Saturday, April 30, 2016

CAREER SPECIAL................. TEMP IS TEMPTING And No One's Complaining

TEMP IS TEMPTING And No One's Complaining


FINDING THEIR FEET Given that the pay gap between temporary & permanent salaries has been reducing, more people are encouraged to take the leap. However, these options are not available for every role or in every industry.

When investing, it is often said, higher the risk you take, more are the chances of a higher return. The rules seem to be the same for the job market. Many freshers are spurning (or even leaving) permanent, stable jobs to take up temporary roles in bigger firms which could give them the first big break or help them climb the ladder faster.
Getting a temporary position in a large multinational company is actually easier than landing a permanent role. “Many at the entryto midlevel are choosing temp roles to get a chance to create an opening balance to propel to a better career which otherwise will be elusive,“ says Rituparna Chakraborty, cofounder, TeamLease.
The good news is that the pay gap between temporary salaries and permanent salaries have been narrowing (see table). This reduces the risk and encourages more to take the plunge. “Being the ecommerce and IT hub, sectors which recruits temps in large numbers, Bengaluru is one of the most favoured cities for such positions. Startups too need temporary employees,“ says Sairee Chahal, CEO, Sheroes.in, a flexi-jobs site focused on women.

WHO AND HOW
Since employment contracts are for the short-term, companies are more flexible in hiring. But if you perform well, chances are high that you will get absorbed by the same firm in a permanent role. The average contract is for 12 months. “Our experience show that almost half our temp attrition are on account of the temp getting absorbed by the companies where they have been deployed,“ says Chakraborty . However, it is always on the basis of performance.
For a fresher with fewer qualifications or of mediocre merit, the tempjob route is good for the CV and an excellent learning opportunity too.“The exposure makes them highly employable,“ says Chakraborty.Many are choosing a temp job over a permanent role just to work with a big name, which could imply permanent jobs and higher pay later.
Another category of temp employees are those who plan to study fur ther. Even though in a temporary position, a stint at a major is more valued than a permanent role in a small firm. “This experience adds immensely to their CV and someone with a not-so-impressive graduation degree can use this as a tool to make his profile look better before applying for higher studies in top colleges.“ says Chakraborty .
The ideal temp candidates are usually graduates or with professional degrees, 20-30 years' old and with three to four years of experience.However, all big companies have huge openings for consultants who have skill and expertise in their respective fields. This makes temping relevant for not only entry-level jobs but for even mid-level hires.

THE RISKS
While temping offers a quicker entry into the job market, the ability to move up depends on one's performance. “Temping will get you an opportunity but the company would like to retain high performers only ,“ says Chahal. If you do not get absorbed you will have to switch from one temp-role to another, which can result in irregular income. There is also a risk of losing job without a notice period since as you are not on the payroll. But that may not happen often since demand is high.
Chandralekha Mukerji

ET20APR16

No comments: