India has the potential to become the largest staffing industry in the worldadmin
Global Staffing Industry has estimated India as the one of largest markets and also says that the country has the potential to become the largest staffing industry in the world given the support from Indian govt. in ratifying certain labor laws or regulations and with the demographic edge that the country has over China in the long run. Global experience in the staffing industry emphasizes on flexi staffing which provides flexible solutions and is advantageous to both employee and the employer.
The following were some of the other key aspects to note down from the study.
- India is among the top five nations in flexi staffing industry.
- The global staffing market projects India to be among the largest staffing countries along with China, Brazil and South Africa.
- In developing countries the staffing industry is in a critical stage where more than 90% of the workforce is involved in unorganized sector where there is almost no social security.
- The Indian job market has shown a modest growth rate in 2013 with the public sector large-scale hiring.
Source: IndianStaffingFederation.org (ISF)