Introduction: In our previous blog, we delved into the importance of creating a safe workplace…
Flexi staffing refers to the impermanent recruiting of representatives either for a particular period or till the task is finished. These workers can be from staffing consultancy organizations or by means of specialists on an agreement premise. The Indian Staffing Federation (ISF) published a report according to which, the Flexi staffing will increase at a pace of 25-30% each year, moreover the staffing industry ended FY 2021 with a modest 3.6% growth over Mar’20. In FY 2020 Q4, 1.03 M Flexi staff was deployed across industries by ISF. The India Flexi staffing is expected to reach 6.1 M this year from 3.3 million in 2018, it is growing at a CAGR of 22.7% during 2018-21, as per the report “Impact of Key Reforms On Job Formalization and Indian Flexi-Staffing Industry 2019” published by ISF. 2021 saw +31% growth in the Flexi work model compared to other formats.
You can find the report here
Industries like IT, FMCG, Retail, Logistics, Healthcare, and Ed-tech will be seen hiring more via Flexi staffing. Different acts by the Indian parliament like the wage code, the salary act, etc. will help in the organization’s payment structure this will boost the workers to participate in the Flexi-hiring model.
Hiring is not an overnight process. Reviewing applications, interviewing candidates and determining salaries take precious time away from a business owner’s regular obligations, and end up hurting the company in the long run. That’s why some employers partner with flex staffing agencies, which take a lot of the time and effort out of the search for candidates by providing workers for open roles.
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Benefits of Flexi Staffing:
- Reduced cost to the organization
- Improves competitive position
- Helpful in the growth and development of the organization
- Employers can save money on medical benefits, sick pay, pensions, provident funds, etc.
- Organizations can experiment with potential employees
- Effortlessly accessible specialists
- Improvement in employee retention
Given that many workforces are becoming more technology-driven, Contract staffing may soon overtake regular or full-time staffing solutions in many major organizations. This also will allow organizations to adapt more quickly to seasonal or cyclic changes and demands in the marketplace.
Versutus with a decade of expertise and networks helps organisations to save cost while increasing the speed of hiring with dedicated recruiters, it gives access to a wider and better pool of quality workforce and helps the organization in achieving the flexibility to choose the tenure of a resource basis performance and reduced manpower.