Although the notion of professional services in human contracting is still relatively new in India, the market is quickly developing and catching up with the shifting industry trends. After being identified as the human resource trend that is expanding the fastest, the phenomenon of temporary or contract staffing has finally caught on in India too.
In essence, contract staffing is recruiting workers on a temporary basis with no requirement that the contracting businesses make them full-time employees. Contract workers are provided to customers to work at their locations for whenever long is necessary for the clients to make use of their expertise.
Why is contract staffing so common throughout the world?
Using temporary staffing, 50 million people worldwide are employed. $140 billion in annual industry revenue; a global revenue split of 52% by the United States; 39% by Europe; and 1% by India; and a 10% annual industry growth rate.