Indian Staffing Industry Ends FY'21 With Modest 3.6 % Growth: ISF

Notwithstanding the pandemic-induced disruptions, the Indian Staffing trade ended the monetary 12 months 2020-21, with a modest 3.6 per cent development, largely as a result of restoration within the fourth quarter of the final fiscal 12 months, says a report.

According to the ‘Annual Flexi/Staffing Employment Trends Report: 2021’ by the Indian Staffing Federation (ISF), ladies, youth, and high-skilled employees had been positively impacted by the Flexi employment market developments publish the pandemic.

The apex physique that represents the staffing corporations in India famous that temp staffing development was witnessed in IT staffing, e-commerce, logistics, and manufacturing no matter the affect of the pandemic.

‘The total development at 3.6 per cent is primarily as a result of restoration within the fourth quarter of the final fiscal 12 months. It is clearly evident that formalised staffing is increasing in each its attain and buyer base.

‘Organisations are planning with workforce necessities by preserving staffing as an integral a part of the hiring technique,’ stated Lohit Bhatia, President, Indian Staffing Federation.

In the approaching years, with enhanced formalisation, the staffing penetration is sure to develop leaps and sure, and restoration in the course of the COVID pandemic 12 months is a testomony to that reality, Bhatia famous.

The report additional famous that staffing is increasing past the traditional expertise, roles, and sectors and now turning into centre stage throughout industries.

Tech companies are betting large on campus and entry-level expertise particularly within the temp function, thereby driving optimistic future prospects for freshers. In the ed-tech sector, with the shift to digital options development drivers would transfer past K12 to incorporate talent improvement and studying administration programs, leading to temp manpower necessities there.

Temp demand in Healthcare and Pharma will probably be pushed by the preparation for higher response administration programs for the third wave of COVID and the R&D funding into manufacturing vaccines and related OTC medicine.

‘Staffing trade has been driving the general employment development while guaranteeing social safety for the migrant employees, entry-level and including 6 per cent extra ladies to the workforce,’ stated Suchita Dutta, Executive Director, Indian Staffing Federation.

Despite the impediments as a result of COVID, staffing corporations have taken innumerable steps to drive social safety to important employees and temp staff, which has led to a rise in manufacturing and productiveness, Dutta stated.

Moreover, with the landmark labour reforms within the anvil, the report signifies that the way forward for the trade will additional propel formalisation by means of formal staffing, Dutta added. 


Leave a Reply

Your email address will not be published. Required fields are marked *