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YoY (Q323 vs Q322): Staffing industry grew at
Step 1: The markets witnessed cautious hiring in Q322 as new employment growth was comparatively slower than previous quarters across sectors.
Step 2: Nett new employment generated with staffing Industry (represented by ISF members) in the last 4 qtrs, was 1.92 lakhs indicating continued new employment demand in flexi staffing.
Step 3: General Staffing, that is employing from sectors like ecommerce, retail, BFSI, Tourism, manufacturing, hospitality witnessed a continued demand.
Step 4: IT Staffing witnessed a slow quarter, which is traditionally a slow Qtr, as many projects come to a close. However, the impact from global developments definitely have been an important event to watchout for.
Q323: QoQ Staffing industry grew at 0.8%
Step 5: Q323 (Oct- Dec 2022) maintained its growth trend at 0.8% in a cautious environment.
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