The staffing industry in India registered a 5.9% quarter-on-quarter growth in new jobs in the second quarter of the current fiscal year (July-September 2023), reports The Economic Times, citing research from the Indian Staffing Federation. The research showed that the rise in employment was particularly notable in key sectors such as ecommerce, retail, FMCG (fast-moving consumer goods), logistics, manufacturing, hospitality, tourism, aviation, energy, etc.

As of September 2023, the total formal flexi workforce employed by members of the Indian Staffing Federation reached 1.57 million. The reported figures for new flexi jobs represent the combined contribution of both general flexi staffing and IT flexi staffing industries.

Lohit Bhatia, president, Indian Staffing Federation, said, “While the flexi staffing industry continued a double-digit new employment growth trend at 12.6% year-over-year, the general staffing standalone observed strong growth of 13.9% year over year for Q2 FY24 in comparison to Q2 FY23, reflecting its strong performance.”

Bhatia added, “There is a significant 71,000 new employment generated in general staffing, solely by ISF staffing members in Q2 of FY24. This growth in new jobs signifies that markets have opened up hiring after a few quarters of slow growth."

Meanwhile, general flexi staffing (i.e. excluding IT flexi staffing) contributed with new employment growth at 6.1% in Q2 FY24. However, the IT staffing witnessed a slightly better quarter, showing signs of recovery with 1.5% quarter-on-quarter growth.”