Human resource is the most valuable unit for any organization. Recruiting a right talent in a company is essential for the success of the organization. Human resources solution providers consist temp agencies and recruitment firms which provide permanent workforce. Such agencies comprise of dedicated team of experts which provides its clients with workforce solutions like hiring right candidate both permanent and temporary, to simplify the HR processes at the clients’ end.
Staffing industry works in progressively lively business surroundings today and has seen greatest evolution in contemporary times. It has emerged its status from only providing the workforce to the strategic partner for its clients by providing the entire range of employment solutions like offering corporate training, pay-roll processing, recruitment process outsourcing, etc.
The temp agencies in India is highly segregated and provide services in varied streams such as Finance, Sales, Engineering, Information Technology, and Management. Moreover, there are other developments occurred recently in providing the workforce for aviation, retails, etc. The revamped FDI policy has increased the hiring activities. India showed a healthy economic condition which has attracted large MNCs to set their businesses in the country.
The Indian staffing industry is driven by these three factors:
1. Development of crucial client industry.
2. Large multinationals inflowing the new business domains.
3. Entry of multinational companies in the Indian markets.
Also, staffing industry is heavily influenced by the mergers & acquisitions and private equity transactions. Also, the country enjoys the competitive benefit of demographic which increases the hiring intensity. Maybe, 2017 will set a new era of recruitment, recruitment process outsourcing and more staffing agencies in the nation.
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