Though temporary staffing is not a new phenomenon in the global corporate scenario, it is a relatively new concept in India and with more and more MNCs starting operations in the country, the trend is growing rapidly. Undoubtedly, temporary staffing provides a win-win situation for both the employer and employee. Let us discuss some of the factors of temporary staffing in brief.
Benefits for the companies hiring employees on temporary basis
The most tempting factor for the companies to opt for the temporary staffing is the reduction of cost and increased ROI.
As the cost of hiring the temps are shown as the consultancy charges, the companies can limit their payroll and hence their revenue per employee ratio improves and it has a direct impression on the stock market.
One of the major concerns of the IT and ITES sector is the high level of attrition, which is almost 100% in some companies. With temporary staffing, the companies are provided with a new employee as soon as one leaves the job.
It is also effective for a company, which does not want to build expertise in the non-core operational areas. Like TCS (one of the leading IT companies in India), hires temps for its maintenance and secretarial jobs.
Most of the temps hired by the companies are experienced in their respective field and hence, are focused on successfully executing the job within a specific time limit.
Benefits of the Temps
Working as a temp gives the person more flexibility and freedom at work
Experienced and expert professionals are opting for temporary jobs as it reduces the stress and responsibility.
Often employees earn more than what they could have earned as permanent staffs.
Many companies recruit from their temporary staffs.
Working as a temp, one can get exposure to different industries before choosing the right industry for them.
We, at FuturZ Staffing Solutions, are offering unique solutions that will give our clients as well as the candidates an opportunity to get the most of this situation.