TeamLease releases Temp Salary primer 2007
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TeamLease releases Temp Salary primer 2007

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TeamLease releases Temp Salary primer 2007

Average growth rate of 14 % in compensation, across all experience levels Manufacturing/Consumer Durables Mumbai, Bangalore and Delhi top destination for temp jobs Increase of more than 23% in compensation for every education increment Acceleration in gap narrowing of temp and perm salaries

Mumbai, March 29, 2007: TeamLease Services Pvt. Ltd, India's largest staffing Company and the biggest player in the temping industry has released their annual Temp Salary Primer 2007. This salary survey for temporary hiring covers 34 profiles in 6 industry domains across 13 major locations . This data combined with a section on minimum wages for unskilled, semi skilled and highly skilled workforce across all locations makes the primer a comprehensive guide for employers and jobseekers to match talent, experience and compensation.

This years report also includes a special "TeamLease trend watch" for each location that captures trends in the salary distribution across verticals, domains and functions. The national index page also contains a comparison between temp and permanent salaries across profiles, experience and domain.

Mumbai City Trends

According to Rajesh A.R, Vice-President, Temporary Staffing unit "Two important trends emerging from the primer are the increasing returns to skill and the accelerated narrowing of the temp and perm salary gap. The increasing returns to skill (23% for every education increment) partly reflect the skill shortage but also reflect productivity gains. The narrowing salary gap reflects more efficient labour market intermediation. As organized temporary staffing firms complement (or substitute) poorly performing employment exchanges and apprenticeship programs, labour market liquidity improves and transaction costs in matching labour demand and supply reduce. These reduced transaction costs are being passed onto employees

This primer reflects the accelerating vibrancy of India and its companies. The number of industries and geographies using organized temporary staffing is rapidly increasing as acceptance increases among employers and employees. Temporary jobs are an important part of the solution to the public policy issues of jobs and skills but unfortunately 99% of the industry is still in the unorganized sector because of labour legislation. The growing recognition that this may be inappropriate gives us hope for legislative progress this."

Key findings

Annexure

TeamLease Trend Watch

Bangalore

Chandigarh

Chennai

Delhi

Hyderabad

Indore

Jaipur

Kochi

Kolkata

Lucknow

Pune

About TeamLease Services Private Limited

TeamLease Services Pvt. Ltd is India's largest staffing company and the biggest player in the temping (temporary staffing) industry today. TeamLease has been recognized for having pioneered the concept of temporary staffing in India. Currently they have over 67,000 employees on the rolls, presence across 464 locations with 23 offices in India. They are currently India's second largest private sector employer, poised to be the largest private sector employer in 2007.

MEDIA CONTACT:
Amber Sironzkar
Adfactors PR
+91 22-22871361
Emial :amber.sironzkar@adfactorspr.com

Source: Ad-Factors PR

Press release presented here is sourced from the Source mentioned above and is provided on as-is basis. Please contact the Company / Source directly for any further information in regard to this release. This website will be unable to assist you in regard to the accuracy or correctness of information in this release.

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