Decline in IT staffing slows flexi employment in third quarter: ISF

Growth in fresh employment generation within the flexible (flexi) staffing industry slowed to 3.8 per cent quarter-on-quarter (Q-o-Q) in Q3 of FY24, from 6 per cent in the earlier quarter. The slowdown in flexi staffing was attributed to a decline in the staffing requirements of the information technology (IT) sector during the quarter, the Indian Staffing Federation (ISF) said in its quarterly flexi staffing industry report on Monday.

The report titled ‘Flexi-Staffing Industry Staffing’, examines hiring trends in jobs involving short-term contracts for specific tasks across various sectors. The ISF represents firms engaged in formal staffing in key sectors such as e-commerce, retail, fast-moving consumer goods, logistics, manufacturing, hospitality, tourism, aviation, and energy.