Engineering Services to Drive Growth

20 Staffing Industry Temporary/Flexi Staffing • Firms which retain workers & · aarvi. Benefits to Customers • Flexibility in Workforce Plan Focus on Core Business Compliance Efficiency . Budget Efficiency • Hiring Niche Skillset • Ad hoc availability supply temporary workforce to other companies for specific assignments. This is the largest segment with a market share of 75% primarily because of pass through salary costs included in the revenue of such firms. The staffing industry in India has grown to an extraordinary level, especially in the area of a third-party payroll service provider. The Indian staffing market is currently a USD 10 billion industry, growing at 28% YoY. It is poised to become one of the largest by 2030. Temporary or contract-based work is on the rise as many of the top talents are taking up freelancing or on contract jobs, in this process, staffing firms will play a pivotal role in easing the relationship between freelancers & their clients. In 2023, nearly 15% of the world's growth is forecasted to come from India. These growth projections are partially based on the economy's resilience, which can be observed in how quickly private consumption rebounded, while the government's capital expenditure, which surged by 63.4% in the first eight months of FY23 was also a major contributor. Customer • • Customers signs agreement with flexi staffing companies where the later supplies flexi workforce. Flexi Staffing Companies Staffing companies hire workers and send them as flexi workforce to meet client requirements. Staffing companies take care of the salaries and benefits of these workers. • • • • Benefits to Flexi Workers Appointment Letter Standardized Pay . Digital Payment Statutory Benefits • Insurance and Medical Benefits Experience Gain • Skill Improvement Benefits to Government • Less Unemployment • Revenue from GST • Increased Formal Employment Improved Compliance • Skill Improvement

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