For the budding startups receiving the manpower lined up as quickly as possible can assist them to be operational immediately. Hiring and placing the talent to perform on a bigger viewpoint when you have massive and different territories to cater, could seriously be a tedious task. Getting involved directly to bring the staff on board can place you inside the slow track and delay your progress unnecessarily. In the similar lines, even for an established business, with concrete growth it turns out to become tiresome to manage the workforce on such a huge level.
Within the given scenario outsourcing, human resources to a staffing agency could seriously strike as a smart concept. Such firms already have a considerable database of qualified & experienced candidates from unique spheres of fields and locations. Moreover, a recruitment company can also handle, search & selection, on boarding & payroll of the new hires. For time specified projects such a practice works a boon, acting as conjunction for the employer & personnel.
With the notion of global village taking shape, the exercise of employee outsourcing is getting adopted globally. The interesting part is that outsourcing is working alike to a massive, mid-level or a small company, saving on the operational costs, time and efforts.
The global staffing industry is estimated over $400 billion and receiving millions of people hired throughout the globe. India is emerging as a key player when it comes to outsourcing and quality talent. The size of the Flexible staffing industry in India in 2011 was estimated at 1.3 million or about 3% of the formal sector employment. In 2013, it expanded to 1.7 million in size and accounted for 3.4% of the formal sector force. The Flexible staff in India is largely young, as has been the experience internationally 79% of the workers belong to the age group of 21- 30 years. The development trend over the recent past indicates a possibility of staffing industry account for more than 10% of India’s Formal sector employment by 2025. This development can be largely gained by bringing the other forms of temporary workers in the formal sector into the fold of temporary staffing.
However, before lining up a staffing company for your business, there are a few pointers to be kept in mind such as:-
# Network of the agency within the country.
# Business record & current projects.
# Choose a multi service provider (contract staffing, payroll, search & selection, etc.)
# Be aware of the territorial compliance & making sure they are met without any discrepancy.
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