Transformational shifts unfold in India’s SME and MSME sectors, driven by a significant increase in hiring rates through WorkIndia’s platform

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Transformational shifts unfold in India's SME and MSME sectors, driven by a significant increase in hiring rates through WorkIndia’s platform

National, 24th August 2023: In the ever-changing economic milieu, the SME and MSME sector in India has been undergoing a significant transformation. In India, the landscape comprises approximately 60 million Small and Medium Enterprises (SMEs), which have demonstrated a remarkable evolution and growth trajectory by offering personalized and innovative solutions.

With its cutting-edge approach to recruitment, WorkIndia has been instrumental in this evolution and has achieved a remarkable 30-fold increase in annual hiring with an average of 6 workers hired each time, which serves as a testament to the SME and MSME sector’s growth and vitality.

In the span of just one year, the platform has empowered over 2.4 million SMEs and MSMEs, a substantial increase from the 1.6 million served the previous year- July. This growth not only underscores the expanding footprint of WorkIndia but also highlights the heightened demand for talent across various industries. 

The dynamic fields of IT, manufacturing, infrastructure, and the service industry have all witnessed a notable surge in the demand for skilled professionals. WorkIndia’s agile and efficient hiring process has enabled these sectors to swiftly and effectively fulfill their workforce requirements. From sourcing candidates to finalizing placements, the company ensures that SME’s and MSME’s receive the right talent within just one working day, streamlining operations, and boosting productivity. The company’s commitment to delivering exceptional HR solutions aligns perfectly with the ever-evolving needs of small and medium-sized businesses in India. WorkIndia also caters to the hiring needs of over 250 large enterprises, like Swiggy and Zomato. 

An interesting aspect is that 30% of their hiring activities are carried out by unconventional establishments such as Kirana stores, where individuals who have little to no experience with smartphones are engaged. Furthermore, even Xerox stores have embraced their services for hiring purposes.

Commenting on the same, Nilesh Dungarwal, Co-Founder and CEO of WorkIndia said, “As SMEs and MSMEs continue to evolve and expand, their workforce needs are evolving as well. We are proud to have contributed to the growth of these sectors in India by revolutionizing the way hiring is conducted. At WorkIndia, we believe that the growth of SMEs and MSMEs is crucial for India’s economic advancement. Our rapid hiring solutions not only address the immediate workforce needs of these businesses but also contribute to the larger narrative of job creation and economic development.”

As these sectors continue to evolve and adapt to changing market dynamics, WorkIndia remains at the forefront, enabling businesses to thrive through strategic and efficient workforce management, with a focus on innovation, rapid hiring, and fostering growth, and serving as a catalyst in the evolution of India’s SME landscape.