IT & ITeS, e-commerce, retail, logistics and hospitals were among the top hiring sectors in Q3 FY2012, claimed the Flexi Staffing Industry Report Q3 FY22 released by the Staffing Federation of India (ISF), which measures manpower in India. The apex body representing the outsourcing industry. It added that the flexi staffing industry weathered Omicron’s scare in Q3 FY22, sustaining a growth of 3.5 per cent and year-on-year (YoY) growth of 21.5 per cent.
“The net headcount of ISF staffing members grew by 21.5 per cent, reflecting the steady demand for employment across sectors despite the third pandemic wave. ISF members in the last four quarters from January to December 2021, despite the challenges associated with the pandemic, provided formal employment to 2.11 lakh new job seekers and 40,000 new job seekers.
Indian Staffing Federation President Lohit Bhatia said, “ISF member companies today represent 1.19 million flexi staffing employees in India. The growing demand for flexi staffing workforce is a result of increasing demand in formal employment. Last year almost every sector faced challenges. faced, even as the economy emerged from the second wave of the pandemic. However, companies have been quick to adapt and the flexi staffing industry has been able to address the changing nature of workforce demand. Second Wave and Omicron Faced with challenges from the start of the wave, ISF members continued to employ 2.11 lakh new job seekers, bringing more and more people into the formal employment sector.
Suchita Dutta, Executive Director, Indian Staffing Federation said, “Continuing with a consistent 21-23% year-on-year growth for the staffing industry, it is the best year ever compared to pre-pandemic. Strong demand in key sectors translated to consistent double-digit growth in new workforce demand. There was a renewed demand from IT/ITES, Ecommerce, Retail, Logistics and Hospitals. Over the years, we have observed that the demand for new employees across sectors has slowed down in the third quarter of the financial years. In this fiscal year, companies were extra cautious due to the threat of an Omicron wave. However, the impact on workforce requirement and employment forecast was negligible, in line with general third quarter sentiment.
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