Recruitment activities of Indian companies in the country increased by three percent in the month of March compared to February. This assessment has been presented in a report released on Tuesday. The report of Foundit Insights Tracker (FIT) says that this figure reflects the optimistic business sentiment of the corporate world. According to language news, the report prepared by analyzing recruitment data from March 2023 to March 2024 shows that the number of professionals providing temporary services to clients or doing freelance work has increased by 184 percent compared to a year ago. Was seen.
Decrease compared to the same period last year
According to the news, however, the recruitment done by Indian companies in the month of March declined by four percent as compared to the same period last year. The increase in activity in March compared to February, the report says, reflects professionals’ growing preference for flexible, project-based work arrangements. Such professionals include independent lawyers, teachers, accountants, management consultants and people associated with other professions.
IT sector at the forefront
Additionally, the proportion of temporary workers, who make up a significant share of the workforce, has increased by 21 percent over the same period. This shows the increasing reliance of companies on freelancers and independent contractors to meet business needs. According to the report, the information technology (IT) sector is at the forefront of the ‘gig economy’ based on temporary workers who get paid on the basis of work.
The share of IT software in the gig economy has almost doubled, from 22 percent in March, 2023 to 46 percent in March, 2024. Shekhar Garisa, CEO, FoundIt (formerly Monster), said, “Through our tracker, we have seen that metros of Delhi, Bengaluru and Mumbai are now paving the way for gig jobs.
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