Indian Economy News

Flexi staffing industry witnessed 14% growth in new jobs in FY23

According to Indian Flexi Staffing Federation’s (IFS) Annual Flexi Staffing Industry Employment Trend Report 2023, the flexi staffing industry of India witnessed a 14% growth in new jobs in FY23.

As per a statement, over 1.77 lakh new flexi jobs were added by the members of the industry body IFS in FY23, which was majorly driven by a spur in employment particularly in key sectors such as e-commerce, logistics, manufacturing, tourism and hospitality, FMCG, consumer durables, and healthcare.

Moreover, in FY23, women’s participation in the flexi workforce accounted for about 24%.

The combined contribution of both General Flexi Staffing and IT Flexi Staffing industries was represented in the report. Further, it was highlighted that as of March 2023, the total flexi workforce employed by members of ISF reached 14.4 lakh.

A growth of 15.3% was observed in new flexi jobs in the General Flexi Staffing sector in FY23, thereby adding around 1.47 lakh new flexi jobs. The demand in this sector was majorly observed in the sectors of FMCG, e-commerce, manufacturing, healthcare, and retail, among others.

In FY23, the staffing industry continued to play an important role in providing freshers and first-time job market entrants with their initial formal employment opportunities.

Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.