Impact of contingent workforce on productivity of the organization with respect to cement manufacturing industries

Abstract

— The contingent workforce can be considered as a big and budding subset of the working population that provides various benefits to an organization. Hiring of Contingent workforce is on the rise in India as well in the form of freelancers, temporary or contract staff. These employees are being employed by companies in order to fill the urgent shortage of staff, according to a report from Kelly OCG. The ‘Workforce Agility Barometer Report’ depicted that project-based assignments are acquiring recognition in developing countries as 71% of C-suite leaders anticipate to sustain or augment their percentage of contingent workers in next two years. This study shall determine the impact of contingent workforce on the overall productivity of an organization in order to assess whether this trend should be continued owing to its various benefits or rejected.