Temporary staffing - An enabler to your business

A recent study says that the staffing industry in India has grown at a rate of 20-25% per year, and since continued to rise tremendously. Organizations are resorting to outsourcing recruitment via numerous staffing firms. The companies are seeking the ideal mix of permanent and temporary staff to cope up with the increasing competition and growing business needs. The temporary staffing firms retain workers and supply temporary workforce to other companies for specific assignments.
 
According to the Indian Staffing Federation, the staffing industry comprises of 15 leading firms that account for Rs 270 billion in revenues and is expected to grow at 12 percent this year and 10 percent in the next year. The significance of Third-party payroll service providers is gradually gaining over the year among the corporate. In a study done by Indeed, the option of remote or work from home has also grown phenomenally in the last year. Even companies and startups are giving preference to hiring remote employees. 
 
 
Key benefits of Temporary Staffing Services
There are plenty of benefits of Temporary Staffing for both employers and employees. 
 
1. Enables businesses to focus on core business activities
Hiring is a time-consuming activity and involves many stages. Outsourcing staffing companies will help to take off some responsibilities of the HR department shoulder which helps them to function better. This may help businesses to focus more on the core business functions to achieve their goals and objectives. They also provide flexible hiring as per the demand of the workforce based on the projects or seasonal needs. They also enable the employer to focus on the areas of core competence.
 
2. Saves time and money
It is more cost-efficient to hire a temporary staff than hiring permanent employees with benefits. The staffing agency is responsible for the temporary employees and bears the financial burden of recruiting, screening, testing, and hiring them. They also take responsibility for payroll expenses and paperwork; payroll and withholding taxes; unemployment and employees’ compensation insurance; and any employee benefits they may wish to provide. 
 
3. Maintains staffing flexibility and finding the right fit as per business needs
With the popularity and staying power of flexible work arrangements, employers need to stay current with the needs of today’s workforce. Hiring temporary staff can offer flexibility to the businesses at the same time to meet their own needs. It also helps an employer to hire the right candidate for a specific job. Such individuals can tackle critical one-time projects that are limited in time and scope. In temporary staffing, employers are partly relieved from issues related to payment of salaries, attendance, and issues related to compliances and inspections. As contractual employment is temporary, it helps in reducing the chances of employees getting organized and collective bargaining.
 
4. Let the businesses evaluate an employee without commitment
Based on the evaluation or preferences, an employer can hire a temporary employee for a designated short term or, if desired, may also offer a full-time position. Some businesses employ temporary employees as an excellent and cost-efficient way to recruit and test the abilities of new employees before signing them on full-time. Other companies may repeatedly use the services of a temporary employee who has proven to be a company asset. Hiring temporary staff can also be a good way to continue getting work done while you search for the perfect candidate for a particular job.
 
5. Compliant with Statutory Norms
Temporary staffing has the advantage of letting the employers induct new employees without hiring them on their rolls. As stated earlier, this not only saves costs but also sometimes simplifies many of the otherwise complex processes. The staffing agency often manages the salary and other benefits. It also reduces the contractual obligations of the employers towards their employees, such as gratuity benefits, if an employee works for a period of fewer than five years in the same organization. 
 
As a result, these days companies are considering temporary staffing solutions as a lucrative type of human resources procurement right from the production lines of factories to the IT sector. In temporary staffing, parties are allowed to negotiate terms and conditions of the employment arrangement to provide clarifications and protections for both the parties. To benefit from this form of arrangement, it’s very important to partner up with a reputable agency.
 
At  AMS Human Resources Pvt Ltd., we offer Temporary staffing solutions to numerous clients across various industries for their workforce requirements. The Temporary staffing solutions include employee life cycle management right from hiring, induction, payroll, statutory compliance, exit formalities, monthly MIS, etc.
 
To know more,  contact us today!