Temp Staffing in hyderabad
The current times dictate that we optimize our expenses and reduce unnecessary spending. With this in mind, does it make sense for organizations to bear the expenses of employees who are put on the ‘bench’? While it is prudent to keep your workforce adequately staffed at all times to handle large project at a moment’s notice, there are other ways the organizations opt for in such cases. While it reduces cost and efforts of the organization, it also ensures employees are not left dissatisfied due to prolonged periods of being on the bench.
We are talking about getting the help of temporary staffing agencies and onboarding temporary employees as and when a new project arises.
What is temp staffing?
Instead of hiring new employees, a temporary staffing agency enables an organization to hire employees on a temporary or contractual basis. Here, these employees are placed on the payroll of the staffing agency but have the same set of responsibilities that the organization’s permanent employees have. In addition to payroll, statutory compliances are also handled by the agency so there are minimum hassles involved in onboarded new employees.
Organizations should be focusing on growing their business and handling other challenges that come with it. By leveraging the services of a temporary staffing company they can save a lot of time and efforts that would otherwise need to be spent on recruitment and selection of able candidates.
Why Temporary Staffing/Contract Staffing Services is best?
When you compare the cost, time and efforts involved in recruiting one employee with onboarding temporary employees through a staffing agency, there is a clear winner. A majority of these hassles are efficiently handled by the agency so that the organization does not have to waste time.
All standard contractual procedures are drawn by the staffing agency in accordance with the terms of the organizations. Other responsibilities such as registering employees under ESIC and EPF schemes are also taken care of, apart from payroll and compliance norms.
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 provide them with 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.
Advantages of Temporary Staffing/Contract Staffing
There are many benefits of leveraging temporary staffing solutions such as:
- Maintain flexibility with employee contracts
- Benefits need not be provided
- Administrative overheads are absent
Staffing service is defined as a service provided by an agency (staffing agency) wherein the agency hires its own employees and then deploys them to companies that require employees on a temporary or contractual basis. The client company does not have to go through the hassles of recruitment.
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.
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.
Thus, the ownership is taken by the staffing agency but is mostly limited to health care and other minor benefits.
- 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.
Depending upon the temporary staffing agency’s contract with the client, the agency takes 10% to 50% of fees per employee. 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.