Firms adopt temp staffing to beat margin blues
Enterprises across business domains, mostly IT firms, seem to be quickly adopting temp staffing to beat margin pressures, maintain lean benches and also facilitate just-in-time hiring in a highly volatile market. According to temp staffing experts, temp workers account for 10 percent to 15 percent of the actual employee base of IT companies as against 2 percent to 5 percent a few years ago. This share is expected to go up to 20 percent to 25 percent in the coming quarters. As a matter of fact, temp staffing helps technology firms maintain a healthy bench position, while still having quick access to a large pool of talent. According to Indian Staffing Federation, an apex body of temp staffing firms in the country, the demand for temp staffing by tech providers would go up by 40 percent to 45 percent in the next couple of years. At the same time, temp staffing is slowly maturing with more sectors opening up to it.