What do mid-size businesses in industries like e-Commerce, pharmaceuticals, logistics, IT & ITES, retail and some of the manufacturing sectors have in common?  Besides the fact that these mid-size businesses play a crucial role in India’s GDP, there is one very lesser-known aspect that is common to them. It is a fact that these industries rely quite heavily on temporary staffing to ensure that their operations run smoothly and their business objectives are met. From being an unknown phenomenon, temporary staffing in India has become imperative for many industries. What made this happen and what are the benefits of availing temporary staffing services for a mid-size business? Let us find out here. 

Historical staffing preferences

It is a well-known fact that Human Resources are the key part to any business. It is the quality, timely availability of the right talent and in the right numbers that helps businesses grow profitability.  However, there was a time when businesses used to be under/overstaffed or lacked a particular talent which impacted their business operations adversely.  Being under/overstaffed led to reduced profitability whereas lacking the staff with the required talent led to serious delays in meeting delivery obligations. At the same time, businesses always had this Damocles Sword hanging on their head about what to do with the hired staff when the demand subsides!  These questions led to the rise of a phenomenon called temporary staff and expert providers of temporary staffing services.  

The rise of temporary staffing.

The word temporary sounded like music to many industries, especially to the mid-size business within. It helped them to eliminate many problems in one go. Here is how temporary staffing helped these businesses:
  • Hiring specific talent for short-term needs
For any business, hiring employees with a niche skill-set for specific jobs and then retaining them forever is an unwise decision. Temporary staffing provided an excellent solution to this problem as it became easy to hire staff with specific talent during the job duration and relieving them when the project was completed proved beneficial.  
  • Manage demand fluctuations better
Industries that work as per season face a huge dilemma of retaining staff during the lean seasons. At the same time, during high season they invariably fall short of staff. Planning the temporary staffing drive much in advance relieves businesses of running under/overstaffed operations. This also makes sure that with the right staff numbers, businesses were able to meet their delivery obligations much more efficiently. 
  • Helps to focus on core competency
For most mid-sized businesses, the size of the HR team is relatively small. Also, their focus is on developing the core competency, i.e. hiring and retaining the right talent rather than striving to meet the statutory compliances or managing payroll requirements. By opting for temporary staff and by seeking the help of temporary staffing services providers, HR teams were able to focus on their core competencies better and outsource non-core functions. This improved their efficiency too!  

What is the role of a temporary staffing service provider?

 These services providers bring key advantages to the table such as:
  • Cost efficiency in staffing 
Businesses need to pay only for the duration during which the staff was hired. This results in substantial savings for the business towards annual employee costs. 
  • No/minimum need to train the staff. 
The manpower available with the temporary staffing services providers comes with a fairly high level of training. Businesses only need to provide the last mile training to this temporary staff to get them going. This is substantially lower than what is required when hiring permanent staff. 
  • Ease in managing statutory obligations
Every employee is guaranteed certain minimum benefits by law. Businesses have to meet these statutory obligations irrespective of whether the staff is temporary or permanent. But since meeting such obligations of the temporary staff is the responsibility of the temporary staffing services provider, businesses need not spend additional resources to meet these obligations.  
  • Streamlined payroll compliances 
Besides statutory obligations, businesses also have to meet certain payroll compliances too. Since temporary staffing services providers deploy their staff in multiple locations and multiple industries, they develop an infrastructure to manage these payroll obligations quite well. Businesses need not deploy any resources to manage these payroll compliances. This results in substantial savings in terms of money as well as effort for the business.  Unlike the permanent employees, the responsibility of meeting all PF, insurance and Tax matters of the temporary staff is that of the temporary staffing service provider. Unlike the business, meeting statutory obligations and payroll compliance is the core competency of the temporary staffing service provider.  However, the most important thing that every business must do while hiring temporary staff is to select the right service provider. Using a sub-standard temporary staff service provider will result in increased costs, lost revenues, missed deadlines and more importantly loss of face for the business.  Hence it is important to hire an experienced temporary staffing service provider who can reduce the effort of businesses and not it. For instance, Paysquare is one of the largest and most trusted temporary staffing services provider to many companies in sectors like eCommerce, pharmaceuticals, logistics, IT & ITES, retail and some of the manufacturing sectors in the country.   Besides providing skilled and trained manpower to businesses, Paysquare also has a robust infrastructure that uses the latest tools & technologies to manage the statutory obligations and payroll compliances of its staff. This makes Paysquare a must-have partner for mid-sized businesses during their crucial growth phase.  So if you are a small, mid or large-sized business, then make sure that you focus on your core competency and outsource the effort of hiring temporary staff to seasoned temporary staffing service services provider like Paysquare. Who knows, this might just be your winning input to your business!   

