Temp Staffing in Chennai
It is important for companies to have a sufficient amount of workforce to handle new and upcoming projects. It is not always possible for existing employees to take up this additional set of responsibilities in addition to their current ones. Some companies keep a bench of workforce in anticipation of such eventualities. However the cost associated with maintaining these additional number of employees is too high and may not always be compensated in terms of getting new opportunities. In such cases, companies need to look for other options such as leveraging the expertise of temporary staffing companies to meet their staffing needs.
A temporary staffing company has the ability to meet these staffing needs more efficiently and at a lesser cost. Plus, it is better to rely on their expertise than going for the trial-and-error approach.
What is temp staffing?
The process of hiring employees on a temporary or contractual basis from temporary staffing agencies is called as temp staffing. These employees for all purposes function as permanent employees but their payroll and related statutory compliances are managed by the staffing agency.
It is more beneficial for companies to outsource their staffing needs to such temporary staffing agencies, as compared to carrying out the process of recruitment on their own. They can avoid all the administrative overheads and focus on their core strengths and determine ways to best achieve success in the long run.
Why Temporary Staffing/Contract Staffing Services is best?
The amount of time, efforts and especially costs involved in the process of recruitment are huge. A temporary staffing agency is able to eliminate all of these and yet meet the companies staffing needs more efficiently and effectively. The temporary employees provided by such agencies are skilled and adept at taking up responsibilities with minimum wastage of time. The agency makes sure that they manage the employees who are most suitable for the roles at the company.
There is an added advantage where it is the temporary staffing agency that takes care of all standard contractual procedures of the recruited employees as well as their payroll and personnel administration management. Companies also need not worry themselves with processes such as registering employees under ESIC and EPF schemes as that is also taken care of by the agency.
Advantages of Temporary Staffing/Contract Staffing
Organizations can be assured of many benefits by tying with temporary staffing agencies:
- No need of providing HR benefits, thus no hassles
- No administrative overheads of temporary employees
- Flexible employee contracts makes the process more convenient
Why Paysquare for Temporary Staffing/Contract Staffing Services?
Paysquare is a professional staffing services firm that has over 17 years of experience in the field of payroll domain. Companies can outsource their demands to us and we manage the required number of employees on our payroll. Our employment terms are quite flexible and can be customized as per the needs of the organization. We take up the entire ownership of handling all HR formalities so that you don’t have to. An added advantage is that with our HR benefits, temporary employees gain almost the same benefits as permanent employees. It has proven to be an attractive option for these employees as well.
Staffing service is defined as a service provided by an agency (staffing agency) wherein the staffing agency manages the employees hired by the client company and then deploys them to the client company. The client company does not have to go through the hassles of managing all the payroll and related HR benefits for these temporary employees.
Companies need to maintain optimal staffing levels depending upon the change in the number of projects they handle. For example, if there is a sudden demand for more employees to work on a project, then these temporary employees can be quickly supplemented to that project without wasting the time and efforts on recruitment.
This way staffing costs are reduced and current set of permanent employees need not be overworked to meet the demands of such projects. Also a long term view of the requirement of such resources may not be available, so it is best to hire them on contract terms.
It differs from company to company. A majority of these companies do not provide benefits to temporary employees. It is also a challenge for them since the tenure of temporary employees may not be fixed and also need to be downsized when in case of an economic downturn. Financial implications of such changes can be quite high. When the staffing company like Paysquare manages these temporary employees, the benefits are managed by Paysquare.
- The organization submits the requirement for number of employees to the temporary staffing agency
- The CTC break up is shared with the candidate and an offer letter is issued
- Onboarding process involves collecting document, checking for references and issuing an appointment letter
- Actual employment is initiated wherein payroll, statutory compliances and leaves are managed by the temporary staffing agency
- At the time of completion, the exit process is handled by the agency that involves handover of tasks, full and final calculations and finally providing the relieving letter.
This depends on the temporary staffing agency’s contract with the client. If the number of employees is high then the percentage can be slightly lower. This percentage varies according to the location and other factors such as employee seniority or skill set.