- According to a report by the India Staffing Federation (ISF),India has emerged as the fifth largest country in flexi-staffing globally.
- Flexible staffing is an alternative to hiring permanent employees.The employer hires part-time workers,temporary employees to fill staff vacancies from flexi staffing firms.
- The report said that the workforce under flexi-staffing grew at an annual growth rate of 16.3% to 3.3 million in 2018 as compared with 2.1 million in 2015.
- The rise in the number of flexi-staffing workers indicates formalisation of workforce.They get provident fund, group insurance, health insurance and other social security benefits available to formal sector workers.
- Besides,the employers have virtually no need to comply with as many as 44 labour laws.The contractors or flexi-staffing firms take care of all such legal obligation.
- Further,the report stated that logistics, banking, financial services and insurance (BFSI) and IT/ITeS, retail and the government would be the top-five sectors employing over 55% of total flexi-workforce by 2021.
8 min read