Contract Employees

Companies have been deploying numerous employment types to obtain labour cost Advantages - temporary, trainee, casual, contract . These employment types are a majorcause of labor unrest and industrial strife, While the argument in favor of deploying Multiple employment types are familiar - surplus labour, uncertain market demand, the ambiguity and inconsistencies in the Contract Labor Act - the fact is that employees and unions perceive the multiple employment types as pure exploitation. This paper discusses the logic that companies could use to arrive at an employment policy. Moving beyond the immediate benefit of cost arbitrage, an "investment" approach is being suggested for this segment of the workforce.