Staffing

India's Employment Market Evolution

The Indian employment market has grown tremendously, especially with the rise of third-party payroll service providers. With business expansion, India’s demand for staffing solutions has surged and is set for remarkable growth in the coming years. For temporary labor, the staffing industry provides a recognized employment platform, allowing job choice, fair wages, annual and health benefits.

Key factors such as government policies, demographic shifts, Industry 4.0 advancements, and globalization are reshaping the employment landscape. These influences are transforming sectors like BFSI, automotive, pharmaceuticals, and IT, which are actively adopting advanced technologies and redefining roles to create new job opportunities.

The industry forecast for FY 2020 is a 10% growth rate, following a similar trend from previous years. Emerging jobs are rising as certain traditional roles are replaced or redefined. Increased government spending on infrastructure, the growth of e-commerce, Make in India initiatives, and the start-up ecosystem are creating fresh opportunities in the job market.