April-2014 Forward to a Friend   Home   Editor's Note Development in the Staffing Space ISF in the News Resource Center Expert Advice Member's Exclusive Interview ISF Membership Updates Events and Updates Regional Update Flexi Staffing holds the future of Indian staffing industry In the global slowdown, economic growth and poverty reduction over the next 20 years will be driven by today’s young people, yet many of them face significant difficulties in finding productive employment. The Indian economy will need to create huge jobs each month during the next decade to meet the demands of the new entrants to the labor market. The temporary contracts can be stepping stones to more stable jobs that offer career prospects. However, when employment protection regulations and social security coverage differ substantially between permanent and temporary workers, they can create a two-tier or segmented labour market. This affects youth disproportionally, making it harder for them to make the transition from precarious temporary jobs to permanent ones. In the recent study by Staffing Industry analysts only 12% job seekers in India got a permanent recruitment in 2012 while as many as 75% of aspirants were placed in temporary agency jobs. Compared with prime-age workers, labour markets outcomes for youth are much weaker on average. They face a much higher probability of being unemployed when in the labour force and they are more often employed in precarious jobs. The exclusive study pegs the Indian staffing market at around Rs.26,650 crore. The Indian Labour market is unique as approximately 90% of Indians work in the unorganized sector (informal sector) and only 10% work in the organized (formal sector). As per the industry scenario and the employer's HR strategies temporary staffing is the key for creating opportunities for the youth in India and even for employers to evaluate the potential candidates. However the challenge to fill the gap of unemployment is very crucial for the growth of Indian economy and the members of Indian staffing industry are working very rigorously to contribute by putting India to work. go to home Office Address: Twitter Facebook LinkedIn 771, 7th Floor, Aggarwal Millennium Tower II, E-4, Netaji Subhash Palace, District Centre Wazirpur, Pitampura, New Delhi 110 034. Phone: +91-11-3099 3037 Email: info@indianstaffing federation.org Read more.   © 2014 "Indiastaffingfederation" All Rights Reserved.