The staffing industry witnessed a sharp 3.6% growth in October-December 2023 (Q3 FY24) in comparison to July-September 2023 (Q2 FY2024), recording a robust demand for flexi (contract) workforce. The staffing industry grew at 16.4% YoY, in the period January 2023-December 2023 (Q3FY24 vs Q3FY23). The rise in employment   was particularly notable in key sectors such as E-commerce, Retail, FMCG, Logistics, Manufacturing, Hospitality, Tourism, Aviation, Energy etc.

Overall Staffing Industry had a robust growth at 5.9% QoQ (Q124) aided by general staffing across sectors. General Flexi Staffing industry witnessed new employment growth with a sharp upturn at 6.1% in QoQ for Q2 2023-24.

Indian Staffing Federation brings the Flexi Employment Social Impact Annual Report 2023 to
share insights on the employment practices, that create ‘a social difference’ through the
formal staffing companies that impacts the grassroot level.

Overall Staffing Industry had a robust growth at 5.6% QoQ (Q124) aided by general staffing across sectors. General Flexi Staffing industry witnessed new employment growth with a sharp upturn at 6.1% in QoQ for Q1 2023-24.

Flexi Staffing Industry overall continued a double digit new employment growth trend at 14% YoY 2022-23 and also Flexi Staffing Industry came back with a Quarter on Quarter (Nett employment) growth at 0.4% in Q422 -23. General Flexi Staffing industry witnessed new employment growth at 15.3% YoY, whereas maintained growth at 0.8% in Q4 2022-23 (QoQ). IT Flexi Staffing industry witnessed sharp drop at -7.7% YoY, whereby the much harder impact was witnessed in Q4 2022-23
that came at -6% (QoQ)

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The markets witnessed cautious hiring in Q322 as new employment growth was comparatively slower than previous quarters across sectors.
Nett new employment generated with staffing Industry (represented by ISF members) in the last 4 qtrs, was 1.92 lakhs indicating continued new employment demand in flexi staffing.

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YoY (Q223 vs Q222): Staffing industry grew at 20% YoY
The markets are stabilizing with new employment growth as witnessed with a continued robust demand across sectors except IT.
Nett headcount growth for staffing Industry (represented by ISF members) in the last 4 qtrs, has grown at 2.32 lakhs indicating significant new employment demand.

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Q123 grew at 6.6% witnessing another steady increase at +2.4% QoQ with 66000 new flexi employment created in Q123.

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Staffing industry added new employment at a sharp 21.9% YoY (2021 22), compared to a 3.6% new employment generated in the previous year.

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Despite a tepid quarter and Omnicron threats, QoQ 40,000 new job seekers garnered fresh employment through ISF members.

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Post pandemic Nett headcount for staffing Industry (represented by ISF members) in the last 4 qtrs, grew at 23%

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Despite pandemic Nett headcount for staffing Industry (represented by ISF members) in the last 4 qtrs, grew at 14.1%

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In a challenging year, Indian Staffing industry ends FY 2021 with a modest 3.6% growth over Mar 20.

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Indian Staffing Federation- Social Impact of Organised Staffing Industry 2020

The study brings forth the social impact of organised flexi staffing industry on the factors protecting & influencing the flexi employment. The survey was conducted with members of Indian Staffing Federation April 2019-March 2020 (pre covid).

Staffing in India is certainly that idea whose time has come and numbers speak that. Flexi staffing in India has grown by 16.3% in 2015-18 which stands at 3.3Mn and is poised to grow by 22.7% in 2018-21 to 6.1Mn. As of 2019, India is the 5th largest staffing market globally

Indian flexi staffing firms are the largest employment mobilisers of the country. Through their expertise and strength in compliances to augment the market, they are the leading partners impacting the employment generation across industries.

Current study has been conducted by KPMG on behalf of ISF. It aims to highlight the scale, impetus and status of the IT staffing industry in India.

The report has been made analytical to bring forth the growth of IT flexi staffing in the next 2-4 years across high contributing technologies in the top states and the sectors of the country. This shall help to have an understanding of the factors driving the economic and employment growth.

Over 83% Corporates depend on Social Media presence and relationships to drive their decisions related to Staffing partner.

Surprisingly, only 67% flexi staffing companies, consider Social media as an important tool to engage with their customers for driving business. A little over 17% don’t even use social media as an important marketing tool.

Current study showed that Maharashtra will be country’s leading state to be generating highest number of Flexi jobs in 2017-18. Per the results of the survey conducted on ISF members, Pune, Mumbai (including its satellite towns like Thane and Navi Mumbai), Nagpur will be top 3 cities to attract jobs in Q1 2017.

Current study aims to highlight on the scale and status of flexi staffing industry in India. The report has been made analytical to bring forth the growth of flexi staffing in the next 2 years across high contributing sectors and in the top states of the country. This shall help to have an understanding of the factors driving the economic and employment growth.

Report is available at INR 999 only. To book your copy- Contact kishan@isf.org.in or purchase at: Payment Link

Indian flexi staffing firms are gearing up each year through their expertise to augment the market, yet it is still a nascent sector. With only 2% penetration of Flexi Staff in a diverse country like India; customer engaging tactics are few and alike

Third year of existence with over 40 members and a flexi-worker base of nearly half a million is indeed something to be proud of for Indian Staffing Federation. Over the past decade we have provided a stepping stone, to over 5 million youth, towards a better and brighter career.

The Indian Staffing Industry is standing at a very crucial juncture. With traditional contracting mired with all sorts of issues; it’s the professional staffing industry that can pave the way for a win-win solution to all the stakeholders in the labour ecosystem.