Temp Staffing / Contract Staffing Companies In Mumbai

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.

Contract staffing or temporary staffing is a term that stands for an outsourcing agency that manages temporary employees for an organization. These employees continue to work in the organization as a normal (permanent) employee but they are on the payroll of the temp staffing company, unlike a permanent employees. Other compliances and HR benefits are also managed by this staffing agency on behalf of the organization. When organizations outsource their staffing needs to such temporary staffing agencies, they do not have to worry about managing the administrative overheads of these temporary employees. They can completely focus on leveraging their core strengths and determine ways to best meet their goals and objectives.

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.