Investec Investec India

The Temp-Job market in a COVID world

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The impact of COVID-19 has been severe on the job market. CMIE data suggests unemployment in India has risen to ~27%, with jobs losses in the informal and formal segment running into several millions. To understand whether the data is as bad as that, how much of this will be permanent job losses, which sectors are hardest hit and what changes in labour laws are needed, Investec India had hosted a special session with Mr Lohit Bhatia, president in one of largest player in the temporary staffing segment and also president of the Indian Staffing Federation.
A veteran in the staffing industry, Lohit also shared some insights into the exposure of Flexi-staffing in BFSI.
21 May 2020 English South Africa Business · Investing

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