Healthcare, IT, pharma, and e-commerce to drive temp staffing in FY22: ISF
Manjil Das, INN/Chennai
2021-22 will be a boom year for temp staffing in healthcare, information technology, pharmaceuticals, edtech and e-commerce, according to a coalition of staffing businesses, which saw modest growth of 3.6 percent in 2020-21.
According to the Indian Staffing Federation (ISF), its member businesses had a strong comeback from the second quarter, “showing corporate India’s resurgence and staffing organisations’ adaptability towards Covid proof industries.”,,,,
Temp demand is primarily driven by the following five industries: healthcare, IT & ITeS, pharma, edutech, and ecommerce. “Those are the sectors,” according to the ISF, which added that they are also the ones that will lead job growth in the coming quarters.
Even though it had a difficult year, the Indian staffing business finished FY21 with a small increase over the previous fiscal year. According to Lohit Bhatia, president of ISF, “despite the obstacles, the staffing business finished the fiscal year 2021 with a moderate growth rate of 3.6 percent over Mar’20.”
When compared to other forms of employment, the ISF reported that flexi work expanded by 31 percent during FY21, and that women’s involvement increased by 6 percent over that time.
Tech businesses are investing heavily in entry-level personnel, which will fuel IT & ITeS growth in the future. The move to digital solutions and collaborative platforms will be the primary reason for the rise in hiring in the ed-tech sector.
Compared to other job forms, flexi work has grown by over 31 percent, according to our analysis. Suchita Dutta, executive director of ISF, remarked that when social protection is prioritised, the job situation may improve.
As a result of the pandemic, numerous sectors have re-calibrated their human resource requirements and spending. These works are, however, viewed with mistrust by critics because they do not guarantee job stability and are inherently ambiguous in nature.