Daily News

View All News

India – Randstad: Labour market to see ‘robust growth’ in 2019, Gigwalk platform to enter Indian market

22 November 2018

Randstad has said the Indian jobs market will see "robust growth" in 2019, due to an improved ranking in ease of doing business, a steady growth in gross domestic product and hiring recovery in the IT sector.

According to Fortune India, Randstad expects the IT, infrastructure and constructions, manufacturing, retail, banking, financial services and insurance (BFSI), and fast-moving consumer goods (FMCG) will be the key drivers for growth next year. 

The company’s predictions come as Randstad is set to introduce HR technology platform Gigwalk in India early next year, and enter into the reskilling business. Gigwalk was the Randstad Innovation Fund’s first investment.

Randstad said plans in India including furniture giant Ikea’s plan to expand in the country, will mean businesses will invest in more manpower. The government’s initiative in the micro, small, and medium enterprises (MSME) credit space will also create more jobs.

Randstad, which currently has a market share of about 4.5% in India’s staffing industry, said it is ready make the most of this expected growth in India.

“To grab a larger market share (both temporary and contractual workers), Randstad plans to bring Gigwalk, a workforce management platform that connects people to part-time work opportunities, to India early next year,” Paul Dupuis, managing director and chief executive, Randstad India, said.

Dupuis said that Randstad will aim to move away from transactional assignments and traditional recruitment.

“India is becoming a spotlight market for us. We are in an exploratory mode right now. In India, where there is skill gap. Where do we come in? Can we reskill and put workers into other industries?” Dupuis said.

Comments

Add New Comment

Post comment

NOTE: Links will not be clickable.

Hiren06/18/2019 02:19 pm

Almost half of 2019 has already passed, so "early 2019" is over. The Gigwalk platform has yet to enter India though. Can you please notify me of further developments on this story, including official comments from the CEO/MD about the progress of launching their gigs in India (the app is already available since a long time, it is just that there are no gigs listed anywhere except US and Canada for now)?


Total 1 comments