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trend
mill
Temporary staffing the
buzzword in job mart
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Ashok Reddy
— Photo by
Manoj Mahajan
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With
the retail market projected to grow by 30 per cent in the next
five years, over 20,000 new jobs are likely to arise during
this period in the northern region. In this scenario, the
staffing business, with a Rs 350-400 crore turnover, is set to
expand rapidly. The market for temporary jobs too is set to
gain from this growth with the telecom, banking, BPO and
manufacturing being among the sectors in need of more and more
short-term staff.
Though
globally, temping (temporary leasing of staff) is a $ 140
billion industry, in India it's still in a nascent stage.
Ashok Reddy, Managing Director, TempLease, throws light on
this emerging concept and its scope in the northern region.
Excerpts from an interview:
What does the
concept of temping entail?
'Temps' or
'associates', as we call them, are temporary workers who are
deputed to various companies who prefer to outsource their HR
operations. The 'associates' work for the company they are
assigned to but are on the pay roll of the staffing or temp
leasing company. The duration of a temporary job is three to
nine months.
How is
temping different from hiring people on contract?
A contractual
worker gets his pay from the company that hires him and may
not be entitled to benefits like PF, medical reimbursement and
the like. But an 'associate' is on the payroll, not of the
company he works for, but the third-party staffing firm that
'leases' him out. And he enjoys benefits like gratuity, PF,
ESI, group insurance, etc. A 'temp' has a support system, he
feels part of an organisation and, in 95 per cent of the
cases, is assured of seamless transition from one project to
another.
What is the
scope for this concept in the northern states?
The telecom,
ITES/BPO and BFSI (banking, financial services and insurance)
sectors in the big cities beyond the metros hold out a lot of
promise in terms of short-term jobs. Since the increasing
workflow in these areas is sourced mostly out of Chandigarh
and its satellite towns, the temping concept can easily
piggyback this growth. Owing to the presence of various
reputed professional and educational institutes in this
region, there is a vast talent pool that needs to be tapped.
— As told to
Chetna Keer Banerjee |
