Flexi-staffing has advantages for employers and also certain kinds of employees.
They are a motley crew – young people waiting for a break, women with time-consuming family commitments, healthy retirees with domain expertise, people of all ages unwilling to be tied down to a full-time job, and more. Some work part time, some full time; some bring in skills outside the core competencies of the companies that employ them, some supplement the skills; some are employed through staffing companies, some are lone operators. What they all have in common is that they are not listed on the roll of employees of the companies they work at.
They comprise the flexi-staffing industry which is rapidly growing across the world, including India. “Flexi-employment in India is currently a $5-billion market and expected to grow to $9 billion in the next five years,” says Sandesh Kangod, Co-founder of staffing company Workflexi. The market size makes India world’s third-largest employer of flexi-staff, after the US and China, but penetration of flexi staffing, at 0.5 per cent of the workforce, is still way behind the global average of 4 per cent. Most of them are employed through flexi-staffing companies, which have been growing at 15-20 per cent annually for the last few years.
This story is from the October 07, 2018 edition of Business Today.
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This story is from the October 07, 2018 edition of Business Today.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
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