With jobs hard to come by, entry-level job seekers with bachelor's degrees are moving into the flexi-staffing industry, a segment that hires on a project basis for a temporary period.
According to the Indian Staffing Federation (ISF), the apex body of flexi-staffing industry in India that represents 400,000 flexi-workers, growing unemployment has made flexi-staffing an important employment opportunity for young job-seekers with degrees in arts, science and commerce.
"They are earning as low as Rs 6,500 per month against a minimum of Rs 10,000 earned by non-graduates with acquired skills," said Rituparna Chakraborty, vice-president, ISF.
Today, those having general degrees account for the largest share (54%) of the flexi-staffing market, followed by people who have completed high school, and by diploma holders.
It means even if a youngster gets admission in a most sought-after course, he finds jobs tough to come by after graduating. For instance: Anuj Bhagdoria, 23, got his BCom from Delhi University, but failed to land a job after months of trying.
"Finally, I took up a project to complete thousands of data entries to crack the difficult job market," said Bhagdoria, who is paid R12,000 a month for the work.
"Salesmen, accountants and agents with no degrees and few skills are more in demand rather than those having a BA or a BSc," said Dilip Chenoy, managing director, National Skill Development Corporation.
Companies are happy with the trend, though. "A company's staffing needs are met faster with no long-term liability. However, a youngster who enters the temporary staffing market is considered to be less serious about a career," said Sreekanth K Arimanithaya, former vice-president, HR, Britannia Industries.