Flexi Staffing holds the future of the Indian staffing industry with an estimation of INR 199 Billion

Indian Staffing market is worth INR 266.5 billion. Adecco tops the list with a revenue of INR 1, 460 crores followed by TeamLease and Randstad

New Delhi, Delhi, February 21, 2014 /India PRwire/ -- Indian Staffing Federation (ISF), an apex body of flexi staffing industry in India announces today that its members topped the list of India staffing firms occupying the first 3 positions accounting for 15% of the total market share in India as per the recent report published by Staffing Industry Analysts. The report indicates that the Indian staffing industry is estimated worth INR 266.5 billion. This is broken down between flexi staffing 75% which equals to INR 199 billion, permanent recruitment 12% which equals to INR 32.5 billion and other services 13% amounting to INR 35 billion.

As per the report by the leading global advisor on contingent work, the ten largest staffing companies in India, based on 2012 revenue in million rupees are listed below.

S. No

Name of the firm

Revenue Generated in millions INR

1

Adecco

14,690

2

TeamLease

13,121

3

Randstad

11,616

4

Ikya Human Capital Solutions (not ISF member)

9,106

5

Manpower Group

6,468

6

Global Innovsource Solutions

5,299

7

Genius Consultants

3,308

8

Kelly Services

3,132

9

Allegis

1,756

10

ABC Consultants (not ISF member)

874

"The Indian Staffing Federation has predicted that the 1.3 million temporary workers presently in the organised sector will swell to 9 million workers in the next 10 years," said Mr. Adam Pode, Director of International Research at Staffing Industry Analysts. The major international staffing firms that are represented in our list have come to India because they recognise the huge potential of the market."

Ms. Rituparna Chakraborty, Vice President, ISF, "The report by Staffing Industry Analysts is a positive reflection of the Indian staffing industry and good to see eight existing ISF members occupying top positions out of the ten which itself accounts for 26% of the Indian staffing market. Considering the pace at which the industry is growing in India it can easily outnumber all countries in the next 12 years with the sheer size of flexi-staff deployed in the formal sector, given the opportunity. By 2025, it is expected that 10% of the overall workforce in India could be working in a flexible capacity through staffing companies."

In addition to the report of the top ten list and the list of 180+ Indian staffing providers, drawn from the members' roll of the Indian Staffing Federation (ISF), the Executive Recruiters Association (ERA), and the Association of Executive Search Consultants (AESC), it is also pertinent to mention that the staffing firms have made immense contribution in creating jobs in the organized sector across the globe out of which only India's leading staffing firms have generated over 5 million jobs in the last 10 years in India.

Notes to Editor

About ISF

Indian Staffing Federation (ISF) was set up by leading staffing companies in India with one common goal - Staffing India's Growth. Staffing - an established form of outsourcing globally - is yet to be recognised and adopted as an effective means of running a business in India. The Staffing Industry provides a platform for recognised employment, work choice, even compensation, annual benefits and health benefits for the temporary workforce that constitutes a sizeable segment of India's total workforce. The purpose of ISF is to enhance long-term growth of the staffing industry and to ensure its continued ability to make positive contributions to the economy and society. The principal focus of the Federation's activities shall be to strengthen triangular employment relationships, in which the staffing company is the employer of the temporary worker, who works under the supervision of the user company. Currently ISF has a member base of 35 employing about 400,000 employee workers. For further details, do visit -
http://indianstaffingfederation.org/

About Staffing Industry Analysts

Staffing Industry Analysts is the global advisor on contingent work. Known for its independent and objective insights, the company's proprietary research, award-winning content, data, support tools, publications and executive conferences provide a competitive edge to decision-makers who supply and buy temporary staffing. In addition to temporary staffing, Staffing Industry Analysts also covers related staffing sectors. The company provides accreditation with its Certified Contingent Workforce Professional (CCWP) program. Founded in 1989, acquired by Crain Communications Inc. in 2008, the company is headquartered in Mountain View, California, with offices in London, England. For more information: www.staffingindustry.com

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