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India – Flexi staffing industry records 14% growth in new jobs in FY 2022-23 (The Business Standard)

24 May 2023

India’s flexi staffing industry recorded 14% growth in new jobs in the country in 2022-23, reports The Business Standard, citing research from the Indian Flexi Staffing Federation. Members of the industry body collectively added 177,000 new flexi jobs in FY23, driven by the surge in employment particularly in key sectors such as e-commerce, logistics, manufacturing, tourism and hospitality, FMCG (fast-moving consumer goods), consumer durables, and healthcare. Meanwhile, women's participation in the flexi workforce continued to account for 24% in FY 2023.

The reported figures for new flexi jobs by the Federation represent the combined contribution of both General Flexi Staffing and IT Flexi Staffing industries. The report highlighted that as of March 2023, the total flexi workforce employed by members of the Indian Staffing Federation reached 1.44 million. General Flexi Staffing (i.e. excluding IT Flexi Staffing) saw growth of 15.3% in new flexi jobs during FY23, adding 147,000 new flexi jobs across general staffing roles. However, the IT Flexi Staffing segment experienced a decline of 7.7% year-on-year in new flexi jobs by the end of the last fiscal year. The drop in new employment generation within the IT Flexi Staffing sector mirrored the global slowdown in IT hiring and the ongoing process of employment right-sizing across markets. During the final (March) quarter of the fiscal year (2022-23), new flexi jobs witnessed a growth of 0.4% quarter-on-quarter.

Lohit Bhatia, President, ISF said in the statement, "The remarkable 14% growth in new flexi jobs signifies that the worst of the pandemic is now behind us."