Consolidation in the HR space - Signs of the time to come....

A report in the Business Line today states that three prominent HR players - Mafoi, Emmay HR and Team4u are likely to be integrated following the Vedior acquisition by Ranstad Holdings. The report goes on that the 'integrated entity' could be the largest player in India. The combined revenues of the entity would be in the range of Rs.550 crore INR approx, and would host about 50000 plus temporary employees on the combined enitities rolls working for various clients...... Now what does it mean and what would be the implications of this 'integration' for a TeamLease, the current largest temporary staffing company - with over 70000 temps on its rolls, and to the likes of Manpower Inc. Clearly, it appears to be a phase of consolidation in the Indian HR industry, with the combined entity getting into a No.2 slot nationally - and they would soon want to move up to be #1, by adding/acquiring roughly 15000 plus temps.... How soon would it happen....? Anybody's guess..... But the temporary staffing industry is a space to watch out in 2008.....