes to managing workspaces, more and more organizations are switching to a hybrid model to give their employees the flexibility they need. There may be a new IT trend underway when I give this answer.
TechGraph: What do you think about the role of technology in redefining the IT department amid layoffs?
Chitis Agarwal: Technology has turned the world into a global village. It has brought people together and facilitated seamless connections around the world. The same virtues of technology will play a major role in redefining his IT department amid an outbreak of layoffs. Qualified IT aspirants flock to internet job portals and social he networking platforms in search of jobs. Technology enables such candidates to explore job opportunities and connect with the right recruiters.
In addition, the latest technologies are enabling IT professionals to improve their skills and become proficient in areas such as AI, ML, AR, VR, Blockchain, Cloud Computing, DevOps, etc., increasing their re-employment potential and leading to better jobs. is now ensured.
TechGraph: Any expansion plans?
Chitis Agarwal: Expanding our business to multiple locations across India can be a great way to reach a wider audience and grow our customer base, so our expansion plans will allow us to open offices in multiple locations. It’s about opening, expanding reach, and serving all strata of the country.
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