<p>Bengaluru: Delhi and Karnataka offer the highest compensation for temporary workforce in non-banking financial companies (NBFCs), according to a report by staffing solutions company TeamLease Services, on Monday.</p>.<p>The two states provide average salaries of Rs 23,756 and Rs 23,607 respectively, for roles such as telesales agents, rural credit officers, and administrative staff. Maharashtra and Gujarat dominate the contractual workforce, contributing 19.9% and 11.6%, respectively. Together with others like Tamil Nadu, Karnataka, and Uttar Pradesh, the top ten states account for nearly 75% of the temporary workforce distribution.</p>.Bears tighten grip as markets fall for fifth straight session.<p>However, this concentration calls for balanced workforce growth across regions to ensure equitable socio-economic development, said the report. About 36.5% of temporary workers have less than two years of experience, reflecting an alarming attrition rate, it said.</p>.<p>Employees with over four years of tenure earn an average CTC of Rs 21,981, compared to Rs 18,528 for those with 1-2 years of experience. Attrition remains a persistent challenge, driven by low entry-level salaries, high workloads, and insufficient onboarding support.</p>.<p>Female representation stands at just 21.9% in the NBFC sector. The highest participation was observed in Mizoram (45.5%), Sikkim (35.7%), and Meghalaya (29.4%). The report highlights the need for more flexible work options and safety measures to further boost women’s participation.</p>.<p>“The NBFC sector is not just a financial catalyst but also a critical enabler of employment and inclusion. To achieve balanced workforce distribution, promoting investments in Tier 2 and Tier 3 cities is vital. Structured skill development initiatives tailored to emerging technologies like AI and digital payments can bridge the skill gap while empowering the workforce,” said Balasubramanian A, Senior VP and Business Head, TeamLease Services.</p>
<p>Bengaluru: Delhi and Karnataka offer the highest compensation for temporary workforce in non-banking financial companies (NBFCs), according to a report by staffing solutions company TeamLease Services, on Monday.</p>.<p>The two states provide average salaries of Rs 23,756 and Rs 23,607 respectively, for roles such as telesales agents, rural credit officers, and administrative staff. Maharashtra and Gujarat dominate the contractual workforce, contributing 19.9% and 11.6%, respectively. Together with others like Tamil Nadu, Karnataka, and Uttar Pradesh, the top ten states account for nearly 75% of the temporary workforce distribution.</p>.Bears tighten grip as markets fall for fifth straight session.<p>However, this concentration calls for balanced workforce growth across regions to ensure equitable socio-economic development, said the report. About 36.5% of temporary workers have less than two years of experience, reflecting an alarming attrition rate, it said.</p>.<p>Employees with over four years of tenure earn an average CTC of Rs 21,981, compared to Rs 18,528 for those with 1-2 years of experience. Attrition remains a persistent challenge, driven by low entry-level salaries, high workloads, and insufficient onboarding support.</p>.<p>Female representation stands at just 21.9% in the NBFC sector. The highest participation was observed in Mizoram (45.5%), Sikkim (35.7%), and Meghalaya (29.4%). The report highlights the need for more flexible work options and safety measures to further boost women’s participation.</p>.<p>“The NBFC sector is not just a financial catalyst but also a critical enabler of employment and inclusion. To achieve balanced workforce distribution, promoting investments in Tier 2 and Tier 3 cities is vital. Structured skill development initiatives tailored to emerging technologies like AI and digital payments can bridge the skill gap while empowering the workforce,” said Balasubramanian A, Senior VP and Business Head, TeamLease Services.</p>
