Indian Staffing Federation (ISF), an apex body of the flexi-staffing industry this week reported that almost 58 percent of Indian companies hire flexi-staff for in the IT sector. Flexi-hiring or flexi-staffing refers to temporary jobs. According to ISF’s latest report, Karnataka, Maharashtra and Delhi NCR are the top three states that dominate the IT flexi-staffing industry in India.
Rituparna Chakraborty, president at ISF, told a leading daily, “Organisations across sectors are increasingly opting for flexi-staff due to their flexibility and deep expertise in niche technologies… Perhaps, the IT flexi-staffing industry is expected to observe a paradigm shift in demand and revenue of technology domains. New product development is estimated to have the highest revenue and demand growth rate because of constant innovations and requirement of niche skillsets.”
According to their report published in May 2018, the Indian staffing market size was valued at $4.11 billion. The report also said that BFSI, Infrastructure, Construction and Energy and Logistics, Transport and Communications will together employ 1 million flexi-staff by end of 2018.
With automation and innovation changing the nature of the work, BFSI contributes 12%, Infrastructure, Construction and Energy contribute 11%, retail and e-commerce together comprise 5% in the national Flexi staff. Perhaps, the retail market’s growth has not only been witnessed in the metropolitan cities but also across numerous tier 2 and tier 3 cities, providing enhanced business and job opportunities for the local youth.