Market Labour law easing: Quess, TeamLease and SIS Security to be major beneficiaries Updated : May 19, 2020 02:46 PM IST Over the medium to long term, the cost decline should translate into higher formality in the labor market, analysts said. In sectors such as IT/ITES, BFSI, and Retail as well as in micro-markets such as Delhi, it was empirically noted that a larger formal workforce would, in turn, drive higher demand for flexi staffing. Subscribe to Moneycontrol PRO at just Rs.33/- per month for the first year. Use code SUPERPRO. Limited period offer. Available on Web and Android.