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Future of Temp Hiring in India

Temp hiring, also known as temporary staffing, refers to hiring employees for a specific period, generally to fill in for short-term workforce requirements. The future of temp hiring in India is promising, with a growing demand for temporary workers across various industries.

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Future of Temp Hiring in India

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  1. What is the Future of Temp Hiring in India? OnBenchMark.com

  2. What is the Future of Temp Hiring in India? Temp hiring, also known as temporary staffing, refers to hiring employees for a specific period, generally to fill in for short-term workforce requirements. The future of temp hiring in India is promising, with a growing demand for temporary workers across various industries. The temporary staffing market in India has grown at a compound annual growth rate (CAGR) of 16.3% in 2022. Temp hiring in India is becoming the increasing trend of companies opting for flexible staffing solutions to meet their dynamic workforce needs. Additionally, the economy's emergence and the rising popularity of remote work are expected to contribute to the growth of temp hiring in India. The article will discuss temporary hiring along with its current trends and future prospects.

  3. Defining Temporary Hiring & Its Benefits Temporary hiring allows companies to meet their dynamic workforce needs while minimizing costs. Temporary workers are usually paid hourly or daily, so companies do not have to incur the long-term costs of hiring permanent employees. Let’s have a look at the benefits of temporary hiring: Manage Workforce Temp hiring allows companies to quickly scale their workforce up or down per their requirements, making it a flexible staffing solution. This way, temporary hiring offers flexibility to both the companies and the employees. Manage Labor Cost Companies may save money by avoiding the expenses associated with full-time employees, such as health insurance, retirement benefits, and paid time off. Temporary workers are typically paid hourly or on a project basis, which can help companies manage labor costs. Temporary and contract staffing generated $2.8 Million in revenue in 2022 per week.

  4. Benefit the Employees Temporary hiring also benefits employees as it allows them to gain experience and exposure in different industries and roles. It also allows them to develop new skills, enhancing their employability in the long run. A Look at the Current Trends of Temp Hiring in India The staffing industry in India has witnessed a significant surge in new employment in the fiscal year 2021-22, with a YoY growth rate of 21.9%. This is a sharp increase compared to the previous year's growth rate of 3.6%. Here are some trends of temp hiring in India:Read More

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