Economic volatility is a reality today and organisations need to be more flexible to accommodate market changes. The staffing market in India is already large considering the population in the labour pool and is poised for rapid growth. In the years to come, Indian staffing market will be the largest in the world, according to Moorthy K Uppaluri, CEO of Randstad India.Mr Uppaluri writes that, according to industry reports, the temporary workforce is likely to account for 10% of India’s formal sector employment by 2025. India has one of the largest flexi[ble] staffing workforce numbers in the world, next only to China and the US.While, in the future, India may challenge other large markets in terms of the numbers of temporary workers, given much lower wages, the value of the staffing market is unlikely to challenge established markets in North America and Europe.
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