The demand for the staffing is reaching heights with the great rise in domestic collaborations between companies over the last couple of years. As per a recent research conducted, the staffing industry is tending to show a steep increase in the coming years and the reason for the same is either the increasing need for a flexible workforce that can be aligned for any kind of upcoming projects or the expectation of the engineers to have a more mobile or flexible work environment that would enable them to utilize their expertise as per the demand of the situation.
Also, it was observed that when a black economy is flourishing, the companies will consider the entire staffing needs to be strategic and more cost effective. India as a geography is considered to be the top 5 nations prevalent in the flexi staffing industry. However, India also is the only nation where the flexi staffing industry till now does not have a regulatory recognition. So we can conclude that it makes more feasible to make certain provisions, set up general guidelines that will surely encourage contract staffing in such areas that will lead to adding value to the companies who will opt for the same.
There are many developing countries with skilled resources at a very affordable cost, but India stands out to be the most concentrated hub for outsourcing in the global staffing industry. Staffing in India holds to be very crucial as all the resources that the companies need to hire based on some contracts are from the unorganized sector that will have low social security. Seeing the current scenario it is expected that the staffing services in India is going to show a constant increase in the coming years.
Contract staffing wherein a resource is being hired for a particular project based on some contractual terms is the need of the hour in the Indian IT industry and hence all the major Managed Service Providers are looking for huge upcoming opportunity to encash upon making greater profits. Considering the latest pace at which this industry is growing in India, this can easily surpass all the competitive countries in next few years.
The increasing staffing trend is meant to reduce risk factors and it can even be a strategy to alleviate the uncertainty of risks involved with the project inflow. We can easily evaluate that the contract staffing concept is generally more expensive than the regular staffing. Also, it is very well known that contract staffing is mainly meant for short term assignments. As a business practice, generally no company tends to have a regular staff for their entire requirements and only opt for contract staff for a portion of the total capacity. With its added advantage, contract staffing is expected to show a steep increase in the coming years.
There are many Indian Companies wherein hiring a part of their workforce taking assistance from the employee staffing firms or Managed Service Providers like us is a very well accepted concept trending these days. And companies do it in order to focus dedicatedly on their business strengths and the non-core functions of the companies are easily outsourced that are being taken care by their outsourcing partners very efficiently in this competitive environment. As mentioned earlier, this manpower staffing is based on the contracts ranging from 3 to 6 months or more pertaining to all the terms and conditions mentioned as per the contract. This ensures that there is no hassle for the recruitment and the company gets the best of the skilled resources without having to invest a minute of their crucial time. So it serves the purpose of both the companies and the Staffing agencies. Companies get the best of resources focusing on their core business and Staffing agencies deliver the clients with the best of the resources that will fulfill their client’s requirement leading to a win-win situation for both making profits.
The manpower is provided by the employee staffing company and for whom the contracts many range from 3 to 6 months, and there be no hassles normally associated with recruiting and retaining people.