Temporary Workforce to touch 20% Mark by 2020 in Indian IT
In tough economic environment, the Indian IT and ITeS industry, which were once considered as the pioneers in organized staffing, is reportedly hiring more of temporary staff. The level of flexi hiring (temporary recruitment) is even expected to witness a boost in the next few years.
According to a report generated by the Indian Staffing Federation (ISF), the Flexi hiring in the Indian IT industry is expected to reach 20 per cent by 2020. Presently, it stands at 10 per cent.
K. Pandia Rajan, President, ISF, said, "Although the industry has been facing a tough time amid the global economic slowdown, there has been buoyancy in flexi hiring among IT companies in India.”
"IT firms are swiftly adopting the practice of hiring flexi staff in order to beat margin pressures, maintain lean benches and also facilitate just-in-time hiring in a highly volatile market. The firms are increasing their flexi staff count in non-core activities and services to focus more on core activities," Rajan further added.
Further, by 2025, it is speculated that 10 per cent of the overall workforce in India could be working in a flexible capacity, via staffing companies.
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