The Changing Staffing Landscape in India

In the changing business landscape in India, the workforce plays a very crucial role. Organisations are leveraging human capital to achieve growth in a competitive world. The recruitment process arrives as an effective key that helps provide flexibility and employees on time. Companies face complications in hiring suitable employees in their organisation due to competition, technology and more. However, with the changing landscape, several companies outsource their hiring needs to staffing companies. These staffing companies arrange human capital for the client business utilising technologies. The transformation in technology is also making staffing companies adopt tech tools like analytics and machine-based hiring. High competition, and changing technology make staffing companies adopt changes.

Some of the Changes in Staffing Landscape

Transformation in Regulation

Companies need to step out from the traditional labour regime to bring steady growth and simultaneous formal job creation. Some laws exist for the self-interest of the minority 6 % who are in the formal human capital. These are old-fashioned, and there’s a need to fuel entrepreneurship and build new businesses with the potential to create jobs by amending irrelevant laws. For instance, the Rajasthan government is working to break these laws and amending labour laws using Constitution 254(2), signalling a change in approach. On the other hand, the Factory Act amendment resulted in more factory registration - not so much to indicate new development but it's above the radar of erstwhile informal outfits. This is good for the formal staff augmentation needs.

Decayed Matching Process

The biggest challenge in front of recruitment agencies is connecting skilled candidates with the right job without incurring much cost. The cost of finding and hiring the candidate is the biggest in any manpower hiring process and it's increasingly creating headaches. The job portals in India have fewer clients and that makes them gain less compared to the money they spend on creating an infrastructure for both employers as well as job seekers. Due to the lack of information, many companies are not able to find the right resource for them. That annoys companies as they are not able to find the right talent. At the same time, only a handful of kids are finding jobs. Innovation in the matching algorithm will shape the future of India’s staffing.

Machine Staffing

The adoption of machines in the hiring process reduces the judgement errors caused by short attention spans. The emergence of an informal workforce is greatly changing the hiring models around the world. More than 65% of the workers are demanding a flexible work-life balance and more than 75% of the companies want lower costs and more operational efficiency as per the market report by Teamlease. The traditional dilemmas like intuition vs machine-based intelligence hiring are getting over due to the adoption of new-age hiring tools. The adoption of new technologies also helps reduce manual errors and automate the overall hiring process in SMEs, manufacturing, engineering and other sectors. Staffing companies have lots of opportunities as millions of youth get added to the workforce every month for the next twenty years and the government also makes laws in the favour of companies.

Use of Latest Technologies

The arrival of digital technologies has changed the landscape of staffing in many ways. On the one hand, we have fintech apps that help disburse the salary of the workforce smoothly compared to the earlier times of cash payments. Also, some advanced job portals are there with a large number of workforce. These technologies empower staffing agencies to improve their productivity and achieve economies of scale, on-time hiring and reach.

Conclusion

There are several changes taking place in the Indian employment landscape that make staffing agencies build strategies to unlock untapped potential. Staffing companies need to adapt new technologies to find the right fit for the client companies. Kutumbh HRCare (Kaam matlab Kutumbh) is a credible staffing company in India helping several clients in many cities like Noida, Delhi, Bangalore and more. You as a company can also outsource your hiring needs to the leading HR outsourcing company. Along with hiring, Kutumbh HRCare helps organisations by providing other HR services such as onboarding, employee training, payroll and legal compliance management, etc.