According to industry estimates, the Indian organised temporary staffing industry is likely to employ 9 million people by 2025 and is expected to grow to represent 10% of the organised workforce by 2025. Over the last decade, the demand for contractual employees has gained momentum especially in sectors like IT/ITeS, retail and other services sector, owing to recruiter’s ability to respond quickly to volatile economic environment with the least possible lead time.
Sanjay Modi, Managing Director of Monster.com (India/ Middle- East/ South East Asia) said, “India’s rapid economic growth trajectory has caused the demand for talent to outstrip the supply. In this context, contractual hiring has garnered greater acceptance amidst the uncertain business environment. Given the buoyancy of contractual and project hiring in India, Monster India’s new offering has been launched with the aim to address the needs of career minded professionals by providing them flexibility of tenure, learning on the job and a bridge to full employment. This offering will also aid employers in building their talent pipeline and meet their talent requirements by hiring just-in-time”.
This offering from Monster’s stable will help women who due to maternity and family commitments are not able to return to full time career. This offering will also help retirees who are keen to pursue a career after their full time employment. They have an option to find better jobs that fulfill their need for ease and flexibility.
As part of this, specialised sections, such as ‘Women on the Go’ and ‘Career after Career’, will help in augmenting the modern workplace with increased gender and generational diversity by equipping organisations with competitive advantage with varied skill sets, work values, openness to change and cross pollination of ideas, Modi further added.
With the increased pace of the economic growth in India and globalisation of workforce, contractual jobs act as a springboard to bring experienced, skilled and qualified talent back to the workforce.