Indian Hiring Sector Upswing-writeup - PPT Download

Indian hiring sector in consolidation mode

While good times are back in the Indian economy, one sector that has special reasons to cheer is the employment industry. The Indian hiring sector which had a buoyant 2004, is now expecting to witness some of its best and defining seasons in 2005, according to players.

This upward trend in hiring is expected to be sustained at least over the next 18 months across industries in India. And while hiring is hotting up across the the board, the hiring industry itself is undergoing a ‘morphing’ of sorts, say industry players. The Indian recruitment industry is in a phase of consolidation, according to TVA Infotech head Gautam Sinha. ‘‘The process started in 2003. We saw a lot of it in 2004. It will get further strengthened in 2005,’’ he said.

One prominent catalyst for the change is a shift in the perceived role of a recruiting company. The recruiter in demand now is one who can deliver beyond the traditional ‘sourcing’ or mere head hunting function, said Peopleone consulting managing director Ajit Isaac. From being a mere recruiter, one is expected to perform the entire gamut of HR functions such as staffing, e-learning, research, testing and so on, he said.

‘‘Specialised recruiters will increasingly be in demand,’’ said Mr Sinha. The challenge for recruiters, he said, is to upgrade themselves to be able to deliver services.

Last year also saw an increase in the number of foreign entrants in the Indian recruitment industry. New entrants such as Adecco and Manpower will benefit the Indian sector by the new technologies and automated processes that they bring in.

Year 2005 will also see temporary staffing being increasingly adopted by the old economy industries. ‘‘Last year was a year of reckoning for temp staffing,’’ Mr Isaac pointed out. The number of professionals hired through temp staffing this year are expected to double compared to last year. Earlier, temp staffing was prominent only in IT space.

In the IT industry, lateral hiring (for middle-level positions) and demand for freshers will continue to drive hiring in 2005. According to Mr Sinha, 2005 will be a year of ‘stability’ in this regard. ‘‘We believe that most of the professionals who were looking for a change would have shifted during 2004. Which means that companies will have to find innovative ways to attract talent,’’ he said.

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7th July 2005 From India, Mumbai

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7th July 2005 From India, Mumbai

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