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10% of the workforce in India could be working in a flexible capacity through staffing companies by the year 2025, according to the Indian Staffing Federation (ISF) which represents recruiters in the country.
Flexible hiring in the IT industry alone is likely to rise from 10% to 20% by 2020, the ISF said. The Indian IT and ITeS industry is considered as the pioneer in organised staffing and the flexi staffing industry in the IT sector is estimated to be worth USD 950 million this year.
“Although the industry has been facing a tough time amid the global economic slowdown, there has been buoyancy in flexi hiring among IT companies in India,” said K. Pandia Rajan, President of the ISF.
“IT firms are swiftly adopting the practice of hiring flexi staff in order to beat margin pressures, maintain lean benches and also facilitate just-in-time hiring in a highly volatile market. The firms are increasing their flexi staff count in non-core activities and services to focus more on core activities.”
ISF Vice President, Rituparna Chakraborty, added that “India is among the top Asian countries when it comes to flexi staffing and can easily outnumber all countries in the next 12 years with the sheer size of flexi-staff deployed in the formal sector, given the opportunity.”