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The unstoppable wave of contingent workers has reached the shores of Asia. According to Staffing Industry Analysts (SIA), in 2016, the population of contingent workers in Japan was close to two million. India pales in comparison. Though a whopping 450+ million people make up India’s labour force, less than a million of them account for its contingent workforce.
Many temporary jobs in India are administrative jobs and align more closely with entry-level positions. This situation stems from certain factors, which include a lack of social recognition for non-standard employment and the thinking that a job is for life. In addition, employment laws are somewhat outdated, making it harder for organisations to fully embrace this growing trend. The country is however not entirely outclassed in the numbers game. In 2017-18, India’s temporary flexi-staffing market is set to post a double-digit (12%) growth compared to Japan’s 6%.
Technology in Japan has made the process of managing a contingent workforce easier. Many organisations have adopted a Managed Service Program (MSP) model for management of temporary workers. MSP service providers support the end-to-end management of the procure-to-pay process for contingent labour. Singapore has less than 1% of India’s labour force (450+ million) and when it comes to the contingent workforce, the number may look relatively insignificant. Yet, in the area of contingent labour, Singapore has made rapid strides, largely aided by flexible employment regulations.
Author: Rishi Kapoor