By 2025, 10% of Indian workforce would be flexi staff
Mumbai: By 2025, about 10% of the overall workforce in India could be working in a flexible capacity through staffing company. According to Indian Staffing Federation (ISF), an apex body of flexi staffing industry in India, flexi hiring in IT industry to increase from 10% to 20% by 2020.
ISF said that the Indian IT and ITeS industry is considered as the pioneer in organized staffing and is expected to witness a high level of flexi hiring in the next few years. It estimated flexi staffing industry in the IT sector to stand at approximately $950 million this year. Globally, it is an $180 billion industry.
K Pandia Rajan, President, ISF said, “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. 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.”
Adding to this, Rituparna Chakraborty, Vice President, ISF said that at the recently held CIETT World Employment Conference, it was evident that India is among the top Asian countries when it comes to flexi staffing and can easily outnumber all countries in the next of 12 years with the sheer size of flexi-staff deployed in the formal sector, given the opportunity.
*Source: Business Standard