Have workforce of 460m in India; 210m workers are in agriculture: TeamLease

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In an interview to CNBC-TV18, N Ravi Vishwanath, CFO of TeamLease Services spoke about the latest happenings in the company

In an interview to CNBC-TV18, N Ravi Vishwanath, CFO of TeamLease Services spoke about the latest happenings in the company.

We have about 460 million people in the workforce in India and about 210 million of them are in agriculture, so that leaves about 250 million people between services, manufacturing and construction, said Vishwanath.

He further said that of the 250 million people about 180 million are in the informal sector. Therefore, formal staffing solutions form only 1 percent of workforce, he added.

Talking about commission per employee, he said we earn about 3.5 percent roughly translates to about Rs 730 per employee per month.

“We are not factoring for too much of an increase in that over the next few years although steps been put in to increase that but I am not counting on that going up but it is going to be largely driven by productivity gains and some amount of operational efficiencies that we are looking at building into the system,” Vishwanath added.
Source: Moneycontrol.com

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