Some statistics regarding staffing companies in India
In general, the staffing industry has increased in importance in the last decade. 77% of millennials according to statistics are planning to increase the use of staffing companies in the next five years. According to an ISF Annual Report in 2021-2022, the employment for general staffing increased by 21% and it added 0.15 million to the formal workforce while the others were added to the IT and other professional services. In other reports, it showed the numbers increase further and it keeps increasing with upcoming years. The importance of staffing companies in India has increased due to the fragile economic structure of the country. A large number of options have opened up in the Labour industry and have given incentives for employees to take up opportunities at the drop of the Hat.
Understanding the value of staffing companies in India by assessing global demands
We live in a globalized world where the impacts seen in one country will affect others. To understand the value of staffing companies in India it is important to analyze some of the statistics related to other countries such as America.
- In 2021 American staffing firms in one week supplied 3.000.000 temporary and contractual workers.
- Every year the number of staffing firms has been increasing in the United States and in 2021 it was 25,000 staffing agencies existed in the country.
- The size of the United States staffing industry is equal to 151.8 billion dollars.
America is known as the greatest country in the world and has been advancing even during times of recession. The Industry in India has also grown exponentially after the pandemic. The industry has provided employment to a diverse population and flexible work opportunities for both women and men. The industry caters to the top sectors such as IT, edutech, eCommerce, Pharma, etc.
Advantages of using staffing companies in India
Some of the best staffing companies in India provide exceptionally skilled and trained professionals who are suited for specific projects. The main advantages are:
- Hiring speed – You can hire someone within a short period without disrupting the workflow. The staffing company will have a large pool of candidates already available for your consideration. They will do the hiring process by selecting the best candidate suited for the job.
- Freedom from legalities – One of the greatest advantages of using a staffing company is not being bothered about taking care of legal compliances. The staffing company will do all the paperwork and provide you with all the completed forms in relation to recruiting temporary staff. Taxes will be calculated according to the salaries and everything will be taken care of by the external staffing companies.
- Flexibility – You can be flexible with the period you hire the staff. The temporary staff member could be hired for both short-term and long-term projects. This will give you greater visibility of the performance and assist you to make proper decisions.
In 2023 reducing overhead costs and increasing revenues will be the main aim for most companies. Staffing companies in India can therefore help you to organize your responsibilities and reduce risks in business.
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