Temporary hiring in India is one of the historical forms of workforce deployment. Employers would use temporary or contract staffs in the field of art & sculptor, architecture, education, construction and short-medium tenure workforce requirements across boundaries. We are consequently building on an ancient model and typically reinventing the wheel.
In the recent past, temporary hiring was in trend for manufacturing, gas, oil and other primary segments. It was mostly disorganized, and we did not notice it. However, temporary hiring in India gained significant acceptance among organizations and workforce because of the volume it created with the rise in the Information Technology zone.
The need of specific skill set and individual positions create the demand for temporary hiring in India. Here, it reveals that the connection between the temporary staffs and the organizations is for a fixed period and is subject to renewal. The fundamental intention of hiring temporary workforce is that companies want to focus on their primary business. Following are the other reasons for hiring temporary workforce:
• Help businesses accelerate the recruiting procedure.
• The company does not have accountability associated with permanent employment.
• The period of the job agreement is flexible.
• A broader talent pool access.
• The decrease in managerial expenditures.
• Flexibility to convert a temporary employee to permanent.
Following are the challenges which staffing industry usually faces:
• Staffing firms are not entirely ready for great turnkey ventures and managed facilities.
• Unplanned attrition and roll-offs of contacts affecting the productivity of the employment firm.
• The aspect of associate engagement remains to be a substance of worry for all staffing firms.
• Cyclical requirements are causing unexpected retention cost.
India is confident for a decent growth year. Some major companies in their respective industries have projected proper development for the FY 2017-18. The temporary staffing industry will be a direct receiver of benefits due to the indicating growth. The BFSI, Healthcare, e-commerce, retail, and telecom sectors will lead the growth of Indian industries in the following years to come as per the industry reports.
The staffing sector has systematized itself to guarantee excellent agreement values and has constructed a mechanism for prompt distribution. Information technology systems have become advanced, and many top staffing firms are utilizing social platforms to build the connections. As per prominent business information, the temporary staff is expected to form about 15% of India’s decent employment in the subsequent ten years. India has the third primary temporary staffing workforce globally, after China and the United States. India retains its position as the leading recruiter of the temporary workforce for 15 million employees. IT and IT-enabled services are projected to develop by at least 20% y-o-y in the following three years.
The temporary employment industry is transforming quickly from helping the blue-collared workers to IT/ITeS workforce. Moreover, it is serving to the niche and average level roles within businesses. It is no more a distasteful choice to be a temporary or contract worker. The job market is changing fast in India and the best words like gratuity, loyalty, career building, longevity, etc. are turning to be old school thoughts. Today, the jobseekers focus on faster & better career choices and knowledge opportunities rather than a long-term job.
The market share of the temporary employees will further rise due to several government policy-focused initiatives including the outdated labor laws liberalization. It is the correct time for the structured temporary staffing companies to amplify the operational competences. They have to form distribution volumes to measure the new development curve, create engagement channels for connections and create the operations technically stronger.
The businesses and client should be equipped for merging of the small companies into large organizations with large organizations dealing with the demand of market growth. It requires that the clients and staffing companies, which handle temporary hiring in India, must grow to manage contradictory requirements, adapt to the transformation, and manage development.