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CA. Vipul Gandhi

Associate Director

Khandhar Mehta & Shah - Chartered Accountants

‘Paysquare’ a perfect match for us as a consultant to deliver the best to our client. It extends User friendly portal for Employees and seamless processing of Payroll including statutory compliance on time! We

Parameshwer Matla

Human Resources

Columbus India

‘Paysquare’ a perfect match for us as a consultant to deliver the best to our client. It extends User friendly portal for Employees and seamless processing of Payroll including statutory compliance on The most valuable service that we get from you is "peace of mind." I know that once I submit our payroll information, everything will happen on time, payroll, pay slips, statutory reports, full and final settlement, returns and I know that we are and will be always in compliance with statutory laws regarding payroll.

Ramakrishna Dabbara

Sr. Manager – Finance

Sumtotal Systems

We would like to take this opportunity to thank you for your continual support till date! Your support especially during this pandemic has been awesome! Be it the TAT (turnaround time) you people are processing our requests, being accommodative in accepting the II, III payroll revisions, working late/ weekends, delivering the reports in time and minimal to zero errors are some of the examples of your commitment towards work & deliverables.

Abhijeet Shete

SENIOR MANAGER- HUMAN RESOURCE

Altra Industrial Motion India

We would like to take this opportunity to thank you for your continual support till date! Your support especially during this pandemic has been awesome! Be it the TAT (turnaround time) you people are processing our requests, being accommodative in accepting the II, III payroll revisions, working late/ weekends, delivering the reports in time and minimal to zero errors are some of the examples of your commitment towards work & deliverables.

Sukesh Baban Dhage

Manager Accounts

Hi Tech BioSciences India Private Limited

On behalf of Hitech Bio Sciences India Pvt. Ltd., Hi Tech Bio Laboratories, Hi Tech Analytical Works & Hi Tech Biosynth Pvt. Ltd., we appreciate your dedication to provide Payroll services to our companies from the approximately last 4 years. We acknowledge the fact that due to COVID-19, situation has become really tough across the globe. We all are forced to stay at our homes and take extra care of ourselves along with family members. It is a privilege to acknowledge you and your consultancy’s efforts and recognize the valuable service that you have provided to us. 

It is always gratifying to work with such great people with extraordinary abilities to provide good and quality service. The kind of response from your side get is fabulous and most memorable with professional culture. Specifically we would like to mention that, your approach towards the client is fantastic, for e.g. response to email is very prompt, continuous touch with client, on time response to queries or questioners’, on time and accurate report sharing. Flexibility to client requirement, Client / customer centric approach etc. Timely payment of salary gives a lot of confidence to all employees and it is due to our partners like Paysquare that Hi tech has never defaulted on its commitment of timely payment of salaries.

Ratnakar Dhakad

Senior Operation Manager

Tecknack Technologies Private Limited

We are very impressed with Paysquare team due to their ability to process payroll very efficiently. We found the implementation team very knowledgeable, supportive and very systematic.

Paysquare is a very matured payroll processing solution and they have well paid down processes to manage first time as well as every month's processing.

Monica Shah

HR Business Partner India

Victaulic Piping Products India Private Limited

Honestly , It has been an amazing experience working with Payroll team as on date . Deepika and Uma has been a strong support to us. They have always been very helpful and co-operative. I congratulate them to run payroll with zero error every month. And I expect the same level of support in future. I am happy to be associated with Payroll team.

Seagate India

Manager

I have been a client of Paysquare for 7 years and their services are fantastic. Migration from the old consultant to Paysquare was seamless. Soon after the migration, Paysquare team was up the learning curve. They never missed the deadlines provided by us. The team is always reachable, and they keep us informed about changes in taxes or government policies which impact payroll. I have complete confidence and trust in their payroll solutions, and we will always recommend them. Any company looking to ease their payroll burden with friendly service and a flexible, secure system should partner with Paysquare.