• Rajasthan

    Cong 101
    BJP 80
    RLM 0
    OTH 15
  • Madhya Pradesh

    Cong 112
    BJP 97
    BSP 4
    OTH 8
  • Chhattisgarh

    Cong 53
    BJP 26
    JCC 9
    OTH 1
  • Telangana

    TRS-AIMIM 82
    TDP-Cong 25
    BJP 6
    OTH 6
  • Mizoram

    MNF 25
    Cong 10
    BJP 1
    OTH 4

* Total Tally Reflects Leads + Wins

Job alert! These sectors will hire over 10 lakh staff by end of 2018, says report

By: | Published: May 28, 2018 2:38 PM

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.

job, job alert, job alert 2018, job vacancies, job search, government jobs, jobs, jobs in delhi, jobs in mumbai, work from home, work from home jobs, government jobs in delhi, IIM jobs, naukri, naukri job search, job, govt jobs, online jobs, jobs in bangaloreBFSI will create 52,500 jobs while automobile sector to add 43,060 jobs by 2021.

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.” “EPFO data suggests formalisation of workforce and rather than being sceptical about it. We should welcome this and alongside shift our debates to skills rather than on non-availability of jobs,” she added.

According to ISF, the retail market’s growth has not only been witnessed in the metropolitan cities, but also across numerous tier I and tier III cities, providing enhanced business and job opportunities for the local youth.

According to one of ISF’s report, the organised retail sector will create 12,62,120 jobs, construction and real estate will create 1,37,280 jobs, BFSI will create 52,500 jobs while automobile sector to add 43,060 jobs by 2021.

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