With organic growth in the organized sector, the flexible staffing industry is expected to grow to represent 10% of the organized workforce by 2025.
In a bid to gain a regulated industry status for the staffing industry in India, the Personnel Federation of India has released the first-ever Indian Personnel Industry Research 2012 on “Transforming Available Labor into Jobs”.
The survey has released the first-ever Indian Flexible Staffing Industry Report which showcases the size of the Indian Flexible Staffing industry, its growth drivers, benefits for employers, challenges involved, regulatory scenario, some international trends, and ISF recommendations for industry improvement.
Key feature of flexible staffing industry better performance in 2022
Flexible Staffing
A flexible staffing model is one where employees work according to their own schedules. A flexible staff model is great for companies that have seasonal business cycles.
If you are a company that sells products that require constant maintenance, then having a flexible staff may not be ideal for you.
However, if you sell products that do not need regular upkeep, then a flexible staff model would be perfect for you.
Full-Time Employees
Full-time Employees are those that work full-time at your company. After they are considering to be the best type of employee to hire. You should only consider hiring full-time employees if you know how much they cost.
Part-Time Employees
Part-time employees are those who work less than 40 hours per week. You should only consider employing part-time employees if you are sure that you can afford them.
Contractors
Contractors are independent contractors who provide services to your company. They are hiring to perform specific tasks. Contractors are using paid per task performed. They are considering to offer flexibility and independence.
Freelancers
Freelancers are independent contractors who provide their services to clients outside of your company. They are usualling paid per task completed. Freelancers are considering to be self-employed individuals.
Temporarily Worker
The workers are temporaring employees who fill positions temporarily until Permanent Employees are hired. Temporarily workers are usually paid per task. and they are considered to provide flexibility and independence.
Thus, these contract workers face challenges in the absence of any salary, employment, and social security. ISF, as the representation of recruitment consulting in India, aims to bridge this gap by bringing social recognition, pay equity, social security, and job security.
According to the report, Flexi-staff will form 10% or 90 million people of organized employment.
Given this huge number and efforts to close the skills gap between education and employment, introducing more stringent regulations in the flexible working industry and promoting flexible security will help India.
To acquire the ability to make optimal use of its workforce.
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