Indian Flexi staffing industry grows 6%, adds 78,000 new jobs in July-Sept

New Delhi, Dec 20 (KNN) Due to a strong festive season and rising demand across all sectors, the Indian Staffing Federation (ISF) members added 78,000 new jobs in July-September quarter, witnessing a 6 per cent rise in new jobs over previous April-June quarter," said ISF's Flexi Staffing Employment Growth report.

According to the report, new jobs in July-September are a combination of new jobs in general staffing and IT staffing.

New jobs in general staffing 'which excludes IT staffing' grew 7.3 per cent in July-September, driven by rise in demand in FMCG, e-commerce, manufacturing, retail, logistics, banking, hospitality, tourism, insurance, infrastructure, it stated.

Whereas the new jobs in IT staffing continue to remain under pressure, growing at a pace of 2.2 per cent in September quarter.

The Flexi Staffing Employment Growth report further pointed out that “While IT staffing industry continues to address market demands in niche skills, there is a visible impact of the slowdown in global markets even as big Indian IT players curtail new hiring.”

Cumulatively, ISF's over 110 member companies added 2.32 lakh jobs in the past four quarters, i.e. during the period from October 2022 to September 2023, which includes the 78,000 new jobs in July-September, it stated.

As on September 30, 2022, ISF member companies represented 14 lakh flexi staffing workers in the country.

Lohit Bhatia, President, ISF said the Indian staffing industry anticipated a steep rise in demand during the first lockdown-free festive season, and provided the formal workforce the different industries required.

"Overall industry shows a resilient growth with new employment mobilized in July-September (2022) at 20 per cent year-on-year to give a further break up, general staffing witnessed 24.6 per cent year-on-year growth, while new jobs in IT staffing sustained at 15.8 per cent year-on-year," Bhatia added.

Over 110 members of the federation have generated employment for 90 lakh employees in the last 10 years and currently employs 14 lakh flexi staff annually.  (KNN Bureau)