63% staffing workforce prefers formal staffing employment format. Women constitute 25% of the flexi workforce, while 51% belong to the 25-30 age group. 84% of assignments last over 3 months, with an 8% YoY increase in contracts exceeding 12 months for flexi workers

Photo Credit : Drazen Zigic on Freepik,

The Indian Staffing Federation (ISF) unveiled the Flexi Employment Social Impact Annual Report 2023, shedding light on the employment practices that are driving positive social change through the formal staffing companies, leaving an impact at the grassroots level. The report delves into essential employment parameters, celebrates demographic diversity, explores the ever-evolving employment preferences, and spotlights opportunities for Fresher, Women, and Low-skilled Workers. 

The data indicates the growing adoption of Flexi (Contract) Staffing 

• A remarkable adoption change in employment trend with +5 per cent year-on-year growth in comparison to other employment formats. 
• An impressive 80 per cent of flexi workers express contentment with their employment situation, affirming the appeal of this work arrangement. 
• A substantial 63 per cent express a strong desire to continue as flexi employees, indicating their contentment with the formal staffing industry and opportunities it offers. 
• A significant 19 per cent of flexi workforce get their ‘first stepping stone’ through formal staffing companies to join the permanent employment 
• An impressive 38 per cent received training and upskilling, greatly enhancing their career prospects and employability.
• Remarkable year-on-year increase of +8 per cent in contracts extending beyond 12 months, a compelling testament to the growing trust in the flexi employment model. 
• There’s a significant growth witnessed as flexi workforce gain higher skills during their employment through staffing companies, with atleast +5 per cent move upward in their career YoY.
• Staffing companies have brought opportunities for freshers with over 17 per cent joining workforce. There is a increasing demand for graduates and technical skills in the job market creating even more opportunities compared to the previous year.

Lohit Bhatia, President, Indian Staffing Federation expresses optimism, saying, "The growing trust in the flexible employment model underscores the positive perception and reliability that come with this format of employment, providing social security, continual employment opportunities, and upskilling for a significant number of workers. Formal staffing companies empower the contract/flexi workforce, elevating their economic mobility and the overall quality of life, heralding a groundbreaking shift. The increasing adoption and use of flexible staffing solutions by both employers and employees underscore its effectiveness in meeting the ever-evolving needs of today's labor market."

Pramod Pasichia, Vice President, Indian Staffing Federation mentions "In the last few years there has been a significant 10% shift in flexi workforce in the age bracket of 25-30 years. This clearly indicates that the trend has changed with the youth opting for the flexi employment format. This diversification across different age groups vividly underscores the widespread appeal and accessibility of this employment model, catering to individuals at various stages of their careers.”  

Suchita Dutta, Executive Director, Indian Staffing Federation states, “The gender specific data shows that the flexi workforce displays impressive diversity within the flexi workforce, where women consistently contribute to a 25% participation. A striking demographic pattern that unfolds, with the age group of 25-30 years takes the lead at a solid 51%. It's a testament to the vibrant and inclusive nature of flexi employment, providing opportunities for everyone. Vital sectors such as FMCG, e-commerce, manufacturing, healthcare, retail, logistics, banking, and energy consistently rely on general staffing services to meet their workforce needs. This underscores the essential role ISF plays in creating job opportunities and delivering workforce solutions across a diverse range of industries, making a significant contribution to the broader economic landscape."