Key Points
Indias leading staffing firms have about 30,000 open mandates for temporary positions for the April-June quarter of the new fiscal (FY2024-25)..
Companies are opting to hire temporary employees over permanent staff for junior roles in non-banking finance companies (NBFCs), retail, e-commerce, consumer durables and beverage bottling plants..
While we expect 30,000 open mandates in general staffing (temp roles), the numbers are similar to last two quarters but 25% more than same period last year," said Lohit Bhatia, president of workforce management at business services provider Quess Corp. April-June is the period when e-commerce and logistics firms recruit to cater to demand in summer sales.".
Narayan added that in the first quarter of the new fiscal, the recruitment firm expects an 18-20% rise in open positions above Q3 and Q4 (of FY23-24), respectively, in terms of hiring for positions led by consumer, BFSI (banking, financial services and insurance) and a little bit on manufacturing..
Last year, Q3the festive seasonwas significantly lower due to a drop in BFSI mandates and poorer-than-expected consumer business offtake in the FMCG (fast-moving consumer goods) and FMCD (fast-moving consumer durables) business," Narayan added..
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