Harmonisation and Reforms in Labour Laws Critical to India's Burgeoning Staffing Industry

Delhi, India (PressExposure) February 28, 2012 -- Indian Staffing Federation (ISF), an apex body of the temporary staffing industry in India, today unveiled a detailed discussion paper that outlines the contours of the growing staffing scenario in India. Besides detailing the major challenges facing the industry, the paper also outlines its recommendations to address and overcome the same. ISF also announced on the occasion that this discussion paper will be presented to key Central government bodies and other relevant authorities for further perusal and consideration. The discussion paper comes at a time when the Indian staffing industry is posting significant growth of 10% -15% year-on-year and has the potential for even higher growth given a more conducive regulatory environment.

K. PandiaRajan, President, ISF said, "The time is ripe for seriously looking at staffing as an industry in India. And all the more, after staffing is playing a huge role in providing decent work to many across the globe in time of uncertainties. Staffing Industry has the potential to create millions of jobs in India too if supported by conducive laws and regulations. Also, the industry can play a huge and active role in supporting the government with respect to skilling our labour force. This discussion paper is a step to sensitise the key stakeholders about the challenges this industry is facing and recommendations to alleviate them. It is truly comprehensive and marks a milestone forward for the industry at large."

He further added, "The senior executives of ISF will present the issue paper to relevant central and state ministries over the next few weeks to ensure this is perused and considered in various policy discussions taking place at different levels. Labour reforms are crucial and key to the growth of staffing industry in India, and this initiative by ISF is to facilitate the change through an objective process of education and awareness."

"This issue paper from ISF's stable is an attempt to shed some light on various short and long term issues faced by the industry", added Basudev Mukherjee, Executive Director, ISF. "One of the many issues that we have raised is the issue of Service Tax, which is a big concern for most of the companies in the services sector especially, the Staffing industry where it puts a lot of pressure on working capital as the margins are very low", he further added.

About Indian Staffing Federation (ISF)

Indian Staffing Federation, ISF has been founded by leading staffing companies with one common goal - Staffing India's Growth. While being an established form of outsourcing, temporary staffing in India is yet to be recognised and adopted as an effective means to running a business. With a penetration of just 2%, ISF is championing this industry, with suitable and supporting regulation. The Staffing Industry provides a platform for recognised employment, work choice, even compensation, annual benefits and health benefits for the temporary workforce that constitutes almost 70% of India's total workforce.The purpose of ISF is to enhance long-term growth and ensure its continued ability to make positive contributions to the economy as well as the society through the services of the Staffing Industry. The principal focus of the Federation's activities shall be triangular employment relationships, in which the staffing company is the employer of the temporary worker, who works under the supervision of the user company. For further details: http://www.indianstaffingfederation.org

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Press Release Submitted On: February 28, 2012 at 9:49 am
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