In good times, the flexi staffing business model anyways benefits from outsourcing of non-core activities by clients to support their growth. The company indicated that key focus going forward will be on RoE improvement at contract/individual business unit level. CEOs of different segments will have RoE targets. Over time, the company intends to divest businesses that do not meet the RoE threshold, which we understand is 20%. At the company level, RoE of ~20% is aspired to be achieved by FY23. Strengthening governance, improving capital allocation and balance sheet lightening are the other key priorities of the new CEO. In general staffing, QUESS remains focused on volume growth through new client additions. Expanding bill rate model and enhancing sourcing channels are the key priorities in the Indian IT staffing business. Renewed sales engine, renewed focus on new acquisitions (enterprise, tech, SE Asia), rebuilding/modernizing talent, reinforcing performance culture and digital marketing are the key priorities in Monster.