Flexi-staffing industry’s Q3 growth lowest in past 10 quarters: ISF report

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 lower growth on the back of slowdown in IT staffing.