Benefits of Temporary Staffing

Never before has the economy been more challenging than the present times. And, it is because this turbulence, that companies are now required, more than ever, to maintain focus on managing its workforce, which is its biggest cost-centre. While hiring an employee is still manageable, but bearing tertiary expenses such as insurance, healthcare, and other perks and incentives are almost impossible to compensate. While this is a fact, the paradox is that, on the operations end, a company is required to exhibit the highest level of efficiency in a cost effective manner.

It is only through strategizing the hiring practices, that a company can strike a balance between the input costs and the return on investments. A major solution to this aspect is reaping the benefits of hiring a temporary work force. Let’s take a look at how this works.

Temporary staffing is nothing but hiring a task force for a special project without any increase in the fixed payroll costs of the company. The major benefit of this practice isn’t just confined to saving big bucks on insurance and incentives of the workers, but also in the fact that overheads such as training and development, are also eliminated to a large extent. This practice also eliminates the moral dilemma of laying off employees every now and then, in order to cut costs, not to mention, the large sums of money that goes into clearing the unemployment claims in such a condition.

The most imperative benefit of temporary staffing lies in the fact that rather than taking in somebody who is a “Jack of all trades, master of none”, you can actually hire workers with the special skill set that is needed to take up the task in hand, thus leading to greater efficiency at a lower cost.  Moreover, while your permanent employees maintain their focus on the primary objectives of the firm, the temporary workforce can take care of the secondary support functions.

Furthermore, this practice will help you save on a substantial amount of man-hours spent every year by the human resource department in search of the rightful candidates. You can instead take up the services of a reputed recruiting firm, which in turn can provide you with hand-picked workers with the exact skill set that is required to carry out the operations in your organisation.

What makes temporary staffing a boon for any organisation is the fact that it helps in managing even extreme fluctuations in the workflow without putting any uncalled for burden on the finances of the organisation. Needless to say, temporary staffing is the key to achieving commercial success in almost every business model, in today’s era of extreme dynamism! 

How PM Modi's Initiative "startup India standup India" can help create new jobs

The bureaucratic turn around that India witnessed has changed a lot of aspects in the social and economic outlook of the Indian youth. Initially the “Make in India” concept gave a very strong boost to the manufacturing segment of the country thereby creating a lot of job opportunities for the skilled and semi skilled labor across the country. It also gave a push to the small and cottage industries in India thereby creating employment opportunities at a rural level.

This Independence Day our honorable Prime Minister Mr Narendra Modi announced a new initiative “Start up India Stand up India”. This reform can bring a revolution in the Indian economy as it would not only engage the youth with number of employment opportunities but also help new entrepreneurs come up and evolve with innovative ideas.

This initiative will pave a way to promote bank financing for start-ups and offer incentives to boost entrepreneurship and job creation. Banks will be on the front foot as easy loan options would encourage and inspire the talented youth financially to come up and establish themselves with innovative ideas thereby creating room for employment in the country and also contributing to the GDP of the country. With this, the flow of liquid money would increase in the Indian economy boosting up the standard of living and pushing the poverty ratio below the line.

Encouraging banks to provide easy loan facilities to the tribal or Dalit would not only help them create job opportunities for their area but would also work towards upliftment of their tribe intern affecting the development of the country.

When more entrepreneurs would enter the market, it could boost the in-house manufacturing of various products and make India a self sufficient nation with minimum import requirements. The youth of India is very dynamic and full of innovative ideas. Once given  financial support they would be able to establish themselves not only in the Indian market but also internationally at all levels. Creating more job opportunities would mean addition to the GDP of the economy thereby enhancing the economic growth. Making people self sufficient by giving them jobs would also help them become financially stable enough to plan a secured future for their children by giving them education and other basic amenities.

A country with maximum employed workforce and educated children would be on its way to become an economically stable country. Employment opportunities would also change the outlook of the rural youth and with the number of opportunities budding up in the Indian job market they would get ample choices to stay employed and live a financially secured life. Also, when the majority of the rural population will get employed by these new entrepreneurs there are chances that with time child labor would also perish as there would be absolutely no requirement for these children to go out and work for bread and butter when the elders in their family would be employed.

The bureaucratic turn around that India witnessed has changed a lot of aspects in the social and economic outlook of the Indian youth. Initially the “Make in India” concept gave a very strong boost to the manufacturing segment of the country thereby creating a lot of job opportunities for the skilled and semi skilled labor across the country. It also gave a push to the small and cottage industries in India thereby creating employment opportunities at a rural level.

