Sunil Kilaru: Temporary Staffing during Recession

Mr. Sunil Kilaru informed us that Temporary staffing is a fairly solid indicator of where the economy is headed, as trends in the employment of temporary workers presage shifts in general employment. So once temporary work starts dropping, other job losses are likely to follow.

The main reason that companies use staffing firms is flexibility. So in a recession, often the first costs to go are contingent workers. It is less of a blow to moral, and there are no severance or separation packages to deal with. On the flip side, staffing firms are also relied on for affordable labour when a company is looking to cut back on benefit payments.

During a recession, temporary worker levels will most likely drop. However, when recovery starts, you will most likely see a boom as companies start to test the waters with temporary help.

The best thing to do in an environment where a recession seems imminent is to keep tunnel vision on your business. Rather than trying to time the market, focus on what you do best: helping place talent to businesses who need it. While there is not a lot you can do to plan for a recession, it might be prudent to consider how your business would approach various revenue scenarios, such as a 20-30 percent downturn if a recession were to hit.

Mr. Sunil Kilaru also emphasized that you have to consider whether your staffing firm has enough liquidity on hand to weather a crisis. A line of credit with a bank is one option, it is worth looking in to specialty funding such as invoice factoring to improve your cash flow.

About Sunil Kilaru:

Sunil Kilaru is an Entrepreneur based out of Bangalore, India focusing on two verticals - IT and Real Estate.

Sunil is the Founder Director & Promoter for PRIME Living. PRIME Living focuses on developing various Commercial and Residential Real Estate Ventures in Bangalore and Hyderabad.

Sunil is the Chairman and CEO of PRIMUS Global Technologies Pvt. Ltd. Under the Leadership of Sunil, PRIMUS acquired XT global’s India IT consulting division, Sarayu Telecom & Cafezee.

Prior to PRIMUS, Sunil was Vice President responsible for Professional Services of IPELION, a Dallas based Software Solutions Company.

Prior to getting into Management, Sunil was an IT Architect for Hitachi Consulting. At Hitachi, he was a Technical Project Manager for Hitachi’s Oracle Practice. His responsibilities included implementing Onsite/Offshore Oracle ERP solutions for Hitachi’s Clients like Haggar Clothing, AECOM, IHOP, Tekelec, etc. Prior to that Sunil was a Senior Consultant for the Technology group at Whittman-Hart, Inc. He has extensive experience in designing, building, developing and integrating various Web/ERP/Client-Server based applications for the fortune 500 clients of Whittman-Hart. Sunil was the first employee of Whittman-Hart Dallas office before it grew into a 10,000 strong consulting firm. Sunil helped the Dallas office of Whittman-Hart in getting a good client base with his extensive contacts during the initial phase. Sunil was involved in designing and developing IT solutions for client's like American Airlines, i2, 3M, InterVoice, Silicon Graphics, Aimco, Westin Resorts, and Warrantech.

Sunil has an MBA in IT & Finance from The University of Dallas, M.S in Computer Science from the University of Texas at Arlington and a Bachelors degree in Mechanical Engineering from Nagarjuna University.

Sunil Kilaru is an Entrepreneur based out of Bangalore, India focusing on two verticals - IT and Real Estate.