Quote from Lohit Bhatia, CEO-Staffing, IKYA Human Capital Solutions on their thoughts on this policy change. Do let us know if plan to work on any story around this.
‘’India is the third largest country to employ around 2.9 million temporary workers across different sectors. We, IKYA Human Capital Solutions with 1.5 lakhs temporary workforce is the staffing arm of Quess Corp- market leaders with 2.5 lakhs temporary workforce, welcome this idea of bringing in licensing system for contract staffing companies by amending the Contract Labour Act. At the moment, it is a humongous task to split the licences with the state labour departments for the same customer and if not compliant, there is heavy penalty for both principal employer and initial employer.
This policy change will help contract staffing companies as it makes ease in doing business by reducing the time amount of time and effort compared to what is being done today. Contract staffing is here to stay; we can call it a trail union between the employer and the employees. If this policy comes into place, there will be a lot informal employment will come into the formal space.’’
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