I think that anyone who is not horrified at the terrible state of Indian education is not paying attention to what’s going on in India. One person whom I met recently clearly gets it. Manish Sabharwal was one of the speakers that impressed me at the TiE-ISB Connect ’08 a couple of weeks ago at the ISB in Hyderabad. He started TeamLease in 2002, India’s leading staffing company.
TeamLease Services is India’s leading staffing company and provides a range of Temporary and Permanent manpower solutions to over 1000 clients.
The Temporary staffing group establishes a co-employment relationship with clients and takes responsibility for all compliance, HR and administrative of employees on assignment. The Permanent staffing group undertakes turnkey and recruitment mandates for permanent fulfilment. We view ourselves as a liquidity provider that enables better matching of demand and supply in labour markets.
I consider the function of a company like TeamLease to be what I call an intervention in the second best world. A state of the world without any distortions is a first best world. In the case of the labor market in India, distortions are introduced by the government in terms of labor laws that retard employment. This is a second best world of employment and employability. To improve the functioning of the labor markets then requires additional effort. As Manish points out, his business is “illegal.” A significant portion of his time goes into trying to influence public policy.