Corporate India turns to non-permanent hiring as business uncertainty deepens
New Delhi, Nov. 10 -- Business uncertainty is reshaping how India Inc hires, with the preference for a stable, permanent workforce giving way to more flexible employment arrangements. Volatile demand, geopolitical disruptions, artificial intelligence (AI)-led restructuring and mounting cost pressures are prompting companies to reassess their long-term workforce commitments.
A Mint analysis of 353 BSE 500 companies found that non-permanent employees accounted for 17% of the workforce at these companies in fiscal year 2026 (FY26), up from around 11% in FY23. The analysis draws on comparable data from annual reports between FY23 and FY26. Non-permanent employees include fixed-term employees, contract workers and gig workers, as distinct fro...
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