This Independence Day our honorable Prime Minister Mr Narendra Modi announced a new initiative “Start up India Stand up India”. This reform can bring a revolution in the Indian economy as it would not only engage the youth with number of employment opportunities but also help new entrepreneurs come up and evolve with innovative ideas.

This initiative will pave a way to promote bank financing for start-ups and offer incentives to boost entrepreneurship and job creation. Banks will be on the front foot as easy loan options would encourage and inspire the talented youth financially to come up and establish themselves with innovative ideas thereby creating room for employment in the country and also contributing to the GDP of the country. With this, the flow of liquid money would increase in the Indian economy boosting up the standard of living and pushing the poverty ratio below the line.

Encouraging banks to provide easy loan facilities to the tribal or Dalit would not only help them create job opportunities for their area but would also work towards upliftment of their tribe intern affecting the development of the country.  

When more entrepreneurs would enter the market, it could boost the in-house manufacturing of various products and make India a self sufficient nation with minimum import requirements. The youth of India is very dynamic and full of innovative ideas. Once given  financial support they would be able to establish themselves not only in the Indian market but also internationally at all levels. Creating more job opportunities would mean addition to the GDP of the economy thereby enhancing the economic growth. Making people self sufficient by giving them jobs would also help them become financially stable enough to plan a secured future for their children by giving them education and other basic amenities.

A country with maximum employed workforce and educated children would be on its way to become an economically stable country. Employment opportunities would also change the outlook of the rural youth and with the number of opportunities budding up in the Indian job market they would get ample choices to stay employed and live a financially secured life. Also, when the majority of the rural population will get employed by these new entrepreneurs there are chances that with time child labor would also perish as there would be absolutely no requirement for these children to go out and work for bread and butter when the elders in their family would be employed.

In-house manufacturing units, fully employed workforce and educated children would change the face of the nation completely. So, Start up India Stand Up India is one initiative that would be a turning point in the growth of India as a nation and would guide it towards excellence and growth.

How Retail Sector is Increasing Job Opportunity in India

According to a recent study ,  India has more than 14 million retail outlets. A decade ago, most of the store would essentially be family-run outlets, with a fairly low capability of growing either physically or financially. However, with the allowance of up to a whopping 100% FDI in single brand retail and 51% in multi-brand retail, the huge influx of large-scale foreign players is now only a matter of time. In fact, a major retailer, Walmart(India) has already opened up 20 Best-Price Modern Retail Stores across the country, and is slated to come up with many more.

With the entry of major foreign players in the retail sector at such humongous levels, the organised retail market of the nation has consequently become more competitive and is now open to implementing fairly new business models in order to improve pricing and enforce efficient operations. While steps like these will have a positive impact on the productivity of the retail segment, it will also indirectly boost the employment opportunities within the country. As a matter of fact, the current FDI in retail is estimated to create over 4 million jobs in the country. Moreover, the indirect jobs created by the same, will go over 6 million making it the largest sector in the nation, in terms of organised employment. This will also include contractual employment within a span of 10 years.

How Corporate Training Enhances workforce productivity

In the cosmopolitan corporate culture the companies are becoming very competitive in terms of technicality and execution. There is a cut throat competition in terms of quality as the end customer at both the ends B2B and B2C has become aware and intelligent about the options available. So, quality has become a critical aspect for all companies irrespective of the segments they fall in. In this scenario Corporate Training has become the need of the hour and the companies are adapting and adhering to various kinds of corporate training programs to improve the quality of their workforce.

Apart from the marketing, branding and promotions; training & development has become an important aspect of corporate strategy to improve performance at all levels in an organization. It has a complete cycle of changes in the employees in terms of attitudinal changes, improved skill sets and improved job performance.

For long term vision and success path any organization relies and banks on its manpower resources. The quality of manpower and the human capital development takes place through employee training. This concentrates on operational, technical and other related areas as well as management development, which focuses on managerial and behavioral skill and knowledge. This eventually helps in re-orienting attitude towards job and enhances the performance level. The companies are emphasizing on the corporate training programs but cannot guarantee the success level as it depends on various factors like work culture, work environment and above everything on the personal interest and motivation of the individual employees.

Corporatetraining is not merely an activity; it is a strategy that is integrated to fit in the working model of the organization. The training module has to be designed as per the individual contribution of employees and the skill sets involved. Corporate training is a comparative and comprehensive analysis of the individual approach required to reach perfection for the organizational goals. It can include behavioral or soft skills training as well based on the requirements of the work culture. Including interpersonal skills in the training module is an important aspect if the employees are in direct interaction with the clients or the end users.

