Temp staffing in India on the rise

BANGALORE: Team Lease Services, a company specializing in providing employee leasing related HR, outsourced activities to corporate, has announced that temp staffing in India is all set to grow and touch 8 million to 10 million jobs, with most of the growth being fueled by domestic corporations.

At a press conference, the company said that it had around 2,000 leased employees in one and a half years of operations, which is expected to touch the 5,500 by March 2004.

According to Team Lease Services MD, Ashok Reddy, a corporate only has to decide on its manpower strategy and convey the same to the company. TeamLease then recruits or sources the employees for the company to fit with those requirements along with taking on most of the HR administration jobs once taken on.



"We have an active database of around one lakh associates or employees. Our strategic partners, like Monster, provide other bases from which we can draw associates," he added.

Reddy also assured that these temp workers are provided with most of the benefits that are given to employees on the roll of corporate.

"The global temp staffing market is estimated at $140 billion per annum in revenue. Since the 1990s, the markets in the US, Europe and roundabout have been growing at around 15 percent to 20 percent year on year. In India, it has been more of a latent market so far and there are around 15,000 temp workers overall now. But we fully expect this to grow and touch multiple thousands in the very near future," said Reddy.

The company had recorded revenue of Rs 10.5 crore within nine months of operation and around eight percent of its 2,000 odd temp workers were in the IT segment.

(CNS)