Hiring, increment highest in IT sector
With close to 75,000 temporary jobs being added in calendar year 2010, the staffing industry in India is growing annually at a rate of 18 to 20 per cent, says a study by TeamLease. According to Temp Salary Primer 2011, which was released on Wednesday, the country's temporary staffing industry stands at 90 million workforce, out of which 500,000 or 0.55 per cent belong to the organised sector.
One of the largest staffing solutions company, TeamLease's Annual Temp Salary Primer 2011 is a comprehensive report on the temporary employment market based on skills, salaries, increments and longevity or measure of the time period for which a profile would stay in a job.
"The Indian temporary market is simultaneously maturing and growing. Not only is temporary staffing spreading across job profiles within industries but the traditional temporary laggard manufacturing sector is fast catching up with the services sector. The industry plays a vital role as a portal for unorganised sector workers to enter the organised sector and a vehicle that allows employers to take potential employees for a test drive," says Sangeeta Lala, vice president, TeamLease Services.
Among sectors, IT tends to be the highest pay master for temporary jobs at Rs 40,800 per month, the report states. "Information Technology sector is back in the reckoning after almost three years of staying in the shadows. Temporary staff hiring is up by as much as 19 per cent in 2010 for IT and salary increments are between 10 per cent and 12 per cent. The sector leads the rest of the industries on both these counts," says the report.
Other sector likes automobile, telecommunication and healthcare trail behind on temporary staff hiring at a growth rate of 15 per cent, and on salary raises at growth rates between 9 and 10 per cent.
Typically, the contract duration of a temporary job in India varies between two months to 18 months, as against the global mean duration of three months to 24 months. However, the 75,000 temporary jobs added this year still lags behind the US temporary staffing market which added 300,000 jobs in 2010.
The study has covered 13 key industry verticals that have active temporary staffing practices including agriculture and agrochemicals, automobile and allied industries, consumer durables, FMCG, BFSI, telecommunication, hospitality, IT and retail, among others across locations like Ahmedabad, Goa, Kolkata, Bangalore, Hyderabad, Lucknow, Chandigarh, Indore, Mumbai, Chennai, Jaipur, Pune, Delhi and Kochi.
