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Flexi-staffing industry's Q3 growth lowest in past 10 quarters: ISF Data

Global layoff-driven dip in IT hiring drags overall growth figure to 0.8%

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Meanwhile general staffing, which consists of e-commerce, tourism, manufacturing, retail, logistics, and banking, among other sectors, also saw a slower growth compared to the previous quarter (1.1 per cent)

Shiva Rajora New Delhi

2 min read Last Updated : Feb 17 2023 | 7:47 PM IST

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Reversing the trend seen in the past three quarters, flexi-staffing in India registered a sequential growth in new hiring of a mere 0.8 per cent in Q3FY23, the lowest in 10 quarters, said a report released on Friday by the Indian Staffing Federation (ISF). Hiring activity was -7 per cent in Q1FY21.

The report titled 'Flexi Staffing Industry Staffing Employment Report' looks at the hiring trends in jobs involving short-term contracts for specific tasks. Flexi-staffing grew 6 per cent in the September quarter.

The ISF, which represents firms engaged in formal staffing, facility management and security service companies reported the

Topics : Q3 results Hiring Indian workforce layoff

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