How Has The Market Size Of India’s Recruitment Business Increased?

Recruiting agency for companies in India

A closer look at the recruitment business in India will make you realise that its market size has increased drastically in the last few years. Anyone with years of experience in the staffing business will agree with the fact that there are now hundreds of companies scattered all over India which require skilled professionals for various projects. Whether they are looking for IT staffing, direct hire, sales staffing or engineering services, there are numerous placement consultants to help them out.

A Change In India’s Staffing Trend

According to a study conducted recently, the trend India’s staffing industry follows has changed drastically in the last few years. There have been some major changes in this sector as new industries like telecom, e-commerce and insurance has emerged, the tenure of senior executives has become shorter and the junior executives can now choose from numerous job opportunities. IT and engineering industries have augmented their cyclical needs to make complete utilisation of staff outsourcing. Contract-to-hire models are being utilised by larger brands to test the talent of the professionals before boarding them.

How India Is Planning To Project Itself As A Large Market For Staffing?

The staffing space has matured globally as a formalisation of employment was pushed at a faster rate due to GST and demonization. Companies can’t deny the importance of time workforce. Some of the large companies are also trying to reach out to the rural markets with the motive of market penetration and so they now require huge workforce. The staffing industry is also growing because of the large demand for contractual staff. The increased market size of recruitment business in India and the thousands of placement consultants scattered all over the country proves that it is planning to project itself as one of the largest markets for staffing.

The Growth Witnessed By The Specialist Staffing Business

Lower bench strengths have become a necessity for IT companies. This means that predicting the skills the IT industry will require in the next few years has become a daunting task for organisations. Automobile companies are also trying their level best to maintain the existing market demands while at the same time include the latest green/electric vehicles. All these have become vital reasons behind the growth of the specialist staffing business. Since India is now ready to deal with all the challenges faced by our staffing industry, it’s time companies also start making full utilisation of the renowned recruitment consultants.