Global problems will not slow down India's meteoric job creation

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Bangalore, Apr 1 (UNI) TeamLease Services, the staffing solutions company, which today announced the release of their TeamLease Annual Temp Salary Primer 2008 said that global fiscal problems will not slow down India's meteoric job creation.

The report is a comprehensive study on salary trends and data for temporary staff working across more than 200 profiles and 10 industry domains in 12 major locations in India.

Rajesh A R, Vice-President, Temporary Staffing, TeamLease Services said that "There are worries that global problems will slow down India's meteoric job creation, but we disagree and are optimistic about 2008.

"It is a year in which policy will align with the private sector to tackle the problem of unemployability and give people the skills to access to the salaries and jobs this document represents," he said.

The documents highlight the continued higher returns to skills that is accelerating the privatisation of skill development.

The report also states that temporary and permanent salaries broadly follow trends similar to those witnessed last year. In general, salaries on the two sides are seen to be converging.

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