Adecco reaches new milestone

Adecco reaches new milestone Business Standard
November 26, 2010, 0:38 IST
Adecco India, the Indian arm of the €14.8 billion Adecco Group, the global HR services firm, today announced that it has become the first HR firm in India ever to scale the 100,000 peak in the number of temporary staff on its rolls. The company crossed the number during November, 2010.
The firm meanwhile, also unveiled its plans to scale up from 80 offices across India to 120 by 2011 to expand its presence. The network will enable the company to source the right talent and provide JIT (just-in-time) workforce to over 1,500 customers, in the metros and Tier-II and III cities, enabling the company build on its leadership positioning in the space. These 100,000 associates are placed across verticals like infrastructure, IT, retail, logistics, telecom, FMCG, engineering, banking and financial services among others.
Sudhakar Balakrishnan, MD and CEO, Adecco India, said, "With the network of 80 branches, we are closer to our clients and associates across geographies. This enables our customers to further expand their services and business to Tier II and III cities as Adecco can provide them a head start to penetrate cities with the right talent." The staffing industry penetration is today about 0.3-0.5 per cent among the organised workforce compared to developed economies where the penetration levels are around 2.5 per cent to 3 per cent of the organised workforce.
With the acceptance of temping, the industry is getting organised and there is a possibility of the penetration level to go up to 1.5-2 per cent of the organized workforce over the next 5 years. Government regulations will have a positive impact on the industry, Balakrishnan added.