Randstad's net employee addition could stagnate this year due to slowdown

India's stood addition at 10,000-12,000, as opposed to a 67% growth last year; however, agency says no cause of immediate alarm in job market though economy is muted

In wake of the ongoing slowdown, global staffing agency Randstad is looking at maintaining its estimate of net addition of employees across sectors in India at 10,000-12,000, a 67 per cent growth last year.

However, it feels that although the economy is currently muted, there is no cause of an immediate alarm in the job market currently.

The company's Indian entity, Randstad India, has around 56,000 contractual employees who work for its clients across different sectors like IT & ITeS, BFSI, retail, infrastructure and others.

“In the past six months, we have hired around 5,000 employees and hope that this