Training programs not only emphasize on the training module specifications but also increases the team building attitude because these modules encompass both theoretical as well as activity based learning sessions. All training modules have a test designed to judge the adaptability and understanding of all the employees at the end. It helps to analyze the effectiveness of the module. An effective corporate training module involves close coordination of the HR team, the trainer and the employees. All the three need to be in sync and close coordination for a corporate training program to be successful. First and foremost a defined goal or purpose for both the employees and the team needs to be decided. An unclear goal or agenda will result in a lack of focus and a low level of engagement and commitment towards the underlying reason for the training module. With the alignment in the thought process and a clear road map of the training module the skill sets and productivity level of the employees can be enhanced therefore improving the individual and team performances.

Human trafficking in onsite recruitment

Workers are at heightened liability to modern-day slavery when they have been brought to work away from their homes. This liability is initiated by the involvement of labor brokers. Labor brokers act as the middlemen, facilitating a connection between potential workers and their eventual employer. Now a day it is spreading like a virus, gradually it has made a firm grip on people management as human trafficking for onsite recruitment.

Labor brokers and employers regularly engage in contract substitution, whereby the terms of employment are changed over the course of the recruitment and hiring process. Additional fees charged by brokers in receiving countries, as well as deductions for anti-runaway insurance/forced savings, further compound the financial burden of workers. Once employed, workers are obliged to work overtime in order to repay their debts.

There are evidences that the high recruitment fees bared by workers are in some cases a subsidy to their eventual employers.

Not only  labor brokers but many consulting firms are also engaged in this practice, it is an offensive crime, people or companies who are indulged in such unfair means of practice are heavily punished  if found guilty. This is smuggling of population which is spoiling our habitat. Individuals who are finding jobs through consulting firms should  be aware of few points like they should have fully fledged information  about the background of the particular company, not to give original documents including their passport ,not to  give money in advance etc. 

Usually, consultants manipulate candidates by giving them false promises about the facilities they would be provided with once they are selected but the true picture differs. When interfacing the real picture the candidate gets a reality check.

Freedom of movement is curtailed through the withholding of passports, the requirement to put up a deposit for temporary emergency trips home, and the requirement that workers must pay their own return airfare and pay any recruitment debt in full if they wish to terminate their contract early.

The major area of concern is the ignorant lot who are not aware of such kind of human trafficking, so an attempt has to be made to educate them about the pros and cons of on sight recruitments and the parameters they should  keep in mind before trusting any onsite recruitment agency or consultancy firm.

Successful Recruitment Strategies and Methods

With the corporate culture becoming cosmopolitan the manpower needs of all business entities are changing drastically. Now when the companies are diversifying their manpower needs it is very obvious that requirements with regard to the skill set for independent position are also having a makeover. Now when the market dynamics are changing drastically the companies are adapting to and innovating new practices for recruitment's to get and hire apt candidates for their manpower needs.

Recruitment is not just another function of the HR department now rather it has become the primary and most important aspect of any business. Manpower is the core strength and USP of any company and People Management is the most critical function of the HR wing. To have the right fit for the right post the most important thing to be kept in consideration is a correct recruitment strategy. Thereafter all the things automatically fall in place. Recruitment strategy if planned and executed aptly can fetch in right fit for the right job. So it is very important that there should be sync in the planning and execution of the recruitment strategy. 

5 Vital Reasons for HR Outsourcing

HR is one critical function that decides the foundation of an organization. People management plays a key role in writing the success story of any organization. So for any company to rise high on the success chart its core HR services should not only be intact but also impactful. With so many players entering the market the companies have to have the best talent to execute their business plans to excel over their competitors. For the smooth and effective running of a business it is very important that the people management in the company is highly valued and retained.HR services not only fetch competent people in the company but help to add resources that add value to the company and are the key contributors in the ROI.HR outsourcing has been into practice in the market since a long time but it gained momentum in the economic downturn of 2008.Verticles like payroll and accounting are of critical importance and account for proficiency, expertise and cost. Such verticals are outsourced by companies to save both time and money. Now with time outsourcing has gradually become a practice for all the companies irrespective of their domains. The process of outsourcing not only unwinds the company from the burden of looking for apt people for their company, train and manages them but also helps as a helping hand to focus on their goals and market strategy for better deliveries. With the changing market dynamics outsourcing is not just a trend but has become the need of the hour. There are various reasons for which the companies should and must consider outsourcing their HR services. Some of them are as stated below.