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Flexi staffing grows 6.6 per cent in April-June, adds 66,000 jobs: Report

The Flexi Staffing Industry Employment Growth report for Q1 FY2023 showed that the staffing industry grew 28 per cent year-on-year

Flexi staffing grows 6.6 per cent in April-June, adds 66,000 jobs: Report

Press Trust Of India

POSTED ON September 15, 2022 7:50 PM

The flexi staffing industry grew by 6.6 per cent in April-June compared to the year-ago period, adding 66,000 jobs, a report said on Thursday.

The staffing industry added 66,000 new flexi-workforce, registering a robust demand for flexible workforce after the third Covid wave, the report by the Indian Staffing Federation (ISF), an industry body representing formal staffing companies, said.

The Flexi Staffing Industry Employment growth report for Q1 FY2023 showed that the staffing industry grew 28 per cent y-o-y and added 2.33 lakh new formal contract workforce in July 2021 to June 2022 period. Formal flexi and contract employment growth was witnessed mainly from sectors like ecommerce, retail, manufacturing, banking and financial services institutions (BFSI) as they generated high demand.

Flexi staffing refers to the temporary hiring of employees either for a fixed period or for a particular project. General staffing demand from sectors like e-commerce, retail, manufacturing and BFSI were the principal employment generators in the April-June 2022 quarter.

It stated that other factors included renewed demand from across industries after the third Covid wave in Q4 FY2022. With a successful vaccination programme and renewed confidence after the minimal impact of the third Covid wave, growing consumption fueled demand for business growth and thereby growth in demand for workforce, it stated.

IT staffing industry demand remains cautious, but employment is continuing with promising growth from Fintech, IT Infra, Cloud, Cybersecurity, Data analytics, etc., to address needs for digital adoption across sectors, it stated.

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