Companies see slowdown in growth of temporary, contract and casual jobs

As a result, the ratio of temporary, contract and casual jobs as a proportion of the total workforce is at its lowest in at least five years

Some of India’s largest companies have seen a slowdown in the growth of temporary, contract and casual jobs, as compared to the increase in their total workforce.

The absolute number of such jobs is up 30 per cent between financial year 2017-18 and 2021-22 (FY18-22), shows an analysis of data collated from the annual reports of S&P BSE 100 companies. Forty-eight firms were considered for the final analysis based on the availability of uniform data across the last five years. In comparison, the total workforce numbers are up 36 per cent in the same period.

As a result, the ratio of temporary,