Over 5 million youth employed through ISF members in the last 10 years

NEHRU PLACE, India - Nov. 21, 2013 - PRLog -- Indian Staffing Federation (ISF), an apex body of flexi staffing industry in India comprising of about 35 members, representing over 4, 00, 000 temporary staff, today announced that across its existing 35 members representing India’s largest staffing companies have generated employment for over 5 million youth in the last 10 years. ISF organized a National Conclave on ‘A Job for Every Person, A Person for Every Job in India: Realm of the Possible’ emphasising on the significance of providing quality jobs to all along with creating skilled labour force for business entities which will beat volatility in businesses at a time when the Indian economy is struggling with unemployment and talent crunch. The conclave was well attended by bureaucrats, members from the staffing fraternity and HR heads of leading corporates among others.

Flexible staffing is, perhaps, the new age employment for India’s gloomy economy making its way into the formal sector. Out of two crore flexi-staff in India, only 13 lakh are being covered under the organized sector involving a tripartite deal among the staffing firm, employer and the flexi employee. As per the recent study conducted by National Sample Survey Organization (NSSO), employment rates have fallen slightly for both men and women, but it has been somewhat sharper for women from 29% in FY05 to just around 22% in FY12. This ambiguity in the Indian labour market has increased the demand for flexi staffing industry.

Ms. Rituparna Chakraborty, Vice President, ISF said, “In a country which creates a million jobs a year as against the 12million which is joining the workforce every year, it seems like an incredible achievement for the Flexi-Staffing Industry of having contributed to 5 million employment for our youth in the last 10 years.”

She added, “The flexible staffing industry has now and again proven itself as one of the key pillars necessary to sustain and accelerate the growth of the Indian economy. The industry no longer functions solely in the capacity of replacing absentee workers with temporary ones but has emerged as a strategic partner for its corporate India by providing the environment, the reliability and knowledge of the regulatory framework, the scalability and flexibility to bring jobs to India aiding the process of their growth and expansion.”

Ms. Rachna Saksena, Chairperson – West and Executive Board Member, ISF said, “Considering the existing employment scenario in India, there is a dire need to revisit our approach to work options if we want to optimise returns from our demographic dividend. It is time to explore and experiment with different forms of work contract that attract and include more and more of the workforce into the organised sector. The employment agenda witnesses bottleneck from both ends – employment & employability. There is a clear need to provide, protect and train the workforce irrespective of the longevity of tenure. A country committed to inclusive growth requires a flexible work policy to encourage women, fresh graduates and the marginalised sections to transition into the mainstream job market.”