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Why Outsource Karma ?
India is one of the few countries in the world where the job market shows some promise, though it exemplifies a stark contrast. While permanent workforces are sent out by corporates through voluntary, compulsory or easy retirement schemes, the temporary or contract employment is increasing ar a stunning pace.
Even the central government is in favour of contract employment. Recently the group of ministers (GOM) on contract labour agreed, in principle, to open up 13 areas, including IT services, for contract employment. Capitalization on this job trend are India'a domestic placement agencieswhich are fast graduating into staffing companies or as a workflow supplier.
Not a New Concept
Contract labour is nothing new for the industries as well as the factories which have them. The liberalisation of the economy and the entry of multinational companies (MNCs) saw the trend seeping into the white-collar job market.
India is a vast market that need more hands, But for MNC their headcount is always related to the turnover. The only way out is to hire temporary staff.
The financial service sector (foreig and domestic private banks) was the first to embrace the staffing companies or direct sales agents (DSA) to push their credit cards, and consumer home loans or car loans.
Staffing companies offer clients end-to-end HR consulting solutions on the HR front. They strategise along with the client on man-power planning, offer recruitment services, feasibility studies, consulting and payroll services.
For really talented employees, staffing service companies do chart out a career growth path by putting them at a higher position in a different company.
Finally, with the central government toying with the idea of amending the labour laws to make it more employer-friendly, temporary jobs seems to become a permanent fixture in the domestic job market.
Some of the Highlights
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Flexibility for the client - more suitable for short time projects or routine jobs.
- Companies can concentrate on their core-competencies
- Time and cost of selection reduced
- faster mobilization and demobilization
- Eliminates expensive contractual procedures.
- Cost savings on account of payment for days worked.
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