India has always been bustling with top quality talent. Locally, companies have a surplus of top notch professionals who fit the bill of companies. They have been given the formal education and they also have a good working attitude and a sound set of corporate ethics. This is well and good, considering that companies look to hire for the long term, not just for a short span. While this scenario will always be looked at positively, let us look at the other side of the spectrum.
India is still on the verge of starting to recover from economic turmoil. The past 5 years have been considered “baby steps” towards full recovery, and this is still better compared to other countries (especially in Europe and the Americas). Our nation dreams to remove people from the miseries of poverty and hunger. This is exactly why the government is doing its best to churn out as many hiring companies as possible. If there are more companies that look to hire, more people will obviously land jobs, and have a shot at a better life. As per IMF’s recent forecast Indian economy is to grow by 7.5% in fiscal year 2015/2016.
It all boils down to a few factors, which we discuss in brief below.
A Globalization. India is just like any other country. It is dealing with the pressures and potentials of globalization. More and more international firms and companies are investing into India’s talent and resources. HR companies must take advantage of these global companies’ prowess and invite as many qualified applicants to take on these new jobs. Hiring policies have to be in line with the government’s vision on employment.
B Leadership. Recruiters must learn to see the difference between average employees and leaders. The average employee is satisfied with any job, and does not dream too much beyond his current state. A leader, on the other hand, is an employee with an entrepreneur’s heart. He seeks to get to work, and improve how he does his work. He wants to make things faster and more efficient. Companies love leadership skills, and recruiters must know how to spot a leader even before he lands the job.
C Keeping talent. Once the applicant is hired, the next struggle is to keep him in the company. Motivation will always play a part in an employee’s mindset, and recruiters must know how to pump up their new hires once they start working on the job. Hiring them is just the easy part; believe it or not. It’s making them stay that’s the real test.
Utkarsh Joshi , Principal, The HR Fund admits,” Increased hiring translates to more demand for talent acquisition and talent management products and services in India. Revenue for HR Automation services will go up with HRMS expenses”, he added.
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India will most definitely continue to produce quality candidates. The important thing here is that these candidates are treated professionally by the recruiters, and the companies they choose to work for. This is the formula for success for our workforce.