While employment across all the sectors faced a severe setback during the pandemic and Omicron being the one with the fastest contamination properties, was feared the most by all. However, the Flexi staffing industry withstood Omicron fears in Q3 FY22, growing 3.5% and maintaining 21.5% YoY growth. IT and ITeS, eCommerce, retail, logistics, and hospitals were among the top hiring sectors in Q3 FY22.
According to the study conducted by the Indian Staffing Federation, the members’ net headcount grew at 21.5% YoY, indicating the consistent demand in employment across sectors notwithstanding the third pandemic wave.
In the survey titled Flexi Staffing Industry Report Q3 FY22, ISF members provided employment to 40,000 fresh jobseekers QoQ whilst providing formal employment to 2.11 lakh fresh jobseekers YoY, in spite of the pandemic linked challenges – over the last four quarters, from January to December 2021.
Commenting on the findings, Lohit Bhatia, President of, Indian Staffing Federation said, “ISF member companies today represent 1.19 million Flexi staffing workforce in India. The growing demand for a flexible staffing workforce is a result of the increasing demand for informal employment. Almost every sector faced challenges over the last year 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 demand for workforce.”
He further added that ISF members continued to provide employment to 2.11 lakh fresh jobseekers YoY, withstanding challenges from the second wave and the beginning of the Omicron wave, bringing more and more people into the formal employment space.”
According to Suchita Dutta, Executive Director, Indian Staffing Federation: “Continuing with a consistent 21-23% YoY growth for Staffing industry is by far the best year witnessed, even compared to pre-pandemic. The robust demand across key sectors translated into a continual double-digit growth in demand for a fresh workforce. There was renewed demand from IT/ITeS, eCommerce, retail, logistics and hospitals. Over the years we have seen that the third quarter of financial years brings tepid demand for fresh workforce across sectors. This financial year, companies were extra cautious because of the looming Omicron wave threat. However, the impact on workforce requirement and employment forecast was negligible, remaining in line with the usual Q3 sentiment.”