The Business Of Temporary Staffing
July 15, 2007
Temporary staffing or temping, is emerging as the fastest growing recruitment trend in the country. Globally a $140 billion business, while third-party contracting is yet to play a dominant role in India, it has gained a foothold with a large number of big and small companies opting to engage staff without the responsibility of managing them.
There are many challenges and behind the scene complexities for temporary staffing organisations who have to pay a fine balancing act in attracting and retaining the right resources for their client organisations.
It is not an easy job for temping companies to lure skilled talent who look for established names and permanent positions. This despite the fact that nowadays flexible career is no longer an unattractive option for many professionals.
Attrition remains a challenge for all organisations in the IT and BPO sector, and temporary staffing companies are no different. “Organised temporary job is a bridge to permanent employment. Out of our 70,000 temps on the rolls, more than 40 percent find permanent jobs within a year and 8-10 percent leave for higher studies,” says Rajesh A R, Vice-president, TeamLease Services, focussing on the severity of the problem. He further points out that several of the labour laws (like CLRA) inherited by India from the pre-independence times, are outdated and must be scrapped or rewritten. Most of the existing labour laws do not really suit the major knowledge-intensive industries that have risen in recent years.
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