Seems, economic slowdown is taking toll on hiring process in Indian IT companies. According to a latest update, numerous companies across the information technology (IT), IT-enabled services and retail sectors are hiring more temporary staffers. 

Moreover, companies are cutting the number of permanent employees on their rolls and even for temporary hires, companies are going for multiple rounds of interviews, psychometric and other assessments tests. 

It is found, the hiring is least in the banking and finance sectors as these are the worst hit during the time of recession.

According to a senior vice president of a renowned staffing firm, they adding 7,000 temporary employees a month, but are down by 35 per cent permanent staffers in the past few months compared with the same period last year. 

As a matter of concern, it is found, the temporary staffing business in India accounts for nearly Rs. 3,000 crore while the permanent staffing business is at nearly Rs. 17,200 crore. As far as global temporary staffing industry is concerned, it is at around $140 billion.

However, there are still numerous staffing firms which are not willing to see current trends as a no-win situation for permanent hiring. 

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