IT and ITeS, e-commerce, retail, logistics and hospitals were among the top sectors for hiring in Q3 FY22, claimed the Flexi Staffing Industry Report Q3 FY22, issued by Indian Staffing Federation (ISF), the top body that controls outsourcing manpower industry in India. It added that the flexi staffing industry weathered Omicron’s fears in the third quarter of FY22, growing 3.5 percent and maintaining a 21.5 percent annualized (YoY) growth rate.
“The net ISF workforce grew by 21.5 percent year-on-year, reflecting steady job demand across all sectors, despite the third wave of pandemic. ISF members provided employment to 40,000 new job seekers QoQ, while formally providing employment to 2.11 lakh fresh job seekers YoY, despite the pandemic-related challenges – in the last four quarters, from January to December 2021,” the report said.
Lohit Bhatia, president of the Indian Staffing Federation, said: “ISF member companies represent 1.19 million flex workers in India today. The growing demand for flex workers is a result of the increasing demand for formal work. Nearly every sector faced challenges in the past year, even as the economy emerged from the second wave of the pandemic. However, companies have adapted quickly and the temporary employment sector has been able to respond to the changing nature of labor demand. ISF members continued to employ 2.11 lakh fresh job seekers YoY despite the challenges of the second wave and the onset of the Omicron wave, pushing more and more people into the formal employment space.
Suchita Dutta, Executive Director, Indian Staffing Federation, said: “Continuing a consistent 21-23% annualized growth rate for the staffing industry is by far the best year ever, even compared to pre-pandemic. Robust demand in key sectors translated continued to grow double-digit demand for new hires There was renewed demand from IT/ITeS, e-commerce, retail, logistics and hospitals Over the years we have seen a lukewarm demand in the third quarter of fiscal years “The impact on staffing needs and the employment outlook was negligible and remained in line with customary Q3 sentiment.”
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