April-2020 Forward to a Friend

Pramod Pachisia
Board Member
Indian Staffing Federation

(COO, 2 Coms Consulting PL)
    Future of staffing and its impact in 2020 (including the time of Covid19)

The Staffing industry in India is on a full swing growth will continue to grow. The Indian economy and the internal consumption and growth or new economy as we can call it, has been driving the staffing industry and should continue to see strong growth.

The current situation due to the Lockdown and impact of Corona sure is a huge setback for the entire globe and India as well and surely puts question marks on the pace at which it would continue to grow in the near short term.

The staffing industry also touches it peak during the festive season and around the 3rd quarter, when internal consumption in india is at all time high, and from all estimates the severity of impact on corona on the economy should be much lesser around June onwards and industries like e-commerce, mobility, fintech, logistics, should see an upswing in demand.

The uncertainty in the business environment in the short term could actually only speed up the need to use and grow the contingent workforce, need to stay lean will be even more strongly felt across organizations post the corona and hence the contingent workforce is bound to see upward movement in the near long term.

Specialised staffing services like IT, have been on a continuous growth due to skills stack being extremely dynamic and ever changing and that trend will continue, the assignments though are shorters but the trend to use contingent workforce by Mid size, SME, MSME is also on a high and good growth is expected to be seen there.

Facility Management, Security Services may not be severely impacted in the short term as are almost essential services and will bounce back at the pace that it was growing normally post the lock down.

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