TeamLease sees 30% growth in its temp staff hiring this fiscal

Composite staffing solutions provider, TeamLease Services, is looking at a 30 per cent growth, if not high, in its temporary (temp) staff hiring this financial year, according to director and co-founder Mohit Gupta.

The company has over 85, 000 employees on its rolls, working for more than 1, 200 clients in over 1, 400 locations across the country. It has given jobs to over 1.5 million youth since the last 10 years.

“We had been growing at 20-25 per cent year-on-year since the last three years. And, that was when companies were in a cautious mode for hiring. However, there is cautious optimism in the market now and we are witnessing an upswing in hiring from companies since the last one-and-a-half-month,” he told Business Standard.

Stating that there were only 300,000 apprentices in India, as against 20 million in China and five million in Germany, Gupta said the recent reforms enacted by the Rajasthan government in labour laws, especially amendments to the Apprenticeship Act that calls for a third-party training provider, was a welcome move. “These are substantial changes. We expect that other state governments, too, would emulate these,” he added.

According to TeamLease’s Jobs and Salaries Primer, a detailed report on the likely job creation and sustenance,  pay actions and rewards, and skills and performance scenario for the current fiscal across various job profiles and industry categories, salary growth will largely remain between five per cent and 14 per cent, with professionals with niche talent expecting increment in excess of 20 per cent.

"From the jobs perspective, Bangalore reclaimed its top spot from Mumbai and New Delhi in salary growth rates," Gupta said.

On the jobs scenario in Hyderabad, he said sectors like FMCG, power and energy, construction, real estate, and media and entertainment were flourishing. "We expect a jobs growth upwards of 10 per cent in Hyderabad this financial year," he said.