The slowdown in tenured jobs notwithstanding, flexi staffing in information technology (IT) is poised to grow in double digits in the next four years, Indian Staffing Federation (ISF), a grouping of top staffing companies in India, said in a report. This growth will be driven by sectors like information technology, banking and retail. Flexi hiring refers to temporary jobs. The IT flexi staffing market in India, worth $3.04 billion in 2016-17, is expected to grow 14-16% annually to become a $5.3 billion industry by 2021. IT is no more one sector. It is the base for almost all sectors whether it is banking, retail or insurance. With the kind of digital push the country is making, the need for IT staff across sectors will grow. Wide adoption of cloud computing, use of mobile phones for work or mobility service and the growing concern around cyber security will drive flexi staffing. At least 73% of the companies surveyed said that cyber security and cloud computing will drive flexible hiring, and 45% said mobility was a key driver.

(Live Mint)