Adecco looks at big Indian play

Adecco looks at big Indian play Financial Chronicle
Sreerupa Mitra
November 25, 2010.
Adecco India, the Indian arm of the ¤4.8 billion Adecco Group, a global HR services firm said it plans to scale up its operations to 120 offices from its present 80 centres by 2011. This will enable the company to source the right talent and provide timely workforce to over 1,500 customers, not only in the metros but also in tier II and III cities. Adecco also announced that it has been successful in employing 100,000 temporary staff to work on a daily basis. Sudhakar Balakrishnan, MD and CEO of Adecco India said, “Our employees are placed not only at entry level but also in senior and middle levels.
Expanding our network will help our customers to further expand their services and business to tier II and III cities by providing them a head start to penetrate these cities with the right talent.” According to Balakrishnan flexible employment has witnessed positive growth in the last couple of years and has had great acceptance by candidates and employers. This can change the future of work in India for good and positively impact the economy, he added. The Bangalore-based company said that as a result of urbanisation, it is estimated that there will be 70 cities with population of over 1 million in the next 10 years. About 140 million people are expected to move to cities by 2020 and about 700 million by 2050. “India’s most prized resource is its workforce and the labour market comprises about 540 million people, of which only 100 million make up for the organised workforce,” Balakrishnan pointed out