BFSI, e-comm, retail, infra sectors to add over 1 mn jobs by 2018-end: Report

The Indian flexi staffing market size is witnessing significant growth and sectors like BFSI, e-commerce, retail and infrastructure together are likely to add more than 1 million jobs by end of this year, says a report.

As per a recent global staffing report, the Indian staffing market size is estimated to be valued at EUR 3.6 billion.

According to Indian Staffing Federation (ISF), an apex body of flexi staffing industry, automotive, retail and e-commerce and infrastructure are among the top 15 sectors that employ 81 per cent of formal sector workforce.

"With automation and innovation changing the nature of the work, BFSI contributes 12 per cent, infrastructure, construction and energy contribute 11 per cent, retail and e-commerce together comprise 5 per cent in the national flexi staff," the report said.

"The country is suffering from acute low levels of productivity at workplace that emanates from the real crisis which is lack of skills," ISF President Rituparna Chakraborty said.

Chakraborty further noted, "As members of the staffing industry, we are sitting on large volumes of jobs, however, we are able to hire only 5 per cent of the youth that reach out to us on a daily basis."